Bank of america Stories
Citi TARP talks uncertain, Treasury official: report
Citigroup Inc's negotiations to exit TARP are uncertain, but headed in the right direction, a U.S. Treasury official told television network CNBC.
Citi TARP talks uncertain, says Treasury official: report
Citigroup Inc's negotiations to exit TARP are uncertain, but headed in the right direction, a Treasury official told television network CNBC.
Citi could sell $20 billion of shares soon: report
Citigroup Inc plans to pay back TARP by raising money in an equity offering that could be announced as early as Thursday and could be some $20 billion, television network CNBC reported, citing sources.
BofA finishes TARP repayment
Bank of America Corp fully repaid the U.S. government the $45 billion in aid it took during the height of the financial crisis, the company said on Wednesday.
Citi could sell $20 bln of shares soon: report
Citigroup Inc plans to pay back TARP by raising money in an equity offering that could be announced as early as Thursday and could be some $20 billion, television network CNBC reported, citing sources.
BofA sends TARP repayment, may ease CEO search
Bank of America Corp fully repaid the U.S. government the $45 billion in aid it took during the height of the financial crisis, the company said on Wednesday.
Citi positioned to repay TARP: report
Citigroup Inc plans to pay back TARP by raising money in an equity offering that could be announced as early as this Thursday, cable television network CNBC reported on Wednesday, citing sources.
Stocks rebound, led by financials, tech
U.S. stocks rebounded late on Wednesday, led by shares of financial, technology and natural resource companies.
Citi positioned to repay TARP: Parsons to CNBC
Citigroup Inc is in a position to repay TARP, the bank's chairman, Dick Parsons, told cable television network CNBC on Wednesday.
BofA completes TARP repayment
Bank of America Corp said on Wednesday it completed a previously announced plan to repay $45 billion in U.S. government aid, issued at the height of the financial crisis.
BofA Merrill shakes up retirement unit
Bank of America Merrill Lynch named three executives on Tuesday to run its $450 billion retirement services business, including rehiring a former executive who left earlier this year.
Bank of America CEO candidate under scrutiny: report
Bank of America Corp's Chief Risk Officer Greg Curl is under scrutiny by New York attorney general Andrew Cuomo's office in connection with the probe of the bank's merger with Merrill Lynch, the New York Times reported.
BofA's Greg Curl under scrutiny by Cuomo's office: report
Bank of America Corp's Chief Risk Officer Greg Curl is under scrutiny by New York attorney general Andrew Cuomo's office in connection with the probe of the bank's merger with Merrill Lynch, the New York Times reported.
Wells Fargo keeps mum on TARP repayment plans
Wells Fargo & Co , one of the few major banks that has yet to return bailout funds to the U.S. government, still plans to return its $25 billion as soon as practical, but Chief Executive John Stumpf at a conference on Tuesday did not give any more details.
Language Line files for $400 mln IPO
Translation company Language Line Services Holdings Inc hopes to go public in an initial public offering that would raise as much as $400 million.
EURO BONDS-Lafarge, Rexel, Expro
News, details on corporate bond issues in the European markets on Monday:
Kuwait sells Citi stake, makes $1.1 billion profit
Kuwait's sovereign wealth fund said on Sunday it had sold its stake in Citigroup Inc for a profit of $1.1 billion, becoming the latest Gulf investor to sell foreign shares as markets improve.
U.S. bank bailout estimate cut by $200 billion
The projected long-term cost of the U.S. government's bailout of the nation's big banks is going to be at least $200 billion less than previously thought, a Treasury Department official said on Sunday night.
U.S. cuts estimate of bank bailout costs
The projected long-term cost of the government's bailout of the nation's big banks is going to be at least $200 billion less than previously thought, a United States Treasury Department official said on Sunday night.
Citi seeks government nod to repay taxpayers: report
Citigroup Inc is trying to persuade the U.S. government to allow it to repay $20 billion in taxpayer funds before a window to launch a share sale effectively shuts by the middle of next week, the Financial Times reported on Sunday.
Hedge funds still keen on big banks
Financial stocks are still top bets among some of the largest hedge funds, which continued piling into big banks like JPMorgan Chase & Co (JPM.N) and Citigroup Inc (C.N) in the third quarter.
BofA board to meet on Tuesday, may discuss CEO
Bank of America Corp's board is scheduled to meet next Tuesday and may discuss the appointment of a new chief executive, a bank spokesman said.
RBC profit rises, matches expectations
Royal Bank of Canada said on Friday that quarterly profit rose 10 percent as strong domestic banking offset losses in its big U.S. operations, but the results were not as impressive as rivals have reported.
BofA board to meet on CEO search next week: report
Bank of America Corp's board is set to meet next Tuesday and is expected to discuss the appointment of a new chief executive, the Wall Street Journal reported, citing people familiar with the situation.
BofA to sell securities later Thursday for TARP repay
Bank of America Corp will sell nearly $19 billion in equity later on Thursday amid strong investor interest as it races to shed government regulatory curbs that have bedeviled its CEO search.
BofA sells $19.3 billion of securities for TARP repay
Bank of America Corp sold more than $19 billion of equity on Thursday amid strong investor interest as it races to shed government regulatory curbs that have bedeviled its CEO search.
Stocks slide on ISM services data, jobs anxiety
U.S. stocks fell on Thursday after data showed the vast U.S. services sector unexpectedly shrank in November and investors worried that Friday's non-farm payrolls report may show the recovery is sluggish.
Stocks fall on ISM services data, payrolls angst
U.S. stocks fell on Thursday after data showed the vast U.S. services sector unexpectedly shrank in November and investors worried that Friday's non-farm payrolls report may show the recovery is sluggish.
BofA to sell securities for TARP repay
Bank of America Corp will sell nearly $19 billion in equity later on Thursday amid strong investor interest as it races to shed government regulatory curbs that have bedeviled its CEO search.
BofA to sell securities to repay TARP
Bank of America Corp will sell the securities it will use to help repay $45 billion in government bailout funds Thursday evening, its chief financial officer said.