Another rotten day for banks
Results season this week for Q4 earnings: JPMorgan – a $702 million Q4 net income compared to $3 billion a year ago;Citigroup – $8.29 billion losses and breaking into two banks;Bank of America – $1.79 billion loss, and $138 billion bailout thanks to Merrill making a $15.3 billion loss;Deutsche Bank – $6.4 billion loss;Anglo Irish…