Here's what's happening in banking and finance news this morning:
- Bank of America chief Brian Moynihan says he's "incensed" by public criticism of his company and is taking steps to rebuild its image by reminding community leaders of the bank's contributions, Bloomberg reports.
- Bank of America is part of the roughly 69 percent of companies whose profits in the third quarter beat analysts' expectations - but that doesn't mean it's out of the woods, financial research company StreetAuthority writes.
- Investment bankers are considering a life beyond Wall Street, leaving finance giants for smaller regional banks, according to the Wall Street Journal.
- Banks are peddling spinoffs to make up for declining takeover volume - but given the weak stock prices of some banks, they might find themselves under the same pressure to split up, the New York Times writes.
- A new survey found 30 percent of U.S. consumers would leave their bank over debit card fees, the trade publication CRM Buyer reported.
4 comments:
Time to break them up, even if its bad for Banktown!
That would be devastating for Charlotte and surrounding areas. Do you have any idea how many would be jobless? Not to mention the money that all those workers spend in Uptown shops and restaurants. Think before you speak next time ...
why its bad for Banktown?
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