As Bank of America continues to cope with fallout from the housing and mortgage crisis, the financial institution may have to pay some year-end employee bonuses in the form of stock because of a possible cash shortfall related …
Bank of America, Citigroup and Wells Fargo are among U.S. banks that said in Friday regulatory filings they may incur costs defending lawsuits from investors in their mortgage-backed securities.
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The Federal Reserve may soon start letting some banks boost their dividends again, according to a story in The Wall Street Journal that cites anonymous sources. The move would signal confidence in the new financial regulations …
The world’s largest retailer, Walmart Stores, wants to get even larger: It has joined the bidding war for Indonesian retailer Matahari’s hypermarket business, Hypermart, a deal that could be worth up to $1 billion, unnamed sour…
BlackRock’s stock price fell sharply on Wednesday morning after the global investment management firm confirmed that Bank of America and PNC Financial Services would sell 42 million of its shares in a secondary offering.
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