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…

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