Yahoo! News :: Business

BofA earnings tumble, cuts dividend; to raise $10 billion (Reuters)

<p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20081006/bs_nm/us_bankofamerica"><img src="http://d.yimg.com/us.yimg.com/p/nm/20081006/2008_10_06t163244_329x450_us_bankofamerica.jpg?x=95&y=130&q=85&sig=hCDdD1EGC2xSiX5WE1e1rA--" align="left" height="130" width="95" alt="A man exits a Bank of America branch near the Bank of America corporate headquarters in Charlotte, North Carolina, on September 18, 2008. (Chris Keane/Reuters)" border="0" /></a>Reuters - Bank of America Corp, the largest U.S. bank, on Monday reported a 68 percent drop in quarterly earnings, halved its dividend and said it would seek to raise $10 billion in additional capital.</p><br clear="all"/>