OK, being part of the reason the U.S. economy is in the toilet is one thing. Your CEO getting hauled before Congress and being forced to resign is another thing. And yesterday’s announcement of a lawsuit by the New York Attorney General’s office accusing the former CEO and CFO of securities fraud is yet another big dropping in the giant pile of crappy news in which Bank of America finds itself living these days. So, hey, what’s one more? Today, a poll conducted by Forrester Research in Cambridge, MA., reports that BofA is now one of America’s least-trusted banks. Congratulations, guys! BofA placed seventh in a list of 50 banks in terms of being the least trustworthy. The “winner” was HSBC, a London-based bank that operates largely in the Northeast in the U.S. See all the results here. Good news for Charlotte: Wachovia’s not on the list. Bad news: Wachovia is history.
This article appears in Feb 2-8, 2010.
