Tag: bank of america

IT companies set to slash 3 mn jobs by 2022 due to automation, to save $100 bn in cost: Report

With automation taking place at a much faster pace across industries especially in the tech space, domestic software firms that employee over 16 million are...

Private equity vows to help the world. Lenders want proof

LONDON: Words can be cheap in the market for loans, now some lenders want to change that. In recent years, borrowers have been able to...

bitcoin price: Bitcoin dips to lowest since February amid China crypto warning

By Vildana Hajric and Katie Greifeld Bitcoin and other major cryptocurrencies slumped after the People’s Bank of China reiterated that the digital tokens cannot be...

Warren Buffett: Some little-known facts about Warren Buffett and Berkshire Hathaway

Warren Buffett’s Berkshire Hathaway Inc will hold its annual meeting on May 1 in Los Angeles. As in 2020, the meeting will be held virtually...

Wall Street fumes over last-minute rule from Trump bank watchdog

By Robert Schmidt and Jesse Hamilton Were history a guide, Brian Brooks would be spending the last days of the Trump administration enjoying the Washington...

British finance sector’s ‘EU passport’ set to expire

On January 1, the European finance sector will lose a major player as Britain begins to chart its own course, regardless of Thursday’s last-minute deal...

JP Morgan demands loan repayment of 40 billion wons from SsangYong

NEW DELHI: JP Morgan has sought repayment of loan worth 40 billion Korean wons from Mahindra & Mahindra’s troubled foreign arm SsangYong Motor Company (SYMC)...

Bank of America sees second quarter growth improving to -7.8%

Mumbai: The Indian economy is likely to have improved in the second quarter with GDP printing in at -7.8 per cent as against 24 per...

Warren Buffett plowed $5 billion into Bank of America during the debt crisis. Here’s the story of how the investor helped the bank and made a fortune in the process.

Alex Wong / Getty Images Warren Buffett invested $5 billion in Bank of America in August 2011, providing a crucial vote of confidence and cash...

Growth stocks enjoying best year-to-date outperformance since 1979 – but value can soon bounce back, Bank of America says

Lucas Jackson/Reuters Stocks just closed out their best third-quarter performance in a decade, but Bank of America expects growth stocks to soon take a...

Market frenzy: Coronavirus crisis a window of opportunity for bankers to the rich

ZURICH/LONDON: When markets slumped in March as the spread of coronavirus gathered pace, wealth managers’ trading volumes soared as ultra rich clients reshuffled their portfolios....