Bank of America stops wholesale lending

Bank of America published yesterday it will exit offering its consumer home mortgages through brokers by the end of 2007.
Result are Bank of America job cuts and lay offs of 700 jobs.
Just on Wednesday the U.S. bank announced cuts of 3000 jobs due to a poor quarter in investment banking.
There was 32% drop in quarterly [...]

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CHARLOTTE, N.C., March 5 /PRNewswire/ -- Bank of America Chief Executive Officer and President Brian T. Moynihan will participate in the Citi 2010 ... ... ... Last September, as Wall Street turned to rubble and panic threatened to come unleashed, Ken Lewis, the CEO of Bank of America, agreed to swallow one of the country’s most ... Ben Pavone told Bank of America in a letter last week that he refuses to pay off his credit card debt until the bank lowers his interest rate. http://beheardbyamerica.com/2010/01/05/ben-pavone-california-lawyer-refuses-to-pay-bank-of-america-credit-card-threatens-to-sue/ ... Bank of America - Business Exchange ...

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