Showing posts with label Bank of America. Show all posts
Showing posts with label Bank of America. Show all posts
Tuesday, April 15, 2025

Bank of America overall profits up 11%, stock trading revenue up 17%

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Bank of America on Tuesday posted first-quarter results that topped analysts’ expectations for profit and revenue on stronger-than-expected...
Thursday, June 29, 2023

Bank of America paper losses on bond portfolio exceed $100 billion at end of 1Q, amounting to 20% of all such unrealized losses for all US banks

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  Bank of America Nurses $100B Paper Loss After Big Bet in Bond Market
Tuesday, October 18, 2022

Jay Powell is only appearing to be serious about battling inflation

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  The only thing Jay is doing about inflation is making sure everyone thinks he's doing something about it, while making sure there rema...
Wednesday, July 6, 2022

This is as good a day as any to remember that Ben Bernanke's Fed under Obama bailed out the banksters and hung 6.5 million homeowners out to dry

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 Bloomberg, August 21, 2011, here : Fed Chairman Ben S. Bernanke’s unprecedented effort to keep the economy from plunging into depression ...
Friday, August 22, 2014

Federal Reserve banks rob the people a minimum $400 billion annually through ZIRP, so far have paid just $125 billion in fines for financial crisis crimes

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Bank of America is a chief offender appearing in the lists. The latest fine against it, among others, is detailed here : "The B...
Thursday, March 20, 2014

All But One Big Bank Would Fail Real Stress Tests, Which Means In An Actual Crisis It's 2008 All Over Again

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So says Bloomberg View  here , naming Wells Fargo as the only one which would pass: The results aren’t pretty. Using a start date of Sept. 3...
Saturday, March 15, 2014

FDIC Sues 16 Big Banks Saying LIBOR Rigging Hurt 38 US Banks Which Eventually Failed

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CNBC reports here : The FDIC said the defendants' conduct caused substantial losses to 38 banks that the U.S. regulator had taken into r...
Wednesday, September 18, 2013

American Businesses Have Saved $2.8 Trillion In Last Four Years Due To ZIRP

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In the form of lower borrowing costs, according to this story from Bloomberg: America’s companies, from Apple Inc. (AAPL) to Verizon Communi...
Wednesday, April 3, 2013

Forbes: The Fed Is The Most Hypocritical, Thieving, Incompetent Bank In The Country

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Richard Salsman for Forbes here savages the thieving, incompetent US Federal Reserve for its utter hypocrisy in keeping comparatively well-...
Friday, March 1, 2013

I Know! Let's Get The Sequestration Cuts From The Banks!

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In an editorial on February 20th, here  (which has caused quite the hubbub), Bloomberg.com maintained that most big banks are not profitable...
Sunday, February 24, 2013

The Banks Own 32% Of The Stock Market, Households 37%

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This Bank of America chart from July 2012 seen here shows bank ownership of the equity markets at 32% in Q1 2012, a stunning number rivalli...
Friday, August 10, 2012

Obama's Gangster Auto Tsar Admires China, The Largest Expression of Crony Capitalism In History

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As pointed out by Joel Kotkin for The Daily Beast, here , who refrains from using the still radioactive term "fascist" in lieu of ...
Sunday, July 15, 2012

America's LIBOR Banks' Silence Is Deafening

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John Carney for NetNet, here : I asked Bank of America, Citi, and JP Morgan Chase to provide answer[s] to four sets of questions about their...
Wednesday, June 27, 2012

European Project Has Been Hijacked To Prop Up Insolvent Banks

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So says an angry Irishman, Declan Ganley, who is none too happy that despite being in an economic depression, Ireland continues to bailout f...
Monday, November 28, 2011

Big Banks Got Rock Bottom Cheap Loans of $1.2 Trillion on Worst Day in Dec. 2008, and Limbaugh Denies They Were Bailed Out

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TARP was meant as a diversion from the real action going on behind the scenes, and the diversion is still working on the dunderheads like Ru...
Friday, October 7, 2011

TARP Was Designed to Accommodate the Fat Cats

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If my memory serves me right, the whole idea was dreamt up in the first place by people at Bank of America and actively pushed in Congress l...
Sunday, September 25, 2011

France Blows Smoke Up The World's Ass: French Banks Have No Toxic Assets!

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HaHaHaHaHa! That's the lie of the decade, at the very least, betrayed by just one phrase: loans to Greece Italy. From Bloomberg.com her...
Tuesday, September 6, 2011

Attorneys General of Just Four States Oppose $20 Billion Get Out Of Jail Card For Banks

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And rightly so. Absolving the banks from further litigation in the robosigning and securitization scandal for such a paltry sum would be lik...
Tuesday, July 19, 2011

How Much of Your Money Market Fund is in the Repo Market?

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Just days ago it seems we were worried sick about money market exposures to European banks who are in turn exposed to the PIIGS. Overall US ...
Saturday, June 11, 2011

Guarantees Implicit Under Dodd-Frank Hand Big Banks Billions in Borrowing Advantages at Taxpayer Expense

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So says John Carney here , calling Bank of America, Citigroup and Wells Fargo, among others, our new Fannie Maes and Freddie Macs.