BofA rethinking Countrywide merger

Bank of America may back out of its planned acquisition of Countrywide Financial Corp. if it can't negotiate a better deal, analysts said after Bank of America revealed that it might merge the troubled lender into a subsidiary and not guarantee all of Countrywide's corporate debt.

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.