Bank of America: CEO Defends Actions As Shares Sink

Embattled Bank of America CEO Brian Moynihan today fielded questions from 6,000 investors, analysts other participants in a 90-minute conference call devoted to the bank's cratering stock, its pile of bad mortgages, and its exposure to a mounting bank crisis in Europe. By mid-afternoon, at the time of the Q&A session, the bank's shares were down 4 percent. They are down some 47 percent for the year and had plunged 20 percent on Monday, making BofA the biggest loser of any S&P 500 stock on that...Full Story
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