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Bank of America is sure it meets TARP exiting requirement

December 6, 2010 - 5:07am | Banks and internet banks | News
Bank of America is sure it meets TARP exiting requirement

According to the newest reports by the Financial Times the largest US lender Bank of America reported to the Federal Reserve it has met the final condition in repaying the government's $45 billion bail-out funding. BofA was given until the end of this year to record the gains.
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Bank of America | common shares | government bailout | TARP
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Bank of America raises $5.9 billion reaching the total of $26 billion so far

May 28, 2009 - 7:30am | Banks and internet banks | News
Bank of America raises $5.9 billion reaching the total of $26 billion so far

On Wednesday Bank of America announced that it raised $5.9 billion via the conversion of preferred shares for common stock, that appeared to be a part of its plan to support its capital base.

As part of its "stress tests" of 19 banks, the federal government said Bank of America more than others needed additional cash to oppose a potentially deepening economy, so it should raise $33.9 billion in capital to bolster its reserves. 
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BofA | China Construction Bank | common shares | federal government | preferred stocks | USA
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U.S. banks are going to sell common shares

May 11, 2009 - 2:22pm | Banks and internet banks | News
U.S. banks are going to sell common shares

The results of government-mandated stress tests on the nation's largest banks have determined how much capital they are required to raise. The results generally showed that they would require less new capital than had been expected. Investors' relief over the stress tests fueled a "meltup" in the banking sector on Friday, helping some of the nation's largest lenders raise more than $12 billion in new equity capital.
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Bank of America | banking sector | BB&T Corp. | common shares | TARP
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Investment basics: how do stocks work?

April 27, 2009 - 1:59pm | Articles | Investment industry
Investment basics: how do stocks work?

Over the last few decades, the average person’s interest in the stock exchange has significantly grown. What was once rich people’s toy now has become a popular financial instrument. This interest coupled with new technology has fueled up stock trading. Nowadays shares are a part of nearly all investment kits. 
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common shares | exchange | NASDAQ | NYSE | preferred shares | shares | stock brokers | stockholders | Stocks
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