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Posts tagged "BAC"

Fed & BofA Dump Billions in Losses onto Taxpayers

Posted on October 18, 2011 by WashingtonsBlog The Federal Reserve and Bank of America Initiate a Coup to Dump Billions of Dollars of Losses on the American Taxpayer Bloomberg reports that Bank of America is dumping derivatives onto a subsidiary which is insured by the government – i.e. taxpayers. Yves Smith notes: If you have...

Bank of America’s CEO Discusses Q3 2011 Results – Earnings Call Transcript

Bank of America (BAC)

Q3 2011 Earnings Call

October 18, 2011 8:30 am ET

Executives

Bruce R. Thompson - Chief Financial Officer

Kevin Stitt - Investor Relations

Brian T. Moynihan - Chief Executive Officer, President, Director and Member of Executive Committee

Analysts

Jefferson Harralson - Keefe, Bruyette, & Woods, Inc., Research Division

Matthew O'Connor...

The snake rears its head at Tidewater…

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New COO For Shareholder Representative Services

San Francisco-based Shareholder Representative Services, a post-closing expert for private company mergers and acquisitions has appointed William Lau as executive director and chief operating officer. He will oversee global operations, including finance, accounting, planning, treasury, and administrative activities from the firm’s San Francisco office. He was previously vice president and treasurer of GenCorp Inc, an...

JP Morgan Chase goes minimalist…

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Saying farewell the Yahoo (and BofA) way…

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FBR’s Paul Miller, Banking’s Latest Cheerleader

Today’s Dick Bove wannabe is the once respected Paul Miller of FBR Capital Markets & Co. In a note to clients that revealed a stunning ignorance of fiduciary and legal obligations, Miller said FHA, FHFA, and GSEs were “acting in their own self-interest as opposed to that of the broader U.S. economy.” The details of...

Forget TARP: Wall St Borrowed $1.2 Trillion from Fed

> I continue to be of the mind that the Wall Street Bailouts were misguided, and that a massive Swedish style reorg would have been the best thing for the nation and the economy in the long run. Both Uncle Sam and the Fed would have provided the broad based debtor in possession financing required,...

Bank of America Corporation Special Call

Bank of America Corporation (BAC)

August 10, 2011 1:00 pm ET

Executives

Brian Moynihan - Chief Executive Officer, President, Director and Member of Executive Committee

Bruce Berkowitz - Founder and Portfolio Manager

Bruce Thompson - Chief Financial officer

Analysts

James Sinegal - Morningstar Inc.

Rajat Jain - Litman/Gregory Research, Inc.

James Mahoney - The...

Stock slide tips BofA CEO’s portfolio toward debt…

A funny thing has happened at Bank of America (BAC) as its shares have lost more than half their value over the last five months: Chief Executive Brian T. Moynihan is looking more like a creditor and less like a shareholder than he used to. That’s not because Moynihan has been selling a significant number...

Bank of America on S&P’s waiting game…

You may have noticed that the markets were a little kerflooey yesterday, what with the Dow dropping over 500 points. And while they’re rebounding slightly this morning, there’s clearly a lot of nervous people out there. As the WSJ explains in this article a lot of the uncertainty is related to a guessing game over...

Bank of America’s CEO Discusses Q2 2011 Results – Earnings Call Transcript

Bank of America (BAC)

Q2 2011 Earnings Call

July 19, 2011 8:30 am ET

Executives

Brian Moynihan - Chief Executive Officer, President, Director and Member of Executive Committee

Kevin Stitt - Investor Relations

Bruce Thompson - Chief Risk Officer

Analysts

Ed Najarian - ISI Group Inc.

John McDonald - Sanford C. Bernstein & Co.,...