BofA Hires Goldman Investment Banker
Chris Hogg, who worked closely with a Goldman unit that helped financial institutions raise money, is part of a renewed push into investment banking for the Charlotte, N.C.-based bank.
Related Topics: Financial Services | Banks
01:43PM 07/24/08
BofA Approves $3.75 Billion Buyback
The bank is authorized to repurchase up to 75 million shares over the next 12 to 18 months.
Related Topics: Banks | Financial Services
03:35PM 07/23/08
Key Loss Fueled by Loan Loss, Tax Cushions
The Cleveland bank increased its loan loss provision more than threefold, driving its loss to $2.70 a share.
Related Topics: Earnings | Banks | Financial Services
11:45AM 07/22/08
Citi's Pandit Consolidating Power
The departure of Michael Klein, a one-time rival to the bank's top spot, is further evidence the CEO is asserting his influence.
Related Topics: Financial Services | Banks
08:45PM 07/21/08
Amex Posts Big Profit Miss (Update)
The credit card company said it was hit by a weakening economy and declining consumer confidence.
Related Topics: Earnings | Financial Services
07:00PM 07/21/08
Goldman Cashes In on Banks' Misery
The investment bank jumped to the head of the class in terms of fees earned from raising equity for other financial institutions.
Related Topics: Financial Services | Banks
10:49AM 07/14/08
Corsair's National City Deal Concerns Fed
Measures that protect private equity firms from having their stake diluted may make it more difficult for banks to raise money in the future, sources familiar with central bankers' thinking say.
Related Topics: Banks | Financial Services
02:41PM 07/09/08
Merrill, Citi Cut By Oppenheimer's Whitney
The analyst lowers estimates for the two banks, citing exposure to downgraded bond insurers.
Related Topics: Earnings | Banks | Financial Services
12:21PM 07/02/08
The private-equity firm and Nat City agree to changes after the troubled Ohio bank's stock plummeted more than 40% since the agreement was struck.
Related Topics: Financial Services | Banks
04:22PM 06/30/08
Morgan Stanley Hit by Moody's Review
The investment bank 'likely' will see its long-term debt downgraded, the ratings agency says.
Related Topics: Banks | Financial Services
04:55PM 06/27/08
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