bofa

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Latest blogosphere posts tagged “bofa”

• BofA Merrill shakes up retirement unit

  
  The Washington Post — Authority: 959
  CHARLOTTE, North Carolina (Reuters) - Bank of America Merrill Lynch named three executives on Tuesday to run its $450 billion retirement services business, including rehiring a former executive who left earlier this year.
  11 hours ago

• BofA’s Ken Lewis Gives Thanks to Washington

  
  WSJ.com: Deal Journal — Authority: 655
  After a year of chafing under aggressive government involvement in its day-to-day affairs, Bank of America Corp. now is playing nice with Uncle Sam.
  15 hours ago

• Kuwaiti fund rakes in $1 billion profit on Citigroup sale

  
  BloggingStocks — Authority: 669
  Filed under: Citigroup Inc. (C) , Bank of America (BAC) In a case of buy low, sell high, Kuwaits sovereign wealth fund just unloaded its $4.1 billion stake in Citigroup ( C ). In doing so, the fund scored a $1 billion profit -- and a 37% rate of return on its investment -- according to the Kuwait Investment ...
  2 days ago

• Sentiment Watch: Despite Jobs Report, Bears Aren’t Ready to ‘Throw in the Towel’

  
  WSJ.com: Deal Journal — Authority: 655
  The unemployment rate is really just one data point in what has been an eventful week that has included “Cyber Monday,” Dubai’s debt problems and a Bank of America’s record $19 billion capital raise. So Deal Journal cast around for what the experts have been saying lately to get a better sense of the big picture.
  4 days ago

• Sentiment Watch: Despite Jobs Report, Bears Aren’t Ready to ‘Throw in the Towel’

  
  WSJ.com: Deal Journal — Authority: 655
  The unemployment rate is really just one data point in what has been an eventful week that has included “Cyber Monday,” Dubai’s debt problems and a Bank of America’s record $19 billion capital raise. So Deal Journal cast around for what the experts have been saying lately to get a better sense of the big picture.
  4 days ago

• BofA raises more than $19 billion, on track to make good with the feds

  
  BloggingStocks — Authority: 669
  Filed under: Bank of America (BAC) , Recession , Financial Crisis As planned, Bank of America ( BAC ) sold securities to raise the capital it needs to settle with the government. The company announced this week that it would repay the $45 billion in bailout money it received under the Troubled Asset Relief ...
  4 days ago

• BofA sells $19.3 billion of securities for TARP repay

  
  The Washington Post — Authority: 959
  NEW YORK (Reuters) - Bank of America Corp sold more than $19 billion of equity on Thursday amid strong investor interest as it races to shed government regulatory curbs that have bedeviled its CEO search.
  5 days ago

• Investors cheer BofA capital raising - Financial Times

  
  Beijing 2008 Stadium — Authority: 145
  Investors cheer BofA capital raising - Financial Times Investors on Thursday welcomed Bank of America ’s plan t o raise $18.8bn to repay $45bn of bail-out funds as relief at its escape from US government curbs on pay and operations outweighed concerns over the huge share issue. Shares in BofA, the Source: ...
  5 days ago

• Christmas is saved for "needy" Bank of America execs

  
  SEIU — Authority: 141
  Bank of America announced late Wednesday that it will return $45 million in TARP funds just in time to avoid those pesky regulations limiting executive bonuses for TARP fund recipients -- clearing the way for 3 top BofA execs to get a combined $1 billion in bonuses. Not bad for a year in which they had to beg for ...
  5 days ago

• BofAs $45 bln repayment clears way for new CEO

  
  Daily Telegraph | Telegraph.co.uk — Authority: 971
  Bank of America chief executive Ken Lewis may have fouled things up by poorly executing on a series of takeovers during the financial crisis. But with BofAs imminent payback of $45 billion of U.S. government assistance, unveiled Wednesday evening, his successor will be able to focus on reawakening the dormant ...
  5 days ago

• Bank of America Set to Repay TARP Debt

  
  Truthdig: Drilling Beneath the Headlines — Authority: 716
  Bank of America has been cleared by the U.S. government to repay the $45 billion in TARP funds it received last year at the height of the banking crisis, and BofA may be preparing to do so before 2009 comes to a close. That said, it’s not a foregone conclusion that the transaction will take place this month, even ...
  5 days ago

• BofA to return $45 billion to taxpayers

  
  Northloop Neighborhoods - Community News & Directory — Authority: 166
  Bank of America said Wednesday it planned to return the entire $45 billion in bailout money it received from the government over the past year.
  6 days ago

• ‘Bank terrorist’ brings help, jobs to the Q.C.

  
  theCLog — Authority: 442
  Nonprofit group says they’re doing a better job helping homeowners modify their mortgages than the government. The good news for struggling homeowners in Charlotte is that they’re here Dec. 3-7 and they’re ready to help you help yourself. A nonprofit group is bringing a mortgage-modification marathon to ...
  6 days ago

• VIDEO: BofAs Ken Lewis wins "Turkey of the Year" award

  
  SEIU — Authority: 141
  SEIU 32BJ security officers Neslie McKallen and Michael Gittens are two of about 40 officers who were laid-off from protecting Bank of America buildings in New York City right before the Thanksgiving holiday. The now-jobless officers were originally employed by Securitas Security and worked at four Merrill Lynch ...
  6 days ago

• N30 Arrests: Mobilization for Climate Justice vs. the Bank of America Building

  
  San Francisco Citizen — Authority: 509
  Well the arrestees had already been hauled away by the time I passed by the global warming protest in the Financial District at California and Kearny yesterday. So that left about 50 to contiune the rally until 2:30 PM. By that time, there were more cops in the area than protesters. The kids don’t like banks ...
  1 week ago

• BofA: Bank of America Mortgage Rates

  
  Kirk's Market Thoughts — Authority: 115
  Bank of America: Home Mortgage Lending Rates at BofA. Interest rates are very low. If you have good credit, then now is an excellent time to lock in a long-term loan at favorable rates. If interest rates soar, then you are hedged for inflation since you can replay the loan with depreciated dollars.Conforming ...
  1 week ago

• Important News - Nov. 28

  
  InvestmentWatch — Authority: 157
  1) Dubai World Unit Faces Default Test Monday With Bond Payment “DUBAI (Zawya Dow Jones)–Debt-laden Dubai World’s unit Jebel Ali Free Zone Authority, or Jafza, faces on Monday a coupon payment on a 7.5 billion U.A.E dirham ($2.04 billion) Islamic bond in the first key test of whether it will default. The ...
  1 week ago

• Important News - Nov. 27

  
  InvestmentWatch — Authority: 157
  AIG Forcing Poor To Choose Between Running Water And Food Taxpayers in the poorest parts of the county are getting plundered by the same institutions they bailed out. One example is AIG’s underhanded fleecing of residents of rural Kentucky. 1) Democrats work on multibillion-dollar jobs package (LA Times) ...
  1 week ago

• I Stopped Denying People: Ex-Bank Of America CSR Tells All

  
  Consumerist — Authority: 803
  Heres a testimonial from a former Bank of America customer assistance employee. She was fired on Monday for offering repayment plans to too many customers, even those who "deserved" the 29.99% APR for making late payments. After hearing her story, you might conclude that this job was never a good fit for her skills. ...
  1 week ago

• PHOTOS: Ken Lewiss "Turkey of the Year" award

  
  SEIU — Authority: 141
  Ousted BofA chief executive Ken Lewis made headlines this year for all the wrong reasons. After receiving tax breaks and more than $195 billion in bailouts, Bank of America announced layoffs for 35,000 employees over the next three years. When BofA took over Merrill Lynchs four New York office locations, the bank ...
  1 week ago

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