August 31, 2011
The American International Group (AIG) building is seen in New York's financial district March 16, 2009. Top Bank of America Corp lawyers knew as early as January that American International Group Inc was prepared to sue the bank for more than $10 billion, seven months before the lawsuit was filed, according to sources familiar with [...]
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August 22, 2009
A clerk helps customers at Woori Bank headquarters in Seoul, South Korea on May 4, 2009. South Korea, Australia and India will raise interest rates ahead of China, the nation that is driving the regionâs economic recovery, Bank of America-Merrill Lynch said. Australia and South Korea may raise rates next quarter, with India following in [...]
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August 12, 2009
Pedestrians pass a Bank of America branch in New York. Bank of America, the largest US bank, has lately snapped up senior officials to join its investment bank. US banks, which have cut thousands of jobs during the two-year-old financial crisis, are suddenly racing to fill empty seats to make the most of soaring stock [...]
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June 18, 2009
Pedestrians are reflected in the window of a Bank of America Corp. bank branch in Charlotte, North Carolina, US Bank of America Corp. has made âconsiderableâ cost savings in Asia since its January purchase of Merrill Lynch & Co. and has begun adding employees as rebounding equity markets help halt a revenue drop. The Charlotte, [...]
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March 14, 2009
Traders work on the floor of the New York Stock Exchange in New York, United States. China, the US governmentâs largest creditor, is âworriedâ about its holdings of Treasuries and wants assurances that the investment is safe, Premier Wen Jiabao said. âWe have lent a huge amount of money to the US,â Wen said at [...]
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February 14, 2009
People walk along a shopping street in Beijing, China Friday Chinaâs economy is showing signs that a 4 trillion yuan (US$585 billion) stimulus package is taking effect. The worldâs third-biggest economy may expand 6.6 percent in the second quarter after slowing to 6.3 percent in the three months to March 31, the slowest pace since [...]
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