Current news and articles
[at The Wall Street Journal] – Fed Chairman Ben Bernanke doesn’t have to testify under oath about the government’s 2008 decision to bail out American International Group, at least as long as he holds his current position.
[$$] Bernanke Won’t Have to Testify in AIG Case—For Now Read More »
[Business Wire] – Bank of America Corporation’s stated third quarter earnings of $2.5 billion declined from the sequential quarter’s earnings of $4.01 billion, but increased from the year-ago quarter’s earnings of $340 million.
Fitch: Bank of America’s 3Q’13 Earnings Boosted by Reserve Releases Read More »
[at Seeking Alpha] – It is amazing to think that just two years ago, media pundits were proclaiming the demise and possible insolvency of Bank of America ( BAC ) despite obvious improvements in capital metrics and credit trends. …
Bank Of America: Validating Buffett’s Original Investment Thesis With Execution Read More »
[Reuters] – U.S. prosecutors grilled a former executive of Bank of America Corp’s Countrywide unit in federal court on Wednesday, seeking to show she pressed employees to churn out thousands of substandard loans with …
U.S. prosecutors grill ex-Countrywide exec in BofA mortgage trial Read More »
[at Financial Times] – Customers at Bank of America’s new express branch on Wall Street will have to get used to talking to a screen. At half the size of a traditional branch, and with machines in place of people, it marks the …
US banks automate as they cut branches Read More »
[Business Wire] – The National Council of Youth Sports and American International Group, Inc. are pleased to announce that SquashSmarts has been named the STRIVE Organization of the Year for its “kids first” approach to safety.
SquashSmarts Named Strive Organization of the Year Read More »
[Moody’s] – London, 16 October 2013– Moody’s Investors Service stated today that a novation of an existing swap transaction entered into by Bradford& Bingley Covered Bonds LLP from Bank of America, N.A. as swap counterparty …
[at MarketWatch] – WASHINGTON (MarketWatch) – Federal Reserve Chairman Ben Bernanke does not have to testify under oath about the government’s bailout of American International Group Inc., at least while he is in office, …
Court blocks Bernanke testimony in AIG case Read More »
[Reuters] – Stocks surged on Wednesday, nearing an all-time high, after Senate leaders said they had reached a deal to raise the government debt ceiling, one day before the U.S. defaults on its debt. U.S. Senate Majority …
Wall Street climbs as Senate leaders announce fiscal deal Read More »
[Reuters] – U.S. stocks surged on Wednesday on optimism that lawmakers, with time running out, would agree on a deal to prevent a U.S. debt default and end a partial federal government shutdown. The gains brought …
US STOCKS-Wall Street climbs, betting on last-minute fiscal deal Read More »