The Banking and Strategy Initiative

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Tag Archives: MBNA

The Housing Recovery 2012: BofA brings back Rental REITs | Banking insight

While some banks have been packaging off properties for foreclosure to real estate developers and Professional REIT only funds have increasingly been relying on rentals as a source of income, … Continue reading

March 23, 2012 · 1 Comment

How about BofA hitting the upper circuit! That’s $10 per share | Banking Insight

Did you think that would make news! Bank of America continued in the stratosphere of best performing stocks for the 12 th week running this Monday as it climbed the … Continue reading

March 19, 2012

Bank of America asset sales continue

BofA continues its asset sales with sales from its associate Credit card portfolios run uder the name of FIA Card services. While one sale was made to Regions Financial in … Continue reading

December 22, 2011 · 7 Comments

Bank of America savings or 10000 jobs?

In a whirlwind of media confusion, Bank of America added a further 3500 job cuts to its large army of bankers yesterday,. However half the early media reports on the … Continue reading

August 20, 2011 · 1 Comment

Bank of America gets out of Credit Cards business (in Canada) | Advantage Dealbook

Bank of America has sold businesses worth $30 billion since the restructuring put Moynihan in charge in 2010. The latest sale of its Canada Credit Card businesses has been bought … Continue reading

August 16, 2011

Capital One bids: All that being on the clock must already be hurting..

Do pick up the next deal tab for Capital One as they dig into HSBC Credit Cards’ large $30 bln portfolio.. But then it’s just ┬ápublicity as a strategy Capital … Continue reading

June 16, 2011 · 7 Comments