Bank of America Corp. Chief Executive Brian Moynihan sent a letter to the firm’s employees on Monday night in an effort to calm them following the firm’s 20% stock plummet that day.
“Our course is set, and we know our destination,” Moynihan said in the letter. A Bank of America spokesperson confirmed the letter’s contents on Tuesday, which was first reported by the Associated Press. The letter was originally posted on Bank of America’s internal website.
Register or login for access to this item and much more
All On Wall Street content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access