1) Ford bankruptcy or bailout
2) GM bankruptcy or bailout
3) Bank of America bankruptcy or bailout
4) JP Morgan Chase bankruptcy or bailout
5) Wells Fargo bankruptcy or bailout
6) California bankruptcy or bailout
7) fill in the blank, maybe Prudential bankruptcy or bailout
Florida bankruptcy or bailout.
9) Goldman Sachs bankruptcy or bailout
This list is going to [...]
Treasury plans to take equity positions by mobilizing funds from $700 billion bailout package.
Citigroup $25 billion
J.P. Morgan $25 billion
Bank of America $12.5 billion
Merrill Lynch [...]
NEW YORK (MarketWatch) — Standard & Poor’s Equity Research on Friday downgraded
shares of Bank of America Corp. to sell from hold amid worries about the mortgage
portfolio the bank will inherit when it acquires lender Countrywide Financial
Corp. on July 1. “We take unfavorable note of the large Countrywide
option-adjustable rate mortgage portfolio that Bank of America will [...]
S&P affirmed its ‘AA-/A-1+’ credit rating on Citigroup Inc. and its ratings on Citigroup’s units. Standard & Poor’s also said that it removed all these ratings from CreditWatch, where they were placed on April 15, 2008, with negative implications. The outlook on all these companies is negative. “Despite the challenges facing Citigroup over the next [...]
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 [...]
America Movil Cut To Hold From Buy By Deutsche Bank >AMX
Last Update: 4/25/2008 1:02:31 PM
(MORE TO FOLLOW) Dow Jones Newswires
April 25, 2008 13:02 ET (17:02 GMT)
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“Lyin’ Bankers, Meet Mathematics” By Karl Denninger
Citing quarterly [...]
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 [...]
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