- The bailout to-date for Bank of America: $138 billion
- Since October 2008, the bank's share price has fallen 70%
- Analysts estimate the bank has $500 billion of problem assets
- Top talent is leaving the commercial bank, the newly-acquired Merrill brokerage and some employees are volunteering for layoffs
Showing posts with label bank of america. Show all posts
Showing posts with label bank of america. Show all posts
Sunday, February 8, 2009
BusinessWeek Questions Bank of America's Survival
A current BusinessWeek article questions the survival of Bank of America, given its mounting financial challenges, investor discontent and flight of top talent. Here's a summary:
Labels:
bank of america,
Banking
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