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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.
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  • MexCom
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    Just an advertisement gimmick to get you to subscribe to FT publication. A free subscription is offered via cumbersome procedure that doesn't allow a retiree to subscribe. Then if you make up a position/industry you offer email and password where attempts to log into their service continuously prompts you for a paid subscription.

     

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    3 Jan 2013, 06:14 AM Reply Like
  • DavidGomez
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    MexCom what are you talking about? Seeking Alpha is a free service.
    3 Jan 2013, 07:24 AM Reply Like
  • nissan22z
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    3 Jan 2013, 08:17 AM Reply Like
  • ploveless
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    Not only is it a free service but an excellent one!!
    3 Jan 2013, 08:37 AM Reply Like
  • gwynfryn
    , contributor
    Comments (3886) | Send Message
     
    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
  • kevinsquared
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    Comment (1) | Send Message
     
    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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