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Reading Summary - BOA Ponders Retreat.docx

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Western University
Geography 3422A/B
Milford Green

BOA Ponders Retreat 1/19/2013 10:21:00 AM Bank of America Ponders Retreat  Bank of America has told US regulators that it is willing to retreat from some parts of the country if its financial problems deepen  JP Morgan Chase and Wells Fargo are the only other two banks that are coast to coast  Bank of America has been relentlessly buying up assets to increase its size and achieve sizable muscle in nearly every large metropolitan area in the country nd o January 2 2012 – largest bank in the US by assets o In doing so it left itself more exposed than any major bank to the sever economic downturn of 2008-2009 o Its share price had tumbled 55% in the past year, the worst performance of any major US bank o JP Morgan rose to the top of the list in ass
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