Wednesday, July 23, 2008

Banks, I'm Begging You

Posted by Jarvis Holliday On 7/23/2008 1 comment
Both Bank of America and Wachovia posted second quarter earnings this week. While BofA's profits fell 41 percent from the previous year's second quarter, the red bank still made a profit of $3.41 billion. Some analysts are becoming a little optimistic during these hard times. I'm not.

Wachovia reported that it loss $8.9 billion during the second quarter and as a result will be cutting 10,750 jobs. While the locations of these jobs are not yet known, I don't think there's anyway Charlotte can be spared. While I'm not at all an economist, I foresee a significant number of jobs being loss here at the blue bank.

Today, I'm making my plea again. And I'm doing it by directing you to a blog I posted a couple of months ago: Big Banks: Please Save Our Women.

1 comment :

  1. There are plenty of professional women here in Charlotte and they don't work for the red or blue banks.


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