Time was, Bank of America loved buying companies. Bonus points if there was a not-so-subtle suggestion by the target’s CEO that BofA would one day be very sorry for doing so, or that they would’ve been better off picking up an asbestos manufacturer, or that they were looking at roughly $40 billion (and counting) in legal fees associated with fuck-ups that were to become Bank of America’s problem, or that they would have night terrors for the rest of their lives about signing those papers. As it’s been a while since BofA went shopping, some in the financial services industry have been wondering if we can expect any announcements re: big deals anytime soon or if Ken Lewis’s unsolicited suggestions (Groupon, Sino Forest, The Thirsty Beaver, and most recently: “a P&C insurer with outsized exposure to the Northeast”) are or have ever been under consideration.

Sadly for fans of the Lewis Era/style of doing business, not so much.

Mr. Moynihan said in response to an audience question [at the bank’s two-day investor presentation conference for financial companies at the Plaza hotel] that the bank has “no acquisition plan at all.”

BofA’s Moynihan Says Fiscal Cliff Impact Already Happening [WSJ]

29 comments (hidden to protect delicate sensibilities)
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Comments (29)

  1. Posted by CoveredLong | November 13, 2012 at 12:49 PM

    The only acquisition plan Lewis ever had involved cases of Boone's.

  2. Posted by InfiniteGuest | November 13, 2012 at 1:03 PM

    The bank has “no plan at all.”

    – fify

  3. Posted by Beaver Fever | November 13, 2012 at 1:20 PM

    The thirsty beaver robbed me of my dignity and my childhood.

  4. Posted by Beaver Fever | November 13, 2012 at 1:21 PM

    The Thirsty Beaver robbed me of my dignity and my childhood

  5. Posted by Guy In Charlotte | November 13, 2012 at 1:36 PM

    Charlotte…a world class city with small town values. Bess is clearly jealous, and results to writing these post about how the fate of the whole metro area relies on this mans competence.

  6. Posted by Anonymous | November 13, 2012 at 1:46 PM

    Bank of America should be called Bank of Toxic Waste

  7. Posted by Annoyed Guest | November 13, 2012 at 2:25 PM

    what is wrong with the commenting system

    i understand making a dedicated link for each comment to drive up advertising traffic but getting rid of comments and replying is just ridiculous

  8. Posted by Matt's Feelings Hurt | November 13, 2012 at 2:37 PM

    So the witty innovative age of dealbreaker comments is gone. I would say an interesting phenoma was that most comments were never troll like as the brutal down thumb bashing kept a pretty imaginative/witty board on here unique to most other sites as stupidity and not being original were not accepted.

    Cheers!

    RIP

  9. Posted by Thumb? | November 13, 2012 at 3:03 PM

    WTF DB? WTF
    ____________
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    \ /
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    \__\

  10. Posted by Guest | November 13, 2012 at 3:14 PM

    Translation…we have rotting teeth, halitosis, and chronic fatigue syndrome from puking up all the shitty deals of The Kenny era.

  11. Posted by Bejujular | November 13, 2012 at 3:17 PM

    It all changed when she read that bloody book, right?

  12. Posted by Grandma | November 13, 2012 at 3:25 PM

    It's so nice to see a young man with manners these days

  13. Posted by Texashedge | November 13, 2012 at 3:26 PM

    You can't say Boone's on here–YOU HAVE TO SAY CHIVAS

  14. Posted by CoveredLong | November 13, 2012 at 3:39 PM

    That Chivas, it looks so regal.

  15. Posted by guesticles | November 13, 2012 at 3:44 PM

    1. results ≠ resorts
    2. LOL at "Bess is clearly jealous [of Charlotte, NC]
    3. LOL at everything about your comment.
    4. Nothing in the above post says anything about how "the fate of the whole metro area relies on this man's competence."
    5. Are you with the Charlotte tourism board? Serious question.

  16. Posted by Annoyed Guest | November 13, 2012 at 4:13 PM

    what is wrong with the commenting system

    i understand making a dedicated link for each comment to drive up advertising traffic but getting rid of comments and replying is just ridiculous

  17. Posted by Matt's Feelings Hurt | November 13, 2012 at 4:14 PM

    So the witty innovative age of dealbreaker comments is gone. I would say an interesting phenoma was that most comments were never troll like as the brutal down thumb bashing kept a pretty imaginative/witty board on here unique to most other sites as stupidity and not being original were not accepted.

    Cheers!

    RIP

  18. Posted by Thumb? | November 13, 2012 at 4:14 PM

    WTF DB? WTF
    ____________
    / __)
    ___)
    ___)
    ________)
    /

    __

  19. Posted by BessLevin | November 13, 2012 at 4:17 PM

    Nope. IntenseDebate, and thumbs up/down and replies, and everything that comes with it, is still here. There were a few hours where the ID plug-in was fucked up, and when that happens sometimes it makes the site revert to the old commenting system.

  20. Posted by guest | November 13, 2012 at 4:18 PM

    Glad you didn't jump to any conclusions there, there might've been egg on your face.

  21. Posted by Anonymous | November 13, 2012 at 4:24 PM

    Bank of America should be called Bank of Toxic Waste

  22. Posted by Lowly Assistant | November 13, 2012 at 4:24 PM

    Yes, yes. Indeed, Charlotte is a world class city. Also, Miller High Life is the champagne of beers.

  23. Posted by Guy in Charlotte | November 13, 2012 at 4:27 PM

    Not on the tourism board. Just sticking up for the Queen City that keeps taking Wall Streets jobs.

  24. Posted by Guest | November 13, 2012 at 4:57 PM

    did you write that yourself?

  25. Posted by HungryIntern | November 13, 2012 at 5:53 PM

    like Buffalo or something?

  26. Posted by Guy in Charlotte | November 13, 2012 at 6:15 PM

    True they both rock the same nickname, and Charlotte has just about as many people from Buffalo as Buffalo has people from Buffalo.

  27. Posted by John Thain | November 13, 2012 at 7:01 PM

    relax, they bought $51.8 billion in crap from me

  28. Posted by Michelle G. Collins | April 11, 2013 at 2:36 AM

    Banks are now more selective on which to grant a loan. Material valuation and composition are asked to be disclosed for commercial viability on which the interest of public health is a main consideration. Materials like asbestos in some low cost housing have dented the image of sustainable houses. Asbestos has no room in the sustainable future.

  29. Posted by HungryTruckChallenge | June 17, 2014 at 11:50 AM

    Conducir un camión coche estupendo de una unidad muy divertido juego. Pizza, palomitas de maíz, pescado, carne de cerdo, son sólo algunos de los componentes de esta raza única.
    Camiones Roll y realiza acrobacias para una puntuación super y tratar de no destruir su coche porque tiene sólo tres vidas.