TITLE

B of A Tepid On Prospect Of Growth in Near Term

AUTHOR(S)
Davis, Paul
PUB. DATE
July 2010
SOURCE
American Banker;7/19/2010, Vol. 175 Issue 109, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the Bank of America (B of A) Corp. has managed a profit in the second quarter of 2010, despite it being made on lower revenues and lending while credit quality improved. According to the article, B of A's chief executive Brian Moynihan commented on the efforts to minimize risk that include scalebacks in loan books and in the sale of several assets. How the scaling back complicated results in the second quarter is discussed.
ACCESSION #
52305082

 

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