BofA is nuts: still going to acquire Countrywide

By Edward Harrison On Jun 11, 2008

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

Edward Harrison 7783 posts 575 comments

Edward Harrison is a senior Editor at Bloomberg. He is also the founder of Credit Writedowns newsletter, a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He speaks six languages and reads another five, skills 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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