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Bank of America Corp (BAC.N)

BAC.N on New York Stock Exchange

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Fri, Jul 31 2020

Buffett's Berkshire boosts its stake in Bank of America to 11.8%

July 30 Warren Buffett's Berkshire Hathaway Inc said on Thursday it has bought another $522 million of stock in Bank of America Corp, boosting its already large stake in the second-largest U.S. bank by assets.

Bank of America revises up 2020 Brazil GDP forecast to -5.7% from -7.7%

BRASILIA, July 29 Economists at Bank of America have revised up their outlook for Brazil's economy, which is now on track to shrink by 5.7% this year instead of 7.7% as previously forecast, they said in a note published on Wednesday.

MOVES-Bank of America names new head of business banking

July 20 Bank of America Corp said on Monday it has promoted Raul Anaya to head of business banking. In his new role, the 30-year firm veteran will oversee the business line that serves mid-sized U.S.-based companies with annual revenues between $5 million and $50 million. Anaya, who also serves as market president for the Los Angeles area and co-chair of the Hispanic-Latino Executive Council, will report directly to Chief Operating Officer Tom Montag. (Reporting by Imani Moise; Editi

Mexico could lose investment grade rating in 2021: Bank of America

MEXICO CITY Mexico could lose its investment grade credit rating in 2021, with public debt expected to make up 60% of the country's gross domestic product this year as the economy contracts sharply, Bank of America said in a report on Thursday.

Mexico could lose investment grade rating in 2021 - Bank of America

MEXICO CITY, July 16 Mexico could lose its investment grade credit rating in 2021, with public debt expected to make up 60% of the country's gross domestic product this year as the economy contracts sharply, Bank of America said in a report on Thursday.

Bank of America profit slumps as heavy loan losses loom

Bank of America Corp saw its profit more than halve in the second quarter as it set aside $5 billion to cover potential loan losses, while warning that it would struggle as long as interest rates stayed low.

UPDATE 3-Bank of America profit slumps as heavy loan losses loom

July 16 Bank of America Corp saw its profit more than halve in the second quarter as it set aside $5 billion to cover potential loan losses, while warning that it would struggle as long as interest rates stayed low.

Bank of America profit more than halves on pandemic woes

July 16 Bank of America Corp reported a drop of more than 50% in second-quarter profit on Thursday as it set aside $4 billion for potential loan losses tied to the coronavirus pandemic.

MOVES-Bank of America shuffles Asia capital markets leaders

HONG KONG, June 22 Bank of America said on Monday it has appointed Matt Basler and Craig Coben to co-head its Asia Pacific capital markets business.

BofA sees oil demand recovering, hikes crude forecasts

June 22 Bank of America (BofA) Global Research has lifted its oil price forecast for this year and next as demand recovers from coronavirus-linked shutdowns, the OPEC+ output cut deal curtails supply, and producers slash capital expenditure.

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