Finance Geek

After watching its stock tank 50% this year while denying that it needed capital, Bank of America’s management has begun to acknowledge reality. The bank raised $5 billion by selling preferred stock and options to Warren Buffett–diluting common shareholders in the process. And now, as previously promised, it has sold half its stake in China [...]

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This entry was posted on Wednesday, August 31st, 2011 at 6:04 am and is filed under Yahoo Tech Ticker. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.