So the example that came up in this article was Brian Moynihan from Bank of America. The bank is headquartered in Charlotte and Moynihan, he came into the company with the Fleet Boston acquisition and he still lives in Boston.
Whilst a number of analysts are punching out bullish calls on Bank of America Corp (NYSE:BAC) in lieu of a projected rate hike, experts are overlooking the tailwinds surrounding the company that could pull the stock to record lows.
Bank of America Corp (NYSE:BAC) is the subject of a class action lawsuit in three Georgian counties. The lawsuit is for allegations that the bank in partnership with its other groups violated the Fair Housing Act during the early-to-mid 2000s.