Bank of America Stock Drops Amid Suspicion It's Next WikiLeaks Target

Bank of America shares tumbled 3% yesterday, amid speculation that the bank, the largest in the country, will be the next target of damning leaked documents from WikiLeaks.

As Agence France-Presse reports:

In an interview published Monday by Forbes magazine, WikiLeaks founder Julian Assange claimed a fresh "megaleak" will target a major US bank "early next year." Assange said the bank leak would "give a true and representative insight into how banks behave at the executive level in a way that will stimulate investigations and reforms, I presume." The controversial Australian said that he was ready to unleash tens of thousands of documents that could "take down a bank or two."

On Tuesday, The Huffington Post website said an Assange interview with Computer World last year suggests Bank of America may be the next target. In the October 2009 interview, put online on the news website, Assange said that WikiLeaks had acquired a large trove of information from Bank of America.

Bank of America has denied knowing anything about the potential leak, saying in a statement "Aside from the claims themselves, we have no evidence that supports this assertion. We are unaware of any new claims by WikiLeaks that pertain specifically to Bank of America." But you can be sure they're shaking in their boots.

Assange also name-checked Goldman Sachs in the Computer World interview, causing the investment giant's stocks to dip 1.75% yesterday.

AlterNet / By Lauren Kelley

Posted at December 1, 2010, 6:02am

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