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Tags » Prime Mortgages

Related tags: bac, bank of america, business trends, credit squeeze, good credit, ken lewis, peter forlenza, retail mortgages, sub prime mortgages, wholesale mortgages

Bank of America to Focus on Retail Business

knowmoremedia.com » ManagersRealm - Oct 26, 2007

In response to a terrible performance in the third quarter, Bank of America (BAC) is getting out of the wholesale mortgage business, cutting down on investment banking and getting rid of about 700 jobs there. The 700 …

Also tagged: bank of america, bac, business trends, sub prime mortgages, good credit, ken lewis, credit squeeze, peter forlenza, retail mortgages, wholesale mortgages