Economy

Two headquarters? Bank of America says no

Bank of America Corp. denied a report in the Wall Street Journal this morning that said the bank could establish dual headquarters in New York and Charlotte.

"There is zero factual basis for this idea of dual headquarters," said bank spokesman Larry Di Rita. "Brian (Moynihan, the chief executive) has been unequivocal that the headquarters are in Charlotte. ...

There's no thinking, planning, or discussions to the contrary."

The Journal cited "people inside the company" talking about the potential for a dual headquarters. The story also said it wasn't clear how wide-ranging the discussions are. But Bank of America does have a bigger presence in New York now that it owns Merrill Lynch.

Read the complete story at charlotteobserver.com

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