Banks
BofA Shareholders Target Lewis, Merrill Deal
BofA accepted an additional $20 billion to seal the Merrill deal as escalating losses -- totaling over $15 billion last quarter -- came to light. Merrill's unseemly decision to award executives with $3.6 billion in bonuses on an accelerated schedule just before the acquisition was complete has also brought BofA into the spotlight over how much it knew about the awards and when.
BofA shares have recovered some value amid bullishness over the past week or so, closing up 26% to $7.80 on Monday. Shares were losing 3.7% to $7.51 in recent trading on Tuesday.TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
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|---|---|---|---|---|
| 12,393.45 | 1,310.33 | 2,827.34 | 15.81 |
Oil *
101.78
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26.41 |
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2.99 |
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10.02 |
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0.44 |
10 Yr
1.58%
SPDR Gold
151.62
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-0.21%
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-0.23%
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-0.35%
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-2.71%
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