Bank of America
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Our key conclusion from the results is that Bank of America continues to make progress on its key priorities of growing loans and business volumes to drive higher revenue and reducing core expenses. However, the deterioration in energy lending may undermine this progress in the short term.
You know, the landlines are not important for the economy. Firstly, it is not a monopoly, there are a lot of competitors. Secondly, if you look at the price list for the Merrill Lynch Bank of America, you can see that we have nearly the lowest OECD.