BofA settles Countrywide investors claims Bank of America has created the surprise of the week so far by announcing it will repay 45 billion dollars of taxpayer bailout funds over the next few days.
It is a welcome shot in the arm for the US Treasury, which has been heavily criticised for throwing good taxpayer money after bad to keep Wall street going. It appears to vindicate the Treasury’s strategy, and analysts say other rescued banks may now follow BOA’s lead.More about: Bank of America, BankingCopyright © 2012 euronews
Top Stories
Syrian bloodshed spreads to Aleppo
The upsurge in violence in Syria has spread to the northern city of Aleppo, where soldiers and civilians have been killed in separate explosions, according to state TV. It said a building used by military intelligence and a security forces as a…
Troika demands more cuts - Greece strikes
Greece is in the grip of another general strike with workers furious about yet more budget cuts…
Tahrir marks the anniversary of Mubarak's ouster
Egypt is braced for a general strike on Saturday, the day which marks the one year anniversary of…
Corporate news
Renault’s low-cost Moroccan factory upsets politicians- Pepsi cuts jobs, boosts marketing chasing Coke
- Southern Europe hanging up on Vodafone
- Some shareholders baulk at Glencore-Xstrata merger
- Upbeat forecast from Toyota
- Gloomy outlook from UBS
- Boeing plays down 787 delamination problem
- Mitsubishi puts the brakes on European production
- Panasonic joins Sony and Sharp in sea of red ink
- Debt grounds Hungary’s Malev
euronews on facebook
