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Selected NewsBank of America to pay mortgage head more than CEO got in 07 (Washington Post)NEW YORK (Reuters) Bank of America Corp (BAC.N) agreed to pay David Sambol, COO of takeover target Countrywide Corp (CFC.N), more than its own CEO received in 2007 to encourage him to lead the banks consumer mortgage business. Read more Countrywide exec gets $28 million from Bank of America (Washington Post)NEW YORK (Reuters) Bank of America Corp (BAC.N) said it has agreed to pay $28 million to Countrywide Financial Corp (CFC.N) Chief Operating Officer David Sambol to induce him to run the merged companies consumer mortgage operations. Read more Feds Rosengren Says Reduced Bank Lending Crimping U.S. Economy (Bloomberg.com)March 28 (Bloomberg) Boston Federal Reserve Bank President Eric Rosengren said credit market turmoil has reduced U.S. banks ability to lend, crimping economic growth. Read more Blogs about Home Equity Bank
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