Bank of America
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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Economics
Wall Street's biggest banks had their worst quarter of results since 2008's financial crisis, with trading revenue down 35% on last year.
20 October 2011
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Economics
Negativity towards European and UK markets has eased as investors rotate their portfolios away from emerging markets in favour of the more developed nations, according to a fund manager survey.
19 October 2011
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US
The US is planning to sue more than a dozen major banks for misrepresenting the quality of mortgages they sold during the housing bubble, the New York Times reports.
02 September 2011
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US
Shares in Bank of America closed almost 10% higher overnight after Warren Buffett pledged to take a $5bn stake in the firm, which may have already netted him a $1.3bn profit.
26 August 2011
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Economics
Billionaire investor Warren Buffett has agreed a deal which will see his firm Berkshire Hathaway invest $5bn in Bank of America.
25 August 2011
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Investment
Hedge fund manager John Paulson bought into News Corporation ahead of the phone hacking scandal during a quarter when he also slashed major bank stakes.
16 August 2011
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