Bank of America Has ‘Considerable’ Savings in Asia

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Published at: www.bloomberg.com

Bank of America Asia Moves Forward

June 22, 2009

Analysis by:GLG Expert Contributor

Execution and speed of merger results in significant savings. Addition of personnel indicates preference to accelerate earnings. BofA will be a major player in the Asian theater.

BAC's savings in Asia

June 19, 2009

Analysis by:GLG Expert Contributor

It is very clear that a couple of months back when all the right sizing and rationalization was attempted at BofA and others, there were not many options available to the bank globally. In that ensuing melee what has happened is that BofA has sold off many profitable businesses from the bank in China and Asia becaue they were the only one getting buyers and also yet, there was no visibility to the...