Bank of America

Bank of America in Chinese sale

BBC News (Free subscription) | yesterday

Bank of America is to sell a stake in China Construction Bank, in an move that could raise $3bn, the Chinese bank says.

Ken Lewis, Bank of America Chief, Gives Up Bonus

Offshore Services (Free subscription) | yesterday

Bank of America's chief executive, Kenneth D. Lewis, is joining the growing ranks of top banking executives who are giving up annual bonuses after a dreadful year in the financial industry

• Bank of America's Chief Gives Up Bonus - Rocky Mount Telegram - Business
• Bank of America's Chief Gives Up Bonus - Daily Advance - Business
• See the 11 articles on the same subject

Bank of America Sells China Construction Bank Stock (Update4) - Bloomberg

Shanghai City (Free subscription) | yesterday

Jan. 7 (Bloomberg) -- Bank of America Corp. sold $2.8 billion of China Construction Bank Corp. shares to replenish capital after completing the biggest financial-services ...

• UPDATE 3-Bank of America sells $2.8 bln China bank stake - Reuters UK
• BofA sells China Construction Bank stake at discount - Financial Time
• See the 35 articles on the same subject

Bank of America sells $2.8 billion China bank stake (Reuters via Yahoo! News)

WorkAtHome (Free subscription) | yesterday

Top U.S. lender Bank of America , raising cash to weather a dismal market at home, sold a $2.83 billion chunk of its holding in China Construction Bank (0939.HK) on Wednesday, dragging the Chinese bank’s stock 6 percent lower.

Bank of America sells $2.8 billion China bank stake (Reuters via Yahoo! Canada News)

WorkAtHome (Free subscription) | yesterday

Top U.S. lender Bank of America , raising cash to weather a dismal market at home, sold a $2.83 billion chunk of its holding in China Construction Bank on Wednesday, dragging the Chinese bank’s stock 6 percent lower.

UPDATE 1-Bank of America CEO Lewis to skip '08 bonus-reports

Reuters UK (Free subscription) | 06/01/2009

NEW YORK, Jan 6 (Reuters) - Kenneth Lewis, Chief Executive of Bank of America Corp , has recommended to his board of directors that he not receive a bonus for 2008, news reports said on Tuesday.

• Bank of America CEO Lewis to skip '08 bonus: reports - Reuters

Bank of America CEO sees 2008 results below expectations

Market Watch (Free subscription) | 06/01/2009

Bank of America Chief Executive Kenneth Lewis warns that 2008 results will fall short of expectations and says executives at the giant lender, including himself, shouldn't get bonuses for last year, according to a report.

• Bank of America CEO to skip '08 bonus - MSNBC.com: U.S. Business
• BofA Lewis expects results to be below expectations: WSJ - Market Watch

Before the Bell: Alcoa, Bank of America, Satyam, employment data in focus

Market Watch (Free subscription) | yesterday

U.S. futures extended losses Wednesday after a worse-than-expected reading on U.S. employment added to pressure from Alcoa's decision to slash jobs and lower production.

Major Chinese bank says Bank of America selling part of stake; deal may be worth $3 billion

Star Tribune (Free subscription) | yesterday

Bank of America will sell 5.62 billion shares it holds in China Construction Bank, the Chinese bank said in a statement. It gave no financial details but Construction Bank shares were trading at 4.24 Hong Kong dollars (54 U.S. cents) on Wednesday morning in Hong Kong, which could make the deal worth up to $3 billion.

Bank of America thinks several moves ahead in working with MediaLabs

Javelin Strategy and Research (Free subscription) | 3 hours ago

I recently spent the day at MediaLabs to understand how Javelin’s client Bank of America is experimenting to find the next series of financial services breakthroughs, and came away stricken with all the possibilities. While Javelin’s research is all about taking careful aim at a particular problem or opportunity, the MediaLabs approach is something that [...]

The Cutting Edge: The Bank of America Tower

MCNY.org Public Programs - all (Free subscription) | 3 hours ago

Celebrated architect Richard A. Cook, Cook + Fox Architects LLP, will share his experiences as an innovator in the field of green design.

Bank of America sells China bank stake

Indian Express (Free subscription) | 4 hours ago

Top US lender Bank of America raised $2.83 billion from selling part of its holding in China Construction Bank and Hong Kong's richest tycoon followed by selling a $500 million stake in rival Bank of China.

They Just Don't Get Bank of America!

The Street (Free subscription) | 5 hours ago

Marek Fuchs laughs in the general direction of the business media, who assume that Merrill brokers will follow their grand leader out the door.

Bank of America sells part of Chinese bank stake for $2.8 billion, raising cash amid turmoil

Star Tribune (Free subscription) | 6 hours ago

Bank of America received a $15 billion preferred equity investment from the U.S. government last year as part of its $700 billion bailout package. As a condition for receiving government money, lawmakers are making companies reel in bonuses. Spokesman Scott Silvestri said Tuesday that Lewis' decision had nothing to do with receiving the investment.

Does Bank of America have enough capital? - BloggingStocks

Offshore Services (Free subscription) | yesterday

Bank Of America (NYSE: BAC) now stands as a symbol of the U.S. banking system, so it better not fail