Bank of America
Equities
Credit rating agency Moody's has downgraded 15 financial institutions overnight, including major UK and US banks.
22 June 2012
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2 min read
Economics
Credit Suisse, Julius Baer, and the Royal Bank of Canada are believed to be among bidders for the wealth management arm of the Bank of America, which could fetch $2bn.
17 May 2012
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Alternatives
Hedge fund billionaire John Paulson sold out of Bank of America and Citigroup in the fourth quarter of 2011, missing the sharp rally enjoyed by bank shares year-to-date.
15 February 2012
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US
Bank of America shares surged almost 6% on the opening bell on Wall Street after the bank posted net income of $2bn for the fourth quarter of 2011, despite its investment banking arm booking a loss.
19 January 2012
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Europe
Barclays was among six global banking groups to be downgraded by Fitch last night, with the ratings agency pointing to challenging financial markets.
16 December 2011
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US
Standard & Poor's has downgraded a raft of US and UK banks including HSBC, Barclays, and Goldman Sachs following an overhaul of its ratings criteria.
30 November 2011
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1 min read
Economics
The cost of insuring against a default by Bank of America reached a new high yesterday as investors' fears over US exposure to the European debt crisis deepened.
24 November 2011
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US
The Federal Reserve plans to stress test six major US banks against market shocks, as part of an annual review of bank health.
23 November 2011
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Economics
Bank of America is planning to issue new shares in exchange for existing preferred stock and debt that has lost value during the downturn this year.
04 November 2011
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