UPDATE: BofA CFO Alastair Borthwick Earlier Said "When We Are Looking At The Rate Path, We Tend For Planning Purposes To Use The Forwards... The Research View At Bank Of America, Where People Are Telling Us That The End Place Will End Up Somewhere 2.75% Or 3%, I Think Is The Latest Thinking, Which Would Restore It Would Be Sort Of A More Normal Rate Structure In The U.S."
- Conference Call