Bank of America Corp


  • BofA Private Bank Keeps U.S. Trust Name: N.Y. Times Monday, 18 Jun 2007 | 4:53 AM ET
    A Bank of America branch.

    Bank of America's private bank business serving rich customers will be named U.S. Trust, marking the first time the company has adopted the name of a business it has bought, the New York Times reported on Monday.

  • U.S. Stocks closed broadly higher, posting the best weekly gain in nearly two months, following tame inflation news. "The market has so much upward momentum right now," said Darin Richards, chief investment officer at AKT Wealth Advisors. "I don't think I see anything right now that would really derail this market substantially."

  • Bank of America Shelves ABN Amro Lawsuit Friday, 15 Jun 2007 | 5:16 PM ET

    Bank of America has shelved plans to take ABN Amro to court, preferring to wait until the Dutch Supreme Court rules on the Dutch bank's sale of its U.S. unit, a Bank of America spokesman said on Friday.

  • There are ways to play the stock market when interest rates are rising, analysts say, but investors should proceed with caution. "The market doesn't normally do well with rising interest rates, so a more defensive posture is in order," Bruce Bittles, chief investment strategist at Robert W. Baird, told CNBC.com."

  • ABN Faces Job Turmoil as Takeover Drama Drags On Thursday, 14 Jun 2007 | 11:11 AM ET

    Three months of takeover turmoil surrounding ABN Amro are taking a toll on the Dutch bank as employees become increasingly frustrated and rivals try to lure away talent.

  • Barclays Could Sweeten Offer for ABN Amro: Source Wednesday, 13 Jun 2007 | 8:24 AM ET

    Barclays has not ruled out adding cash to the terms its ABN Amro offer should it need to boost its bid to fight off a rival offer from a consortium of banks led by Royal Bank of Scotland, a source familiar with the matter said on Wednesday.

  • Fortis Chief Rules Out Bidding War for ABN: Paper Tuesday, 12 Jun 2007 | 3:05 AM ET

    Fortis Chief Executive Jean-Paul Votron said the company would not get into a bid war for Dutch bank ABN Amro, which it wants to buy in a consortium led by Royal Bank of Scotland.

  • Stocks closed sharply higher as bargain hunters helped the market snap three-day selloff. "Bond yields have been rising and people stepped back from the market but came back in today and invested money that was piling up on the sidelines in the past couple of days," said David Goerz, chief investment officer at HighMark Capital.

  • Barclays President Bob Diamond is "quietly confident" the bank's $84.6 billion offer for ABN Amro will succeed over a rival offer from a consortium led by the Royal Bank of Scotland, and said that he expects the Dutch bank's disputed sale of LaSalle to go ahead.

  • Bank of America Appeals "Shocking" ABN Ruling: FT Friday, 8 Jun 2007 | 6:17 AM ET

    Bank of America has accused a Dutch court of unlawful action by blocking its $21 billion purchase of ABN Amro's U.S. unit LaSalle Bank in an appeal filing, the Financial Times reported on Friday.

  • Royal Bank of Scotland said on Tuesday it was not in talks with Bank of America regarding an attempt to resolve the purchase of LaSalle Bank, the U.S. arm of ABN Amro that is the subject of a dispute.

  • ABN Amro urged a Royal Bank of Scotland-led consortium and Bank of America to settle their dispute over the acquisition of ABN's U.S. unit, LaSalle, as the subsidiary's future remains a sticking point in the takeover battle for the Dutch bank, the Financial Times reported Friday.

  • Dendreon: the Ride Thursday, 31 May 2007 | 10:42 AM ET

    Before the bell this morning, the ever-popular Dendreon put out a press release ahead of its presentation later today at the Bank of America Healthcare Conference in Las Vegas. You can listen to the presentation via Webcast at 1 p.m. ET. The company says that the Food and Drug Administration has confirmed that it will "accept either a positive interim or final analysis of survival" from the ongoing, larger clinical trial on Dendreon's highly controversial prostate cancer treatment Provenge.

  • ABN Amro Supervisory Board Steps into Takeover Battle Wednesday, 30 May 2007 | 4:30 AM ET

    ABN Amro's supervisory board is getting more involved in the Dutch bank's takeover battle after a consortium led by Royal Bank of Scotland launched a bid, ABN said on Wednesday.

  • The CEO of Royal Bank of Scotland told CNBC that the bank's $95.7 billion bid for Dutch Bank ABN Amro is more attractive than Barclays' rival bid because it offers a higher premium and will result in fewer lost jobs with more market synergies.

  • RBS Consortium Launches $95.7 Billion Bid for ABN Amro Tuesday, 29 May 2007 | 5:01 PM ET

    A consortium led by Royal Bank of Scotland launched a 71.1 billion euro ($95.7 billion) bid for Dutch group ABN AMRO, trumping Britain's Barclays in a battle for the world's biggest bank takeover.

  • Archstone-Smith Trust, a real estate investment trust, signed a definitive agreement to be acquired by Tishman Speyer and Lehman Brothers in a deal worth about $22.2 billion including debt, Archstone said.

  • Stocks closed moderately higher, with the Dow rising in late trading, as investors found encouragement in continued M&A news. "The private equity game, in my view, is in the early innings and corporate credit spreads are telling you that," said Jason Trennert, chief investment strategist at Strategas Research Partners.

  • A consortium of banks led by Royal Bank of Scotland will decide by May 29 whether it will make an official bid for the Netherlands' ABN Amro, it said in a statement Friday.

  • Stalled ABN Deal Weighs on Barclays Thursday, 24 May 2007 | 4:42 AM ET

    Shares of Barclays fell Thursday, as uncertainty about the outcome of its deal to acquire Dutch rival ABN Amro overshadowed an upbeat trading statement.