Hints and tips:
Related Special Reports
...Last week it took part in a $3.84bn debt sale tied to the buyout of software group Citrix, picking up the junior bonds at a deeply discounted price when lenders led by Goldman Sachs and Bank of America raced...
...That dwarfs its second-largest publicly traded investment: Bank of America....
...Analysts’ expectations of long-term earnings growth tend to correlate with higher prices for US stocks and hence lower returns often follow, an analysis by Bank of America found....
...The sprawling conglomerate is now worth more than $780bn, with stakes in Apple, Coca-Cola and Bank of America as well as ownership of the BNSF railroad and Geico insurer....
...Over the past two years, big banks such as JPMorgan Chase, Bank of America, Citigroup and Wells Fargo charged more for loans in lockstep with the Fed lifting interest rates, without passing on the increase...
...Norges Bank Investment Management certainly seems to think so....
...Shareholders include SoftBank and Warren Buffett’s Berkshire Hathaway....
...Capital One, known in America for its “What’s in your wallet?” advertising slogan delivered by celebrities such as Samuel L Jackson and Jennifer Garner, is the 12th-biggest US bank by assets....
...In the summer of 1991, as he tells it, Warren Buffett was in trouble....
...“We’re getting calls from folks that are wanting to be acquirers of some of those banks....
...., Ltd. v. Banco Popular Del Peru or Allied Bank Int’l v. Banco Credito Agricola de Cartago is your idea of fun....
...of America....
...“Structural reasons as well as the interest rate environment are both contributors,” said Jill Carey Hall, equity and quant strategist at Bank of America....
...Noteworthy deals include First Solar’s $700mn tax credit transfer to Fiserv, and an Invenergy-led $580mn transfer to Bank of America....
...The figures are distorted by movements in the value of its mammoth $353bn stock portfolio, which includes stakes in Apple, American Express and Bank of America....
...The US Chamber of Commerce, which represents America’s largest businesses, said that if left intact, the decisions would lead to “new federal taxes on all sorts of wealth and property” where “the possibilities...
...As Warren Buffett, one of the most successful investors in history, put it: “By periodically investing in an index fund, for example, the know-nothing investor can actually outperform most investment professionals...
...It is a change from previous crises, when Berkshire’s capital helped shore up both Goldman Sachs and Bank of America. The latter is now a core holding in the company’s stock portfolio....
...BlackRock, Wells Fargo, Bank of America and State Street were also excluded from doing business with the state, Oklahoma said....
...Last month, Bank of Canada officials raised interest rates by 0.25 percentage points to 5 per cent, their second increase after pausing rate rises at their March and April monetary policy meetings....
...Berkshire has concentrated its financial industry investments on a handful of large US banks — Bank of America and Citigroup — as well as credit card companies including American Express, Visa and Mastercard...
...Still, big financial services deals are going to bring scrutiny, and the likes of Senator Elizabeth Warren have already called for regulators to block the merger....
...But Gautam Puntambekar, country executive for Bank of America, says that “when you talk about semiconductors, Malaysia is invariably part of the conversation”....
...One scoop to start: Permira has selected Bank of America, JPMorgan and Mediobanca as joint global co-ordinators for the forthcoming market listing of the private equity group’s Italian luxury sports shoe...
...As even Warren Buffett has repeatedly groused, size is the enemy of returns....
International Edition