- 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
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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