Because its core banking business is healthy. Bank of America will now be a major player on Wall Street. Published by The Washington Post,September 15, 2008 on pages A1,A13. It is certainly good news for Bank of America and its employees and customers.
Bank of America holds 10% stakes at the China Construction Bank. Such is Sino-American Economics apropos of globalization of financial and banking,indeed!
The headlines are published by media in the world and the financial clout of Bank of America is established in the eyes of the public.
Francis Shieh a.k.a. Xie Shihao on September 15, 2008 at 9.35 a.m.
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