Firm Spotlight
Bank of America
Bank of America is one of the largest fully integrated financial services companies in the world.
Global Wealth & Investment Management
KEY FACTS
Founded: 1783
Founders: Moses Michael Hayes
Headquarters: Charlotte, North Carolina, US.
Products Finance and insurance, Retail banking, Commercial banking, Investment banking, Investment management, Private banking, Private equity, Mortgages, and Credit cards.
Website: Bankofamerica.com
BANK OF AMERICA ON HITC
30 Of The Biggest Trading Losses Of All Time (ex-subprime related)
Here's a league table of 30 of the biggest trading losses of all time (excluding CDO losses post 2007).
'I Liked Being Part Of The Thundering Herd'
Here's an interesting item that has appeared in RIABiz.com.
Top Firm Wants To Triple US Senior Executives
Bloomberg reports that Nomura plans to almost triple the number of senior executives in its Americas investment-banking division as competitors retrench.
More Hiring / People News - BofA, Barclays, Credit Suisse, Guggenheim Securities, Morgan Stanley
Here's some interesting hiring / people news.
BofA Could Pay Brokers Millions, Goldman and UBS Lose, MF Global Probe Request
Here's a selection of links to stories from Reuters.
FROM THE WEB
- Reuters UK: GDF Suez preps bond to finance International Power deal
- The Guardian: Mining shares boost FTSE 100 on hopes of Chinese growth
- Yahoo Finance: Zacks Bull and Bear of the Day Highlights: Pool Corporation, ArcelorMittal, Woori Finance, Bank of America and Citigroup
- The Independent: Barclays to sell $6bn stake in BlackRock
- Financial Times: JPMorgan shelves $15bn buyback plan
- Financial Times: Banks braced for fresh ratings cuts
- Financial Times: The (early) Lunch Wrap
- msnbc.com: Stock futures signal higher Wall Street open
- Reuters: U.S. stock futures signal higher Wall St. open
- BBC News: Bank of America plans to cut about 30,000 jobs
- Financial Times: Barclays to sell £3.8bn BlackRock stake
- Yahoo Finance: Gupta ‘Threw Away His Duties,' Prosecutor Says in Opening
- Reuters UK: Facebook investors left guessing after Nasdaq glitch
- Reuters: C.Suisse, BofA gain prime broking market share in Asia-survey
- Bloomberg: Sales of Previously Owned U.S. Homes Probably Climbed in April
