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
Bank of America Reaches Agreement to Sell Approximately 10.4 Billion Shares of China Construction Bank; Expects Pretax Gai
CHARLOTTE, N.C.--(BUSINESS WIRE)-- Bank of America Corporation announced today that it has agreed to sell approximately 10.4 billion common shares of China Construction Bank Corporation (CCB) through
Yucheng Adds New Members to Its Board
BEIJING, Nov. 14, 2011 /PRNewswire-Asia-FirstCall/ – Yucheng Technologies Limited (NASDAQ: YTEC) today announced it has added three new members, Mr. Yingjun Li, Mr. Zhengong Chang, and Ms. Ning Jia,
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
Looking Forward to Trade Finance 2011
-- Innovation and Facilitation with Cross-Border Settlement SurgesSHANGHAI, Sept. 6, 2011 /PRNewswire-Asia/ -- The Trade Finance 2011 Summit will be held in Shanghai, 17-18 November, 2011. This time,
The Zacks Analyst Blog Highlights: Bank of America, Berkshire Hathaway, The Blackstone Group, Toronto-Dominion and BlackRock
CHICAGO, Aug. 30, 2011 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting
Bank of America sells most of CCB shares
Brian Moynihan has been adamant that Bank of America will not need to punish common shareholders by issuing more shares to raise Tier 1 capital, claiming that the troubled bank has plenty of assets
Bank of America Agrees to Sell 13.1 Billion Shares of China Construction Bank
Sale Expected to Generate $8.3 Billion in Cash Proceeds and Improve Tier 1 Common Capital Under Basel I by $3.5 Billion Bank of America Retains a 5 Percent Stake in CCB In August, Bank of America Has
BNY Mellon Awarded Global Custody Mandate for New QDII Fund
Product innovation and diversity key to future growth of the QDII marketBEIJING, Aug. 17, 2011 /PRNewswire/ -- BNY Mellon, the global leader in investment management and investment services, has been
Bank of America might ponder Merrill Lynch sale
It's no secret that Bank of America (NYSE:BAC) is weighing more asset sales to shore up its capital position ahead of new capital rules from Basel III. But how far will it go? Few would be surprised
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