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Report: Bank of America Retains Top Bank Ranking

American Banker  |  Thursday, June 4, 2009

Bank of America Corp. is the largest U.S. bank based on first-quarter assets of $2.32 trillion, according to a report by research firm SNL Financial. The Charlotte-based company is also the largest bank in Austin by total assets...

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The $25 billion mortgage robo-signing settlement is:
Political extortion from the banks in an election year
A slap on the wrist — the banks put reserves away for this long ago, they won't even feel it
A source of relief for both banks and homeowners that could help the housing market and economy recover
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