Companies and investors have been monitoring recent news reports regarding the defensive actions that Bank of America has taken following statements in late 2010 by WikiLeaks founder Julian Assange that he intends to “take down” a leading American bank and that WikiLeaks has a hard drive from a Bank of America executive.
According to reports, Bank of America Corporation has launched an extensive internal investigation to determine both the source and the substance of potential information leaks. In addition to looking for recent data leaks, Bank of America appears to be reviewing materials related to regulatory and congressional investigations into its acquisition of Merrill Lynch & Co., Inc., and mortgage loans made by and acquired from Countrywide Financial.
