24/7 Wall St. (Free subscription) | 7 hours ago
If the rumor mill is accurate, it seems that Citigroup Inc. (NYSE: C) may get to beat Wells Fargo & Co. (NYSE: WFC) in the race to exit the TARP in the catch-up game to Bank of America Corporation (NYSE: BAC). It seems every TARP borrower wants out from under such strict government control on [...]
BloggingStocks (Free subscription) | yesterday
Filed under: Citigroup Inc. (C) , Bank of America (BAC) , Federal Reserve , Financial Crisis Upcoming financial service reforms led by U.S. Rep. Barney Frank, D-Massachusetts and chairman of the House Financial Services Committee, are likely to address, among other concerns, one longstanding flaw in the U.S. financial system -- the 'too big to fail' condition. Further, while it is appropriate to empower...
PR News Wire (Free subscription) | 12/07/2009
CHARLOTTE, N.C., Dec. 7 /PRNewswire/ -- Bank of America Corporation today announced it will present fourth quarter and full-year 2009 financial results on Wednesday, January 20, 2010 at 9:30 a.m. EST. The live webcast, accompanying presentation and other earnings-related information will be available through the Bank of America Investor Relations Web site at http://investor.bankofamerica.com.
24/7 Wall St. (Free subscription) | 12/04/2009
Bank of America Corporation (NYSE: BAC) was all over the news for repaying the TARP and for its huge $15.00-equivalent stock offering of more than $19 billion. The S&P rebalance helped Bank of America to see near-record trading volume in shares. This may be record trading volume on a dollar-for-dollar basis. Yesterday’s 648 million shares [...]
PR News Wire (Free subscription) | 12/04/2009
CHARLOTTE, N.C., Dec. 3 /PRNewswire/ -- Bank of America Corporation today announced the pricing of its offering of 1.286 billion common equivalent securities.
iStockAnalyst.com (Free subscription) | 12/03/2009
Bank of America Corporation (BAC) said on Wednesday that in a few days it will repay the entire $45 billion of bailout money it has received from the government for its participation in the Troubled Asset Relief Program (TARP) at the height of the credit crisis last year and after its purchase of Merrill Lynch & Co. earlier this year. [More...]
24/7 Wall St. (Free subscription) | 12/02/2009
Bank of America Corporation (NYSE: BAC) is going to soon be out of the TARP. The report was first out by CNBC’s Charlie Gasparino right after 5 PM that Bank of America is about to do a large capital raise to exit out of the TARP. The the Wall Street Journal reported that Bank of [...]
iStockAnalyst.com (Free subscription) | 11/27/2009
Bank of America Corporation (BAC) said on Nov 24 that it has lent and invested more than $1 billion to over 120 Community Development Financial Institutions (CDFIs) in 37 states. [More...]
Business Wire (Free subscription) | 11/10/2009
NEWARK, Del.--(BUSINESS WIRE)--PicksThatMove is pleased to bring investors special situation stocks which have a high potential for price appreciation. These companies have interesting business models and they have to execute on the business development level to bring value to shareholders. Some of our past picks had soared over 200%. To view some of our profiled stocks, please visit our website at...
Business Wire (Free subscription) | 11/05/2009
CHICAGO--(BUSINESS WIRE)--(This is an amendment to the release of Nov. 2, 2009. It corrects the long-term deposit rating of Bank of America Rhode Island N.A. to `AA-' from `A+' and corrects the withdrawn rating of Merrill Lynch Bank & Trust Co. FSB long-term deposits to `AA-' from `A+'.) Bank of America Corporation (BAC) has undertaken a reorganization of some of its bank subsidiaries. Bank of...
Business Wire (Free subscription) | 11/02/2009
CHICAGO--(BUSINESS WIRE)--Bank of America Corporation (BAC) has undertaken a reorganization of some of its bank subsidiaries. Bank of America Rhode Island N.A. (BANA-RI) has begun to hold deposits of external customers. At the same time, Merrill Lynch Bank & Trust Co. FSB (ML-FSB) has been merged into Bank of America N.A. As a result of the decision to hold deposits at BANA-RI, Fitch has affirmed...
PR News Wire (Free subscription) | 10/27/2009
CHARLOTTE, N.C., Oct. 27 /PRNewswire/ -- Bank of America Corporation Chief Executive Officer and President Kenneth D. Lewis will participate in the Bank of America Merrill Lynch Banking and Financial Services Conference at 8 a.m. EST on Tuesday, November 10, 2009 in New York City. The webcast presentation will be accessible through the Bank of America Investor Relations Web site at http://investor.bankofamerica.com....
PR News Wire (Free subscription) | 10/26/2009
FORT LAUDERDALE, Fla., Oct. 26 /PRNewswire/ -- The law firm of Securities Fraud Attorney Mark A. Tepper has filed claim against Banc of America Investment Services, Inc., a brokerage firm operating in Florida and located inside branches of Bank of America Corporation.
BloggingStocks (Free subscription) | 10/22/2009
Filed under: Bank of America (BAC) There was no secret that Bank of America Corporation (NYSE: BAC ) wanted to sell First Republic. And so today the deal was announced : BofA got more than $1 billion from a consortium of private equity operators. They include General Atlantic LLC and Colony Capital. Continue reading BofA unloads First Republic for $1 billion BofA unloads First Republic for $1 billion...
PR News Wire (Free subscription) | 10/21/2009
CHARLOTTE, N.C., Oct. 21 /PRNewswire-FirstCall/ -- Bank of America Corporation today announced it has signed a definitive agreement to sell First Republic Bank to a number of investors, led by First Republic's existing management, and including investment funds managed by Colony Capital, LLC and General Atlantic LLC.
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