International Business News - Bank of America http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Bank of America Corp has struck a deal to sell a long-term asset management business, part of its Columbia Management division, to Ameriprise Financial Inc for about $1 billion. http://www.ibtimes.com/data/articleimgs/221417-.jpg http://www.ibtimes.com/articles/20090930/updatebofa-sell-asset-management-unit-forbln.htm http://www.ibtimes.com/articles/20090930/updatebofa-sell-asset-management-unit-forbln.htm Wed, 30 Sep 2009 08:40:43 EDT Bank of America said on Friday that three more directors have decided to leave its board bringing the number of exits this year to 10. http://www.ibtimes.com/articles/20090731/bank-america-loses-anotherdirectors.htm Fri, 31 Jul 2009 17:56:58 EDT Bank of America Corporation announced Wednesday it was “well on its way” to reaching the $33.9 billion indicated Supervisory Capital Assessment Program (SCAP) buffer set by the Federal Reserve after it raised almost $26 billion to date. http://www.ibtimes.com/data/articleimgs/214235-.jpg http://www.ibtimes.com/articles/20090527/bank-america-lsquo-well-on-its-way-rsquo-reach-33bln-fed-buffer.htm http://www.ibtimes.com/articles/20090527/bank-america-lsquo-well-on-its-way-rsquo-reach-33bln-fed-buffer.htm Wed, 27 May 2009 08:56:30 EDT Some of the U.S. banking giants have been ordered to find additional capital by regulators to protect themselves in the event of a severe economic downturn. http://www.ibtimes.com/data/articleimgs/213215-.jpg http://www.ibtimes.com/articles/20090506/bofa-wells-fargo-citi-capital.htm http://www.ibtimes.com/articles/20090506/bofa-wells-fargo-citi-capital.htm Wed, 06 May 2009 23:24:27 EDT On Tuesday an activist Bank of America Corp investor said he expects shareholders to demand that Chief Executive Kenneth Lewis give up his job as chairman. http://www.ibtimes.com/articles/20090416/bank-america-chief-executive-kenneth-lewis-exit-johnathan-finger.htm Thu, 16 Apr 2009 18:30:13 EDT On Monday Citigroup Inc's and Bank of America Corp's shares saw a very positive rise and both banks expect to report first quarter profits in the same line as what was forecast last week by Wells Fargo & Co. http://www.ibtimes.com/articles/20090413/citi-bank-america-shares-rise-wells-fargo.htm Mon, 13 Apr 2009 20:26:37 EDT About 250-300 employees at fraud-hit Indian outsourcer Satyam Computer Services are joining Bank of America the Business Standard newspaper said on Wednesday. http://www.ibtimes.com/articles/20090401/about-300-satyam-staff-join-bank-america-report.htm Wed, 01 Apr 2009 10:00:07 EDT On Wednesday U.S. stocks continued their rise after being boosted by banks renewing investor hopes in the financial sector. http://www.ibtimes.com/articles/20090311/wall-street-stocks-continue-rise-with-citigroup-lead.htm Wed, 11 Mar 2009 18:28:52 EDT Taking advantage of a government program approved last year designed to provide liquidity to financial institutions during the credit crisis, Bank of America Corp. has sold $8.5 billion of debt backed by the Federal Deposit Insurance Corp., according to a report. http://www.ibtimes.com/data/articleimgs/210475-bank-of-america.jpg http://www.ibtimes.com/articles/20090309/bofa-turns-gov-rsquoto-sell5-billion-debt-report.htm http://www.ibtimes.com/articles/20090309/bofa-turns-gov-rsquoto-sell5-billion-debt-report.htm Mon, 09 Mar 2009 16:53:39 EDT Bank of America is holding on to loans which are marked $44 billion above market value, Reuters reported citing a securities filing. http://www.ibtimes.com/articles/20090227/bofa-holds-loans-44-billion-above-market-value-report.htm Fri, 27 Feb 2009 23:45:19 EST Bank of America Corp Chief Executive Kenneth Lewis said the largest U.S. bank does not need more federal aid and is in better shape than most rivals, even as "rumors, innuendo and falsehoods" cause its stock to fall. http://www.ibtimes.com/data/articleimgs/209877-.jpg http://www.ibtimes.com/articles/20090224/bank-america-chief-executive-kenneth-lewis.htm http://www.ibtimes.com/articles/20090224/bank-america-chief-executive-kenneth-lewis.htm Tue, 24 Feb 2009 16:08:38 EST Citigroup Inc shares fell to almost 18-year lows on Thursday, with Bank of America Corp stock also plunging, amid renewed fears that growing losses could lead to government control of troubled U.S. banks, wiping out shareholders. http://www.ibtimes.com/articles/20090219/bofa-and-citi-shares-fall-on-nationalization-fear.htm Thu, 19 Feb 2009 14:24:01 EST Citigroup Inc shares fell to 17-year lows on Thursday, with Bank of America Corp stock also plunging, amid renewed fears that growing losses could lead to government control of troubled U.S. banks, wiping out shareholders. http://www.ibtimes.com/data/articleimgs/209678-bank-of-america-sign-is-seen-in.jpg http://www.ibtimes.com/articles/20090219/bofa-citi-shares-fall-on-nationalization-fear.htm http://www.ibtimes.com/articles/20090219/bofa-citi-shares-fall-on-nationalization-fear.htm Thu, 19 Feb 2009 13:08:01 EST Bank of America shares rose 20 percent Friday morning after a research note from analyst Richard Bove may have assuaged investors' fears that the bank is in danger of failure and nationalization. http://www.ibtimes.com/articles/20090206/bank-america-shares.htm Fri, 06 Feb 2009 14:44:09 EST Bank of America shares rose 20 percent Friday morning after a research note from analyst Richard Bove may have assuaged investors' fears that the bank is in danger of failure and nationalization. http://www.ibtimes.com/articles/20090206/bank-america-spikes-as-analyst-vanishes-fears-danger.htm Fri, 06 Feb 2009 14:44:09 EST