Wikio - Bank of America

Bank of America purchases Countrywide Financial (Banking Business Review)

Wed, 02 Jul 2008 07:34:00 GMT

Bank of America has completed its purchase of Countrywide Financial, a holding company, which is engaged in mortgage lending and other real estate finance-related businesses through its subsidiaries.

Source : Banking Business Review (subscribe)

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Yahoo's New Olympics Site Draws Big Name Brands (ClickZ)

Wed, 02 Jul 2008 04:23:15 GMT

Among the advertisers is Bank of America, which is using the site to run video ads for its "America's Cheer" Olympics-related campaign.

Source : ClickZ (subscribe)

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BofA completes deal for Countrywide Financial (AP) (Retail and Financial Information)

Wed, 02 Jul 2008 03:57:49 GMT

AP - Bank of America Corp. completed its purchase of Countrywide Financial Corp. Tuesday, making the Charlotte-based bank the nation’s leading mortgage originator and servicer.

Source : Retail and Financial Information (subscribe)

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Bank of America's profit drops 77 percent in first quarter (AP) (Do it for BUSINESS)

Wed, 02 Jul 2008 03:50:00 GMT

AP Business Writer Bank of America's profit falls 77 percent in first quarter on write-downs, credit losses CHARLOTTE, N.(AP) Bank of America Corp.Monday its profit fell 77 percent in the first quarter, hurt by trading losses and a $3.Increase in reserves for problem loans.Bank, set to acquire troubled subprime mortgage lender Countrywide Financial Corp.Year, reported earnings of $1.Or...

Source : Do it for BUSINESS (subscribe)

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Police: Machine Gun Possibly Used In East Bay Bank Robbery (NBC11.com - Local News)

Wed, 02 Jul 2008 02:08:41 GMT

Two men, one possibly armed with a machine gun and the other with a handgun, orders people down on the floor and robs the Bank of America branch in Orinda Tuesday morning, Orinda police Sgt. Andre Charles says.

Source : NBC11.com - Local News (subscribe)

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BofA's LaSalle Deal Haunts It (Law Blog - WSJ.com)

Tue, 01 Jul 2008 23:12:00 GMT

Bank of America is seeing a rapid run-up in delinquencies on building loans, a timely reminder of the liabilities that the bank will be taking on with Countrywide. Part of the blame comes from its acquisition of LaSalle Bank.

Source : Law Blog - WSJ.com (subscribe)

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Was buying Countrywide a good idea? (APM: Marketplace)

Tue, 01 Jul 2008 22:25:07 GMT

Countrywide is officially part of Bank of America, but in the six months since B of A agreed to buy the mortgage company, its losses continued to build up. Jill Barshay asks if B of A still thinks it got a good deal?

Source : APM: Marketplace (subscribe)

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Norman Bobins expected to join PrivateBancorp board (Chicago Tribune)

Tue, 01 Jul 2008 22:20:00 GMT

Norman Bobins, the former longtime chairman and chief executive of LaSalle Bank, soon is expected to announce plans to join the board of directors of PrivateBancorp Inc., the fast-growing Chicago bank that has picked up dozens of LaSalle lenders since its recent takeover by Bank of America, people familiar with the situation said.

Source : Chicago Tribune (subscribe)

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Bank of America Completes Countrywide Purchase (Net News Publisher)

Tue, 01 Jul 2008 22:17:57 GMT

The most-discussed mortgage transaction in industry history is complete, with Bank of America Corp. saying Tuesday morning that it had completed its purchase of mortgage industry giant Countrywide Financial Corp. Cue the memoirs, and the forward-looking analyses of what lie ahead for the North Carolina-based bank, which now becomes the nation’s largest lender and servicer. [...]

Source : Net News Publisher (subscribe)

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Bank of America closes deal for Countrywide, becoming nation's leading mortgage originator (Star Tribune)

Tue, 01 Jul 2008 22:06:14 GMT

Bank of America agreed in January to purchase the California-based mortgage lender in an all-stock deal valued at roughly $4 billion, exchanging 0.1822 shares of Bank of America for each share of Countrywide outstanding. The deal is now worth around $2.5 billion, reflecting a decline in Bank of America's stock price over the last six months.

Source : Star Tribune (subscribe)

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BofA completes deal for Countrywide Financial (Miami Herald)

Tue, 01 Jul 2008 22:05:00 GMT

Bank of America Corp. completed its purchase of Countrywide Financial Corp. Tuesday, making the Charlotte-based bank the nation's leading mortgage originator and servicer.

Source : Miami Herald (subscribe)

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BofA completes deal for Countrywide Financial (San Fransisco Chronicle)

Tue, 01 Jul 2008 22:04:31 GMT

Bank of America Corp. completed its purchase of Countrywide Financial Corp. Tuesday, making the Charlotte-based bank the nation's leading mortgage originator and servicer. The Federal Reserve and Countrywide's shareholders cleared the way for the acquisition...

Source : San Fransisco Chronicle (subscribe)

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S&P Picks and Pans: Bank of America, Yahoo, GM, Biovail, Fortune Brands (Business Week )

Tue, 01 Jul 2008 20:21:00 GMT

Analysts' opinions on stocks in the news Tuesday

Source : Business Week (subscribe)

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BofA completes Countrywide acquisition (The San Francisco Business Times )

Tue, 01 Jul 2008 20:14:07 GMT

Bank of America Corp. has completed its acquisition of California mortgage lender Countrywide Financial Corp. -- a deal making BofA the country's largest mortgage lender. (BAC)

Source : The San Francisco Business Times (subscribe)

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Now that Countrywide has been acquired, Florida ... [Bank Of America] (The Consumerist)

Tue, 01 Jul 2008 19:44:17 GMT

Now that Countrywide has been acquired, Florida wants some of that Bank of America money! "There is technically a deep pocket. They've acquired them, they assume their liabilities," Florida Attorney... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Source : The Consumerist (subscribe)

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Does Bank Of America (BAC) Need $10 Billion In New Capital? (24/7 Wall St.)

Tue, 01 Jul 2008 19:43:40 GMT

KBW, the bank research firms, thinks Bank of America (BAC) will have to raise $10 billion in new capital. Its mix of real estate, LBO, business, and consumer... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Source : 24/7 Wall St. (subscribe)

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BofA completes Countrywide acquisition (The St Louis Business Journal )

Tue, 01 Jul 2008 19:26:47 GMT

Bank of America Corp. has completed its acquisition of California mortgage lender Countrywide Financial Corp. The deal makes BofA the country's largest mortgage lender. (BAC)

Source : The St Louis Business Journal (subscribe)

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Moody's upgrades Countrywide ratings to match BofA (Market Watch)

Tue, 01 Jul 2008 19:07:17 GMT

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...

Source : Market Watch (subscribe)

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BofA completes Countrywide acquisition (The Tampa Bay Business Journal )

Tue, 01 Jul 2008 18:40:56 GMT

Bank of America Corp. has completed its acquisition of California mortgage lender Countrywide Financial Corp. The deal makes Charlotte, N.C.-based BofA the country's largest mortgage lender. (BAC)

Source : The Tampa Bay Business Journal (subscribe)

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BofA completes buy of Countrywide (The Pacific Business News)

Tue, 01 Jul 2008 18:23:34 GMT

Bank of America Corp. has completed its acquisition of mortgage lender Countrywide Financial Corp., making BofA the country's largest mortgage lender. (CFC) (BAC)

Source : The Pacific Business News (subscribe)

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