war of attrition

Bank Of America's Bad Decisions Could Turn JPMorgan Chase Into Country's Biggest Bank

Bank Of America's Bad Decisions Could Turn JPMorgan Chase Into Country's Biggest Bank

When Bank of America swooped in to save swooning Merill Lynch and Countrywide in 2008, it achieved its goal of becoming the largest bank in the U.S. Three years on, those same acquisitions could be dragging BofA into a second-place position behind JPMorgan Chase. [More]