Protesters outside the Bank of America Bryant Park building, where the firm’s annual meeting is taking place today and where they are taking issue with the bank’s mortgage issues.

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“We’re not up to the level of earnings and profitability and sustained, responsible growth we know we can get this thing to,” Parsons told CNBC, ahead of the bank’s annual meeting in New York City. “I think that’s the assignment for this year.” [CNBC]

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Both Bank of America and Citigroup are considering allowing their employees to use the Apple (AAPL) iPhone as an alternative to the Research In Motion (RIMM) BlackBerry for corporate e-mail, Bloomberg reports, citing “three people familiar with the plans.” The story says the bank is testing software for the iPhone [...]

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Unclear on the details but according to our photog, the people out front of the bank’s building on 299 Park “are waving the flag of Tibet and holding signs that say something belongs in China.”

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The government’s going to stick its nose in Morgan’s bidness, not inform anyone at the bank about what it’s up to and then leak the investigation to the press? OH NO, THEY DI’INT. This was not how Dick Bové wanted to start her morning but, damn it, you bitches have forced her hand.

5.12 MS [PDF]

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$$$ “He was dismissed for being too successful in that role because the provisions in his contract were considered by the bank to be too generous.” [FT]

$$$ Chris Dodd’s Financial Reform Bill Is A Road Map Leading Directly Into The Next Crisis [BI]

$$$ Jack Grubman to Sell Townhouse for $19.6 Million [NYO]

$$$ Hedge Funds Fail When ‘Rock Stars’ Are In Charge [Bloomberg]

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