Blog Archives

The Housing Recovery 2012: BofA brings back Rental REITs | Banking insight

While some banks have been packaging off properties for foreclosure to real estate developers and Professional REIT only funds have increasingly been relying on rentals as a source of income, data for it has hardly been available outside snips from

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Posted in Banking, Retail Lifestyle, US

How about BofA hitting the upper circuit! That’s $10 per share | Banking Insight

Did you think that would make news! Bank of America continued in the stratosphere of best performing stocks for the 12 th week running this Monday as it climbed the ubiquitous 19 cents a day ladder to land up at

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Posted in Amitonomics, Banking, Retail Lifestyle, US

Bank of America asset sales continue

BofA continues its asset sales with sales from its associate Credit card portfolios run uder the name of FIA Card services. While one sale was made to Regions Financial in June for cards run as Regions Financial issue for $1

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Posted in Banking, US

Bank of America savings or 10000 jobs?

In a whirlwind of media confusion, Bank of America added a further 3500 job cuts to its large army of bankers yesterday,. However half the early media reports on the news assumed it to be part of its overall Headquarters’

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Posted in Banking, US

Bank of America gets out of Credit Cards business (in Canada) | Advantage Dealbook

Bank of America has sold businesses worth $30 billion since the restructuring put Moynihan in charge in 2010. The latest sale of its Canada Credit Card businesses has been bought by the Toronto headquartered TD group which also owns the

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Posted in Amitonomics, Banking, Global, US

Capital One bids: All that being on the clock must already be hurting..

Do pick up the next deal tab for Capital One as they dig into HSBC Credit Cards’ large $30 bln portfolio.. But then it’s just  publicity as a strategy Capital One is carpet bombed over the networks as it decided

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Posted in Banking, Financial Markets, Private Equity, Retail Lifestyle