It's hard to tell at this time whether or not the assertion by Julian Assange that he has information which could "take down" a major bank (now assumed to be Bank of America (NYSE:BAC) is true or not, but it definitely has garnered interest and generated some hand-wringing at the same time.
The reason Bank of America is thought to be the target of information being released is from an interview in 2009 by Computer World with Assange, where he said this:
"At the moment, for example, we are sitting on 5GB from Bank of America, one of the executive's hard drives. Now how do we present that? It's a difficult problem. We could just dump it all into one giant Zip file, but we know for a fact that has limited impact. To have impact, it needs to be easy for people to dive in and search it and get something out of it."
The question after sitting on the information so long is whether or not anything new and startling will be revealed, and if in fact Assange has even come close to going through most of it, as it's a huge amount of data to sift through, and would take a team of people to do it.
Even though Bank of America was cited by Assange, it hasn't been confirmed yet whether or not they're actually the bank or banks he had in mind when talking about one or two of them being taken down.
He did say in the interview that it won't have a significant impact on the overall banking industry, but will definitely have an impact on a small number of them, as mentioned above.
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