New York Post – The bank chief, who agreed to an investor grilling today at the behest of one of BofA’s biggest shareholders, hedge fund manager Bruce Berkowitz of Fairholme Capital, will face an onslaught of questions about his firm’s financial health.
Today’s 1 p.m. conference call with investors comes a day after Moynihan went on the offensive for the bank, as its shares are down 43 percent this year. BofA’s steep decline was highlighted by a 20.3 percent rout during Monday’s frenzied trading action that saw the bank emerge as the worst performer in the S&P 500 index.
