Bank of America news from FierceFinance
NewsALSO NOTED: Goldman Sachs, Morgan Stanley estimates cut again; Countrywide must face shareholder suit; and much more...
Company News:> Bullishness on Franklin Resources. Article > Read more...
Are prime consumers the next big worry for banks?
We've spoken ad nauseum about the risks of subprime debts that have filtered through the financial system in many surprising ways. But a lot of prime borrowers have been silently struggling through Read more...
ALSO NOTED: Blackstone adds to Asian hedge fund lineup; Wachovia to review controls; and much more...
Company News:> Former Bank of America exec extradited. Article > JPMorgan to cut 4,000 jobs. Read more...
ALSO NOTED: Citigroup may sell Japanese consumer finance unit; Morgan Stanley closes infrastructure fund; and much more...
Company News:> Morgan Stanley closes infrastructure fund. Article > More on Read more...
Should Bank of America walk away from Countrywide?
MarketWatch notes that Countrywide is a bad position. Basically, its debts exceed its assets. Negative equity, of course, doesn't exactly speak well for the mortgage giant's future. Of immediate Read more...
ALSO NOTED: Fitch puts Countrywide on evolving credit watch; Bank of America ready to integrate LaSalle; and much more...
Company News:> Interactive Brokers Group to sell shares in Dutch auction. Article > Fitch puts Read more...
ALSO NOTED: Banks face 40 percent drop in earnings; Bank of America getting cold feet on Countrywide; and much more...
Company News:> Bank of America getting cold feet on Countrywide. Article> Thomas Read more...
ALSO NOTED: Richard Bove bullish on many banks; Court aproves gender suit settlement at Citigroup; and much more...
Company News: > Citi Investment Research analyst bullish on Lehman Brothers. Article > Microsoft to announce Read more...
Banks binge on preferred shares
Financial services firms have raised $54.7 billion this year, compared with $25.3 billion at the comparable point last year (Dealogic). Bank Read more...
ALSO NOTED: Bear Stearns shareholders to vote on JP Morgan offer May 29; UBS to lay off 8,000?; and much more...
Company News: > BNY Mellon buys rest of BNY Trust Australia. Article > UBS to lay off 8,000? Read more...
| Press ReleasesBank of America Names Milton Jones and Charles Bowman to New Market Leadership RolesCHARLOTTE, N. C., Sept. 26 /PRNewswire/ -- Bank of America Market President Executive Walter Elcock today announced new market leadership roles for Finance Services Executive Milton Jones and Global Read more... Bank of America Names Bill Carey to Lead Business Retirement SolutionsBOSTON, Sept. 19 /PRNewswire/ -- Bank of America today announced the appointment of Bill Carey as national executive of Business Retirement Solutions. In this role, Carey will oversee the development Read more... Bank of America Unveils Special Mortgage Refinance OfferGreat Rate Refi Event offers reduced interest rate or discount opportunity for refinance customers looking for confidence in their lender CHARLOTTE, N.C., Sept. 17 /PRNewswire/ -- Bank of America Read more... |