Banco Santander completes IPO for Brazilian unit as it looks to expand in South AmericaOctober 7th, 2009 Banco Santander's Brazilian IPO raises $8.1BNEW YORK — Spanish financial giant Banco Santander SA has raised $8.1 billion with an initial public offering of shares in its Brazilian subsidiary, the largest IPO in the world this year. In an effort to expand its Latin American operations, the bank sold shares in Banco Santander (Brasil) SA, in the United States and Brazil, where the offering was that nation's biggest offering ever.
Bank of America board authorizes $713 million dividend payment on government investmentOctober 2nd, 2009 Bank of America authorizes TARP dividend paymentCHARLOTTE, N.C. — Bank of America Corp.
FreightCar America shares fall after analyst says stock is too expensive to keep 'Buy'August 25th, 2009 FreightCar America shares fall after downgradeNEW YORK — FreightCar America Inc. fell Tuesday after an analyst downgraded the stock, saying shares of the railcar manufacturer were too expensive to warrant a "Buy" rating.
Paulson & Co. scoops up Bank of America shares worth about $2.67 billion, 4th-largest stakeAugust 13th, 2009 Paulson fund buys 168M shares of Bank of AmericaNEW YORK — The hedge fund run by John Paulson, who foresaw the distress in subprime mortgages and reaped billions by betting against the related securities, has bought about 168 million shares of Bank of America Corp., according to a regulatory filing Wednesday. That makes Paulson & Co.
BofA posts 2nd-quarter profit of $2.4 billion, beating Street, in sign banks may be recoveringJuly 17th, 2009 Bank of America posts 2Q profit, surpasses StreetCHARLOTTE, N.C. — Bank of America joined the nation's other big banks in reporting better than expected earnings, posting a $2.42 billion second-quarter profit even as losses from failed loans continued to rise.
BofA plans to complete debt exchange soon, boosting capital by more than $33.9B Feds requiredJune 25th, 2009 BofA raising more capital than Feds requiredCHARLOTTE, N.C. — Bank of America Corp.
BofA completes debt exchange, has increased capital by more than $33.9B government requirementJune 25th, 2009 BofA raises more than the $33.9B required by gov'tCHARLOTTE, N.C. — Bank of America Corp.
Bank of America sells $7.3 billion stake in China Construction BankMay 14th, 2009 BofA sells $7.3B stake in China Construction BankCHARLOTTE, N.C. — Bank of America Corp.
US Bancorp, Capital 1, BB&T plan common stock offerings to repay gov't fundsMay 11th, 2009 3 banks plan stock offerings to repay gov't fundsNEW YORK — Three banks that have received a clean bill of health from the government have announced plans to raise capital to help repay government funds received last fall. U.S. Bancorp, Capital One Financial Corp.
Wells Fargo prices shares at $22 a share, boosting overall offering to $8.6BMay 9th, 2009 Wells Fargo prices stock offering at $8.6 billionSAN FRANCISCO — Wells Fargo & Co. said Friday it is raising $8.6 billion through an offering of 392.15 million shares at $22 apiece, boosting the amount it previously said it would raise by $1.1 billion.
Bank of America shares surge ahead of stress test results; 2 analysts upgrade stockMay 9th, 2009 Bank of America surges before stress test resultsNEW YORK — Shares of Bank of America Corp. continued their rapid climb Thursday, hours ahead of the expected announcement of bank stress test results and following a pair of analyst upgrades.
Bank of America shares surge ahead of stress test results; 2 analysts upgrade stockMay 9th, 2009 BofA shares surge; 2 analysts upgrade stockNEW YORK — Shares of Bank of America are surging, hours ahead of the expected announcement of bank stress test results, and after two analysts upgraded their views on the company. Bank of America shares are up $1.92, or 15.1 percent, to $14.61 Thursday.
Morgan Stanley to sell $3.5 billion in stock, $4 billion in notes after 'stress tests'May 8th, 2009 Morgan Stanley offers $3.5 billion in stockNEW YORK — Morgan Stanley is offering 146 million common shares for $24 each in an effort to raise gross proceeds of $3.5 billion. The company is also pricing an offering of $4 billion in bonds.
Bank of America shares rise in premarket trading amid reports it needs $34 billion in capitalMay 6th, 2009 Bank of America may need $34B in new capitalNEW YORK — Bank of America Corp. stock rose as investors appeared comforted by reports that the bank has the means to cover a potential $34 billion shortfall in capital.
Bank of America shares rise in premarket trading amid reports it needs $34 billion in capitalMay 6th, 2009 BofA shares rise amid reports of $34B shortfallNEW YORK — Bank of America Corp. stock rose Wednesday as investors appeared comforted by reports that the bank has the means to cover a potential $34 billion shortfall in capital.
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