dealbook.blogs.nytimes.com - 1/22/2009
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The controversy over Bank of America 's acquisition of Merrill Lynch appeared to grow on Thursday with a report in the Financial Times that Merrill paid out billions of dollars in bonuses to its employees three days before the sale went through -- and well before it has paid out bonuses in ...
Did Bank of America Mislead Investors?
dealbook.blogs.nytimes.com 1/16/2009 — Bank's of America's not-so-surprising announcement on Friday that it is being bailed out by the federal government because of excessive losses at its new Merrill Lynch subsidiary raises a number of questions. The most significant of these is what did ...
Bank of America Goes Public on Back Door Politics of Merill Deal
economicdiscourse.com 2/5/2009 — Bank of America broke the critical $5/per share level today on renewed concerns about their financial stability. The markets are fearing the worst, and as the ship begins to sink, new information on the politics of the merger are beginning to bubble up. Bank of America is essentially declaring ...
Bank of America Threatens Fed, Demands More Cash From Taxpayers
globaleconomicanalysis.blogspot.com 1/16/2009 — Bank of America fell a whopping 18.43% today, hitting a new 52 week intraday low of $7.35 on concerns it is not going to easily be able to digest the merger with Merrill Lynch. I suggest Bank of America has easily bitten off more than it can chew and ...
Ken Lewis, the Master Government Negotiator
dealbook.blogs.nytimes.com 5/15/2009 — Bank of America's Kenneth Lewis has made some questionable private deals, but he is a master at negotiating with the government and leveraging a weak hand to cover his missteps, The Deal Professor says.
No, Wait! You Got It Backwards!
baselinescenario.com 2/26/2009 — 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 on Bank of America
baselinescenario.com 9/28/2009 — Last Wednesday I wrote a highly critical post about the agreement between Bank of America(BAC) and the government (Treasury, the Fed, and the FDIC) to terminate BAC’s asset guarantee agreement in exchange for a payment of $425 million. I’ve learned some more about this and I think ...
Bank of America: Growth Takes a Back Seat
blog.ockhamresearch.com 5/12/2009 — Bank of America ( BAC ) has undoubtedly been one of the most active stocks in the market over the last couple of weeks. Last week alone, the bank’s stock was up more than 60% after results of the stress tests revealed that the bank will need to raise as much as $34 billion. It was ...
In Bank of America Mess, Whither Wachtell?
dealbook.blogs.nytimes.com 10/16/2009 — Deal Professors Steven Davidoff and Peter Henning mull over the potential dilemma facing Wachtell, Lipton, Rosen & Katz after Bank of America agreed to waive its attorney-client privilege for documents related to its Merrill Lynch deal.
Apple Astounds —
The Big Money 1/22/2009
What recession? That was the defiant message Apple sent to the markets following the close of trade on Wednesday, posting better-than-expected profits on record sales last quarter, thanks to unsinkable demand for the iPod and iPhone . Consumers ...
Business this week —
The Economist: Full print edition 1/22/2009
Citigroup confirmed a big shake-up in its corporate structure as it reported a net loss for the fourth quarter of $8.3 billion. Speculation mounted that it would soon offload Nikko Cordial Securities, its Japanese broking unit, which it bought only a ...
Playing financial chicken —
The Economist: Full print edition 1/22/2009
Finance suffers from reverse natural selection THE great American economist Irving Fisher was never able to live down his remark, just before the 1929 crash, that share prices had reached what seemed “a permanently high plateau”. ...
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