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What would you ask Bank of America’s CEO?
Bank of America Chief Executive Brian Moynihan will undergo the most sensitive investor call of his career tomorrow when he submits to a public grilling from Fairholme Capital founder Bruce Berkowitz, one of the bank’s largest shareholders. Fairholme, which manages about $17 billion in assets, set up the call before the bank’s shares lost one-third of their value last Thursday, Friday and yesterday amid concerns about mounting mortgage-related losses and how the bank may be affected by a worsening economy.
Berkowitz has invited investors to submit questions at firstname.lastname@example.org, but, our Wall Street team led by Jed Horowitz, has come up with some of our own. The answers could shed light on crucial issues such as whether the bank will need to raise more equity—and whether Moynihan can survive.
Below are a few of our questions for Moynihan.
1. How will you raise the $50 billion of capital analysts suspect you need to satisfy new regulatory capital rules when your core businesses are losing profitability in a slowing world economy?
2. Is the bank looking to sell any assets?
What else would you ask Bank of America’s CEO?
Let us know in the comments below.