Bank of America (BAC) Preparing for WikiLeaks Hit Job

Bank of America (NYSE: BAC) now believes it is the target of WikiLeaks, and is preparing for the data dump coming early next year.

Fox Business Network (FBN) Senior Correspondent Charlie Gasparino reports that "Bank of America clearly believes inside the firm that it is a target" of the Wikileaks and "has assembled a legal SWAT team" to handle any information that is released.

Shares of Bank of America fell 3 percent Tuesday following speculation it would be the bank target of WikiLeaks.

In a recent interview with Forbes, Assange said WikiLeak's next target will be a major American bank. Assange said the information, "could take down a bank or two."

Bank of America shares have regained the losses suffered on the WikiLeaks speculation.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• VICI Properties closes $1.75B senior unsecured notes offering
• BofA says US yen intervention may need stronger follow-up
• Applied Materials (AMAT) PT Lowered to $650 at BofA Securities, 'our top semicap pick is LRCX'