Posts Tagged ‘Bank of America’
Possible Extra Aid for Bank of America
Thursday, January 15, 2009 7:27 No CommentsBank of America could receive an additional bailout of billions of dollars to stave off the impact of Merrill Lynch’s fourth-quarter losses, after the closure of a deal between the two banks.
In September, the bank announced that it would pay $50 billion in shares for Merrill Lynch. The deal saved the Wall Street bank from [...]
