Topic: Bank of America Corporation
LONDON (Reuters) - Investors slashed equity holdings in August and boosted cash levels to their highest since March 2009 as concerns about a global economic slowdown and the euro zone debt crisis drove an exodus from riskier assets, a survey showed on ...
(Reuters) - U.S. insurance giant American International Group is planning to sue Bank of America to recover more than $10 billion in losses on $28 billion of investment in mortgage-backed securities, the New York Times said citing three people with knowledge of ...
French-Belgian bank Dexia said Thursday that it was suing Deutsche Bank for more than $1 billion in losses caused by dodgy mortgage-backed securities that imploded during the 2008 financial crisis.The lawsuit, filed late Wednesday in a New York court, accuses the German ...
A group of bond-holders on Tuesday challenged Bank of America's record $8.5 billion settlement for losses on mortgage-backed securities, clouding its efforts to move past the subprime mortgage mess.The proposed settlement was marred by "serious conflicts of interest" and "would extinguish the ...
The S&P 500 Financial Index, reported on Bloomberg. com and its television channel, describes movements in this important sector and financials are a major group in the S&P 500. When the market sold off in May, the index sank over 20% to ...
Is America still in recession? There are several reasons for economic downturn such as changes in consumer spending, change in supply and demand, consumer confidence, nation gross domestic product etc. Recently Bank of America acquired Country Wide and now one of the ...
Bank of America will charge clients new monthly fees if their accounts do not meet a minimum balance, the bank's CEO Brian Moynihan said on Tuesday."We will increase the account balance minimums or charge monthly fees in lieu thereof, which is the ...
While Congress fiddles with new laws aimed at preventing another foreclosure crisis, the one we've already got is burning out of control. Now she has no equity and was worried that her adjustable interest rate might spike in the future and she'd ...
While Congress fiddles with new laws aimed at preventing another foreclosure crisis, the one we've already got is burning out of control. Now she has no equity and was worried that her adjustable interest rate might spike in the future and she'd ...
Bank of America on Friday reported a profit of 3.1 billion dollars in the second quarter of this year, down from 3.2 billion in the same period last year.The company said profits were driven by lower credit costs and the sale of ...
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Sept. 12 (Bloomberg) -- Sean Egan, president of Egan-Jones Ratings Co ...2011-09-12
