Bank Of America Refutes Idiotic JP Morgan Take Over Rumors

Tyler Durden's picture

And so the uber-idiotic rumor which spread like wildfire among desperate traders yesterday, namely that JPMorgan would acquire Bank of America, is next in the docket to be denied (after taking cheap shots at Henry Blodget):

  • BANK OF AMERICA SAYS JPMORGAN MERGER SPECULATION IS `BASELESS'
  • BANK OF AMERICA DISCUSSES MERGER SPECULATION IN INTERNAL MEMO
  • BOFA REPEATS IT HAS NO NEED TO ISSUE ADDITIONAL COMMON STOCK

Now... If only Bank of America can focus its attention for 5 minutes and answer our questions and all shall be well.