HONG KONG, May 12 - Shares of China Construction Bank reversed earlier losses and rose more than 4 percent on Tuesday after a report that Bank of America had sold $7.3 billion worth of shares...
HONG KONG, May 12 - Bank of America <BAC.N> sold about $7.3 billion worth of shares in China Construction Bank <601939.SS> <0939.HK>, Bloomberg reported, as the struggling U.S. bank seeks to raise money to weather...
Bank of America (BOA) is considering selling part of its US$8-billlion stake in China Construction Bank (CCB)<601939><0939>, one of the Big Four state-owned banks in China, to improve its financial status, the Financial Times reported on Wednesday.BOA, which is negotiating with U.S. government officials on...
MELBOURNE, May 6 - Australian stocks turned to a loss of 0.9 percent on Wednesday as news the Bank of America <BAC.N> may need to raise $34 billion in extra capital put investors on edge,...
HONG KONG, May 6 - Asian bond spreads widened on Wednesday, as a report that Bank of America <BAC.N> may need $34 billion in extra capital prompted investors to take profits. "Caution will continue until...
* Source says Bank of America needs $34 bln in capital * Equities fall, yen rises as stress test uncertainty builds * Risk rally on pause but may not be dead HONG KONG, May 6...
NEW YORK, May 3 - Bank of America Corp is working on plans to raise more than $10 billion in fresh capital, even as it and Citigroup Inc launch last-ditch attempts to convince the U.S....
Bank of America Corp is working on plans to raise more than $10 billion in fresh capital, even as it and Citigroup Inc launch...
* CEO Kenneth Lewis may have to give up chairman role * Merrill merger criticized * Bank's share price has tumbled CHARLOTTE, N.C., April 29 - Bank of America Corp's embattled CEO, Kenneth Lewis, may...
* Bank of America Q1 profit soars but so do credit losses * German fell deeper into recession in Q1 2009 - Bundesbank * Stimulus packages working, but more needed -OECD's Gurria * Obama says...