One of the banks that floated Twitter on the New York Stock Exchange has stunned Wall Street by warning of an “unattractive valuation” and rated the stock to “underperform” rating on the shares.
Bank Of America
Like this page on Facebook for updates
Saturday 16 April 2011
Bargain hunters looking for a cheap way to invest in a potential bid target were told to dial into Cable & Wireless Worldwide (CWW) yesterday, as the telecommunications group advanced up the mid-tier index.
Friday 15 April 2011
The US authorities are considering invoking anti-cartel laws against some of the world's biggest banks, in an investigation into whether they colluded to manipulate interest rates during the credit crisis.
Friday 25 March 2011
Barclays is at the centre of an investigation into whether banks manipulated wholesale borrowing costs at the height of the credit crunch, it was reported today.
Wednesday 23 March 2011
Hopes that Glencore may be readying itself for a listing received a boost last night as it emerged that the Swiss commodities trader was close to strengthening its team of financial advisers ahead of a potential flotation in London and Hong Kong.
Friday 18 March 2011
Tuesday 15 March 2011
Anonymous, the internet hacking group sympathetic to WikiLeaks, has revealed internal Bank of America (BofA) email correspondence purporting to show employees of a subsidiary, Balboa Insurance, discussing removing documents from files relating to homes insured by the company.
Monday 14 March 2011
Debt-laden property management company Peverel has gone into administration in a further blow to the empire of the billionaire Tchenguiz brothers.
Monday 14 March 2011
Who needs real dividends when you can have peace dividends (otherwise known as a period of enhanced returns thanks to afailure to conduct misguided M&A)? That appears to be the message from Brian Moynihan, the chief executive of struggling Bank of America, who welcomed analysts to an investor day at the bank with this little gem ofwisdom: "I can't stress enough to you how much of a peace dividend we'll get without mergers; that peace dividend is effectively apermanent dividend."
Thursday 10 March 2011
Doubt was cast yesterday on the introduction of plain packaging for cigarettes after the Government gave the idea only lukewarm support.
Tuesday 01 March 2011
Afghan treasures looted from Kabul have come to light nearly 20 years after they were stolen, thanks to an unknown benefactor.
Saturday 26 February 2011
- 1 Nelson Mandela memorial sign language interpreter was a 'fake'
- 2 It’s shameful that our universities have accepted gender segregation under pressure from the most oppressive religious fanatics
- 3 Sir Ian McKellen hits back at Damian Lewis' 'fruity actor' claims
- 4 Kenyan politician Mike Sonko left red-faced after photoshopping himself next to Nelson Mandela
- 5 Selfie at funeral: Cameron squeezes in on Obama snap at Mandela memorial