Bank Of America

'India a strategic priority for global banks': Foreign bank heads at BFSI

Heads of India's leading foreign banks discuss the key to success on Indian turf in conversation with consulting editor Tamal Bandyopadhyay at the Business Standard BFSI Insight Summit

Bankrupt Tupperware cancels market auction, agrees to lender takeover

The lenders now poised to acquire Tupperware include Alden Global Capital, Stonehill Institutional Partners and a trading desk of Bank of America

BofA Q3 profit beats expectation on investment banking, trading strength

BofA's investment banking fees jumped 18 per cent to $1.4 billion, compared with a year earlier, bolstered by a rebound in activity in recent months

JPMorgan to cap junior banker hours, BofA monitors workload amid complaints

JPMorgan Chase & Co. will limit junior banker hours to 80 per week in most cases, according to a person with knowledge of the matter

Whistleblower alleges BofA of sharing non-public information: WSJ

The whistleblower's complaint was filed in June, according to the report

Warren Buffett shrinks stake, sells more BofA shares worth $982 mn

Buffett has held silent about his reasoning while whittling the highly profitable bet - an investment that began when the stock was trading near $5 in 2011

Warren Buffett's Berkshire halves stake in Apple, now has $270 bn cash pile

With the recent sell-offs, Warren Buffett-led Berkshire Hathaway has raised its cash position relative to total assets in the June quarter to 25 percent

Consumers could become discouraged unless rates drop: Bank of America CEO

At the end of July the Fed kept the policy rate in the same 5.25 per cent-5.50 per cent range it has been for more than a year, but signaled that a rate cut could come as soon as September

RBI to lower rates by 100 bps by March 2026, as inflation eases: BOA

The rate easing cycle in Asia's third-largest economy should begin with a 25-basis-point cut in December, Jain said, mirroring the market view

Berkshire's cash hits $277 bn as Warren Buffett pulls back from stocks

Q2 operating profit rose 15 per cent to $11.6 bn, about $8,073 per Class A share, from $10.04 bn year earlier, with nearly half coming from underwriting, investments in Berkshire's insurance business

Warren Buffett offloads more Bank of America shares; sales top $3.8 bn

The sales began after Bank of America's stock price had risen by about two-thirds since late October, and traded at more than 1.2 times book value

Warren Buffett cuts BofA stake again, unloads $3 billion this month

Still, Berkshire holds almost 962 million shares, the filing shows - worth $39.5 billion at Monday's closing price

Goldman Sachs appoints co-heads of investment banking business in India

The firm also announced that Sunil Khaitan has joined as head of financing in India. Reuters reported in April that Goldman hired Khaitan from Bank of America

Goldman Sachs targets $2 bn for first Asia-focused pvt equity fund

Only five China-focused private equity funds were raised in the first half this year, totalling $2.2 billion

Foreign banks snap up short-term Indian sovereign bonds: Bank of America

Investors' eagerness for short-term bonds are driven by lower supply of treasury bills

India Cements denies rumours of Rs 500 cr funding talks with BofA, Nomura

News report of funding talks emerged after UltraTech Cement announced its plans to acquire over 70 million shares in India Cements

Vodafone to sell 10% stake in Indus Towers for up to $1.1 billion

Vodafone plans to repay part of its $42.17 billion net debt using proceeds from the Indus Towers stake sale

Goldman Sachs aims to double lending to wealthy private bank clients

Goldman's total deposits jumped to $441 billion in the first quarter, with over 39 per cent coming from consumer accounts, versus $190 billion in total deposits at the end of 2019

Cheaper rupee boosting its lure as carry trade, says Bank of America

The rupee has become one of the least volatile currencies in emerging markets, aided by a long interest-rate pause by the Reserve Bank of India and record foreign exchange reserves

Bank of America bullish on rupee despite election led market volatility

The rupee inched up 0.1 per cent to 83.22 per dollar on Wednesday, the highest since April 10