Bank of America
Bank of America to shed 30,000 jobs over next few years
13 Sep 2011
Full implementation of Phase I of the cost-cutting strategy will result in savings of $5 billion a year, on a baseline of $27 billion in annual expenses, by 2014.
Bank of America job cuts to rise to 30,000 over the next several years
03 Sep 2011
Bank of America Corp is finalisng plans to cut around 10 per cent of its workforce or approximately around 25,000 to 30,000 jobs over the next several years.
Bank of America dips into Warren Buffett's Berkshire for $5-billion bailout
26 Aug 2011
Besides the $5 billion investment in BofA's cumulative perpetual preferred stock, Berkshire Hathaway will also receive 10-year warrants allowing it to purchase 700 million of common stock at $7.14 per share.
Bank of America axes 3,500 jobs
19 Aug 2011
Bank of America takes a $3-billion mortgage settlement charge
03 Jan 2011
The financial losses along with the lost computer data could cause a reputation crisis for the bank
Bank of America tops magazine ranking of 1,000 banks
30 Jun 2010
The Banker magazine's 2010 ranking of the world's banks places Bank of America on top on the basis of the strength of its capital while Industrial and Commercial Bank of China (ICBC) tops the profit league.
Geithner for extending TARP till October 2
10 Dec 2009
BoA repays $45 billion TARP funds
10 Dec 2009
The bank also paid the government $190 million in accrued dividends on the repurchased preferred securities.
Bank of America to retire $45 billion bailout debt in days
03 Dec 2009
The move could free the top US lender from pay curbs even as it is set to hire a new chief, but may make it more vulnerable to economic shocks
Bank of America to sell First Republic Bank for $1 billion
22 Oct 2009
In an effort to raise capital through asset sale, BankAm is divesting for an undisclosed sum First Republic, which it acquired in January this year through its acquisition of Merrill Lynch
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