Linda Young – AHN News Writer Charlotte, NC, United States (AHN) – Bank of America Corp. saw its first-quarter profit drop to $653 million, compared to a profit of $2 billion for the same period last year. Earnings were 3 cents per share, down from 17 cent per share a year ago. The bank said [...]
Posts Tagged ‘Bank’
Bank of America sees profits drop
April 22nd, 2012 
davidguide 
Posted in Loans 
Tags: AHN, Bank, bank of america corp, banks in the world, Drop, largest banks in the world, Morgan, morgan stanley, profit, profit drop, quarter profits, stress tests 
Comments OffWorld Bank president plans to leave in June
February 16th, 2012 davidguide Linda Young – AHN News Writer Washington, D.C., United States (AHN) – World Bank President Robert Zoellick plans to leave his post after five years when his term expired on June 30. Zoellick began his term under President George W. Bus. He previously served the Bush administration as deputy secretary of state and U.S. Trade [...]
Posted in Loans Tags: AHN, Bank, Bush, debt crisis, global membership, linda young, Post, President, robert zoellick, world bank president, world war ii, writer washington Comments OffAtlanta’s tallest building heading for foreclosure
January 17th, 2012 davidguide Diane Alter – AHN News Reporter Atlanta, GA, United States (AHN) – Oh how the tall and mighty have fallen. Atlanta’s tallest building, Bank of America Plaza, a tower bought at the market peak, has been struggling with rising vacancy rates and a heavy debt load. A foreclosure date has been set for the storied [...]
Posted in Loans Tags: AHN, auction, Bank, bank of america, building, Debt, debt load, financial partners, foot tower, foreclosure auction, market peak, vacancy rates Comments OffU.S. to sue big banks over risky mortgages
September 5th, 2011 davidguide Diane Alter – AHN News Reporter New York, NY, United States (AHN) – The Federal Housing Finance Agency (FHFA) is set to sue a dozen banks over risky mortgage-backed securities they sold and that lost value during the housing collapse, according to reports from the Wall Street Journal and the New York Times. The suit [...]
Posted in Mortgages Tags: AHN, Bank, dozen, Fannie Mae, Finance, goldman sachs, housing, housing finance agency, jp morgan chase, mortgage backed securities, mortgage buyers, subprime loans Comments OffBuffett invests $5 billion in Bank of America
August 26th, 2011 davidguide Vittorio Hernandez – AHN News Charlotte, NC, United States (AHN) – Warren Buffett’s Berkshire Hathaway will invest $5 billion in Bank of America, the bank announced on Thursday. The fresh capital is expected to boost BofA’s finances after losses suffered by the bank over subprime mortgages. Berkshire will purchase cumulative preferred stocks that pay 6 [...]
Posted in Mortgages Tags: aggressive measures, AHN, Bank, berkshire hathaway, BofA, goldman sachs, goldman sachs group, Hernandez, percent, preferred stocks, subprime mortgages, warren buffett Comments OffBank of America sells credit card unit
August 16th, 2011 davidguide Vittorio Hernandez – AHN News Charlotte, NC, United States (AHN) – Bank of America agreed on Monday to sell its Canadian credit card unit to Toronto-Dominion Bank for $7.6 billion cash. The unit was acquired by former BofA Chief Executive Officer Kenneth Lewis and is one of over 20 bank assets or units sold by [...]
Posted in Mortgages Tags: AHN, Bank, BofA, chrysler financial, credit card business, first republic bank, Hernandez, lending, new york stock, new york stock exchange, toronto dominion bank, york stock exchange Comments OffEU Central Bank to buy government bonds on fears of panic selling in world stock markets
August 8th, 2011 davidguide Windsor Genova – AHN News News Writer Frankfurt, Germany (AHN) – The European Central Bank on Sunday decided to buy eurozone government bonds to deter a possible panic selling on Monday’s opening of stock market trading. The decision was made through a tense evening video conference of the European Union’s 17 central bank governors, who [...]
Posted in Loans Tags: AHN, Bank, Central, central bank governors, Debt, frankfurt germany, Genova, government bonds, largest economies, selloffs, stock market trading, world stock markets Comments OffInterest rates must be raised this year, OECD warns
May 25th, 2011 davidguide OECD also said the sluggishness of the UK economy will feed through into higher unemployment The west’s leading economic thinktank warned the Bank of England on Wednesday that it would have to start raising interest rates this year to prevent inflation taking hold in the UK. In a downbeat assessment of the prospects for the [...]
Posted in Loans Tags: Bank, downbeat assessment, economy, England, George Osborne, household consumption, interest, monetary policy committee, preferred measure, public consumption, real incomes, unemployment Comments OffMENA has highest unemployment in world
May 22nd, 2011 davidguide In the Middle East and North Africa, the youth unemployment rate at 25 percent is the highest in the world. But that statistic alone doesn’t tell the whole story. World Bank researchers are finding that the actual number of jobless people between the ages of 15 and 29 in the region could be much higher. [...]
Posted in Loans Tags: Bank, Middle East, north africa, percent, Post, region, statistic, unemployment, unemployment rate, world bank, world bank researchers, youth unemployment Comments OffWest Begins Building Aid Pipeline to Arab Spring Economies
May 22nd, 2011 davidguide The Media Line Staff Tel Aviv, Israel (TML) – Western powers and their allies in the Middle East hope to grease the wheels of democracy and political stability as they begin to release billions of dollars in loans and other financial aid to the region’s Arab Spring economies. The economies of countries like Egypt, Tunisia [...]
Posted in Loans Tags: Bank, domestic opposition, economies, Finance, international monetary fund, international monetary fund imf, paul rivlin, political unrest, region, Spring, tel aviv israel, term prosperity Comments Off