Bank of America Corp, the No. 2 U.S. bank by assets, reported an 18 percent slide in quarterly profit on Thursday as its trading business was hit by concerns about a global economic slowdown and uncertainty about U.S. interest rates. The profit was in line with the market’s low expectations after what was widely being seen as the grimmest quarter for the banking industry since the financial crisis. Market volatility stemming from a slide in commodity and oil prices, worries about China’s economy and uncertainty about interest rates hit trading activity globally in the quarter, particularly in January and February. The bank’s revenue also fell short of Wall Street’s expectations, as adjusted revenue from bond, currency and commodities trading slid 17.5 percent to $2.26 billion. Charlotte, North Carolina-based […]