Bank of America Corp completes stock sale, raises $13.5 billion
The Bank of America Corp. (NYSE:BAC) has said that it has now completed a sale of stock, raising $13.5 billion in capital. This was all part of a fund raising scheme which was requested by the government. The banks sold 1.25 billion shares, which had an average price of $10.77.
Lehman and Barclays PLC payment
Lehman Brothers Holdings Inc (OTC:LEHMQ) have been seeking permission from the court to look to see if they have been adequately compensated by Barclays Plc (LON:BARC) for its brokerage unit. Reuters
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say that this was accruing to the document s that had been filed on Monday.
RBS plans to hire advisers for Asset Management
Royal Bank of Scotland (LON:RBS) are said to be hiring advisers to help offload RBS Asset Management, this is the bank’s fund unit that invests on behalf of clients of its private banking subsidiary, Coutts.
Bank of America Corp sells 5.8 percent stake in CCB
Bank of America Corp (NYSE:BAC) has come under a great deal of pressure from U.S. regulators, they need to raise money so have sold a 5.8 percent stake in China Construction Bank Corp. this totaled $7.3 billion.
Lloyds, RBS, and Barclays dominate TD Waterhouse share dealing
The dealing activity at TD Waterhouse last week was dominated by buying and selling shares in UK banks such as Barclays (LON:BARC), Lloyds TSB (LON:LLOY) and RBS( LON:RBS), following the rally in the markets the previous week.