Bank of America (Wholesale) - Wholesale Lending
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Update (12-12-07): Bank of America issues a final sign-off to Wholesale:
Wholesale December Milestones
Update (mid-day): We received what we believe to be an official statement from Bank of America:
Original Posting (10-25-07): Numerous tips have come in regarding the apparent closure of the Whole Lending Division of Bank of America. Account Reps are already sending out farewell notices:
Big news across most major newspapers today, B of A announced it is laying off 3,000 employees, approximately 2 percent of their workforce. From Google News and the Associated Press:
We will update this during the day. We are looking for hard copy on this, so please email us information as it becomes available. Thank you.
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Important: This company is on our list of lending operations that have "imploded". However, please note that "imploded" is a somewhat subjective and does not necessarily mean operations are ceased permanently: it can mean bankruptcy filing, temporary but open-ended halting of major operations, or "firesale" acquisition. All information here is provisional, and may contain inaccuracies (especially newer information). If you are planning on doing business with this company or any other one listed on this site, you should inquire with them directly on whether they can still meet your needs. Many are still operating in some capacity.