Sunday, May 27, 2012 5:11 PM EDT
Bank of America Corporation (NYSE: BAC) is a financial services company, the largest bank holding company in the United States, by assets, and the second largest bank by market capitalization. Bank of America serves clients in more than 150 countries and has a relationship with 99 percent of the U.S. Fortune 500 companies and 83 percent of the Fortune Global 500. The company is a component of the Dow Jones Industrial Average (DJIA) and a member of the Federal Deposit Insurance Corporation (FDIC). Read More
By Reuters
Lehman Brothers Holdings Inc, one of three owners of Archstone, has reached a deal to buy the last portion of the apartment company it does not own for $1.58 billion, sources with knowledge of the matter said on Thursday. (May 24)
MORE TOPICS: BARCLAYS, LEHMAN BROTHERS, COURT, NEW YORK, LAWSUIT, INVESTMENT
By Reuters
The financial crisis and its aftermath have been brutal for Wall Street's richest and most powerful women. The latest casualty: Ina Drew, the head of JPMorgan Chase's chief investment office, who departed last week after the bank suffered mammoth trading losses. (May 24)
MORE TOPICS: CITIGROUP, JPMORGAN CHASE, LEHMAN BROTHERS, U.S. BANCORP, WELLS FARGO, MANAGEMENT
By IBTimes
Shares of Facebook (Nasdaq: FB), the No. 1 social network, rose $1.03 to close at $33.03 on Thursday. A week ago, they were priced at $38 for the IPO. (May 24)
MORE TOPICS: SEC, GOLDMAN SACHS, JPMORGAN CHASE, MORGAN STANLEY, NYSE, MARK ZUCKERBERG, FACEBOOK, BARACK OBAMA, GENERAL MOTORS, BARCLAYS
By IBTimes
Facebook (Nasdaq: FB), the No. 1 social network, didn’t just set records for enriching inside investors like CEO Mark Zuckerberg, COO Sheryl Sandberg, Accel Partners and Digital Sky Technologies. Underwriters fared very well. (May 24)
MORE TOPICS: BARCLAYS, GOLDMAN SACHS, JPMORGAN CHASE, MORGAN STANLEY, NYSE, MARK ZUCKERBERG
By IBTimes
American International Group Inc. (NYSE: AIG) was partially rebuffed in its effort to get $10 billion out of Bank of America Corp. (NYSE: BAC) Wednesday, as a Los Angeles U.S. district judge dismissed some of the New York re-insurer's claims in ... (May 24)
MORE TOPICS: AIG, NYSE, COURT, NEW YORK, LAWSUIT, LOS ANGELES
By Reuters
The fallout from Facebook Inc's messy initial public offering widened on Wednesday as shareholders sued the social network and its bankers while a trading firm revealed a massive loss on the shares and threatened to seek "remedies.". (May 23)
MORE TOPICS: SEC, BARCLAYS, GOLDMAN SACHS, JPMORGAN CHASE, MORGAN STANLEY, NYSE
By Reuters
Two top U.S. financial regulators said on Tuesday the issues around the initial public offering of Facebook should be reviewed, putting fresh pressure on the company, its lead underwriter, Morgan Stanley, and the Nasdaq stock exchange. (May 23)
MORE TOPICS: MICROSOFT, SEC, GOLDMAN SACHS, JPMORGAN CHASE, MERRILL LYNCH, MORGAN STANLEY
By IBTimes AU
U.S. stocks erased gains from a day spent mostly in positive territory to close flat Tuesday, as worries resurfaced in late trading about potential European instability. (May 22)
MORE TOPICS: GOLDMAN SACHS, FTSE, HANG SENG INDEX, JAPAN, GOLD, COPPER, CHINA, GOLD, DOW JONES, CITIGROUP, BNP PARIBAS
By Reuters
Wells Fargo & Co <WFC.N> doesn't employ the same kind of hedging strategy that has triggered a trading loss of at least $2 billion at rival JPMorgan Chase & Co <JPM.N>, the bank's chief risk officer said on Tuesday. (May 22)
MORE TOPICS: JPMORGAN CHASE, WACHOVIA, WELLS FARGO, NEW YORK, MANAGEMENT, MORTGAGE
By Reuters UK
U.S. equities faltered minutes before the close on Tuesday and the euro fell as hopes European leaders will tackle the region's debt crisis ebbed, fanning doubts that much would come of a meeting just a day away. (May 22)
MORE TOPICS: GOLD, DOW JONES, CITIGROUP, BNP PARIBAS, JPMORGAN CHASE, WELLS FARGO
