Word: billion
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...vote to approve the Merrill deal, Bank of America executives told shareholders that no bonuses would be paid to Merrill executives prior to the acquisition. In fact, Bank of America had agreed more than a month earlier to approve the payment of more than $5 billion in year-end bonuses to Merrill employees. (See 25 people to blame for the financial crisis...
...Lewis told Congress he intended to stay on as head of Bank of America until all the assistance it had gotten from the government to survive the financial crisis had been repaid. It seems unlikely that Bank of America will be able to pay back the government $45 billion anytime soon...
...January, Princeton raised $1 billion through taxable bond sales. Shortly after, Harvard issued $2.5 billion in debt...
Endowment payout will fund almost half of Princeton’s $1.3 billion operating budget this year...
...Investment Company, which manages the school’s endowment, reported investment losses of 23.7 percent this past year—better than the 30 percent loss predicted in the spring. The loss brings the total value of Princeton’s endowment as of June 30 to $12.6 billion, down from $16.3 billion last year...