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 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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May 11, 2009
Analysts saw more green shoots poke through the world economic freeze this week, hailing the âstress testsâ for big US banks as an encouraging sign that a recovery was gaining momentum. âWe view the [stress test] results highly positively,â said economists from UBS bank in a report. âThey bring us much closer to balance sheet [...]
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May 4, 2009
US stocks keep proving the naysayers wrong, as major averages continue to gain despite expectations for the recent rally’s demise. And this week may be no different. But after a frenzied two-month run, the roadblocks may be too much to overcome.Fears that bank stress tests will cast an even bigger shadow over the addled financial [...]
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