Bank of America Corp


  • Banks Offer More Than $60 Billion Towards Fund: WSJ Sunday, 21 Oct 2007 | 9:34 PM ET

    Banks and other financial institutions have expressed interest in providing more than $60 billion towards a super-sized fund aimed at bailing out structured investment vehicles, The Wall Street Journal reported on Sunday.

  • Banks Launch Reform Drive in Wake of Credit Crisis Sunday, 21 Oct 2007 | 2:41 PM ET

    The world's top banking lobby on Sunday accepted responsibility for the U.S. subprime lending crisis and launched a broad reform program designed to mend cracks in ailing credit markets.

  • Chance to Recoup Stock Losses to Hinge on Earnings Sunday, 21 Oct 2007 | 11:28 AM ET

    U.S. stock investors looking to recoup from the worst week in almost three months will have to keep one eye out for signs of weakness in earnings due this week and the other on the threat surging oil prices.

  • Dollar Sinks Further on Economic Worries Friday, 19 Oct 2007 | 5:52 PM ET

    The dollar hit a fresh record low against the euro and a basket of currencies on Friday, pressured by the growing view that a slowdown in the U.S. economy will force another cut in interest rates this month.

  • Citigroup Will Not Have Asset Fire Sale: WSJ Thursday, 18 Oct 2007 | 11:35 PM ET

    Citigroup executives say they have enough funding in place to support the $80 billion in structured investment vehicles the bank manages and won't be forced to sell assets atdistressed prices, The Wall Street Journal reported on its web site.

  • Stocks ended mixed as Bank of America's earnings shortfall was countered by strong tech and healthcare earnings. "In the last few days there is more concern about this bleeding into the fourth quarter, with the Bank of America comments and housing having more of a negative impact on the consumer than maybe we've seen so far," said Alec Young, equity strategist at S&P.

  • Stop Trading!: Live From Georgia Tech Thursday, 18 Oct 2007 | 3:25 PM ET

    Not every bank is a lost cause, Cramer said. Here are a few that are pulling their weight.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.

  • Fear Walking Down The Street Thursday, 18 Oct 2007 | 2:16 PM ET

    You can hear the wings flapping in the Treasury market, as the big flight to safety trade that started yesterday continues. The dollar is skidding to new lows, and a bit of fear has returned to the street.

  • Bank of America: Troubles Might Just Be Starting Thursday, 18 Oct 2007 | 11:45 AM ET

    Midday observations: Bank of America joining Citi in essentially announcing they are eliminating their share buyback program (to be technical, the headline said "only limited share buybacks until late '08"). It's likely that their hefty $2.56 dividend (5.3% yield) is safe, for the time being.

  • European Stocks Close Lower on Bank of America Miss Thursday, 18 Oct 2007 | 11:39 AM ET

    European stocks finished in negative territory Thursday, after a sharper-than-expected drop in Bank of America's third-quarter profit caused by the credit crisis dragged financial and banking stocks lower.

  • Bank of America Earnings Skid, Surprising Investors Thursday, 18 Oct 2007 | 9:53 AM ET
    Bank of America branch, New York City.

    Bank of America's quarterly profit fell a much larger-than-expected 32 percent, hurt by mounting credit losses and poor trading results in its investment banking unit.

  • Stocks: Familiar Problems, Familiar Struggles Thursday, 18 Oct 2007 | 9:46 AM ET

    Stocks are struggling with familiar problems this morning: 1) The Yen has rallied against the dollar and other currencies, again reviving concerns about the yen carry trade unwinding; European equities are lower.

  • Market Insider: Techs Catch the Big Fish Wednesday, 17 Oct 2007 | 8:29 PM ET

    Technology has been a big lure in an otherwise fishy stock market this week.

  • Abbott Profit Flat as Charges Take Toll Wednesday, 17 Oct 2007 | 1:35 PM ET

    Abbott Laboratories on Wednesday said third-quarter earnings were little changed due to special charges, but the company reported sharply higher sales of its prescription drugs and medical devices.

  • Citigroup Denies Rumors That CEO Will Resign Wednesday, 17 Oct 2007 | 12:13 PM ET
    Chuck Prince

    Citigroup denied speculation in the markets that embattled CEO Charles Prince had been asked to step down, a rumor that briefly sent Citi shares higher.

  • China CCB Not Keen on Bear Stearns, Thwarted by US Wednesday, 17 Oct 2007 | 3:53 AM ET

    China Construction Bank said it has been frustrated by the United States in its attempts to expand there and is not interested in buying into investment bank Bear Stearns.

  • Regional Bank Woes Signal A Long Recovery Tuesday, 16 Oct 2007 | 2:19 PM ET

    Regional banks hit new lows today, as traders gave up on any short-term recovery and the hope that the worst is behind us. Big names like KeyCorp, Zions Bancorp, National City, SunTrust, and M&T hit new lows today.

  • Pimco's Gross: Rate Cut Coming, But Not in October Tuesday, 16 Oct 2007 | 1:26 PM ET

    The Federal Reserve will cut interest rates again but probably not at the October policy-making meeting, said Bill Gross, manager of the world's biggest bond fund on Tuesday.

  • US Banks' Fund Signals Corporate-Credit Risk Tuesday, 16 Oct 2007 | 8:29 AM ET

    A recently announced fund aimed at easing the global-liquidity crunch may signal problems in corporate financing down the road, Ralph Silva, senior research analyst at TowerGroup, told "Squawk Box Europe."

  • Super Fund, Oil Causing Street "Indigestion" Monday, 15 Oct 2007 | 5:08 PM ET

    A plan by major banks to lump some of their more toxic assets into a debt super fund is giving Wall Street a case of indigestion. Couple that with the sting of record oil prices, and a so-so day turned into a sea of chop.