BUSINESS
09/08/2011 08:18 am ET Updated Nov 08, 2011

Bank Of America Closing 600 Branches [CORRECTION]

On Thursday, WCNC.com of Charlotte, North Carolina reported that Bank of America was splitting itself into separate consumer and commercial units. They have revoked the story and issued a correction.

From WCNC.com:

A CNN newswire service we subscribe to indicated that Bank of America was splitting into two units -- consumer and commercial.

The CNN report we gave you is not correct, according to a spokesperson from Bank of America.

There are no new branches shutting down just the original 600 reported back in March.