NEW YORK (Reuters) – Bank of America Corp (BAC.N) Chairman and Chief Executive Kenneth Lewis said the largest U.S. bank could repay the $45 billion of government capital it has taken by late 2009 or early 2010, depending on the economy, according to an interview published in the Charlotte Observer. The bank could repay the [...]
March 19, 2009
Regional economist says worst of recession is over
CHARLOTTE, N.C. — A regional economist and professor at UNC-Charlotte says the worst of the recession is behind us. But despite the rosier outlook, John Connaughton says there could be a few more bumps before things turn around. “This thing is about to end, and the worst is probably behind us,” Connaughton said Tuesday afternoon [...]
March 19, 2009
Charlotte area growth at 3.4%
Charlotte-Gastonia-Concord ranks seventh among the 100 fastest-growing metropolitan area in the country, according to the U.S. Census Bureau. The Charlotte metro area added 55,368 residents in the year ended July 1, bringing the total population to 1.7 million. The area had a 3.4 percent growth rate. Raleigh-Cary was the nation’s fastest-growing metro area, with a [...]
