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The article discusses doubts in the credit market about banking company Bank of America Corp. The cost of swaps used to insure against default on the bank's bonds has risen substantially. A ten-year bond issued by the company in 2011 has seen its yield rise to 6.5%. Credit strategist Edward Marrinan says markets seem to be concerned over the bank's capital levels.

The article reports that a top priority of incoming Bank of America Corp. (BOA) chief executive Brian Moynihan will be to restructure the firm's credit-card operations. Between the third quarters of 2008 and 2009 the charge-off rate for BOA's credit cards roughly doubled. Moynihan concedes the bank has issued too many cards, and says profits from credit cards will not be as large as they once were.

The article discusses significant volumes of debt held by U.S. banks that matures over the next few years. Before a global financial crisis emerged in 2007 many banks including Citigroup Inc. and Bank of America Corp. took advantage of low borrowing costs to increase their debt levels. Moody's Investors Service estimates $10 trillion in bank debt will come due before the start of 2016. Some of the debt may have to be refinanced at much higher rates of interest.

The article reports that Merrill Lynch & Co. has agreed to be acquired by Bank of America Corp. for around $44 billion. The deal was negotiated over a 48-hour period with the encouragement of U.S. federal regulators who feared an independent Merrill Lynch might not be able to survive on its own. The failure of U.S regulators and financial industry executives to arrange a sale of Lehman Brothers Holdings Inc. motivated Merrill chief executive John Thain to deal with Bank of America.

The article discusses financial developments in the U.S. Merrill Lynch & Co. has agreed to sell itself to Bank of America Corp. Lehman Brothers Holdings Inc. was reportedly preparing to file for bankruptcy after efforts to arrange a sale of the firm apparently failed. The U.S. Federal Reserve is expected to take steps to ease turmoil in financial markets.

The article reports that Lehman Brothers Holdings Inc. is trying to sell itself. Potential buyers include Bank of America Corp. and Barclays PLC. It is believed that any purchaser would want guarantees concerning loss protection from the U.S. government similar to those received by J.P. Morgan Chase & Co. when it bought out Bear Stearns Cos. No deal for Lehman appears imminent.

The article focuses on pressure that a rescue plan for investment funds called structured investment vehicles, which was initiated by Citigroup Inc., Bank of America Corp. and J.P. Morgan Chase & Co., is under in November of 2007. The plan is under pressure because Moody's Investors said the funds were liquidating assets to meet their financial commitments

The article focuses on accounting concerns which have been raised for Citigroup Inc. as a result of its involvement in an $80 billion rescue fund for the U.S. credit market. Citigroup, J.P. Morgan Chase & Co. and Bank of America Corp have created the fund which will use structured investment vehicles (SIVs), and several accounting firms have questioned whether Citigroup and the other banks need to account for the SIVs on their own balance sheets.

The article reports on a decision from Wachovia Corp. to become involved in an $80 billion investment fund being developed by Citigroup Inc., J. P. Morgan Chase & Co. and Bank of America Corp., The pool has been developed to acquire mortgage assets and help financially struggling credit markets in the U.S.

Reports on a class action lawsuit brought against eight of America's biggest credit card issuers for violations of the federal anti-trust law when the companies met secretly to plan arbitration agreements for its credit cards. How Bank of America Corp., Capital One Financial Corp., and others had more than 20 meetings; Involvement of prominent law firms such as Wilmer Cutler Pickering Hale & Dorr in the meetings; Description of the advertisement of one arbitrator, National Arbitration Forum; Details of the consumer complaint filed in a federal court in New York City.

Focuses on a lawsuit by Italian Banca Popolare di Intra against the Bank of America Corporation. Claim that the bank improperly sold and managed Intra's investment; Intra's alleged losses; How Intra's resolve to get its money back casts a new light on credit derivatives; Rise of the credit-derivatives market, including collateralized debt obligations; Highlights of the case; Why disputes between issuers and financial institutions that invest in the credit derivatives rarely become public; How credit derivatives have provided an important cushion to the global economy, and to the world's biggest banks that provide much of the corporate lending; Issue of public disclosure.

Assesses Bank of America Corp.'s all-stock acquisition of FleetBoston Financial Corp. Size of the combined company, indicating that it will be the second largest U.S. bank overall and a market share in every region of the country except for the upper Midwest; View of author that Bank of America feels the consumer will continue to drive the U.S. economy; Number of branches and automatic teller machines Bank of America will be acquiring in the New England market, which is considered a wealthy region; Plans of several U.S. banks to add more branches, indicating an industry focus on the consumer.

The article focuses on the challenges posed by the scope of the job as chief executive officer (CEO) of the Bank of America to possible successors. According to the authors, the search for a successor is likely to highlight the shortage of suitable banking CEOs since the financial crisis occurred in 2007. It notes that Brian Moynihan, an internal candidate who joined the bank in 2004, is the top contender for the position as of October 1, 2009. One of the outside candidates is Robert K. Steel, former CEO of Wachovia Corp.

The article looks at the decision of Bank of America (BofA) Corp. chairman and chief executive officer (CEO) Kenneth D. Lewis to consider the acquisition of the investment bank Lehman Brothers Holdings Inc. It states that Lehman Brothers has a history of attempting to turn difficulties to its advantage. It presumes the move has been influenced by the declining stock price of BofA and the possibility of federal government support for the deal. It cites that the acquisition would expand the coverage of BofA outside the country.

The article reports that Wachovia's collateralized debt obligations fell by $1.1 billion in October, 2007. Total losses and write-downs at big banks have reached $41 billion as Bank of America warned that it may take some time for markets to return to normal. Many banks are still trying to assess the extent of their exposure to risky mortgages while analysts and investors are at a loss in predicting when things will get better.

The article reports on the determination of bankers to accelerate the creation of a rescue plan for struggling investment funds. Bankers from Citigroup Inc., Bank of America Corp. and J.P. Morgan Chase & Co. are cooperating to create a superfund. Officials of the U.S. Department of Treasury remain optimistic in the completion of a superfund. The creation of the superfund faces several challenges.

The article reports on the planned creation of a super-size investment fund in the U.S. Bankers and other financial institutions have expressed interest in committing more than $60 billion in credit lines to create a planned superfund that will be used to support the ailing mortgage-securities market. The three U.S. banks organizing the fund, Bank of America Corp., J.P. Morgan Chase & Co., and Citigroup Inc., would come close to their goal of raising a fund of $80 billion to $100 billion if the expressions of interest turn into firm commitments.

The article reports on the lawsuit filed by the Royal Bank of Scotland Group PLC and its two partners governing the sale of ABN Amro Holding's LaSalle Bank of Chicago to Bank of America Corp. Levinus Timmerman, a Dutch advocate general, opined that shareholder vote is not required for the U.S. sale. The U.S. sale is part of a merger agreement between ABN Amro Holding and Barclays PLC.

This article reports that the British Financial Services Authority has begun a review of hedge-fund trading in ABN Amro Holding NV shares before a takeover bid by a consortium of European banks. People familiar with the matter said one trade under review involves the purchase of about €100 million in ABN shares by Toscafund Asset Management LLP in April 2007. Separately, Bank of America Corp. filed suit against ABN seeking to enforce its $21-billion deal involving LaSalle Bank in the U.S.

Reports on the earnings posted by banks in the U.S. in the third quarter of 2002, including Bank of America Corporation.

Presents updates on the Bank of America Corp. and Bank of New York Co. as of July 17, 2001.

Discusses the problems with commercial bank loans in the United States. Risk exposure of banks; Uncertainty on which loans will turn bad; Cases of Bank of America Corp. and First Union Corp.; Debtor companies that are being closely watched.

Reports on the uncollectible debt and the 2000 fourth-quarter profit of Bank of America Corp. Amount of its debt; Status of its stocks.

Reports on the net income posted by three banks in the United States during the second quarter of 2000. Bank of America Corp.; FleetBoston Financial Corp.; Bank of New York Co.

Provides information on the revenues of several banks in the United States for the fourth quarter of 1999. Increase in the Bank of America's noninterest income; Increase in the net income of J.P. Morgan company for the quarter; Profit posted by the Bank of New York.

Speculates on the 2000 earnings of Bank of America Corporation of Charlotte, North Carolina. Pressure on James Hance Jr., chief financial officer of the company; Question on the quarterly estimate of the company; Expenses of the bank; Earnings; Shares.

The article reports that the U.S. Securities and Exchange Commission and the Justice Department are investigating whether several large banks including UBS AG and Bank of America Corp. colluded to under-report their borrowing costs amid the global financial crisis of 2008-2008. Such costs are used to set the London interbank offered (Libor) rate.

The article focuses on the plan of Bank of America Corp., Citigroup Inc. and J.P. Morgan Chase & Co. to ease the tight credit market situation and start soliciting other financial institutions for contribution to the Superfund in the U.S. The move is aimed at making funds available to structured investment vehicles who have been troubled by the credit crunch. Although some banks have signified informal interest to join, the real measure of their commitment will rest on the financial terms of the financial arrangement.

The article focuses on the U.S. $100 billion fund developed by bankers from Citigroup Inc., J.P. Morgan Chase & Co. and Bank of America, aimed at helping structured investment vehicles that have encountered problems due to lack of liquidity. The superfund was initiated by the U.S. Department of Treasury in September 2007. Some of the hurdles facing the launching of the superfund include the approval it is awaiting from the corporate management of the banks and the approval from the credit rating providers.

The article discusses events surrounding Merrill Lynch & Co.'s sale of itself to Bank of America Corp., and the apparently unsuccessful efforts by U.S. regulators and financial industry executives to arrange a sale of Lehman Brothers Holdings Inc. A key impetus was Treasury Secretary Henry Paulson's decision that the government would not bail out Lehman.

Reports that a former hedge-fund manager at Canary Capital Partners LLC, Andrew Goodwin, is emerging as a key figure into the investigation by New York (State) Attorney General Eliot Spitzer into whether investment funds improperly traded mutual-fund shares. After hours trading of stocks claimed by Goodwin, who departed Canary in 2001 and runs Goodwin Trading Corp.; Comments from Goodwin's lawyer, indicating his client does not engage in late trading practices; Number of additional hedge funds that have been subpoenaed in connection with the market-timing trades that occurred in Spitzer's allegations; Bank of America Corp.'s role in the Canary allegations; Role of Edward J. Stern, of Canary Capital, in the trades; Indications that the scope of the investigation is growing to include more hedge funds.