Banks' Earnings Reports and Charlotte's Economy

Jan 22, 2008

(1/22/08) Bank of America and Wachovia this morning released their worst quarterly earnings reports in years. Fourth quarter income for Bank of America was off 95%. It was down 98% at Wachovia. To get some insight on the impact of the poor results on the Charlotte economy, WFAE's Scott Graf spoke with UNC-Charlotte economist John Connaughton.