Bank of America doesn't have plans for dual headquarters, a bank spokesman told The Charlotte Observe today.
An article in the Wall Street Journal this morning had said the bank could establish dual headquarters in New York and Charlotte, citing “people inside the company.”
In denying the Journal report, spokesman Larry Di Rita repeated previous statements that the headquarters would stay in Charlotte.
“There is zero factual basis for this idea of dual headquarters,” said 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 story did hedge the dual headquarters plan by saying it wasn’t clear how wide-ranging the discussions are.
Bank of America's acquisition of Merrill Lynch gave it a bigger New York presence, but it has major operations in other cities, too, such as Boston.
Di Rita told the Charlotte Observer that Moynihan will spend time wherever the bank has major operations.
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