Bank of America (BAC +0.2%) lowers its credit loss provision by $3.6B from a year ago. "With...

|About: Bank of America Corpora... (BAC)|By:, SA News Editor

Bank of America (BAC +0.2%) lowers its credit loss provision by $3.6B from a year ago. "With each day that passes, the 2010 story appears to be one of continuing credit recovery," CEO Brian Moynihan says. Credit costs, however, "remain high amid relatively weak global economic conditions."