By Greg Morcroft
U.S. financial shares fell broadly Wednesday, pulling back after an influential
Oppenheimer & Co. analyst said that banks will need to raise lots of additional
capital this year - and likely will face further credit downgrades as a result.
“From July 2007 to date, over $5 trillion worth of securities have been
downgraded, but [...]
Posted Oct 15th 2008 10:20AM by Peter Cohan
Filed under: Citigroup Inc. (C), JPMorgan Chase (JPM), Bank of America (BAC), Amer Intl Group (AIG), Financial Crisis
The financial crisis is not over. If things were back to normal, banks would be lending to each other and to businesses and individuals. But measures of bank lending risk [...]
LONDON (MarketWatch) — This week’s global stock plunges have been sharp and
severe, but they’re not “the one.”
As U.S. Treasury Secretary Hank Paulson must have been praying, the markets have
withstood the collapse of Lehman Brothers (LEH) and the forced sale of Merrill
Lynch (MER), at least for now.
Yes, American International Group Inc. (AIG) is tottering, and plenty [...]
Merrill Lynch agrees to $50 billion bid from B of A
Wary of the global financial storm, firm accepts $29-share all-stock proposal
By MarketWatch
Last Update: 9/15/2008 9:49:00 AM
NEW YORK (MarketWatch) — Merrill Lynch & Co., navigating in a global financial
storm, agreed to be bought by Bank of America Corp. in an all-stock deal the
companies valued at $50 [...]
Buffet’s Berkshire doubles Union Pacific stake
By Sam Mamudi, MarketWatch
Last Update: 8/15/2008 10:03:00 AM
NEW YORK (MarketWatch) — The investment vehicle of legendary investor Warren
Buffet increased its stake in transport outfit Union Pacific Corp. by almost
double in the second quarter.
Berkshire Hathaway also added stakes in Bank of America Corp. (BAC), Lowe’s Cos.
(LOW) and NRG Energy Inc. (NRG), [...]
Bank Of America On Two-Day Slide, Down On Mortgage, Legal Woes
Last Update: 8/13/2008 2:31:07 PM
By Marshall Eckblad
Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)–Shares of Bank of America Corp. (BAC) are having a bad
week.
And it’s only Wednesday.
Investors have headed for Bank of America’s exits over the last few days, pushing
the Charlotte bank’s shares [...]
Merrill Lynch: Countrywide Losses Likely $10B-$12B -CNBC
Last Update: 6/4/2008 10:05:12 AM
DOW JONES NEWSWIRES
Merrill Lynch & Co (MER) said Countrywide Financial Corp.’s (CFC) cumulative
losses are likely to rise to between $10 billion to $12 billion, CNBC reported
Wednesday. The losses will force similar mark-to-market writedowns for buyer Bank
of America Corp. (BAC), said Merrill. Merrill Lynch kept its [...]
SEC: Bank Of America Registration For Countrywide ‘Effective’
Last Update: 5/29/2008 7:11:03 AM
DOW JONES NEWSWIRES
The Securities and Exchange Commission said Thursday it declared effective a
registration of 132.8 million shares of Bank Of America Corp. (BAC) to be issued
under the company’s proposed merger with Countrywide Financial Corp. (CFC).
Earlier this year, Bank of America agreed to purchase troubled [...]
Countrywide Holders To Vote On BofA Merger June 25 >BAC CFC
Last Update: 5/28/2008 4:09:48 PM
DOW JONES NEWSWIRES
Countrywide Financial Corp. (CFC) will hold a special meeting of stockholders on
June 25 to vote on the proposed merger with Bank of America Corp. (BAC).
The record date for the special meeting is April 28, according to a filing
Wednesday with [...]
Bank Of America To Buy 6B China Construction Bank H-Shrs
Last Update: 5/27/2008 8:23:53 AM
DOW JONES NEWSWIRES
Bank of America Corp. (BAC) plans to exercise part of the option it has to buy
more common shares of China Construction Bank Corp. (CICHF).
The company, of Charlotte, said the option would be exercised under an agreement
Bank of America has with [...]
BofA Mulling Options For Disposition Of Some Countrywide Debt
Last Update: 5/1/2008 9:59:53 AM
DOW JONES NEWSWIRES
Bank of America Corp. (BAC) said Thursday that in connection with its proposed
merger with Countrywide Financial Corp. (CFC), it is evaluating alternatives for
the disposition of the remaining debt of the troubled mortgage lender.
Countrywide had outstanding debt of about $97.23 billion at [...]
Bank Of America $4B Perpetual Hybrid Yields 8.125%
Last Update: 4/24/2008 3:41:52 PM
NEW YORK (Dow Jones)–Bank of America Corp. (BAC) priced $4 billion of Tier I
capital hybrid debt in a self-led deal Thursday, according to market participants
familiar with the deal. Terms were as follows:
Amount: $4 billion
Maturity: [...]
Moody’s downgraded the long term senior debt (to Aa2 from Aa1) of Bank of America Corporation and placed a negative rating outlook on the company. At the same time, Moody’s lowered the bank financial strength rating of Bank of America to A- from A, also with a negative outlook, but affirmed the bank’s Aaa rating [...]
Bank Of America Discontinues Pvt Student Loan Practice
Last Update: 4/17/2008 3:07:55 PM
DOW JONES NEWSWIRES
Bank of America Corp. (BAC) discontinued its private student loan products, but
the company said it will still provide government-backed student loans.
The Charlotte commercial bank said the products accounted for less than 15% of
the total $6 billion in student loans funded by the [...]
Crude oil gains, boosted by dollar weakness
Stock market obviously will have a hard time as WB release its disappointing quarter result.
Put buy limit order of AUY @$14.00 even I know the gold price will eventually go higher.
()
Put buy limit order of NVDA @ 17.91. NVDA is a good one to own.
(bought)
Prepare to buy ABK, [...]
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