The New York Time's reported on Universal's (U2's record label) legal response to the Bank of America cover.
Lyrics Celebrating Bank Merger Impress Only Copyright Lawyer
You can find links to the video by clicking the "one bank" label below.
Know what would be cool? Bank of America hosting talent contests in some of their branches. It would demonstrate a sense of humor and ability to roll with the punches of the crazy, new media world we live in.