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Is Brian Moynihan's Job In Trouble?

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If you're of the belief that Julian Assange's hint about the next WikiLeak hitting 'a major US bank,' points to Bank of America and also of the belief that Julian Assange had evidence about said bank that could possibly embarrass the institution more than it's already embarrassed itself, then yes!

According to a reporter with the Times of London, Assange claims to have "enough material to make bosses of a major US bank resign." In related news, WikiLeaks had this to say, in response to Bank of America restricting payments to the organization: "We ask that all people who love freedom close out their accounts at Bank of America." And later: "Does your business do business with Bank of America? Our advice is to place your funds somewhere safer."

Alexi Mostrous [Twitter via BI]


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He's got this. JPMorgan Chase Chief Executive Officer Jamie Dimon has the experience needed to manage the fallout from trading losses, and market disruptions haven’t been serious, Bank of America CEO Brian T. Moynihan said today. Trading didn’t freeze and markets behaved “reasonably well” given the circumstances after Dimon disclosed at least $2 billion in trading losses at JPMorgan’s chief investment office, Moynihan said today at a Manhattan investor conference. Dimon has shown he’s got the skills to handle the affair, said Moynihan, whose Charlotte, North Carolina-based bank ranks second by assets behind New York-based JPMorgan. [Bloomberg]