"Abouuuut Face!" is rapidly becoming a favorite marching order of Brian Moynihan.
The Wall St Journal reports that just days after the Bank of America chief executive reversed course on the bank's controversial decision to charge customers a debit-card usage fee, Bank of America said late Thursday that it plans to issue up to 400 million shares of new common stock. That followed Mr. Moynihan's repeated declarations throughout the year that the bank didn't need to raise additional capital, largely because he didn't want to dilute existing shareholders.
This is the latest in a string of flip-flops….
Learn more at http://online.wsj.com/article/SB10001424052970203716204577017832616814806.html?mod=WSJ_hp_MIDDLENexttoWhatsNewsForth
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