Oct 18: Poor quarter at BofA prompts talk of overhaul

Name: Oct 18: Poor quarter at BofA prompts talk of overhaul
Uploaded: 2007-10-19T14:05:35.000Z
Duration: PTNaNMNaNS
Channel: Financial Times
Description: A day of reckoning for US bank as profits fall 32 per cent

Bank of America, the second-biggest US lender, signalled it could dramatically scale back its investment banking division after shocking the markets on Thursday with a 32 per cent drop in third-quarter earnings.

October 19, 2007