FleetBoston net falls 24% on Argentina, investments

FleetBoston Financial Corp. said third-quarter profit fell 24 percent as the seventh-biggest U.S. bank lost money in Argentina and on investments in telecommunications companies. Net income dropped to $579 million, or 55 cents a share, from $766 million, or 70 cents, in the same period last year, the company said. Revenue fell 13 percent to…

Want More?

Subscribe or register with Providence Business News to keep reading.

for 2 more stories

Subscribe now for $1 for 4 weeks
Already a Subscriber? Login now

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -

No posts to display