Posted by Reuters: Business News on August 27, 2010
NEW YORK (Reuters) – A Manhattan federal judge refused to dismiss shareholder lawsuits against Bank of America Corp and various executives and directors over the purchase of Merrill Lynch & Co during the 2008 financial crisis and disclosures about Merrill’s losses and bonus payouts.
Posted by Reuters: Business News on August 16, 2010
NEW YORK (Reuters) – Bank of America Corp is considering whether to reduce its stake in asset manager BlackRock Inc , which is viewed as a non-core asset, a source familiar with the situation said on Sunday.
Posted by Reuters: Business News on August 15, 2010
NEW YORK (Reuters) – General Motors Co has added Bank of America Merrill Lynch and Citigroup Inc to the slate of its lead underwriters for its initial public offering, two sources familiar with the situation said on Friday.
Posted by Reuters: Business News on July 27, 2010
CHARLOTTE, North Carolina (Reuters) – Bank of America Corp on Monday appointed a former colleague of Sallie Krawcheck as its Merrill Lynch global wealth management unit’s new chief investment officer.
Posted by The PIPEs Report on July 21, 2010
Bank of America Merrill Lynch arranged a $300 million private placement of convertible preferred sha…
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Posted by The PIPEs Report on July 20, 2010
Bank of America Merrill Lynch is arranging a $300 million private placement of common stock for Conc…
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Posted by Reuters: Business News on July 16, 2010
NEW YORK (Reuters) – Stocks accelerated their sell-off on Friday after Bank of America, Citigroup and GE reported disappointing revenues and consumers turned more pessimistic about the economy.
Posted by Reuters: Business News on
NEW YORK (Reuters) – U.S. stocks slumped on Friday after Bank of America, Citigroup and bellwether GE reported disappointing revenues and the consumer mood darkened on resurgent fears about the economy.
Posted by Reuters: Business News on
CHARLOTTE, N.C./NEW YORK (Reuters) – Bank of America and Citigroup posted better-than-expected quarterly earnings on lower credit losses, but their shares fell as the banks highlighted the challenge of boosting revenue in a stagnant economy.
Posted by Reuters: Business News on
NEW YORK (Reuters) – Stocks opened lower on Friday after Citigroup, Bank of America and General Electric all posted disappointing revenues, while consumer price data suggested sluggish domestic demand and pointed to a weak recovery.
