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Wed May 16, 2012
Ken Lewis, CEO of Bank of America, is downplaying rumors about a potential alliance between the banking giant and” Countrywide Financial Corp.”:http://www.countrywide.com, according to MarketWatch.
Earlier this week, reports of a possible merger classified the discussions between Bank of America and Countrywide Financial as unconfirmed and in the beginning stages.
MarketWatch reported Wednesday that Lewis did not give specifics about potential merger discussions, but he did cast doubts on the possibility of an alliance by saying, “When it comes to mortgages, the bank is looking in the direction of organic growth.”
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