Financial Shadows Over The Supposedly Sunny Economy [Investor's Business Daily]
Bank of America Corporation (BAC)
Last bank of america corporation earnings: 4/15 06:45 am
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Source: Investors Business Daily
A decade ago, America's banks were in ruins — Lehman, Washington Mutual, IndyMac and Bear Stearns gone, Citi and Bank of America wards of the state. After the crisis, the goal was to make banks safer. But the potential for a sudden, 2008-like seizure in global credit markets increasingly lies beyond traditional banking. In 2008, government officials knew which institutions to rescue to avoid global paralysis. Next time, they may be chasing shadows. Many commentators blamed the 2008 financial crisis on complex financial instruments. But the locus was traditional banks, commercial and investment. Firms such as Citibank and Lehman had kept tens of billions of dollars of mortgage-related debt and related derivative instruments on their books, and investors feared that future losses would force the institutions into default. And the ultimate cause of the crisis wasn't complex: a massive increase in debt, with too little capital behind it. By 2008, bank capital levels had sunk to an all-tim
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News
- Bank of America Declares Second-Quarter 2024 Stock Dividends [Yahoo! Finance]Yahoo! Finance
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- Best Credit Cards For Lounge Access Of April 2024 [Forbes]Forbes
- U.S. Economy Grew at 1.6% Rate in First-Quarter Slowdown [The New York Times]The New York Times
BAC
Earnings
- 4/16/24 - Beat
BAC
Sec Filings
- 4/25/24 - Form FWP
- 4/24/24 - Form 424B2
- 4/24/24 - Form NPORT-P
- BAC's page on the SEC website