CHARLOTTE, N.C. (AP) - A report Friday said federal officials are pressuring Bank of America Corp. to revamp its board and bring in directors with more banking experience.
The story in The Wall Street Journal called the regulators' move "unusual" as the government does not own a stake in the company, and most of the bank's problems are the result of its purchase of Merrill Lynch & Co., which was advised by regulators.
Quote from: akmisrmaadi on May 15, 2009, 01:17 PM NHFT
The story in The Wall Street Journal called the regulators' move "unusual" as the government does not own a stake in the company
Liar, liar, pants on fire.