Bank of Boston Anticipates Loss: Bank of...

Bank of Boston Anticipates Loss: Bank of Boston Corp. said it will report a loss of about $125 million for the third quarter after boosting reserves by $370 million to cover problem real estate loans and an unidentified buyout loan that went sour. However, the bank said it expects to post a profit for the nine-month period even after adding to its reserve for possible losses. Bank of Boston Chairman Ira Stepanian said in a statement that the action was taken because of “an increased level of nonaccrual loans, continued weakness in the real estate industry, further signs of softness in general economic conditions” and the leveraged buyout loan.