Is bankruptcy possible for Countrywide Financial Corp., the Calabasas-based home lender whose acquisition has cost Bank of America Corp. tens of billions of dollars?
BofA Chief Executive Brian Moynihan didn't rule that out Monday in addressing an analyst conference in New York, though he didn't elaborate on the chance of such an extreme action either.
Moynihan instead focused on Phase 1 of his cost-cutting plan for the bank, which other corporate officials said Monday would eliminate about 30,000 jobs from a base of about 287,000.
Countrywide bankruptcy? Bank of America keeps its options open - latimes.com
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