Search results
Results From The WOW.Com Content Network
Berkshire has sold 150.1 million shares of Bank of America for $6.2 billion since July 17, SEC filings show, slashing its holdings of the mega bank by 14.5%. After the sale, Berkshire remains...
The Bank of America Corporation (often abbreviated BofA or BoA) is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina, with investment banking and auxiliary headquarters in Manhattan.
In 2013 the U.S. government sued Bank of America for financial fraud, and the following year the company agreed to pay $16.65 billion. This article was most recently revised and updated by Amy Tikkanen. Bank of America, one of the largest banking and financial services corporations in the United States.
After negotiations, Bank of America finalized a deal to acquire the $16 billion-asset Seafirst, at the time the largest interstate banking transaction in U.S. history. The purchase allowed Bank of America entry into attractive new markets in Washington, Oregon and Alaska.
Bank of America CEO Brian Moynihan will have difficulty justifying the bank’s $93.6 billion in share buybacks over the past five years if it is forced by regulators to issue new shares to ...
Bank of America now owns Merrill Lynch, U.S. Trust, and BankBoston. The bank also absorbed and renamed Countrywide Financial and LaSalle Banking. Its most recent major acquisition, in...
One of the most notable implications of Bank of America’s acquisitions is the consolidation of power within the banking sector. As the bank acquired smaller institutions and absorbed their customer base, it increased its market share and influence, leading to a more concentrated industry.
OMAHA, Neb. (AP) — Investor Warren Buffett’s company has unloaded more of its Bank of America stake, selling nearly 25 million shares worth almost $1 billion over the past week. Berkshire Hathaway has steadily sold off 116 million Bank of America shares since July.
Here's why the sales of Apple and Bank of America, as well as another stock Berkshire actually recently bought, indicate that could be the reason. Story Continues
The SPDR S&P Regional Banking exchange-traded fund traded nearly 11% higher at 10:45 a.m. ET, the biggest single-day move I can recall while covering bank stocks. Shares of the second-largest bank ...