Tuesday, 9 August 2011
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Bank of America
Bank of America:
"The management tried to reassure investors over the last six months to reach the top of the mortgage problem, but investors are very skeptical," he said, adding that there is no Bank of America may to stop their actions falling prices. There was more bad news for Bank of America. Credit default swaps (CDS) related to debt was at its highest level since May 2009.Credit default swaps is the rate that Bank of America must pay to borrow money. If you continue to grow, said Staite exacerbating investor concerns as to whether the company has enough cash to operate.
"The management tried to reassure investors over the last six months to reach the top of the mortgage problem, but investors are very skeptical," he said, adding that there is no Bank of America may to stop their actions falling prices. There was more bad news for Bank of America. Credit default swaps (CDS) related to debt was at its highest level since May 2009.Credit default swaps is the rate that Bank of America must pay to borrow money. If you continue to grow, said Staite exacerbating investor concerns as to whether the company has enough cash to operate.
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