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Bank of America reports $1bn loss

Bank of America posted a $1bn loss for the third quarter...economic conditions in the US would affect the bank's fourth quarter earnings. "It will be...better days ahead." He had "no doubt that Bank of America will thrive" after his retirement.Mr Lewis...

Bank of America

Can you put a price on confidence? News that Bank of America agreed to pay the US government $425m to lay to...value had tripled from its low by the time the bank decided it wanted out of the agreement in May - and that rally was underpinned...

Bank of America

...assets, the apparent lack of a seamless process to...as chief executive once Bank of America had put the worst of the...Merrill has finally given America's largest bank a global presence. Mr Lewis messed up the execution of a strategically sensible...

Bank of America shows signs of recovery

Bank of America is expected to announce a profit...operating since May under the terms of a "memorandum of understanding...is yet another sign that the bank, like Citi, still has some...representation, especially in the wake of the bank's acquisition of Merrill Lynch...

Bank of America

Bank of America needs to put the messy acquisition of Merrill Lynch behind...Monday's news that the bank had settled with the...preference, and probably that of regulators, would be to depart with the bank on a more stable footing...

Former chairman of UK financial regulator joins JC Flowers in shake-up

...consortium pulled out of a $25bn takeover of Sallie Mae, the US student loans company...material adverse change after the start of the financial crisis in 2007.Meanwhile...Brothers and AIG.Last year he advised Bank of America on its costly takeover of Merrill...

Recuperation takes an unclear path

...dent in the stock of debt.But ratios of net worth - which has recovered some...has plummeted from about625 per cent of income to a little under 500 per cent...from here.A recent research note from Bank of America Merrill Lynch showed that under plausible...

Small steps to reopen commercial bond market

Bank of America plans to sell $460m of commercial mortgage bonds backed by properties owned by Fortress Investment Group as this battered market begins to show signs of life, people familiar with the deal said.The BofA deal would follow...

Bank of America to sell three jets and Merrill's helicopter

Bank of America is selling three corporate jets from its...source familiar with the matter says the bank will sell a different apartment in New York.Bank of America's shares were lower on Wednesday at $4...

Bank of America gets $138bn lifeline

Bank of America will on Friday receive $20bn...government and a guarantee on most of a further $118bn of potential...ensure its survival. The bank reported a fourth-quarter...rescue package is on top of the $25bn the bank received from Tarp funds...

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