Bank of America Crisis Management Plan

Learn more in BSC Toolkit for Crisis Management

Julian Assange of WikiLeaks, who had become famous all over the world through hundreds of thousands of confidential files and documents, mentioned on November 29, 2010 that he was planning to expose a major American Bank in the beginning of 2011. He stated that data from the hard disc of an executive of the bank would reveal a vast ‘ecosystem of corruption’. Assange did not even name the bank but everyone promptly assumed that the targeted bank was Bank of America. The shares of the bank dropped sharply on this suspicion alone. According to financial experts, the details contained in the hard disc supposedly acquired by WikiLeaks could only be part of the investigation conducted by the federal authorities. At that time, the bank handed over several sensitive documents to the SEC, the Attorney General’s Office of New York State, and other federal investigators.