Nov 06, 2009 (SmarTrend(R) News Watch via COMTEX) --
11/6/2009-According to a report from the New York Post, Bank of America (NYSE:BAC) may be having issues filling its CEO position, and it may not be decided until Thanksgiving.
The report, which cites unnamed sources familiar with the matter, indicates that BofA's board is split on whether to tap outside talent or search within the company.
However, unsurprisingly the biggest problem isn't the factions growing among board members, it is the lack of interest that potential suitors for the job are showing.
The report indicates that one exec, who was "courted by the bank and rejected it," said that BofA's chances of bringing in outside talent was unlikely since it was under Uncle Sam's control after having borrowed $45 billion in taxpayer funds.
Furthermore, the bank is being harassed by Capitol Hill and Wall Street regulators over its forced merger with Merrill Lynch.
Write to Chip Brian at cbrian@tradethetrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com.
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Tags: bank capitol ceo market merger nyse securities
Companies: Bank of America Corp. (BAC)
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Nov 06, 2009 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend, our proprietary pattern recognition system, called a Downtrend for Bank of America (NYSE:BAC) on October 26, 2009 at $15.63.
Since then, Bank of America has returned 3.8% as of today's recent price of $15.04. Want to profit from these alerts?
Go to www.mysmartrend.com now for a FREE two-week trial.
Write to Chip Brian at cbrian@tradethetrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com.
Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.TradeTheTrend.com/signup.html
Read more...
Tags: bank market nyse profit securities trial
Companies: Bank of America Corp. (BAC)
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ATLANTA, Nov 06, 2009 (BUSINESS WIRE) --
Loren Starr, Chief Financial Officer and Colin Meadows, Chief
Administrative Officer of Invesco Ltd. (NYSE: IVZ) are scheduled to
speak at the Bank of America Merrill Lynch Banking and Financial
Services Conference in New York on Wednesday, November 11, 2009 at
approximately 8:00 am EST.
A copy of the presentation and a link to the live audio Web cast will be
available at www.invesco.com.
A recorded replay of the presentation will be available on this site for
14 days following the event.
Invesco is a leading independent global investment management company,
dedicated to helping people worldwide build their financial security. By
delivering the combined power of our distinctive worldwide investment
management capabilities, Invesco provides a comprehensive array of
enduring investment solutions for retail, institutional and high net
worth clients around the world. Operating in 20 countries, the company
is listed on the New York Stock Exchange under the symbol IVZ.
Additional information is available at www.invesco.com.
SOURCE: Invesco Ltd.
Invesco Ltd.
Investor Relations Contact:
Aaron Uhde, 404-479-2956
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Tags: bank banking conference financial services investment new_york nyse retail web
Companies: Invesco Ltd (2286467Z), Invesco PLC (IVZ)
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MEMPHIS, Tenn., Nov 6, 2009 (GlobeNewswire via COMTEX) --
William "BJ" Losch, CFO of First Horizon National Corp. (NYSE:FHN), will present at the Bank of America-Merrill Lynch Banking and Financial Services Conference on Nov. 10 at 8:50 a.m. Eastern time in New York City.
The conference will be available to the public via live webcast at http://www.veracast.com/webcasts/bas/banking09/id34102222.cfm with audio replays available until Nov. 27. The presentation slides will be available in the events and presentations section of http://ir.fhnc.com/.
This presentation and its related materials may contain forward-looking statements, including guidance, involving significant risks and uncertainties, which will be identified by words such as "believe," "expect," "anticipate," "intend," "estimate," "should," "is likely," "will," "going forward" and other expressions that indicate future events and trends and may be followed by or reference cautionary statements. A number of factors could cause actual results to differ materially from those in the forward-looking information. These factors are outlined in our most recent earnings press release and in more detail in our most current 10-Q and 10-K reports. First Horizon disclaims any obligation to update any of the forward-looking statements that are made from time to time to reflect future events or developments.
FHN-G
About First Horizon
The 6,000 employees of First Horizon National Corp. (NYSE:FHN) provide financial services through about 180 bank locations in and around Tennessee and 21 FTN Financial Group offices in the U.S. and abroad. First Tennessee has the leading combined market deposit share in the 17 Tennessee counties where it does business and one of the highest customer retention rates of any bank in the country. FTN Financial is an industry leader in fixed income sales, trading and strategies for institutional clients in the U.S. and abroad. FHN has been recognized as one of the nation's best employers by AARP and Working Mother magazines. More information can be found at www.fhnc.com.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: First Horizon National Corporation
CONTACT: First Horizon
Investor Relations
Aarti Bowman
901-523-4017
Media Relations
Anthony Hicks
901-523-4726
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Tags: bank banking business conference earnings financial services market new_york nyse rates sales tennessee
Companies: First Horizon National Corp (FHN)
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When it comes to saving money, Americans come up short. Less than half even have a savings account, and that number is shrinking. Maybe you've seen the commercials for the new Keep the Change card from Bank of America promising to help you save by spending. Sounds interesting, right?
http://www.winktv.com/x21169.xml
Bank of America is planning to expand its European investment banking operation, and is looking to recruit London-based analysts and mergers and acquisitions specialists. 11-May-2000 The information above comes from the UK Activity Report. FREE TRIAL AVAILABLE NOW!
http://www.ukbusinesspark.co.uk/baa55310.htm