bank of america


AmEx profit tops estimates as record splurge on rewards

Apr 19 2018

AmEx easily topped Wall Street targets for quarterly profit as record investments in card rewards and a strengthening US economy contributed to higher customer spending.

World stocks at 4-week highs as earnings rekindle risk appetite

Apr 18 2018

Global stocks climbed to their highest in nearly 4 wks as strong US Q1 earnings helped revive risk appetite, driving up equities and hauling the dollar out of its slump.

Normal monsoon may prompt rate cuts by RBI in Aug: Report

Apr 18 2018

RBI is expected to go for a 25 basis points rate cut in key rates in its policy review meet in August, says a report.

Wells Fargo loses steam in commercial lending as rivals pounce

Apr 17 2018

Wells Fargo two biggest competitors have been nabbing market share in lending to commercial and industrial customers in the American heartland.

Wall Street rises as Syria fears ease; healthcare stocks jump

Apr 16 2018

At 9:53 a.m. ET, the Dow Jones Industrial Average .DJI was up 0.59 percent at 24,502.89.

BofA's profit rises on higher interest rates, loan growth

Apr 16 2018

Bank of America (BAC.N) reported a 34 percent rise in first-quarter profit on Monday as it benefited from higher interest rates and loan growth.

Investors brush aside Russia concerns to pile into risk assets: BAML

Apr 13 2018

Investors brushed aside concern over military and economic tensions between the United States and Russia to pump as much as $7 billion into equities over the past week.

5,000 UK finance jobs may be moved by Brexit, half earlier forecast

Mar 28 2018

The number of finance jobs to be shifted out of Britain or created overseas by March 2019 due to Brexit has dropped by half compared to six months ago to 5,000 roles.

Inflation fears overdone; rate cut likely in Aug: Report

Mar 28 2018

Inflation risks are overdone, and RBI is expected to go for a rate cut in August, even as it may strike a "balanced tone" in the ensuing policy review meet next month.

Bank of America pays record $42 mn penalty over masking stock trades

Mar 23 2018

Bank of America Corp will pay a $42 million fine and admitted wrongdoing to settle claims by New York state.

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Stocks In News



Steel Ministry To Announce Scrap Policy This Year

Draft Scrappage Policy Allows Benefits For Vehicles Older Than 20 Yrs

Steel Secy Arun Sharma Says Policy Will Be Out By December 2018

Scheme Will Come In Effect From April 2020

Mint Reports


Telenor India Eyes Bankruptcy Filing, Merger Plan With Airtel May Take Hit

Legal Tussle Over Bank Guarantee Could Also Delay Govt Approval

Economic Times Reports


Lenders To Meet Today To Decide On Essar Steel

CoC May Give Time To Arcelor And Numetal To Rectify Bids

Business Standard Reports


IPO under SEBI scanner

SEBI has sought details of investment made by ICICI Prudential MF

Had to cut its IPO Size To Rs 3,520 Cr from original target of Rs 4,017 Cr

A large chunk was bought by ICICI MF

ICICI MF is ICICI Securities largest public shareholder with 3.82% stake

Mint Reports


Board approves proposal for corporate restructuring

Move aimed at simplifying & clarifying structure & holdings

To focus on travel, forex, destination mgmt & portfolio investments

Restructuring will consolidate HR services into Quess Corp

Shareholders will receive 1,889 shares of Quess for every 10,000 Shares Held in Co

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