Banks Should Prepare for Possible WikiLeaks Disclosure

During an interview with Forbes, WikiLeaks founder Julian Assange said there will be a disclosure of internal documents from a “major American bank” in early 2011 that will “lay bare the finance firm’s secrets on the Web for every customer, every competitor, every regulator to examine and pass judgment on.” Assange doesn’t go into further detail, but says the data will reveal an “ecosystem of corruption” and “unethical behavior.”

The words have struck fear in the hearts of Bank of America investors; its stock dropped