Bank of America Corp on Friday revealed that its U.S. operations lost money in the second quarter as the quality of consumer and commercial loans retreated.

In its quarterly report filed with the U.S. Securities and Exchange Commission, the largest U.S. bank said it lost $255 million in the United States, and would have lost money elsewhere but for a $3.5 billion after tax gain from a sale of part of its stake in China Construction Bank Corp .

Some times ago the bank said it set aside $13.38 billion for bad loans for a second straight quarter, while net charge-offs rose 25 percent from the first quarter to $8.7 billion.

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