Bank of America yesterday said its profit dropped 63 per cent as costs mounted from faulty foreclosures and flawed home loans while Citigroup reported a profit increase that was less than analysts...
- Sun
- Mar 3, 2013
- Updated: 11:26pm
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Bank of America
Bank of America Corp is one of the United States’ largest bank holding companies by assets. Its acquisition in 2008 of Merrill Lynch made Bank of America the world's largest wealth management corporation and a major player in the investment banking market.
8 Dec 2012
Bank of America is close to agreeing to lease almost 150,000 square feet of prime office space in Cheung Kong Center, as competition among landlords in Central increases with rising vacancy rates...
27 Oct 2012
Societe Generale, Royal Bank of Canada and Bank of America are among nine additional banks that were subpoenaed in New York and Connecticut's probe of alleged manipulation of Libor, a person...
Investment banks slashed the 2011 bonuses paid to staff in Asia by 30 to 40 per cent from 2010 payouts, and scrapped some non-cash benefits including housing allowances and free home leave for...
HSBC comes out on top in battle of the brands
Like most big banks, Citigroup was severely mauled by the 2008-09 global financial crisis. But its operations in Asia have played a key role in assisting the bank's recovery process.
...Tino Moorrees
Chief executive and president
BNP Paribas Investment Partners Japan
China Construction Bank (CCB), the mainland's second-largest bank by market capitalisation, may see further share price weakness following reports that Bank of America (BofA) plans to sell some of...
Wharf wins long battle to keep hold of its key
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