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Showing 221 - 230 of 269 results for "Bank of America"

Let them have soup

BENJAMIN ONG  |  FRIDAY, 6 MAR 2009
... that Moody's may cut JP Morgan's credit rating and that it is reviewing the credit ratings of Wells Fargo and Bank of America. You can't help but love credit rating agencies, can you? They only decide to check if it is raining outside after your house ...

GFC in a fortnight

BENJAMIN ONG  |  MONDAY, 2 MAR 2009
... These resulted in more losses and threaten the solvency of big financial institutions - depicted by Citibank and Bank of America over the past fortnight. They beg the government for salvation. The Government responds by promising money, but is uncertain ...

Sovereign funds lose out after bank bail-out

MICHELLE BALTAZAR  |  TUESDAY, 24 FEB 2009
... the Federal Reserve and other related agencies, announced that it would put the major US banks, such as Citi and Bank of America, through an evaluation test that would assess whether they needed additional capital buffer. But unlike the existing bail-out ...

China could own America

BENJAMIN ONG  |  TUESDAY, 24 FEB 2009
... interest free loans and cheaper insurance premiums seeing that they virtually own these companies? Citigroup and Bank of America are next in line, then it'll be the carmakers turn. Wow! How good is that? Mr. And Mrs. Jones owning two of the biggest global ...

Nationalisation - that ugly word

BENJAMIN ONG  |  MONDAY, 23 FEB 2009
... remarked that some US banks might have to be nationalised for a 'short time.' He was referring to Citigroup and Bank of America. Why he had to qualify his statement with 'for a short time' and why the White House hastened to declare that US authorities ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 21 JAN 2009
... insure banks against further losses and are similar to steps the US government has made to protect Citigroup and Bank of America. State Street Corp, which had been performing better than most financial services companies, reported a 71 per cent drop ...

Magellan Global tops overseas shares manager list

MICHELLE BALTAZAR  |  TUESDAY, 20 JAN 2009
... prices than when they bought them back in mid-2007, when the fund was launched. Douglass said they sold out of Bank of America, Wells Fargo and Lloyds TSB when these banks were trading at or near their record-highs. Among the fund's stockpicks in consumer ...

Market Wrap - Morning

AAP  |  MONDAY, 19 JAN 2009
... about the ongoing problems in the banking industry in response to more billion-dollar losses at Citigroup Inc and Bank of America Corp. Yet investors were also heartened by plans for both banks to restore themselves to profitability, and they were also ...

Market Wrap - Morning

AAP  |  FRIDAY, 16 JAN 2009
... early losses after news of a big economic stimulus introduced in Congress and a possible government aid plan for Bank of America. The Dow Jones Industrial Average finished with a gain of 12.82 points, or 0.16 per cent, at 8,212.96 at the closing bell ...

Morgan Stanley and Citi to merge

RUTH LIEW  |  THURSDAY, 15 JAN 2009
... pummeling Wall Street, which has so far prompted mergers and acquisition activities such as Merill Lynch's sale to Bank of America for US$50 billion to survive these turbulent times. The transaction, which has been approved by the boards of directors ...