Word: bac
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...told both a nurse and doctor that I had congenitally loose shoulder joints. You looked at me skeptically when I explained how I fell. You asked if I had been drinking, and when I admitted that I had, you rudely thrust a Breathalyzer into my face to register my BAC. At somewhere between .082 and .112, it was above the legal limit to drive—but hardly criminal. Yet that’s what you treated me as. (I was drinking, but that’s not why I fell down...
...America's 19 largest banks. That part of the drama is over. Someone leaked almost all of the information on the banks that failed the tests and how much money they will be asked to bring in as new capital. Citigroup (C), Wells Fargo (WFC), and Bank of America (BAC) are troubled, as the government sees it, and will have to improve their balance sheets by a combined total of almost $60 billion. JP Morgan (JPM) and Goldman Sachs (GS) passed the tests and are free from any additional obligations. The stock market has been voting on which banks...
...famous bankers have been ridiculed in public. Some have lost their jobs. Hank Paulson, a well-built former Dartmouth football player and former head of Goldman Sachs and mild-mannered Ben Bernanke have been accused of manipulating a major decision by a public company, Bank of America's (BAC) decision about whether it should by Merrill Lynch, overriding the normal and legal corporate governance system. Put more simply, they broke a law in the name of saving the national financial system...
Bank of America (BAC) will need to improve its capital position by nearly $35 billion, according to several press reports. It may be able to sell its part of its stake in the China Construction Bank, which the FT says could bring in as much as $8 billion...
...bank's policies at a rate which was abnormally fast based on Fed history. He offered hundreds of millions of dollars of liquidity to banks that probably would have collapsed without it. He manhandled the people who got in his way, most recently Ken Lewis from Bank of America (BAC...