BofA Capital Levels Fine, CFO Says

Bank of America (BAC) CFO Joe Price said Friday that the company has enough capital to keep it going for more than two years, according to a report.

The Associated Press reported that the CFO told employees on the company's intranet site that BofA's deposit base was a strong source of funds and the company's liquidity was strong.

"We currently have enough cash on hand to fund our parent company operations for more than two years without having to issue additional debt during that time," Price wrote. ...