BofA is nuts: still going to acquire Countrywide

| 11 June 2008 15:28

It looks like the BofA-Countrywide deal is still on. In fact, BofA is making room for some of the Countrywide executives in its own executive suite. I reckon we will look back on this deal as a very bad call by BofA.

Bank of America Corp. has chosen several senior Countrywide Financial Corp. executives to help run its mortgage business after the planned acquisition of Countrywide is completed, according to people briefed on the appointments.
-WSJ, 11 Jun 2008

avatar About Edward Harrison

Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages, a skill he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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