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Digesting Geithner's grand plan
...KBW index of US banks had recovered 57 per cent since its March low, but shed about 8 per cent, with Citigroup and Bank of America both registering large percentage declines.The Obama administration's sudden show of tough love towards carmakers has set nerves...
Tarp maths
...did not sign up for the full $250bn allocated them before the November deadline. Emergency top-ups for Citigroup and Bank of America came to $53bn. The ultimate basketcase, AIG, got $70bn. Schemes to stimulate consumer and business lending total $95bn. Part...
Merrill's $3.6bn bonuses under fire
...government-brokered take-over by Bank of America.Dennis Kucinich, chairman of an investigative...this to determine why ordinary Bank of America shareholders didn't know details of the...chief executive of Merrill Lynch.Bank of America declined to comment on Monday.Additional...
US banks stand to benefit from rules change
Large US banks like Citigroup, Bank of America and Wells Fargo stand to receive a surprise first-quarter earnings boost from Thursday's expected loosening of controversial accounting...
Investors keep faith in Wall Street's old guard
...while their commercial banking rivals Citigroup, Wells Fargo and Bank of America will suffer.Share prices jumped when a plan to create public-private funds...relative to Monday's across-the-board rally," said Jeffrey Rosenberg at Bank of America.
Bank of America reports $1bn loss
Bank of America posted a $1bn loss for the third quarter on Friday, as continuing problems...tone, saying he saw "better days ahead." He had "no doubt that Bank of America will thrive" after his retirement.Mr Lewis said the quarterly loss was...
Bank regulation needs straightening out
...exception of Japan, previously consisted only of European and North American members.This outbreak of inclusiveness is reaching other financial...governments in the US and UK have encouraged groups such as Bank of America and Lloyds TSB to take over failing institutions (Merrill Lynch...
Bond sales drive capital markets as loans falter
...Hardest hit was the combined Bank of America-Merrill Lynch, which saw its equity-related...10 per cent decline for banks in North America to $1.9bn, which was balanced out by a...European revenues to $1.6bn.JPMorgan led the Americas revenue rankings with $212m and BNP Paribas...
Bank of America shows signs of recovery
Bank of America is expected to announce a profit when it reports earnings on Friday, while...close to entering a second MOU, this one with the Federal Deposit Insurance Corp, affecting management and governance issues.The MOU is not the first similarity...
Goldman chief defends employees' pay
...analysts at a conference sponsored by Bank of America. His comments came as public debate continues...Ken Lewis, chief executive of Bank of America, who is stepping down at the end of this...actions in operating and building Bank of America positions our company for future success...
