Bank America says European bank buy not a priority
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Bank of America  is open to  buying a European bank if the price is right but such a move is  not among its strategic priorities, its Chief Executive Kenneth  Lewis was quoted on Saturday as saying.
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State-owned Sberbank's   supervisory board postponed a decision on a share issue that  would be worth $8.7 billion at current prices, a senior finance  ministry official told Reuters on Tuesday.
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Leading Spanish bank Santander Central Hispano said that its hoped-for acquisition of British home-loan specialist Abbey National would not require asset sales, adding there was as yet no counter-offer.
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Bank of America Corp said on Friday that it would buy battered mortgage lender Countrywide Financial Corp for $4 billion, a move that could avert one of the biggest collapses from the U.S. housing crisis.
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The company said the move was part of its ongoing integration of FleetBoston Financial, which it bought last year. Bank of America, the largest retail bank in the US, said the cuts would not violate any job
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U.S. stocks gained on Thursday after news Bank of America  is in advanced talks to buy struggling mortgage lender Countrywide Financial Corp .
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Bank of America Corp. , the nation's largest retail bank, reported yesterday that third-quarter earnings plummeted 32 percent because of problems in mortgage and credit markets. But analysts said the bank's woes are unlikely to have an effect on consumers or businesses in Massachusetts, a market the bank dominates.
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Bank of America Corp.  said on  Monday it completed its $3.3 billion purchase of the U.S. Trust  business from Charles Schwab Corp. , and is defying  analyst concern that it would have trouble retaining many of  U.S. Trust&#39;s ultra-wealthy clients.
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New York activist hedge fund Atticus  Capital LP has acquired shares of British bank Barclays Plc   and is pushing the bank to drop its 63 billion-euro  ($84.6 billion) bid for Dutch bank ABN AMRO , the  Financial Times reported on Monday.
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Kenneth D. Lewis has gambled on bold acquisitions to build Bank of America into the nationâs largest bank, but  few of his bets match the acquisition of Countrywide Financial Corporation.
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Britain's Royal Bank of Scotland  is considering a major acquisition in the United States early next year, according to a report in The Scotsman newspaper on Wednesday, but the bank dismissed the report.
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European banking giant UniCredit  on Friday denied a report in Italy's leading business daily that it might be interested in buying the $47 billion U.S. investment bank Merrill Lynch .
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Bank of America Corp. chief executive Kenneth Lewis said yesterday it is unlikely the nation's second-largest bank will acquire a smaller rival in 2007. Instead, the company will focus on the growth of existing operations.
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Nearly a year after agreeing to buy  FleetBoston Financial Corp., Bank of America Corp. BAC.N has  found it still has a lot of explaining to do in New England.
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Royal Bank of Scotland  said it was not in talks with Bank of America  regarding an attempt to resolve the purchase of LaSalle Bank, the U.S. arm of ABN AMRO which is a subject of dispute in the proposed RBS buyout of ABN.
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U.S. and European banks including  Citigroup Inc  and HSBC Holdings PLC  are mulling  sales of parts of their businesses from branches to entire  units in a nod to crunch times ahead, the Wall Street Journal  reported on its Web site on Thursday.
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NEW YORK -- Bank of America Corp. is defending its decision to offer credit cards to people who don't have US Social Security numbers amid criticism the program effectively endorses illegal immigration.