The Bankwatch

Tracking the consumer evolution of financial services

Bank of America are missing an opportunity

Why do BofA allow themselves to be behind the politicians on this.  There is so much for relatively little cost that they could be doing to display mea culpa and appear sorry.  Inaction will continue to result in such headlines as this in tomorrows FT and the overall impression that they are “not sorry”.

BofA chief to be grilled on bonuses | ft.com

Ken Lewis, Bank of America chief executive, will testify on Thursday before New York state prosecutors, who will question him on what he knew about $3.6bn in bonuses paid at Merrill Lynch in December, just before BofA’s Jan 1 acquisition of Merrill.

Written by Colin Henderson

February 26, 2009 at 02:00

Posted in Uncategorized

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