Posts Tagged ‘ Bank Of America ’

Analysis: The great hedge fund humbling of 2011

Analysis: The great hedge fund humbling of 2011 By Svea Herbst and Katya Wachtel | Reuters – 3 hrs ago... BOSTON/NEW YORK (Reuters) - Excuses, excuses and more excuses. The result was a humbling year for the $1.7 trillion hedge fund industry, with...
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Wall Street Is Bracing for Dismal 4th Quarter

January 6, 2012, 9:03 pm Wall Street Is Bracing for Dismal 4th Quarter By SUSANNE CRAIG Wall Street banks have been buffeted by the weak American economy and the European debt crisis. For most Wall Street bankers, 2011 was a year they would rathe...
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U.S. Growth Decoupling From Bonds Means Lower Yields to JPMorgan

Bloomberg U.S. Growth Decoupling From Bonds Means Lower Yields to JPMorgan December 11, 2011, 7:26 PM EST By Daniel Kruger and Liz Capo McCormick Dec. 12 (Bloomberg) -- The strengthening U.S. economy is proving no deterrent to the biggest rally in ...
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Backlash Growing Against Survival of the Fattest

Backlash Growing Against Survival of the Fattest

ELIMINATING the benefits reaped by institutions that are too politically powerful and interconnected to fail has been an elusive goal in the aftermath of the credit crisis. Institutions most likely to receive assistance from the federal government if t...
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Why It’s Cheaper to Dine Out than to Eat In

All across the country tonight, Americans will be asking one important question: What’s for dinner?For an increasing number, the answer will be on a restaurant menu rather than their kitchen, according to a report released this week by Bank of Ame...
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The Debt Walkers Strike Back

Ilargi: It's very simple, but maybe that's the problem. For all I know it's just too simple for people to see. There's a group of people, and it's tempting to call them the 1%, but they’re not really, since there’s politicians in there too who ...
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Maverick Judge Jed Rakoff Stares Down The Street

By
December 5, 2011
Maverick Judge Jed Rakoff Stares Down The Street

One of the biggest problems with Wall Street's malfeasance is how the ruling elite view legal settlements - as little more than an acceptable cost of doing business.

Well, no more.

Thanks to Judge Jed Rakoff we may see some real regulatory action leading...
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Major Banks Face New Foreclosure Lawsuit

Major Banks Face New Foreclosure Lawsuit By GRETCHEN MORGENSON Citing extensive abuses of troubled borrowers across Massachusetts, the state’s attorney general sued the nation’s five largest mortgage lenders on Thursday, seeking relief for cons...
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Secret Fed Loans Gave Banks Undisclosed $13B

Secret Fed Loans Gave Banks Undisclosed $13B So here's what I got from this. Howard Opinsky, a spokesman for JPMorgan (JPM), declined to comment about Dimon’s statement or the company’s Fed borrowings. Jerry Dubrowski, a spokesman for Bank of Amer...
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Bank of America Shareholders May Get Diluted, Again

Bank of America Shareholders May Get Diluted, Again Dan Freed 11/23/11 - 02:51 PM EST NEW YORK (TheStreet) -- Bank of America(BAC) shareholders can look forward to additional dilution in 2012 as the bank works to satisfy regulatory capital requirem...
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S&P to update bank credit ratings within 3 weeks

.. S&P to update bank credit ratings within 3 weeks By David Henry | Reuters – 1 hr 22 mins ago... (Reuters) - Standard & Poor's plans to update its credit ratings for the world's 30 biggest banks within three weeks and may well mete out a few dow...
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The New Banking Fees That Are Silently Squeezing You

By
November 16, 2011
The New Banking Fees That Are Silently Squeezing You

Customers won a victory in early November when their protests prompted Bank of America Corp. (NYSE: BAC) to drop new banking fees on debit cards.

But while you were celebrating, banks got busy finding new ways to recoup that money.

Now they've implemented new,...
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Lloyd says the economy will snap right back, and Volcker will be overturned

http://www.bloomberg.com/news/2011-11-15/goldman-s-blankfein-growth-to- snap-back-.html And if that doesn't pan out, there's always a job waiting as head of Treasury, the Fed, or Greece. Excerpt: Goldman Sachs Group Inc. (GS), the fifth- biggest ...
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Big Banks Plead With Customers Not To Move Their Money

Yes, The Big Banks DO Care If We Move Our Money 650,000 customers moved $4.5 billion dollars out of the big banks and into smaller banks and credit unions in the last month. But there is a myth making the rounds that the big banks don’t really ca...
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Warren Buffett’s $24 Billion Bet on the U.S. Market

By
November 8, 2011
Warren Buffett’s $24 Billion Bet on the U.S. Market

Investing legend Warren Buffett must be feeling good about the U.S. market and economic outlook - he's bet $24 billion on them.

Buffett's Berkshire Hathaway Inc. (NYSE: BRK.A, BRK.B) invested $23.9 billion in this year's third quarter, the most in at least 15 years. Read More »

What I Learned From My Lunch with Vikram Pandit

By
November 8, 2011
What I Learned From My Lunch with Vikram Pandit

I've long been bearish on bank stocks and financials - but something happened last week that made me rethink my position.

I was having lunch with Citigroup Inc. (NYSE: C) Chief Executive Officer Vikram Pandit, and he had some interesting points.

According to Mr. Pandit, providing...
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Nightmare scenario: U.S. deflation risks rising

Nightmare scenario: U.S. deflation risks rising On Wednesday October 26, 2011, 4:19 pm EDT By Jason Lange WASHINGTON (Reuters) - Risks are rising that a moribund job market and potentially steep drop in inflation could push the United States into a d...
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Downgrade in late November or early December when the super committee crashes

U.S. Credit Rating Will Likely Be Downgraded Again: Merrill First Posted: 10/24/11 08:06 AM ET Updated: 10/24/11 09:34 AM ET The United States will likely suffer the loss of its triple-A credit rating from another major rating agency by the end of ...
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Fitch puts three U.S. banks on review for downgrade

Fitch puts three U.S. banks on review for downgrade On Thursday October 13, 2011, 4:42 pm (Reuters) - Fitch Ratings placed Bank of America Corp (NYSE:BAC - News), Morgan Stanley (NYSE:MS - News) and Goldman Sachs Group Inc (NYSE:GS - News) on review ...
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Volatility Derailed Quant Funds in Q3 and Clouds Their Outlook

Volatility Derailed Quant Funds in Q3 and Clouds Their Outlook By Justin Grant (mailto:jgrant@techweb.com) October 11, 2011 URL: (http://advancedtrading.com/algorithms/231900529) Beneath the cacophony of screaming headlines about the European de...
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BAC C JPM WFC gonna have a NFLX moment?

INGDirect, USAA, local credit unions, etc. happy to take disgruntled customers from BAC C JPM WFC. ING Direct Account Openings Skyrocket After BofA, Citi Fee Hikes By Martha C. White | October 11, 2011 | After Bank of America and Citibank said th...
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Occupy Wall Street moves uptown

Occupy Wall Street moves uptown By the CNN Wire Staff updated 6:28 AM EST, Tue October 11, 2011 New York (CNN) -- The Occupy Wall Street demonstrators will leave the confines of Lower Manhattan Tuesday and head uptown, organizers said. An afternoon m...
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House of Cronies: Is Freddie Mac Incompetent or Corrupt?

Three years since the collapse of Lehman Brothers, we're not any closer to purging the rot at the heart of our financial-regulatory complex. Last December, Bank of America agreed to pay $1.35 billion to Freddie Mac for nearly 800,000 faulty mortgage...
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Banking’s Self-Inflicted Wounds

Morgan Stanley in a free fall. Goldman Sachs at multi-year lows. Citigroup looking Ugly. Bank of America off 50% from recent highs. You may be wondering what is going on with the major firms in the financial sector. While each of these firms have d...
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Did big banks leave TARP too soon?

Did big banks leave TARP too soon? By Jennifer Liberto @CNNMoney September 30, 2011: 5:35 AM ET Former FDIC Chair Sheila Bair pushed for the big banks to be held to tougher capital standards before they exited TARP. WASHINGTON (CNNMoney) -- Regulato...
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Stock-ECRI Disconnect Suggests More Downside.

September 19, 2011, 1:48 PM ET. Stock-ECRI Disconnect Suggests More Downside. By Mark Gongloff Unlike her former colleague David Bianco, Bank of America-Merrill Lynch’s technical analyst Mary Ann Bartels has been fairly downbeat on the stock market ...
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S&P Could Fall 20%, 2-Year Treasury Hit 0%: Analyst

S&P Could Fall 20%, 2-Year Treasury Hit 0%: Analyst Published: Monday, 12 Sep 2011 | 4:27 PM ET Text Size By: John Melloy Rising risk aversion, a surging U.S. dollar, historical seasonal weakness and a climb in bonds could send the S&P 500 down as mu...
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Bank of America now back to the six-buck area

Well, according to this link: http://finance.yahoo.com/q?s=bac&ql=1 ...Bank of America is solidly back in the six-dollar range, and headed lower. Poor "Uncle Warrant" must be kicking himself for piling into this pig. Anyway, are we coming closer to...
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Report: Bank of America job cuts may hit 40,000

Report: Bank of America job cuts may hit 40,000 Boston Business Journal by Tim McLaughlin Date: Friday, September 9, 2011, 7:00am EDT BAC reeling from concerns over the size of its liability from troubled mortgages, has discussed cutting up to 40,00...
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Grieving widow hounded 48 times a day by BofA Collectors

When Deborah Crabtree's husband died of cancer, she held a wake in her home, leaving the answering machine on so guests could listen to calls of condolence and support. What they heard instead was Bank of America debt collectors calling about every...
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