A Bank of America (NYSE:BAC) survey of fund managers around the world for the month of March revealed they are starting to believe in equities again and are looking to the United States more than Europe as the place to invest their capital.
The survey also found the fund managers are looking to get better returns [...]
All Posts Tagged With: "Bank of America"
Bank of America (NYSE:BAC) Survey Shows Fund Managers Moving Back into Equities
Report: Bank Of America (NYSE: BAC) Aims To Grow Business In China
Bank of America (NYSE: BAC) is looking to expand its business operations in China, according to recent reports. The largest U.S. bank, based on assets, inherited a well established Asian investment banking business from Merrill Lynch when it acquired the bank.
According to a report by the Wall Street Journal, Bank of America is pondering the [...]
IPO Market Hot This Week for Bank of America (NYSE:BAC) and Wells Fargo Corp. (NYSE:WFC), JPMorgan Chase & Co. (NYSE:JPM) and Morgan Stanley (NYSE:MS)
The big banks are enjoying a good week for IPOs, as almost all of them were involved with two ocean shipping companies – Baltic Trading and Crude Carriers, and also health sciences company Aveo Pharmaceuticals, Bank of America (NYSE:BAC) and Wells Fargo Corp. (NYSE:WFC), JPMorgan Chase & Co. (NYSE:JPM) and Morgan Stanley (NYSE:MS) all partook [...]
March 12th, 2010 | Gary | Comments | Continued
Bank of America (NYSE:BAC) Adds 8,000 More to Modified Mortgage List
Bank of America (NYSE:BAC) has increased the number of customers it added to their list of those they will modify their mortgages with under the Home Affordable Modification Program (HAMP), according to its latest month.
“We are in a position to show strong results in completion of permanent HAMP modifications as we move into spring,” according [...]
Bank of America (NYSE:BAC) Attorneys Pay Legal Fees for Cabi Downtown Lawyers After Judge Criticizes Them
Although they weren’t required to do it, attorneys for Bank of America (NYSE:BAC) decided to voluntarily pay the legal fees of their opposing lawyers in the Cabi Downtown case, where the judge state they were attempting to only “score a litigation point” in the foreclosure case to decide the future of the property.
Judge Laurel Myerson [...]
SEC Charges Stock Loan Trader For Defrauding Morgan Stanley (NYSE: MS) And Bank Of America (NYSE: BAC)
The Securities and Exchange Commission filed charges against a former New York stock loan trader who was employed at Morgan Stanley (NYSE: MS) and Bank of America (NYSE: BAC) for periods of time. The suit claims Salvatore Zangari received kick-backs in excess of $100,000 in exchange for sending stock loan orders to brokerage firms that [...]
March 10th, 2010 | mitch | Comments | Continued
Shareholder Approval for Prudential Plc Buying AIG Unit not a Surety, Says Bank of America (NYSE:BAC) Analyst
According to Bank of America (NYSE:BAC) analyst Blair Stewart, the attempt by Prudential Plc to acquire an Asian unit of American International Group is not a guarantee at this time, as it’s possible shareholder approval may be withheld in the $20 billion rights offer for AIA Group Ltd.
In a note to clients, Stewart stated that [...]
JPMorgan (NYSE:JPM), Citicorp (NYSE:C), Bank of America (NYSE:BAC) and Morgan Stanley (NYSE:MS) Sued by Tribune Bondholders
Bondholders of Tribune, in connection to the Chapter 11 bankruptcy case, have sued JPMorgan (NYSE:JPM), Merrill Lynch Capital Corp.,Citicorp (NYSE:C), Bank of America (NYSE:BAC) and Morgan Stanley (NYSE:MS) over the financing of the buyout of the company in 2007.
The financing of Tribune by the financial institutions led to the leveraged buyout of Tribune in 2007, [...]
Bank of America Corp. (NYSE:BAC), JPMorgan Chase & Co. (NYSE:JPM), Wells Fargo & Co. (NYSE:WFC) and Citigroup Inc. (NYSE:C) Buying Back $21 Billion in Home Loans
Fannie Mae and Freddie Mac are reportedly going to force Bank of America Corp. (NYSE:BAC), JPMorgan Chase & Co. (NYSE:JPM), Wells Fargo & Co. (NYSE:WFC) and Citigroup Inc. (NYSE:C) ot buy back up to $21 billion in residential mortgages in 2010 in response to what they consider mortgages which shouldn’t have been made in the [...]
March 5th, 2010 | Gary | Comments | Continued
Bank of America (NYSE:BAC) Sells Warrants for $1.57 Billion
Auctioning off the warrants from the TARP bailout funds netted Bank of America $1.57 billion, making it the largest auction of these types of securities ever partaken in by the Treasury Department.
There were two groupings of warrants, appropriately named Group A and Group B Warrants. The Treasury said today that the Group A warrants sold [...]
Increased Shorting of Bank of America (NYSE:BAC) and Citigroup (NYSE:C) on Treasury Auctioning Warrants
There can be no doubt the recent interest in shorting Bank of America (NYSE:BAC) and Citigroup (NYSE:C) has come from the upcoming auction of warrants in the companies from the Treasury Department.
When these banks, and others, received Troubled Asset Relief Program (TARP) funds, warrants were issued by the banks to the Treasury to buy shares [...]
Discover Card just told me that they are not allowing any balance transfers on any accounts right now. 
Does everyone realize that Citibank owns almost all the credit card divisions of gas card companys and dept. stores including ...
I thought the goal was to increase capital, who would want to lend in this environment of 10% unemployment and ...