On Tuesday Bank of America's stocks fell
more than 3% reaching a new one-year record low at $5.03 which is its lowest share
value since March 2009. On yearly basis company has lost 62%. Bank of America
was among financials that was downgraded by S&P yesterday. Company's
rapidly diminishing value may force it to sell assets. BoA is also planning to
fire approximately 30,000 employees in forthcoming 2 years.