Opportunities in Bank Bonds, Part 2 - Bank of America, Stocks

topics:

Bank of America

posted by Alephblog vote down flag

alephblog.com - 3/12/2009

—

Thinking about Citigroup and Bank of America — Given to Fincorp Clients 3/4/09 When the government gets involved in business, the rules of the game change. Creditworthiness becomes less of an “analyze the metrics” affair, and more of a “how strong of a guarantee” affair. ...

nytimes.com - 3/12/2009

Cuomo Says Merrill Deceived Congress on Bonuses

— nytimes.com — Andrew M. Cuomo , the attorney general of New York, claimed on Wednesday that Merrill Lynch misled... Congress over the timing of its plans to award billions of dollars in bonuses last December. He also suggested that Bank of America , which was then in ... (more) Cuomo Says Merrill Deceived Congress on Bonuses

Stocks

Andrew Cuomo

Bank of America

Comments vote down The Mess That Greenspan Made found this 3/12/2009found this

baselinescenario.com - 3/11/2009

But Are They Buying It?

— baselinescenario.com — As Simon wrote this morning, the administration strategy is to wait and see if the economy turns... around, lifting banks out of the mess they created. How can you tell if this is working? One way is to look at bank bonds. If the administration is right and the banks are healthy (and to the ... (more) But Are They Buying It?

Stocks

Comments vote down

jamesykwak posted 3/11/2009posted this

bloomberg.com - 3/12/2009

U.S. Stocks Post Biggest 3-Day Gain Since November as GE Rises

— bloomberg.com — March 12 (Bloomberg) -- U.S. stocks posted the biggest three-day gain since November as General Electric Co.... said losing the top credit rating at Standard & Poor’s won’t hurt business and Bank of America Corp. said it’s profitable. GE added 13 ... (more) U.S. Stocks Post Biggest 3-Day Gain Since November as GE ...

Stocks

Day Trader

Comments vote down Yahoo! Finance: Tech Ticker found this 3/12/2009found this

Comments

Related Content

Bank of America Already Dismantling the Merrill Franchise: The Cracks are Starting to Form
economicdiscourse.com 2/26/2009 — 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 ...

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 ...

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 ...

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.

Bank of America modifies their 2008 Bonuses, response to Merrill?
economicdiscourse.com 1/29/2009 — Some meaningful changes for Wall Street bonuses at BAC. Bank of America to defer bonus payments Bank of America Corp. will defer year-end bonuses paid to employees in its capital markets and investment banking units

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.

And the Banker of the Year Award Goes to …
dealbook.blogs.nytimes.com 10/27/2008 — Over the past year, JPMorgan Chase’s James Dimon has garnered wide acclaim as a modern-day J. P. Morgan of sorts, swooping in to rescue ailing banks at the government’s behest. But the tuxedo-clad man whom American Banker will present with ...

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 ...