News Topic - Bank of America
Articles 21 - 30 of most recent articles
S&P Picks and Pans: Bank of America, Yahoo, GM, Biovail, Fortune Brands
Analysts' opinions on stocks in the news Tuesday
Business Week – Jul 1, 2008 8:21 PM [GMT] ¦ comment?
found in Business: Investing
Analysts' opinions on stocks in the news Tuesday
Business Week – Jul 1, 2008 8:21 PM [GMT] ¦ comment?
found in Business: Investing
Moody's upgrades Countrywide ratings to match BofA
SAN FRANCISCO (MarketWatch) -- Moody's Investors Service on Tuesday raised Countrywide Financial Corp.'s ratings following its buyout by Bank of America Corp. . Countrywide's senior debt rating was raised to Aa2 while Countrywide Bank's deposit and other senior credit ratings were hiked to Aaa to match those of Bank of America. The ratings agency noted that although some of Countrywide's debt will be repaid by Bank of America, there will be a substantial amount of outstanding debt which is not guaranteed by Bank of America. Going forward, if there are uncertainties about Bank of America's support for Countrywide's non-bank debt, it could result in a downgrade, Moody's said.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – Jul 1, 2008 7:07 PM [GMT] ¦ comment?
found in Business: Markets
SAN FRANCISCO (MarketWatch) -- Moody's Investors Service on Tuesday raised Countrywide Financial Corp.'s ratings following its buyout by Bank of America Corp. . Countrywide's senior debt rating was raised to Aa2 while Countrywide Bank's deposit and other senior credit ratings were hiked to Aaa to match those of Bank of America. The ratings agency noted that although some of Countrywide's debt will be repaid by Bank of America, there will be a substantial amount of outstanding debt which is not guaranteed by Bank of America. Going forward, if there are uncertainties about Bank of America's support for Countrywide's non-bank debt, it could result in a downgrade, Moody's said.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – Jul 1, 2008 7:07 PM [GMT] ¦ comment?
found in Business: Markets
Bank of America wraps up Countrywide buy
Bank of America Corp. has completed its acquisition of California mortgage lender Countrywide Financial Corp. The deal makes Charlotte-based BofA the country's largest mortgage lender. (BAC)
Triangle Business Journal – Jul 1, 2008 4:47 PM [GMT] ¦ comment?
found in Local: North Carolina: Raleigh-Durham
Bank of America Corp. has completed its acquisition of California mortgage lender Countrywide Financial Corp. The deal makes Charlotte-based BofA the country's largest mortgage lender. (BAC)
Triangle Business Journal – Jul 1, 2008 4:47 PM [GMT] ¦ comment?
found in Local: North Carolina: Raleigh-Durham
Florida wants settlement from Bank of AmericaReuters - The U.S. state of Florida hopes to negotiate a monetary settlement with Bank of America Corp for what the state calls deceptive lending practices by the bank's newly acquired mortgage unit, Countrywide Financial Corp, the state attorney general said on Tuesday.
Yahoo! – Jul 1, 2008 3:41 PM [GMT] ¦ comment?
found in Business: Real Estate
Florida: Bank of America took on Countrywide's liabilities
Bank of America has completed its purchase of Countrywide Financial, making the BoA the leading U.S. mortgage originator and ...
USA Today – Jul 1, 2008 3:15 PM [GMT] ¦ comment?
found in Business
Bank of America has completed its purchase of Countrywide Financial, making the BoA the leading U.S. mortgage originator and ...
USA Today – Jul 1, 2008 3:15 PM [GMT] ¦ comment?
found in Business
Fitch keeps Countrywide on Rating Watch following BofA deal
SAN FRANCISCO (MarketWatch) -- Fitch Ratings on Tuesday kept Countrywide Financial Corp.'s BBB- ratings on Rating Watch Evolving following the closure of its deal with Bank of America Corp. . While the buyout of Countrywide by Bank of America is a positive development, Bank of America has not provided any new detail on the corporate structure going forward, the ratings agency noted. It will revisit Countrywide's ratings once the management provide additional information. Fitch warned that any structure that does not include full support for Countrywide could result in some or all its ratings being lowered to below those of Bank of America with the potential for Countrywide's debt being downgraded below its current level. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – Jul 1, 2008 2:51 PM [GMT] ¦ comment?
found in Business: Markets
SAN FRANCISCO (MarketWatch) -- Fitch Ratings on Tuesday kept Countrywide Financial Corp.'s BBB- ratings on Rating Watch Evolving following the closure of its deal with Bank of America Corp. . While the buyout of Countrywide by Bank of America is a positive development, Bank of America has not provided any new detail on the corporate structure going forward, the ratings agency noted. It will revisit Countrywide's ratings once the management provide additional information. Fitch warned that any structure that does not include full support for Countrywide could result in some or all its ratings being lowered to below those of Bank of America with the potential for Countrywide's debt being downgraded below its current level. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – Jul 1, 2008 2:51 PM [GMT] ¦ comment?
found in Business: Markets
Bank Of America Completes Deal For Countrywide Financial
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WSOCTV.com – Jul 1, 2008 2:23 PM [GMT] ¦ comment?
found in Local: North Carolina: Charlotte
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WSOCTV.com – Jul 1, 2008 2:23 PM [GMT] ¦ comment?
found in Local: North Carolina: Charlotte
Bank robber caught on surveillance video
Police say a man who robbed the Bank of America off Blanding Boulevard in Orange Park was caught on surveillance video on Monday.
CBS 47 – Jul 1, 2008 2:19 PM [GMT] ¦ comment?
found in Local: Florida: Jacksonville
Police say a man who robbed the Bank of America off Blanding Boulevard in Orange Park was caught on surveillance video on Monday.
CBS 47 – Jul 1, 2008 2:19 PM [GMT] ¦ comment?
found in Local: Florida: Jacksonville
Bank of America Completes Countrywide Financial Purchase
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PR Newswire – Jul 1, 2008 2:10 PM [GMT] ¦ comment?
found in Top Stories: Press Releases
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PR Newswire – Jul 1, 2008 2:10 PM [GMT] ¦ comment?
found in Top Stories: Press Releases
S&P hikes Countrywide Financial to 'AA/A-1+' on BofA deal
SAN FRANCISCO (MarketWatch) -- Standard & Poor's Ratings Services on Tuesday raised Countrywide Financial Corp.'s ratings to AA/A-1+ from BB+/B. "These ratings actions follow the completion of the acquisition of Countrywide by Bank of America Corp. . We have aligned the ratings on Countrywide with the BofA ratings to reflect our expectations that BofA will honor Countrywide's outstanding debt obligations," said Rian Pressman, an S&P credit analyst. The outlook on the companies is negative. The ratings agency also noted that the buyout of Countrywide comes at a time in the credit cycle when it is concerned about the weak U.S. economy and its impact on consumer lending. "We expect that the weakening performance of consumer assets will challenge BofA's financial results," S&P said. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – Jul 1, 2008 2:07 PM [GMT] ¦ comment?
found in Business: Markets
SAN FRANCISCO (MarketWatch) -- Standard & Poor's Ratings Services on Tuesday raised Countrywide Financial Corp.'s ratings to AA/A-1+ from BB+/B. "These ratings actions follow the completion of the acquisition of Countrywide by Bank of America Corp. . We have aligned the ratings on Countrywide with the BofA ratings to reflect our expectations that BofA will honor Countrywide's outstanding debt obligations," said Rian Pressman, an S&P credit analyst. The outlook on the companies is negative. The ratings agency also noted that the buyout of Countrywide comes at a time in the credit cycle when it is concerned about the weak U.S. economy and its impact on consumer lending. "We expect that the weakening performance of consumer assets will challenge BofA's financial results," S&P said. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – Jul 1, 2008 2:07 PM [GMT] ¦ comment?
found in Business: Markets