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Bank of America - Keine Verstaatlichung !!

eröffnet am 19.02.09 19:54:30 von
Finanzriese

neuester Beitrag 24.02.09 17:29:01 von
Finanzriese
Beiträge: 20
ID: 1.148.454
Aufrufe heute: 0
Gesamt: 9.906


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Finanzriese
schrieb am 19.02.09 19:54:30
Beitrag Nr. 1 (36.614.621)
BofA CFO Price: Bank remains strong

Bank of America Corp. Chief Financial Officer Joe Price is assuring employees that the bank has enough cash to finance operations for more than two years, according to a question-and-answer dialogue posted on the company’s Intranet site Friday.

“Market turmoil has created lingering industrywide concerns that magnify the importance of maintaining an extra level of capital to support business activities," Price said. "We currently have enough cash on hand to fund our parent company operations for more than two years without having to issue additional debt during that time.”

Price stressed the importance of the bank's liquidity throughout the Q&A.

Price also touted the bank's approach to serve a diverse base of clients -- consumer, commercial and corporate -- allowing both interest income and non-interest income to be brought in.

"This business diversity, combined with our integrated delivery model, positions us to deepen relationships across our large and growing customer base," Price said.


BofA (NYSE:BAC) is the largest bank in Los Angeles and the state of California.

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Bank of America Makes $402 Million TARP Dividend Payment to U.S. Government

CHARLOTTE, N.C., Feb. 17 /PRNewswire/ -- Bank of America Corporation (News/Aktienkurs) today announced that it made its first dividend payment to the U.S. government under the Troubled Asset Relief Program.

The payment, totaling $402 million, reflects Bank of America's ongoing commitment to paying back U.S. taxpayers. Today's payment represents the dividend on the Fixed-Rate Cumulative Perpetual Preferred Stock issued in connection with the $45 billion in government investments that Bank of America received in late 2008 and early 2009.

Approximately $223 million relates to the federal government's $15 billion investment in Bank of America made under the Capital Purchase Program of the Troubled Asset Relief legislation and an additional $50 million relates to the federal government's $10 billion investment in Bank of America as part of the agreement to acquire Merrill Lynch&Co., Inc. The remaining $129 million stems from the government's $20 billion investment on January 16 to help facilitate the acquisition of Merrill Lynch. Total cash dividend payments to the government in 2009 will reach approximately $2.8 billion.

"It is our intention to pay back these loans, as soon as possible," said Bank of America Chairman and Chief Executive Officer Ken Lewis. "In the meantime, we are using these funds to support the U.S. economy by extending credit to individuals and businesses."

Bank of America extended more than $115 billion in new credit during the fourth quarter of 2008, of which about $49 billion was in commercial non-real estate; $45 billion was in mortgages; nearly $8 billion was in domestic card and unsecured consumer loans; nearly $7 billion was in commercial real estate; more than $5 billion was in home equity products; and approximately $2 billion was in consumer Dealer Financial Services.

Bank of America also committed to assisting as many as 630,000 customers to help them stay in their homes, representing more than $100 billion in mortgage financing. In 2008, the company modified approximately 230,000 home loans - representing more than $44 billion in mortgage financing. Bank of America also modified nearly 700,000 credit card loans for borrowers experiencing financial hardship last year.

Bank of America

Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. The company provides unmatched convenience in the United States, serving more than 59 million consumer and small business relationships with more than 6,100 retail banking offices, nearly 18,700 ATMs and award-winning online banking with nearly 29 million active users. Following the acquisition of Merrill Lynch on January 1, 2009, Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to more than 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients in more than 150 countries. Bank of America Corporation stock is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.

http://www.bankofamerica.com/


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Bank of America Applauds President Obama's Homeowner Affordability and Stability Plan

CALABASAS, Calif., Feb. 18 /PRNewswire/ -- Bank of America (News/Aktienkurs) today said it applauds the Obama administration's Homeowner Affordability and Stability Plan focused on assisting homeowners with their mortgage payments through refinancing and a loan modification program.

"We support the administration's focus on affordability in the loan modification and refinance processes in order to achieve long-term mortgage sustainability for homeowners," said Barbara Desoer, president of Bank of America Mortgage, Home Equity and Insurance Services. "Bank of America is committed to helping our customers sustain homeownership."

Bank of America last week announced a moratorium on foreclosure sales. Desoer said the moratorium will be extended until eligibility details for the Homeowner Affordability and Stability Plan are released. Bank of America's foreclosure sales moratorium includes first mortgage loans owned and serviced by Bank of America, Countrywide and subsidiaries of Merrill Lynch, as well as those owned by investors who have agreed to the terms of the moratorium.

"We want to ensure that any borrower who has sufficient income and the desire to sustain homeownership has the ability to do so using any and all tools we have available," she said.

"The administration's focus is consistent with the approach we have successfully been using with our customers, which has led to more than 230,000 loan modifications for our customers in 2008, and another 39,000 customers in January alone," said Desoer. "We look forward to continuing to work with the Obama administration in the development of detailed guidelines for the modification and refinance plans to ensure success of the Homeowner Affordability and Stability Plan."

In 2008, Bank of America committed to offer over the next three years loan modifications to as many as 630,000 customers to help them stay in their homes, representing more than $100 billion in mortgage financing. More than 5,900 associates are focused on home retention efforts on behalf of Bank of America and Countrywide customers.

Bank of America

Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. The company provides unmatched convenience in the United States, serving more than 59 million consumer and small business relationships with more than 6,100 retail banking offices, nearly 18,700 ATMs and award-winning online banking with nearly 29 million active users. Following the acquisition of Merrill Lynch on January 1, 2009, Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to more than 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients in more than 150 countries. Bank of America Corporation stock is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.

http://www.bankofamerica.com/





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Finanzriese
schrieb am 19.02.09 19:59:17
Beitrag Nr. 2 (36.614.674)
BofA, Citi shares fall on nationalization fear

Thu Feb 19, 2009 1:04pm EST Email | Print | Share| Reprints | Single Page[-] Text [+]

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More Business & Investing News... NEW YORK (Reuters) - Citigroup Inc shares fell to 17-year lows on Thursday, with Bank of America Corp stock also plunging, amid renewed fears that growing losses could lead to government control of troubled U.S. banks, wiping out shareholders.

Bank of America shares were down 10.7 percent to $4.07 in morning trading on the New York Stock Exchange, while Citigroup stock fell 10 percent to $2.62, after touching its lowest level since 1991.

"When you talk about nationalization you hear the names Citi and Bank of America as the top two names burning out," said Walter Todd, a portfolio manager at Greenwood Capital Associates.

"We still don't have any clarity about what course of action they (the government) are going to take. In the absence of specifics, people just jump to their own conclusions," he added.

Last month, Bank of America Corp posted its first quarterly loss in 17 years, after mounting losses at recently acquired Merrill Lynch. Citigroup has lost $28.5 billion in the last 15 months, hammered by bad debts and toxic assets.

Each bank received $45 billion in government aid in recent months and a backstop on toxic assets-related losses.

(Reporting by Juan Lagorio, editing by Matthew Lewis)



bei citi kann ich mir das vorstellen, bei bofa nicht!! :look:
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ohneinhalt
schrieb am 19.02.09 20:40:14
Beitrag Nr. 3 (36.615.056)


Kann das bitte jemand Sinngemäss wieder geben

Vielen Dank;)
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Finanzriese
schrieb am 20.02.09 08:17:45
Beitrag Nr. 4 (36.616.742)
20.02.2009 05:14
UPDATE 1-BofA CEO subpoenaed, sees no nationalization-WSJ


NEW YORK, Feb 19 (Reuters) - Bank of America Corp (News/Aktienkurs) Chairman and Chief Executive Kenneth Lewis was subpoenaed last week by New York Attorney General Andrew Cuomo, who is investigating whether the bank violated state law by withholding information from investors, the Wall Street Journal said late Thursday, citing people familiar with the matter.

Investigators took testimony all day Thursday from former Merrill Chief Executive John Thain, the newspaper said, citing the people. Thain was asked about $4 billion in bonuses paid to Merrill employees, and in particular why Bank of America's merger agreement with Merrill contained a nonpublic attachment outlining the maximum Merrill could pay, the newspaper said.

Separately, Lewis told Bank of America executives at a senior leadership meeting on Thursday that Washington policy officials have assured him that the possibility of nationalizing the largest U.S. bank by assets is not on the table, the newspaper said, citing a person at the meeting.

Cuomo's office, Bank of America and a spokesman for Thain did not return calls seeking comment. Spokesmen for Bank of America and Thain declined to comment to the newspaper.

Lewis would be the highest-profile subject of Cuomo's examination of Charlotte, North Carolina-based Bank of America's purchase of New York-based Merrill on Jan. 1.

Barely two weeks after the closing, Bank of America revealed that Merrill lost $15.31 billion in the fourth quarter, and got an emergency federal bailout including $20 billion of new capital and a loss-sharing agreement on $118 billion of troubled assets.

Bank of America shares closed down 14 percent at $3.93 on Thursday on fears that losses from Merrill, credit cards, recently acquired mortgage lender Countrywide Financial Corp and other areas could lead to government control, wiping out shareholders. Lewis has run Bank of America since 2001.

Cuomo's investigators are probing, among other things, whether trading losses were adequately disclosed to shareholders and boards of both companies, and what top executives approving the bonuses knew about the losses, the newspaper said.

(Reporting by Jonathan Stempel, Editing by Muralikumar Anantharaman) Keywords: BANKOFAMERICA/MERRILL

(jon.stempel@thomsonreuters.com +1 646 223 6317; Reuters Messaging: jon.stempel.reuters.com@reuters.net)


COPYRIGHT


Copyright Thomson Reuters 2009. All rights reserved.

The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.








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Finanzriese
schrieb am 20.02.09 08:23:51
Beitrag Nr. 5 (36.616.778)
ein bisschen gebrochenes deutsch:

"Lewis, in einem separaten Bereich, sagte Senior Bank of America Führungskräfte Sitzung am Donnerstag, dass Washington Politik Beamten versicherte ihm, dass Verstaatlichung Option ist nicht auf dem Tisch"

Copyright Thomson Reuters 2009. Alle Rechte vorbehalten.


:eek::D:eek::D:eek::D:eek::D:eek::D:eek::D:eek:
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texascarrera
schrieb am 20.02.09 08:50:52
Beitrag Nr. 6 (36.616.930)
Antwort auf Beitrag Nr.: 36.616.778 von Finanzriese am 20.02.09 08:23:51abacho-übersetzer

Am 20.02.2009 sieht 05:14-AKTUALISIERUNG 1-BofA vorgeladener CEO, keine Nationalisierung-WSJ NEW YORK, am 19. Febr (Reuters) - Bank der Handelsgesellschaft von Amerika (News/Aktienkurs) Vorsitzender und Leitender Angestellter Kenneth Lewis wurden letzte Woche vom New Yorker Obersten Justizbeamten Andrew Cuomo vorgeladen, der nachforscht, ob die Bank Rechtsordnung des Einzelstaates verletzte, Information von Kapitalanlegern vorenthaltend, das Wall Street Journal sagte späten Donnerstag, mit der Sache vertraute Leute zitierend. Ermittlungsbeamte nahmen Zeugnis den ganzen Tag am Donnerstag vom ehemaligen Merrill Leitenden Angestellten John Thain, die Zeitung sagte, die Leute zitierend. Thain wurde ungefähr 4 Milliarden $ in Bonus bezahlt Merrill Angestellten, und insbesondere gefragt, warum die Bank Amerikas \ Fusionsabmachung mit Merrill eine nichtöffentliche Verhaftung enthielt, die den maximalen Merrill entwirft, konnte zahlen, die Zeitung sagte. Getrennt sagte Lewis Bank von Managern von Amerika an einer älteren Führung, die sich am Donnerstag trifft, dass Washingtoner Politikbeamte ihn versichert haben, dass die Möglichkeit, die größte US-amerikanische Bank durch das Vermögen einzubürgern, nicht auf dem Tisch ist, sagte die Zeitung, eine Person an der Sitzung zitierend. Cuomo \'s Büro, Bank Amerikas und ein Sprecher für Thain gab Anrufe nicht zurück, Anmerkung suchend. Sprecher für die Bank Amerikas und Thain lehnten ab, zur Zeitung zu kommentieren. Lewis würde das Thema des höchsten Profils von Cuomo \'s Überprüfung von Charlotte, Carolina-basierte Nordbank Amerikas \ Kauf von Neuem mit Sitz York Merrill am 1. Januar sein. Kaum zwei Wochen nach dem Schließen offenbarte die Bank Amerikas, dass Merrill 15.31 Milliarden $ im vierten Viertel verlor, und eine Notbundessicherheitsleistung einschließlich 20 Milliarden $ der neuen Hauptstadt und einer Verlust teilenden Abmachung auf 118 Milliarden $ des beunruhigten Vermögens bekam. Die Bank von Anteilen von Amerika schloss 14 Prozent an 3.93 $ am Donnerstag auf Ängsten, dass Verluste von Merrill, Kreditkarten, kürzlich Hypothekenverleiher Im ganzen Land erwarben, konnten Finanzhandelsgesellschaft und andere Gebiete zu Regierungskontrolle führen, Aktionäre wegwischend. Lewis hat Bank Amerikas seit 2001 geführt. Cuomo \'s Ermittlungsbeamte dringen unter anderem forschend ein, ob Handelsverluste Aktionären und Ausschüssen von beiden Gesellschaften entsprechend bekannt gegeben wurden, und was Leitende Angestellte, die die Bonus genehmigen, über die Verluste wussten, sagte die Zeitung. (Bericht durch Jonathan Stempel, durch Muralikumar Anantharaman Editierend), Schlüsselwörter: BANKOFAMERICA/MERRILL (jon.stempel@thomsonreuters.com +1 646223 6317; Nachrichtenübermittlung von Reuters: jon.stempel.reuters.com@reuters.net) URHEBERRECHTS-Copyright Thomson Reuters 2009. Alle Rechte vorbehalten. Das Kopieren, die Neuauflage oder die Neuverteilung des Nachrichteninhalts von Reuters, einschließlich sich entwickelnd oder ähnlicher Mittel, werden ohne die vorherige schriftliche Zustimmung von Thomson Reuters ausdrücklich verboten.
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tradepunk
schrieb am 20.02.09 10:38:29
Beitrag Nr. 7 (36.617.968)

Über Thomson Reuters
Zeitung - Offenbar keine Bank-of-America-Verstaatlichung geplant
Freitag, 20. Februar 2009, 10:03 Uhr

Diesen Artikel drucken
[-] Text [+]

New York (Reuters) - Der Bank of America (BoA) droht einem Zeitungsbericht zufolge offenbar keine Verstaatlichung.

Hochrangige Politiker hätten ihm versichert, dass eine Verstaatlichung seines Instituts keine Option sei, erklärte Firmenchef Kenneth Lewis gegenüber Führungskräften des Instituts, wie das "Wall Street Journal" in der Nacht auf Freitag berichtete. Am Donnerstag waren die Papiere der Bank um 14 Prozent abgestürzt. Händler machten dafür Spekulationen über eine mögliche Verstaatlichung der nach Anlagen größten Bank des Landes im Fall von wachsenden Verlusten verantwortlich.

BoA macht besonders die im Eilverfahren durchgezogene Übernahme der Investmentbank Merrill Lynch zu schaffen, deren Details von der Staatsanwaltschaft überprüft werden. Laut "Wall Street Journal" hat der New Yorker Staatsanwaltschaft Andrew Cuomo deshalb auch BoA-Chef Lewis vorgeladen. Cuomo untersucht unter anderem, ob den Aktionären bei der Merrill-Übernahme Informationen vorenthalten wurden und ob Boni-Zahlungen angesichts der horrenden Verluste gerechtfertigt waren.

© Thomson Reuters 2009 Alle Rechte vorbehalten.


http://de.reuters.com/article/topNews/idDEBEE51J04X20090220
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Finanzriese
schrieb am 20.02.09 14:42:05
Beitrag Nr. 8 (36.620.646)
... wenn die kanonen donnern, und die donnern gewaltig!! :look:
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Uptick08
schrieb am 20.02.09 14:45:46
Beitrag Nr. 9 (36.620.691)
Antwort auf Beitrag Nr.: 36.620.646 von Finanzriese am 20.02.09 14:42:05Sie werden nächste Woche noch "immer weiter Donnern", ich warte lieber bis das Gewitter an uns vorbei zieht.... ;):cool:
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Finanzriese
schrieb am 20.02.09 15:09:47
Beitrag Nr. 10 (36.620.926)
Antwort auf Beitrag Nr.: 36.620.691 von Uptick08 am 20.02.09 14:45:46ich kann wenigstens sagen, ich war dabei, egal wie das hier ausgeht!!

Verstaatlichung - citi ja, boa nein!