Thursday, September 17, 2009

Bank of America will close 10 percent of branches

CHARLOTTE, N.C. -- Bank of America Corp.'s CEO Ken Lewis said he is planning to shrink the bank's 6,100-branch network by about 10 percent, The Wall Street Journal reported today.

The newspaper said Lewis told investors of the plans at a meeting last week in Charlotte, North Carolina, where the bank's headquarters are located. The Journal cited unidentified people familiar with the discussion.

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