Monday 3 August 2015
 
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Bank of America

Hike in cash holdings over weaker global economy

Global investors have raised their holdings of cash significantly in response to a weaker global economic outlook, particularly in China, according to the Bank of America (BofA) Merrill Lynch Fund Manager Survey for July. Overall,

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Saudi liquidity holds up in May over stable oil

Saudi Arabia’s domestic liquidity held up in May, helped by the stabilization in oil prices, at the cost of continued expansionary fiscal policy, a report said. M3 growth was 10.4 per cent year-on-year (yoy) in May, increasi

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BofAML wins Euromoney M&A award

Bank of America Merrill Lynch (BofAML) has been recognised as the ‘Best M&A House in the UAE’ at the 2015 Euromoney Middle East Awards for Excellence. The bank has worked on some of the UAE and wider GCC region&rsq

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Bond funds post $102 billion inflows in Q1

Investors worldwide poured $8.5 billion into fixed-income funds in the week ended April 1, marking the first three months of this year as the biggest first quarter for fixed-income inflows since 2001, according to data from a Bank of America (Bo

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BofAML launches new travel payment solution in EMEA

Bank of America Merrill Lynch (BofAML), a leader in card services for middle-market, large corporate and public sector clients, has launched BofAML Travel Pro in the Europe, Middle East and African Region (EMEA) – a business travel payment

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Bank of America agrees $16.65bn settlement

Bank of America Corp has reached a $16.65 billion settlement with US regulators to settle charges that it misled investors into buying troubled mortgage-backed securities. The settlement announced on Thursday by the US Department

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Growth optimism high despite rise in rates

Investor confidence in global economic growth remains high even as expectations of higher short-term rates increase, a report said. The number of investors believing the global economy will grow over the next 12 months was steady

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US seeks $864m from BoA after fraud verdict

The US government urged that Bank of America Corp pay $863.6 million in damages after a federal jury found it liable for fraud over defective mortgages sold by its Countrywide unit. In a filing late Friday in the US District Court

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BoA completes Merrill Lynch merger

Bank of America (BoA) has announced that it has completed the merger of its Merrill Lynch & Co subsidiary into Bank of America Corp. Bank of America previously stated that it was considering merging Merrill Lynch & Co dire

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US accuses Bank of America of securities fraud

The US government on Tuesday filed two civil lawsuits against Bank of America that accuse the bank of investor fraud in its sale of $850 million of residential mortgage-backed securities.   The lawsuits are the l

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