Bank of America will raise $10bn in capital and halve its dividend to boost its financial strength, it said yesterday as it reported that its thirdquarter earnings had fallen to $1.2bn - a third of the level of a year ago.
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Bofa to raise $10bn and halve its dividend
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Bank of America plans to resume some foreclosures,
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Barclays reports 3% fall in profits
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Johnston press interim pre-tax profits halve
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Associated Banc-Corp earns $6.9 million in third quarter
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Bank of America begins moving $50 billion of derivatives to UK:
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Bank of America reports quarterly loss.
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Commonwealth bank of Australia warns over dividends
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NFinanSe raises $10.9 million
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Banks raise interest rates on deposits
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Barclays suffer a steep fall in pre-tax profit
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Bank credit, deposit growth loses steam
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Bank of America raises $13.47 billion
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Base rate approaches three years at 0.5%
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Bank of America plans to resume some foreclosures
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Bank of America reiterates ``buy'' rating for ARM Holdings (ARM)
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American Capital realizes a gain of $69 million