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The market value of Bank of America Merrill Lynch's Global Broad Market Index has increased $132.4 billion since the end of July to $42.1 trillion, the most in data going back to 1996. The index, containing more than 19000 bonds sold by governments,
Bank of America Corp. (ticker: BAC) tumbled $1.66, or 20.3 percent, to $6.51 after insurer AIG sued the bank over mortgage-backed securities, saying it was chea.
Among major Massachusetts employers, Bank of America was the biggest loser as 20 percent of its stock value evaporated in the meltdown — partly due to the deb.
CHART: Bank Of America Stock Has Fallen 50% In A Month. AIG sued BAC for $10 billion today (for massive mortgage fraud) which sent the stock down 21%. Details i.
