Bank of america Stories
Citigroup is top Q3 govt-gtd bond underwriter
Thomson Reuters on Friday released the top government-guaranteed bond underwriters for the third quarter of 2009 as of Thursday, September 24.
Shanda Games sets $1 bln U.S. IPO; global issues up
China's top video game operator, Shanda Games, priced its $1 billion U.S. IPO at the top of an indicative range, as firms globally make bold moves to capitalise on a spike in investor confidence.
JPMorgan leads pack as underwriting drives fees
Banks led by JPMorgan Chase & Co reaped a bonanza of underwriting fees from debt and equity capital-raisings in the third quarter but a deepening slump in M&A activity depressed overall investment banking fees.
Citi to cut back U.S. branches to six cities: report
Citigroup Inc , the bank bailed out with $45 billion by the U.S. government, plans to cut down its U.S. branch network to six big metropolitan areas, the Wall Street Journal said on Wednesday on its website, citing people familiar with the situation.
U.S. credit card defaults rise to record: Moody's
The U.S. credit card charge-off rate rose to a record high in August, as more Americans lost their jobs, Moody's Investors Service said on Wednesday, in another sign consumers remain under stress.
US credit card defaults rise to record - Moody's
The U.S. credit card charge-off rate rose to a record high in August, as more Americans lost their jobs, Moody's Investors Service said on Wednesday, in another sign consumers remain under stress.
Stock futures signal flat to higher start, Fed eyed
Stock futures pointed to a flat to higher start for Wall Street on Wednesday ahead of the Federal Reserve's interest rate decision, with Dow Jones futures up 0.2 percent, S&P 500 futures up 0.3 percent and Nasdaq futures flat at 4:15 a.m. EDT.
Daily Wrap Up - Sept 22
Global Climate Push; Steady Policy Outlook for Fed; BofA Turns Over Docs
BofA to provide more documents in Congress probe
Bank of America has agreed to turn over more documents to a congressional probe of its purchase of troubled investment bank Merrill Lynch, although some company material remains under wraps for now, a senior lawmaker said on Tuesday.
Wall St gains as commodities, banks rise
U.S. stocks rose on Tuesday as strong commodity prices and a weak dollar before a Federal Reserve meeting gave a boost to Wall Street.
Big holder cuts Citi Stake
Singapore's largest sovereign wealth fund GIC said on Tuesday it had halved its stake in Citigroup to below 5 percent, making a profit of $1.6 billion as global equity markets rebound.
GIC trims Citi stake to below 5 percent
Singapore's largest sovereign wealth fund GIC said on Tuesday it had halved its stake in Citigroup to below 5 percent, making a profit of $1.6 billion as global equity markets rebound.
U.S. charges Obama fund-raiser in $290 million fraud
Hassan Nemazee, a fund-raiser for Barack Obama, Hillary Clinton and other Democrats, has been indicted for defrauding Bank of America, HSBC and Citigroup Inc out of more than $290 million in loan proceeds, U.S. prosecutors said on Monday.
Merrill Lynch appoints new head of Australian ops
Bank of America/Merrill Lynch has appointed former top Goldman Sachs JB Were executive Craig Drummond to head its Australian operations, a top official said on Tuesday.
BofA skips Congress deadline, faces new SEC threat
Bank of America failed to meet a Monday deadline to hand lawmakers further details about its acquisition of Merrill Lynch and faces the possibility of new charges from U.S. securities regulators.
BofA to end $118 bln asset-guarantee deal
Bank of America Corp will end a nine-month old, $118 billion asset-guarantee program with the U.S. government, paying a $425 million exit fee, the company announced on Tuesday.
BofA fails to meet congressional deadline
Bank of America Corp failed to meet a Monday midday deadline to hand over further details about its acquisition of Merrill Lynch to a congressional investigative committee, a panel spokeswoman said.
BofA close to shelving gov't loss-share pact: report
Bank of America Corp is close to exiting a loss-sharing deal with the Federal Reserve Board and U.S. Treasury that was designed to buttress against potential loan losses, the Wall Street Journal reported on Monday.
BofA's legal problems growing, may push exec change
Bank of America Corp CEO Ken Lewis has survived troubled acquisitions, massive credit losses and two government bailouts, but experts question whether he can survive a series of investigations.
Lawmaker faults BofA's response to Merrill inquiry
A congressman accused Bank of America Corp of meeting his requests for information with volumes of irrelevant documents and has set a Monday deadline for more information, according to a letter obtained by Reuters.
Daily Outlook - Sept 21
Pressure Grows on BofA; Dell Acquires Perot; Global Stocks Slip
BofA to add DuPont's Holliday to board: report
DuPont Co Chairman Charles Holliday will likely be added to Bank of America Corp's board of directors at a meeting on Monday, the Wall Street Journal said, citing a person familiar with the situation.
Congress demands BofA details on Merrill deal: report
A House of Representatives panel has told Bank of America Corp that it cannot use attorney-client privilege to withhold from Congress details on its purchase of Merrill Lynch, The New York Times reported on Monday.
Daily Wrap Up - Sept 21
U.S. Agenda at G20; Tax Evaders' Last Chance; Stocks lower on higher dollar
HSBC sues accused Democratic fund-raiser in New York
A fund-raiser for Barack Obama, Hillary Clinton and other Democrats who was charged last month with defrauding Citigroup Inc is being sued by HSBC for deceiving it into lending him $100 million.
Parmalat lawsuits against BofA, auditor dismissed
A U.S. federal judge in Manhattan has dismissed three Parmalat SpA fraud lawsuits against Bank of America Corp and the auditing firm Grant Thornton LLP over their roles in the Italian dairy company's 2003 collapse.
UPDATE 1-Parmalat lawsuits against BofA, auditor dismissed
A U.S. federal judge in Manhattan has dismissed three Parmalat SpA fraud lawsuits against Bank of America Corp and the auditing firm Grant Thornton LLP over their roles in the Italian dairy company's 2003 collapse.
Continental Rscs sells $300 mln 10-yr notes
Continental Resources Inc, a crude-oil concentrated, independent oil and natural gas exploration and production company, on Friday sold $300 million of senior notes in the 144a private placement market, said market sources.
FBI, DOJ investigating BofA's Merrill deal: report
U.S. authorities are conducting a criminal probe into Bank of America Corp's purchase of Merrill Lynch, the Charlotte Observer reported on Friday.
Forty percent of U.S. junk bonds to default by 2013: BofA
About 40 percent of all U.S. junk bonds outstanding in late 2008 will likely default by 2013 as government aid measures end and a wall of corporate debt comes due, Bank of America Merrill Lynch said on Thursday.