News Alert from The Wall Street Journal
Bank of America has told U.S. regulators that it is willing to retreat from some parts of the country if its financial problems deepen. Executives at the financial giant put the potential move on a list of emergency scenarios submitted to the Federal Reserve last year. While people close to Bank of America insist that no retreat is imminent, even the possibility of selling branches and losing customers it spent huge sums to lure underscores the depth of its problems
Advertisement
0 Responses to “Bank of America Announcement…”