Posts Tagged “Bank Of America Corp”

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Bank of America Corp., JPMorgan Chase & Co., Citigroup Inc. and Wells Fargo & Co. might face demands to repurchase as much as $180 billion of troubled mortgages from Fannie Mae and Freddie Mac, Fitch Ratings said.

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News Sources wrote an interesting post today on
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PHILADELPHIA, Aug 1 (Reuters) - UBS AG said on Sunday it plans to hire executives from Goldman Sachs Group Inc and Bank of America Corp to build its mortgages and lending business in the U.S.

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News Sources wrote an interesting post today on
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UBS AG said on Sunday it plans to hire executives from Goldman Sachs Group Inc and Bank of America Corp to build its mortgages and lending business in the U.S.

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webmaster@technorati.com wrote an interesting post today on
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Citigroup said Friday its second-quarter net income dropped 10 percent to $2.7 billion even as its losses from failed loans fell. The drop in income reflects the bank’s sale a year ago of the Smith Barney brokerage, which inflated its earnings at the time. Citigroup Inc. joined JPMorgan Chase & Co. and Bank of America Corp. in reporting earnings that rose in the April-June period as loan losses …

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webmaster@technorati.com wrote an interesting post today on
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(AP:NEW YORK) Bank of America Corp., one of the nation’s biggest banks, reports its second-quarter results before the market opens Friday. WHAT TO WATCH FOR: Shrinking loan losses. Large banks’ losses from consumer loans like credit cards and mortgages are slowing, analysts say.

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