News tagged with “bank of america”. Found:
323 tagged news reports.
Your Search Returned 323 tagged news reports
The safest bets in bank stocks
Detroit :: MI :: USA | 2 days ago
Credibility
Since March, bank stocks have staged a remarkable turnaround. In just eight months the financial sector of the S&P 500, which was battered in last year's credit storm, has soared 132% And shares of some of the biggest banks in the group have done considerably...
Tags: J.P. Morgan Chase, real estate, Detroit, Goldman Sachs, Investment banks, Bailout, Bank of America, Primary dealers, Business Finance, economics, Federal Reserve System, Subprime mortgage crisis
Billions more to pay bail-out
New York City :: NY :: USA | 2 days ago
Credibility America, which plans to repay $US45 billion ($A48.4 billion) of US Government bail-out money, raised $US19.3 billion in a sale of securities at $US15 apiece, a 4.8 per cent discount on its common stock. The lender, ranked first by assets and deposits...
Tags: New York City, Bank of America, Primary dealers, Merrill Lynch, Business Finance, Troubled Asset Relief Program, Goldman Sachs, Citigroup, Government intervention during the subprime mortgage crisis, Wells Fargo, UBS AG, GMAC
The Biggest CEO Outrages Of 2009
New York City :: NY :: USA | 2 days ago
Credibility Texan who was, according to Forbes, a billionaire until this year, scored high in chutzpah in 2009. He and his co-defendants allegedly sold $7 billion worth of certificates of deposit through his Stanford International Bank and misappropriated most of...
Tags: R. Allen Stanford, chief executive, Stanford International Bank, Bank of America, Merrill Lynch, SEC, New York City, Goldman Sachs, Edward M. Liddy, American International Group, Primary dealers, Business Finance, Lloyd Blankfein, John Thain
Chinese official blames foreign banks for huge derivative loss by state-owned companies
Beijing :: China | 3 days ago
Credibility A senior Chinese official criticized foreign banks for selling derivatives with "fraudulent characteristics" that led to heavy losses for state-owned airlines and other companies. "Some international investment banks are the biggest villains," said Li...
Tags: Merrill Lynch & Co., Chinese, Morgan Stanley Li, Bank of China Ltd., China Telecom Ltd., China National Petroleum Corp, Goldman Sachs Group, China, Beijing, Goldman Sachs, Investment banks, Bank of America, Primary dealers, Leverage, Merrill Lynch, Business Finance, Morgan Stanley
Naples bank receives $11 million present
Naples :: FL :: USA | 3 days ago
Credibility The Royal Palm Bank of Florida has been infused with $11 million in capital by its owners. Mercantile Bancorp Inc., the bank’s parent company in Quincy, Ill., announced the multimillion investment on Thursday as part of a multi-level recapitalization...
Tags: The Royal Palm Bank, Greg Murphy, Selling Royal Palm, Ted Awerkamp, Southwest Florida, community banks, Mercantile Bancorp., palm banks, Naples, Banking in the United States, Bank of America, Business Finance, Bank, Enterprise Bank
Why Wells Fargo hasn't paid U.S. back
Tarp :: Germany | 3 days ago
Credibility Bank of America ( BAC , Fortune 500 ) said late Wednesday it will raise $20 billion in new capital to repay its Troubled Asset Relief Program obligations. After BofA extinguishes its $45 billion loan, just two of last fall's initial multibillion-dollar...
Tags: Wells Fargo, Bank of America, Warren Buffett, Germany, Tarp, Banking in the United States, Primary dealers, Business Finance, United States Department of the Treasury, Troubled Asset Relief Program, GMAC
Mr. Bernanke deserves a second term as Fed chairman
Tarp :: Germany | 3 days ago
Credibility Senate confirmation vote on a second four-year term as chairman of the Federal Reserve, Ben S. Bernanke finds himself under attack from both ends of the political spectrum. Libertarian Rep. Ron Paul (R-Tex.), abetted by a number of liberal Democrats,...
Tags: Federal Reserve, US Fed, Ben Bernanke, Mr Bernanke, Ben S. Bernanke, Shalom Bernanke Bernanke, Mr. Bernanke, Ben Bernanke, bernanke defends, Senate Banking Committee, Germany, Tarp, Business Finance, Federal Reserve System, Chairman of the Federal Reserve, American International Group, Subprime mortgage crisis, Politics, Jim Bunning, Christopher Dodd, Bernanke Doctrine, Alan Greenspan, Troubled Asset Relief Program, Banking in the United States, Primary dealers, United States Department of the Treasury, Timothy Geithner, Bailout, Goldman Sachs, Bank of America, Causes of the Great Depression
BofA Details Stock-Sale Plans
Singapore :: Singapore | 3 days ago
Credibility Bank of America Corp. on Thursday outlined its plans to help pay back federal bailout funds through a complex $18.8 billion stock sale with a variable structure that hinges on whether shareholders approve an increase in shares. The sale, which could be...
Tags: Singapore, Security, Equity securities, Bailout, Bank of America, Business Finance, Corporate finance, Preferred stock, Stock market, Stock
FBR Upgrades Bank Of America, Lifts Price Target
New York :: NY :: USA | 3 days ago
Credibility They said its tangible common equity, a key measure of financial strength, would improve by a full percentage point. Bank of America to be required to raise the full $45 billion in common stock."
Tags: price target, New York, Banking in the United States, Bank of America, Primary dealers, Business Finance, United States Department of the Treasury, Tarp Germany, Troubled Asset Relief Program
World stocks hit 14-month high
Mumbai :: India | 3 days ago
Credibility World stocks hit a fresh 14-month high on Thursday while oil also rose after Bank of America said it would repay $45 billion of taxpayer bailout funds in a move which injected optimism into the financial sector. The low-yielding dollar came under pressure,...
Tags: Bank of America, world stocks, India, Mumbai
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