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Bank of America (BAC) CEO Brian Moynihan has instructed his staff to be "more aggressive" in...

Bank of America (BAC) CEO Brian Moynihan has instructed his staff to be "more aggressive" in lending to companies and has predicted that the bank should surpass JPMorgan in direct-to-consumer mortgage loans in the next half year. Moynihan also wants to settle lawsuits against BofA as soon as possible, while he's cautious about predicting when the bank will be able to return money to shareholders.
Comments (6)
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  • What has any of this got to do with BAC? Moynihan's intentions make sense to me, as "money in the bank" isn't doing any good when you are the bank, and it needs to be put to work! I wonder though if this means the litigation is close to settlement; that should send the price up!
    3 Jan 2013, 09:29 AM Reply Like
  • if you click on the more aggresive link it goes to the website
    3 Jan 2013, 11:26 AM Reply Like
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