Word: afters
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Then in late March, the bank became the first major lender to say it would reduce loan balances of homeowners who owe more than their property is worth. Most other banks have only been willing to lower interest rates. Writing down loan balances for such "underwater" homeowners, while costly for...
Bank of America employees say Moynihan has been been able to lift morale at the bank, which was battered by the financial crisis. After Bank of America struck a deal to buy Merrill Lynch in late 2008, many of Merrill's employees fled. Now some are coming back. Recently, two...
Ironically, Moynihan almost didn't stick around long enough at the bank to become its CEO. In late 2008, former CEO Ken Lewis reportedly considering firing Moynihan, who had joined the bank after its 2004 acquisition of FleetBoston Financial, after the executive turned down the post of head of the...
The 1999 Chechen war was precipitated by a series of deadly apartment bombings in Russian cities, including Moscow, and human-rights activists have warned that new terrorist attacks could lead to more military campaigns in Chechnya or the other violence-wracked parts of the North Caucasus - Ingushetia and Dagestan. The...
Vladimir Markin, a spokesman for the General Prosecutor's Office, said a preliminary investigation indicated that two female bombers carried out Monday's attack. "The bombs seem to have been attached at waist-level and consisted of between one and two kilograms of TNT, which was powerful and had been...