The capital-squeezed Bank of America (BOA) yesterday raised US$7.3 billion through sale of 13.5 billion H shares in China Construction Bank Corp (CCB)<601939><0939> at HK$4.20 apiece, or a 14.3% discount to their Monday closing price, the Shanghai Securities News reported on Wednesday.The share sale...
NEW YORK, May 12 - U.S. stocks opened higher on Tuesday after positive comments on the economy and banks from Fed Chairman Ben Bernanke and Bank of America Corp sold its stake in a Chinese...
Bank of America (BOA) has been in negotiations with Temasek Holdings Pte Ltd, Singapore's sovereign wealth fund, regarding the sale of part of its stake in China Construction Bank Corp (CCB)<601939><0939>, one of the Big Four state-owned banks in China, sources reported on Tuesday, citing...
HONG KONG, May 12 - Bank of America is selling $1.9 billion worth of shares in China Construction Bank, as the struggling U.S. bank seeks to raise funds after being hit hard by the financial...
* Considering sale of Columbia asset management unit * May enter joint ventures * Shares up 76 cents at $14.27 after-hours (New throughout) NEW YORK, May 7 - Bank of America Corp, ordered by the...
NEW YORK, May 7 - Bank of America Corp, ordered by the government to find $33.9 billion of capital, said on Thursday it plans to sell assets and issue more common stock to cover the...
NEW YORK, May 6 - Bank of America Corp may find it relatively easy to raise the $34 billion in capital required by a U.S. stress test without increased government intervention, welcome news for its...
* Blackrock, Franklin, Federated bid - Bloomberg * Process not open to buyout shops - Bloomberg * More companies may bid - Bloomberg NEW YORK, May 6 - Bank of America Corp has received preliminary...
SAO PAULO, May 6 - Large international investors have shown interest in a minority stake in Itau Unibanco held by Bank of America Corp, the Brazilian bank's chief executive said on Wednesday. Bank of America,...
NEW YORK, May 6 - Deutsche Bank AG has hired Greg Starkins away from Bank of America Corp to head up its U.S. aerospace and defense investment banking unit, according to an internal memo obtained...