Word: banke
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Dates: during 2000-2009
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...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 could also negotiate with the federal government to get it to convert its preferred shares to common. That would cause uncommon dilution which would almost certainly drag down the price of the bank's stock. (See pictures of the global financial crisis...
...Bernanke said that the large banks that need to raise money will be able to do so in the private capital markets. If he is wrong, Bank of America will be back to ask for more loans from the government, which might cost the firm its independence...
...recent report analyst Mary Ann Bartels of Bank of America/Merrill Lynch told clients she thinks the current rally is being driven by outright buying, and not just by short sellers closing out their positions which involves a stock purchase. "The market rally can continue," she says...
...When she got to her feet, the knees of her pants were frayed and bits of gravel clung to the fabric, but she didn’t brush them clean or in any other way distract her focus from the figure kneeling on the opposite bank. The dark shape across the water grew elongated, also standing. They faced one another with the Feather River in between. In two or three more hours? they would kneel again and drink.”Among prose stylists, Denis Johnson has few living equals. His finest moments bristle with beauty and potential; words blossom...