Tuesday, November 13, 2007

Pending death of an investment bank?

The tumult in the financial markets is leading to an interesting side-bar around Bank of America’s Investment Bank. BofA continues to deny it but, with the CEO Ken Lewis having had “all the fun” he wants, everyone (including the league tables guys are getting into the rumor mill. As far as $675 million projects go, this seems like a big unwind to contemplate so soon, but with this coming in the context of the September departure of the CIO and more recent departure of the head of structured products, it’s going to be a tough turnaround.

No comments:

There was an error in this gadget