Bank Of America To Repay Bail Out
Saturday, March 7th, 2009The bank of America received the loans during the credit crisis last year and which is after the purchase of Merrill lynch. By this repay the bank would be able to free itself from government restrictions on executive pay which were a stipulation of granting the funds. So that the bank can search for a new chief executive since its existing CE retires by the end of the year.