0
votes
USA
Foreign Banks Stressed in U.S. as Funds Dry Up: Credit Markets
reply
Non-US banks' cash plunged almost 40 percent, or $420 billion, in the five months ended Nov. 30, leading to an 18 percent decline in assets, according to Federal Reserve data tracked by Barclays Plc. The Fed's swap lines to foreign central banks, ...
http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/12/18/bloomberg_articlesLWEUAM07SXKX.DTL
http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/12/18/bloomberg_articlesLWEUAM07SXKX.DTL
Posted on: December 19, 2011 at 1:04 am
0
votes
USA
Bank of America Swap Adds $3.9 Billion of Capital
reply
By DAVID BENOIT NEW YORK—Bank of America Corp. completed its effort to swap out preferred shares for common stock and debt, a plan that in the aggregate will add some $3.9 billion to its key capital positions. The plan, whereby the bank sold 400 ...
http://online.wsj.com/article/SB10001424052970204553904577102270095093772.html
http://online.wsj.com/article/SB10001424052970204553904577102270095093772.html
Posted on: December 17, 2011 at 1:04 am
0
votes
USA
Fitch Downgrades a Bunch of Banks, Including Bank of America and Goldman
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By Mark Gongloff Fitch just downgraded a bunch of global banks, including Bank of America and Goldman Sachs. Fitch cited “increased challenges the financial markets face,” including a rocky economy and regulatory risk. This may not have much impact on ...
http://blogs.wsj.com/marketbeat/2011/12/15/fitch-downgrades-a-bunch-of-banks-including-bank-of-america-and-goldman/
http://blogs.wsj.com/marketbeat/2011/12/15/fitch-downgrades-a-bunch-of-banks-including-bank-of-america-and-goldman/
Posted on: December 16, 2011 at 1:04 am
0
votes
USA
Bank Of America Corporation (BAC): Today's Featured Banking Loser
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By TheStreet Wire 12/14/11 - 04:01 PM EST Bank of America Corporation (BAC) pushed the Banking industry lower today making it today's featured Banking loser. The industry as a whole closed the day up 0.4%. By the end of trading, Bank of America ...
http://www.thestreet.com/story/11345780/1/bank-of-america-corporation-bac-todays-featured-banking-loser.html
http://www.thestreet.com/story/11345780/1/bank-of-america-corporation-bac-todays-featured-banking-loser.html
Posted on: December 15, 2011 at 1:06 am
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votes
USA
U.S. Stocks Decline as Fed Refrains From Additional Stimulus
reply
Sears Holdings Corp., Alcoa Inc. and Bank of America Corp. slumped at least 2.3 percent. Best Buy Co., the largest consumer-electronics retailer, tumbled 15 percent as discounts hurt gross margin. Amazon.com Inc. dropped 4.8 percent as Goldman Sachs ...
http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/12/13/bloomberg_articlesLW5W756VDKI6.DTL
http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/12/13/bloomberg_articlesLW5W756VDKI6.DTL
Posted on: December 14, 2011 at 1:04 am
0
votes
USA
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Posted on: December 13, 2011 at 11:09 pm
0
votes
USA
Pain may not be over for US banks
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When Bank of America (BAC.N) shares fell to a fresh two-year low of $5.03 last week, instead of betting on a rebound, option traders moved to hedge themselves against more declines. "There's a group of high-quality banks that have bottomed, but Bank of ...
http://in.reuters.com/article/2011/12/13/banks-outlook-analysis-idINDEE7BC04020111213
http://in.reuters.com/article/2011/12/13/banks-outlook-analysis-idINDEE7BC04020111213
Posted on: December 13, 2011 at 1:04 am
0
votes
USA
Bank Credit Highest Since Before Lehman as US Growth Continues
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12 (Bloomberg) -- US bank credit is growing at the fastest pace in three years, giving the Federal Reserve confidence in the economic expansion's staying power. Financial institutions increased commercial and industrial loans by an average annual pace ...
http://www.businessweek.com/news/2011-12-11/bank-credit-highest-since-before-lehman-as-u-s-growth-continues.html
http://www.businessweek.com/news/2011-12-11/bank-credit-highest-since-before-lehman-as-u-s-growth-continues.html
Posted on: December 12, 2011 at 1:04 am
0
votes
USA
Lowe's, Bank Of America, And Others Pull Ads From Muslim Reality TV Show After ...
reply
FFA claims that 65 of the 67 companies targeted have done this, including home improvement giant Lowe's and megabank Bank of America: The Florida Family Association, a Tampa Bay group, has led a campaign urging companies to pull ads on “All-American ...
http://thinkprogress.org/politics/2011/12/10/386936/lowes-bank-of-america-pull-ads/
http://thinkprogress.org/politics/2011/12/10/386936/lowes-bank-of-america-pull-ads/
Posted on: December 11, 2011 at 1:04 am
0
votes
USA
European crisis: Banks' hesitance to lend has ripple effects in the US
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European banks were nervous about risk and scrambling to meet requirements for capital reserves. The original lenders — including Bank of America Merrill Lynch, Morgan Stanley and two big European banks — found themselves stuck with the big loans. ...
http://www.washingtonpost.com/business/economy/european-debt-crisis-banks-hesitance-to-lend-has-ripple-effects-in-the-us/2011/12/08/gIQA18hHjO_story.html
http://www.washingtonpost.com/business/economy/european-debt-crisis-banks-hesitance-to-lend-has-ripple-effects-in-the-us/2011/12/08/gIQA18hHjO_story.html
Posted on: December 10, 2011 at 1:06 am
0
votes
USA
Bank of America Says Obama's Refinancing-Plan Details Trouble Home Lenders
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By Jody Shenn - Thu Dec 08 19:35:44 GMT 2011 Bank of America Corp. (BAC), the largest mortgage servicer, said lenders will meet with the overseer of Fannie Mae and Freddie Mac to discuss last month's revamp of the federal Home Affordable Refinance ...
http://www.bloomberg.com/news/2011-12-08/bank-of-america-says-obama-s-refinancing-plan-details-trouble-home-lenders.html
http://www.bloomberg.com/news/2011-12-08/bank-of-america-says-obama-s-refinancing-plan-details-trouble-home-lenders.html
Posted on: December 9, 2011 at 1:06 am
0
votes
USA
US Banks Rally Late: Financial Winners
reply
By Philip van Doorn 12/07/11 - 04:34 PM EST NEW YORK (TheStreet) - Morgan Stanley (MS) was the winner among the largest US banks on Wednesday, with shares rising 5% to close at $17.34, after a late rally. Stocks rebounded late amid rumors of more ...
http://www.thestreet.com/story/11336325/1/sp-euro-bank-warning-deutsche-bomb-scare-financial-losers.html
http://www.thestreet.com/story/11336325/1/sp-euro-bank-warning-deutsche-bomb-scare-financial-losers.html
Posted on: December 8, 2011 at 1:05 am
0
votes
USA
Bank of America's Merrill Unit in Mortgage Settlement
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By AP Bank of America has agreed to pay $315 million to settle claims by investors that they were misled about mortgage-backed investments sold by its Merrill Lynch unit. The settlement was disclosed in court papers filed late Monday in Federal ...
http://www.nytimes.com/2011/12/07/business/bank-of-americas-merrill-unit-in-mortgage-settlement.html
http://www.nytimes.com/2011/12/07/business/bank-of-americas-merrill-unit-in-mortgage-settlement.html
Posted on: December 7, 2011 at 1:05 am
0
votes
USA
US Stocks Rise as Banks Gain on Europe's Moves to Tame Crisis
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JPMorgan Chase & Co. and Bank of America Corp. advanced at least 2.6 percent. MetLife Inc., the largest US life insurer, increased 3.7 percent after saying earnings will probably rise in 2012. Gannett Co., the owner of newspapers including USA Today, ...
http://www.businessweek.com/news/2011-12-05/u-s-stocks-rise-as-banks-gain-on-europe-s-moves-to-tame-crisis.html
http://www.businessweek.com/news/2011-12-05/u-s-stocks-rise-as-banks-gain-on-europe-s-moves-to-tame-crisis.html
Posted on: December 6, 2011 at 1:04 am
0
votes
USA
Financial Crisis Impact on Bank of America Valuation
reply
Did Recent Financial Crisis Negatively Affect the Worst Case Scenario Valuation for Bank of America? Our prior report on the downside risk to shares of Bank of America concluded the intrinsic value estimate under a worst-case scenario was $4.85 ...
http://www.gurufocus.com/news/154842/financial-crisis-impact-on-bank-of-america-valuation
http://www.gurufocus.com/news/154842/financial-crisis-impact-on-bank-of-america-valuation
Posted on: December 5, 2011 at 1:04 am
0
votes
USA
Exodus of bank customers into credit unions likely to slow
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By Sanjay Bhatt Six days a week, during the lunch hour, retiree Tom Behan protests in front of a Bank of America, Chase, Wells Fargo, Key Bank or US Bank branch. This one is on Pike Street between Fourth and Fifth avenues. He says he moved his funds to ...
http://seattletimes.nwsource.com/html/businesstechnology/2016910098_creditunions04.html
http://seattletimes.nwsource.com/html/businesstechnology/2016910098_creditunions04.html
Posted on: December 4, 2011 at 1:06 am
0
votes
USA
Some Bank of America signs disappear from Wabash Avenue bridge houses
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The Bank of America signs that were plastered onto the Wabash Avenue Bridge were the first products of Mayor Rahm Emanuel's plan to raise $25 million by selling ads on all types of city property. If B of A paid to have the advertising, they deserve to ...
http://www.chicagotribune.com/business/breaking/chi-some-bank-of-america-signs-disappear-from-wabash-avenue-bridge-20111202,0,7714382.story
http://www.chicagotribune.com/business/breaking/chi-some-bank-of-america-signs-disappear-from-wabash-avenue-bridge-20111202,0,7714382.story
Posted on: December 3, 2011 at 1:05 am
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votes
USA
Austin woman sues Bank of America over foreclosure procedures
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By Barry Harrell An Austin woman filed suit Thursday against Bank of America Corp., alleging the company fraudulently sought to foreclose on her home. The suit claims that the bank wrongly invalidated a loan modification agreement because it wasn't ...
http://www.statesman.com/business/austin-woman-sues-bank-of-america-over-foreclosure-2007435.html
http://www.statesman.com/business/austin-woman-sues-bank-of-america-over-foreclosure-2007435.html
Posted on: December 2, 2011 at 1:05 am
0
votes
USA
US Banks Rally As Central Banks Move To Calm Markets
reply
By David Benoit and Matthias Rieker Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--The coordinated attempt by central banks to increase the liquidity of dollars in the global financial markets eased overhanging concerns about US banks, even as the move ...
http://online.wsj.com/article/BT-CO-20111130-713809.html
http://online.wsj.com/article/BT-CO-20111130-713809.html
Posted on: December 1, 2011 at 1:06 am
0
votes
USA
Asian Stocks Decline as S&P Cuts US Banks' Credit Ratings
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30 (Bloomberg) -- Asian stocks fell after Standard & Poor's reduced credit ratings for lenders including Bank of America Corp., Goldman Sachs Group Inc. and Citigroup Inc. as Europe's debt crisis cuts the global earnings outlook. ...
http://www.businessweek.com/news/2011-11-30/asian-stocks-decline-as-s-p-cuts-u-s-banks-credit-ratings.html
http://www.businessweek.com/news/2011-11-30/asian-stocks-decline-as-s-p-cuts-u-s-banks-credit-ratings.html
Posted on: November 30, 2011 at 1:05 am
0
votes
USA
Banks, MBIA in talks to settle legal dispute: report
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Seven big banks, including Bank of America and Morgan Stanley are suing over the split of MBIA's municipal bond business from its structured-finance operations, which suffered big losses from insuring mortgage debt. ...
http://www.reuters.com/article/2011/11/29/us-mbia-lawsuit-idUSTRE7AS0C220111129
http://www.reuters.com/article/2011/11/29/us-mbia-lawsuit-idUSTRE7AS0C220111129
Posted on: November 29, 2011 at 1:04 am
0
votes
USA
Bond Dealers See Fed Buying $545 Billion of Home-Loan Debt in Third Easing
reply
“We need to see a bottom in home prices,” said Shyam Rajan, an interest-rate strategist in New York at Bank of America Corp., a primary dealer, in a Nov. 22 telephone interview. “These are not numbers that are going to get down your unemployment rate,” ...
http://www.bloomberg.com/news/2011-11-27/bond-dealers-see-fed-buying-545-billion-of-home-loan-debt-in-third-easing.html
http://www.bloomberg.com/news/2011-11-27/bond-dealers-see-fed-buying-545-billion-of-home-loan-debt-in-third-easing.html
Posted on: November 28, 2011 at 1:06 am
0
votes
USA
US Company Credit Risk Rises to 7-Week High on Europe Crisis
reply
25 (Bloomberg) -- A benchmark gauge of US company credit risk is poised to rise for the fourth week as Italy's borrowing costs surged, fueling concern that Europe's fiscal crisis is intensifying. The cost to protect Bank of America Corp. debt increased ...
http://www.businessweek.com/news/2011-11-26/u-s-company-credit-risk-rises-to-7-week-high-on-europe-crisis.html
http://www.businessweek.com/news/2011-11-26/u-s-company-credit-risk-rises-to-7-week-high-on-europe-crisis.html
Posted on: November 27, 2011 at 1:04 am
0
votes
USA
U.S. Workers' Sliding Share of Pay Poses Consumer Spending Risk: Economy
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16 (Bloomberg) -- Michelle Meyer, senior US economist at Bank of America Merrill Lynch, talks about consumer inflation. She speaks with Mark Crumpton on Bloomberg Television's "Bottom Line." (Source: Bloomberg) Income gains in the US are slowing and ...
http://www.bloomberg.com/news/2011-11-25/u-s-workers-sliding-share-of-pay-poses-consumer-spending-risk-economy.html
http://www.bloomberg.com/news/2011-11-25/u-s-workers-sliding-share-of-pay-poses-consumer-spending-risk-economy.html
Posted on: November 26, 2011 at 1:04 am
0
votes
USA
Bank of America Corp Updates - Decreased its stake in the Adamus Resources Limited
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Bank of America Corp (NYSE:BAC). Last Market Price: 5.14, Change: -0.23, % Change: (-4.28%). Shares trade in the range of 5.13 - 5.31 dollars. It has a market capitalization of 52.10B dollars, making it a Large Cap Stock and has 10.14B outstanding ...
http://www.beaconequity.com/smw/15684/Bank-of-America-Corp-Updates-Decreased-its-stake-in-the-Adamus-Resources-Limited
http://www.beaconequity.com/smw/15684/Bank-of-America-Corp-Updates-Decreased-its-stake-in-the-Adamus-Resources-Limited
Posted on: November 25, 2011 at 1:04 am