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The Philadelphia Business Journal (Free subscription) | 10/10/2008
Three years after arriving in the Philadelphia retail banking market, Bank of America appears to have made some headway, according to data released by the Federal Deposit Insurance Corp. Thursday. (C) (WB) (PNC) (SOV)
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Reuters UK (Free subscription) | 10/10/2008
NEW YORK (Reuters) - Merrill Lynch & Co may have had to seek refuge from the credit maelstrom in a takeover by Bank of America Corp , but it has still managed in recent days to lure some key brokers, some from rival firms that have been hit even harder by the downturn.
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24/7 Wall St. (Free subscription) | 10/10/2008
A few days ago, it would have been nearly impossible to believe that the deals for Bank of America (BAC) to buy Merrill Lynch (MER), for Mitsubishi UFJ to buy... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
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The Irish Times (Free subscription) | 10/10/2008
THE HIGH Court has ordered the examination here of an Irishman and former employee of Bank of America described as a "crucial witness" in US court proceedings by Allied Irish Banks plc against Bank of America and Citibank over $691 million (€507 million) losses incurred as a result of the activities of rogue trader John Rusnak.
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Market Watch (Free subscription) | 10/09/2008
BOSTON (MarketWatch) -- Ladenburg Thalmann analyst Richard Bove on Thursday cut his target price on Bank of America Corp. shares to $29 from $37, and also lowered his profit outlook for the company. "A big retail bank like Bank of America simply cannot function well in an environment like this," he wrote in a research note. "It will experience an increase in its loan losses across the board and this...
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Market Watch (Free subscription) | 10/09/2008
BOSTON (MarketWatch) -- Analysts at Robert W. Baird and Co. on Thursday upgraded Bank of America Corp. shares to outperform from neutral. "We believe recent weakness in the stock was overdone, and has provided an attractive entry point," they wrote in a report to clients. "While near-term results will remain challenging, we believe the company's longer-term earnings power remains strong, and the recent...
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Financial Time (Free subscription) | 10/08/2008
Substantial premium for investors in all-share deal reduced by a third as capital-raising hits Bank of America's stock
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USA Today (Free subscription) | 10/08/2008
Bank of America has agreed to buy back as much as $4.7 billion in auction-rate securities to settle charges that it misled thousands ...