News tagged with “bank of america”. Found:
257 tagged news reports.
Your Search Returned 257 tagged news reports
Merrill Lynch reports record fourth-quarter loss
New York :: NY :: USA | 10 months ago
Credibility
Merrill Lynch , which has been taken over by Bank of America, today reported a record loss of $15.31bn for the fourth quarter. Merrill's loss amounted to $9.62 a share, driven by what its new owner called "severe capital markets dislocations". BoA alone...
Tags: bank of america, loss, america, Merrill Lynch, quarter loss, Bank of America Corp.
Bail-out fears send bank stocks tumbling
London :: United Kingdom | 10 months ago
Credibility Fears that more financial institutions will need bailing out by the Government sent banking shares tumbling on the London Stock Exchange. The UK is thrashing out proposals for another round of bank rescue measures, according to reports...The falls come...
Bank of America secures $140 billion bailout$
New York City :: NY :: USA | 10 months ago
Credibility The US Treasury agreed overnight to rescue Bank of America with a $138 billion (£93 billion) package of loans, guarantees and new capital only days after the lender officially acquired Merrill Lynch, the Wall Street brokerage. The bailout of Bank of America...
Tags: Bank of America, US Treasury
Bank of America gets bailout, $20bn injection
Washington :: DC :: USA | 10 months ago
Credibility The US government extended a new lifeline on Friday to Bank of America, injecting another $20 billion in capital and guaranteeing $118 billion in shaky assets to help it weather the ongoing financial crisis. he latest bailout for the largest US bank by...
Tags: Bank of America, US Treasury Department, Merrill Lynch, securities backed, america gets, fresh capital
Markets down, worried about banks
Washington :: DC :: USA | 10 months ago
Credibility Wall Street turned negative after stocks shot to a higher opening Friday, apparently still worried about the banking sector despite a government decision to bail out Bank of America with $20 billion...The tech-leaden Nasdaq sank 13.54, or 0.90 percent,...
Tags: Bank of America, Kenneth Lewis, quarter loss, Merrill Lynch, U.S
Treasury, Bank of America agree on bailout
Washington :: DC :: USA | 10 months ago
Credibility The government has extended a new multibillion-dollar lifeline to one of the country's biggest banks as officials continue to struggle with a serious crisis in the financial system. After a marathon negotiating session, the Bush administration agreed...
Tags: america, bank, bailout, agreement, 700 billion, Bank of America, Treasury Department, fed, congress
Wall St ends losing streak
Tōkyō :: Japan | 10 months ago
Credibility US shares ended with modest gains Thursday as the market erased early losses after news of a big economic stimulus introduced in Congress and a possible government aid plan for Bank of America. The Dow Jones Industrial Average finished with a gain of...
Tags: market, government, citigroup, plans, dow, Bank of America, Barack Obama, wall street, losing streak
Asian stock markets gain but caution remains
Hong Kong :: China | 10 months ago
Credibility Asian stocks rebounded modestly Friday from the previous day's rout, with Tokyo's index gaining more than 2 percent, as optimism grew the US would again bailout the banking industry and a weaker yen lifted exporters like Toyota Motor Corp. Trading was...
Tags: industry production, asian stock, production reports, U.S, Asian, Bank of America, wall street, Nikkei, dollar shows, Tokyo Stock Exchange
Bank crisis deepens anew
Tōkyō :: Japan | 10 months ago
Credibility Banking giants in Europe and the United States faced fresh questions about their ability to ride out a global financial crisis which is set to prompt a European Central Bank interest rate cut later on Thursday. Shares in Bank of America and Citigroup,...
Tags: European Central Bank, Bank of America, United States, central banks, Citigroup, global recession
Senate frees $350bn of bailout fund as shares slide$
Washington :: DC :: USA | 10 months ago
Credibility The US Senate has voted to release the remaining $350 billion (£239 billion) of the US financial bailout fund to President-elect Barack Obama. Some fierce opposition was overcome last night after Mr Obama’s team promised that up to $100 billion would...
Tags: bank, america, bailout, government, loss, wall street, obama, Merrill Lynch, banks, Bank of America
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