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posted by drewb612 vote down flag
Bank of America Already Dismantling the Merrill Franchise: The Cracks are Starting to Form
economicdiscourse.com - 2/26/2009
Bank of America Already Dismantling the Merrill Franchise: The Cracks are Starting to Form
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The WSJ reports that Bank of America is looking to sell First Republic Bank. The private bank that was purchased in 2007 from Merrill for $1.3 billion. This marks a critical point for the institution, it has turned to selling assets as a source of cash. Our own government could partly be at ...
baselinescenario.com - 2/26/2009
No, Wait! You Got It Backwards!
— baselinescenario.com — There is nothing inherently wrong with convertible preferred stock. In Silicon Valley, for example, venture capitalists almost... always invest by buying convertible preferred. The idea is that in the case of a bad outcome, the VCs are protected, because their shares have priority over the common ... (more) No, Wait! You Got It Backwards!

Comments vote down jamesykwak jamesykwak posted 2/26/2009posted this
Bank of America’s Lewis Says He Can Go It Alone as Stock Slides
bloomberg.com - 2/22/2009
Bank of America’s Lewis Says He Can Go It Alone as Stock Slides
— bloomberg.com — Feb. 21 (Bloomberg) -- Bank of America Corp. Chief Executive Officer Kenneth Lewis , under siege from... investors on concern the company may be taken over by the U.S. government, said he doesn’t need any more federal assistance and can “make it through ... (more) Bank of America’s Lewis Says He Can Go It Alone as Stock ...

Comments vote down Short-Term Trading found this 2/22/2009found this
chartingstocks.net - 2/20/2009
Gone in 60 Days: Citi and Bank of America Won't Live to See May
— chartingstocks.net — bac77 Citigroup (C) and Bank of America (BAC) won’t live to see May. The government will take... them over within the next 60 days. The announcement may come as soon as tomorrow evening. If there’s one thing our readers know, it’s that ChartingStocks.net ... (more) Gone in 60 Days: Citi and Bank of America Won't Live to ...

Comments vote down Across the Curve found this 2/20/2009found this
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