Bank of America buys out Countrywide Financial
This acquisition is another major investment for Bank of America who has spent more than $100 billion since 2004 becoming the second largest bank.
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Archive for the 'Bank of America' Category (Chronologically Listed)
Banks Abandon Plan for Super SIV
Citigroup, Bank of America, annd JPMorgan Chase abandon their plan to create a 100 billion dollar super fund designed to unblock the credit markets.
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Posted by Ryan Fiore on Dec 21 2007 under Bank of America, Citigroup, JPMorgan Chase, Mortgage Lending
Treasury Secretary Henry Paulson Supports Banks’ Steps on Subprime Debt
Today Treasury Secretary Henry Paulson commended some big banks that have made efforts to bring off balance sheet investments tied to their subprime mortgage loans back onto their books.
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Posted by Ryan Fiore on Dec 17 2007 under Bank of America, Citigroup, Henry Paulson, JPMorgan Chase, Mortgage Lending
Citigroup, JPMorgan Chase, & Bank of America Help Design $100 Billion Fund
Wall Street Journal reported today that Citigroup, JPMorgan Chase, and Bank of America, the three largest US banks with the backing of the US Treasury Department, have agreed on the structure of a 100 billion dollar super fund designed to help unblock the credit markets.
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Posted by Ryan Fiore on Nov 12 2007 under Bank of America, Citigroup, Housing Market, JPMorgan Chase