“Regardless of the outcome of investigations into breaches of fiduciary duty, the real loss is that BoA only six months ago was a strong and valuable banking franchise. If it had not quickly jumped into the ML deal, they would have been well positioned to be a dominant player in today’s banking sector.
“Instead, Bank of American continues to fight for its survival and there is a real chance that it may even need to be nationalized. That would be a dire day for banking, for America and, unfortunately, for BoA shareholders.”
Contact Mark T. Williams, 617-358-2789, firstname.lastname@example.org