Bank of America suspends previous capital plans

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Germany’s biggest lender may need to raise 5 billion euros ($5.8 billion) from investors to implement the reported plans, Bank of America Corp. analysts said in a note on Monday. Sewing is seeking to.

In addition, some of the space will be used to accommodate hundreds of new employees the bank plans to hire in the coming years, Lambert said. Bank of America has not said. small business and.

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Bank of America finds a $4 bn mistake; suspends buyback, dividend hike plans. ET online|. updated: apr 29, 2014, 04.35 PM IST. News of the gaffe sent the bank’s shares down 6.3% to close at $14.95, in the biggest one-day decline in the stock since November 2012.

Bank stocks like Bank of America have corrected. Going forward: global capital flows into the U.S. are driving down yields and somewhat offsetting the Fed hikes or at least, offsetting the Fed’s.

The accounting mistake means that Bank of America will now have to suspend its proposed $4 billion stock repurchase plan and a hike in its dividend from 1 cent to 5 cents per share in the latest.