Tag:
capital raise
Latest Headlines
Latest Headlines
Bank of America wraps up asset sales
Bank of America's efforts to raise capital and stay in line with Federal Reserve expectations on Basel III compliance was driven in large part by robust sales of non-core assets.
When people pressed executives about the likelihood of a massively dilutive sale of common shares, their answer usu
Bank of America capital efforts weigh on stock
Bank of America has once again tested its post-financial crisis lows, continuing its flirtation with penny stock status.
The stock has yet to break through the $5 a share support level, but no one would be all that surprised if it did. It's unclear what is motivating Mr. Market today. It may b
Bank of America may be forced to increase shareholder dilution
Bank of America CEO Brian Moynihan may have to eat his own words.
He has been adamant that the bank would be able to satisfy its Basel III and other capital needs without resorting to a dilutive capital raise. He has certainly been trying to remain a man of his word, selling noncore assets ag
Bank of America sheds shares of CCB
Bank of America has announced it will sell 10.4 billion common shares in China Construction Bank Corporation (CCB), virtually its entire stake, to private investors. The deal will generate nearly $3 billion in Tier 1 capital over time and an after-tax gain of approximately $1.8 billion.
The sa
Bank of America: capital looms as a huge issue
Bank of America has steadfastly maintained that it is in decent position regarding Basel III capital requirements.
CEO Brian Moynihan has further said that a large capital raise would not be necessary because the bank could raise enough capital via retained earnings and asset sales. The decisi
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
Market forcing Bank of America into a capital raise?
Brian Moynihan has been loud and clear on this: Bank of America does not need a capital raise. After all, the troubled bank has a lot of non-core assets to sell, which it surely will. The list of non-core assets does not include Merrill Lynch. But will the market force Bank of America into a dras
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
Stress tests: High stakes showdown
There's a lot riding on the stress tests that are going on at big banks. Despite the encouraging words and memos from Citigroup CEO Vikram Pandit and Bank of America CEO Ken Lewis, it's unclear if the banks will pass. Lots of people think they will need additional capital. One estimate, according
Who's paying the most for capital?
The capital raising frenzy that Wall Street embarked on this year has been nothing short of phenomenal, Breakingviews notes that the capital raises took various forms--"an elaborate concoction of preference shares, warrants, convertible bonds, ratchets, cap-and-collars and other innovative ins
