Bank of America Meets with Mass. Officials on Jobs

Published on:
12 September 2006 at 10:18 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00002500-bank-of-america-meets-with-mass-officials/

BOSTON – Bank of America, the No. 3 U.S. bank, will hold on to its business with Massachusetts for now after executives on Tuesday told state officials they plan to honor promises to keep jobs in New England.

Bank of America CEO Kenneth Lewis and two other officials met for one hour with Massachusetts Treasurer Tim Cahill and Doug Rubin, the state’s first deputy treasurer, to discuss the plans to integrate Boston-based FleetBoston Financial, which it acquired for $48 billion on April 1.

“The message from the meeting was that we will take a wait-and-see approach,” Rubin said after the meeting.

The state recently warned it may pull back $120 million in business with the bank over the jobs issue.

For this complete story, please visit Bank of America Meets with Mass. Officials on Jobs.

Bank of America Meets with Mass. Officials on Jobs

Unknown Author

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