Tag:
Capital Position
Latest Headlines
Latest Headlines
Banks poised to return capital
As 2011 ended, we unfortunately grew accustomed to a steady stream of bad news about the banking industry. But in reality, this was primarily a big bank phenomenon.
By one measure, the rest of the industry fared well. For example, lots of regional banks shored up their capital enough to in
Bank of America exchange plans knocks stock
The news that Bank of America was planning to issue about 400 million common shares, which will be exchanged for preferred shares, did not go over all that well.
The stock tanked. CEO Brian Moynihan has consistently said that the bank did not need to issue common stock to meet its capital requ
Did Bank of America blunder in the HCA sale?
Bank of America has been in a frenzy to unload assets and shore up its capital position, in part to undermine the market perception that it faces some sort of shortfall.
Most recently, it agreed to unload about $880 million in commercial mortgages at a roughly 20 to 25 percent discount to face
More on the likelihood of a capital raise at Bank of America
Bank of America's capital conundrum boils down to ability to raise enough capital to satisfy looming Basel III requirements. It wants to do this without resorting to issuing additional common shares, which would spark outrage among existing shareholders, who understandably fear the dilutive earnin
The myth of a falling stock price factors in Bank of America vs. blogs battle
You know a bank is on the defensive when it responds to a popular blogger in a manner that falls short of professionalism while nevertheless making some good points. Is this a sign that it has lost control of its press?
According to a recent Bank of America statement (as reported by the m
Bank of America assets sales get underway
Bank of America CEO Brian Moynihan in recent days has indicated that he is bent on selling more noncore assets in order to stave off either a massively dilutive capital raise or a sale of a true crown jewel, like Merrill Lynch.
In the most recent deal, Bank of America has agreed to sell the Ca
Is a capital raise likely at Bank of America?
Bank of America CEO Brian Moynihan has been adamant that the bank will not have to issue common shares to shore up its capital position. He couldn't have made this point more emphatically. With that said, there are still plenty of skeptics.
Bloomberg has highlighted the views of Edward Naj
Bank of America might sell shares of Chinese bank
Is Bank of America planning to sell off more assets to help shore up its capital position, in part by creating funds with which it could pay off mounting legal bills?
It's a fair question in light of Bank of America's ( NYSE:BAC ) recent announcement that it will sell its remaining stake in
Stress tests for banks not so stressful?
On the surface, a lot is riding on the "stress tests" the top banks are undergoing at the behest of the Federal Reserve, which would like to make the results known sometime this month. Most assume banks that do not pass will not be able to pare their capital bases to hike their dividends, which m
Bank of America hikes goodwill impairment charge
Lots of people are questioning whether Bank of America has won or lost with ex-CEO Ken Lewis' purchase of Countrywide. The Merrill Lynch deal has also been debated. But have things deteriorated so much in the credit and debit card industry that it's now time to question the worth of yet another Le
