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BoA Strengthens Market Presence.
New York -- Some on Wall Street still question whether or not Bank of America's deal to buy troubled Countrywide Financial Corp. will close as planned, but BoA's top executive remains enthusiastic about the transaction.
Kenneth Lewis, chairman and CEO of Bank of America, said after Countrywide released year-end results that the deal to buy Countrywide remains "a go." And he reiterated BoA's plans to grow its home loans business.
Speaking at a Citigroup financial services conference just hours after Countrywide's year-end results were released, Mr. Lewis said Countrywide's performance, which revealed higher credit costs and rising delinquencies, was in line with Bank of America's due diligence and offering price. "At this point, everything is a go for completing this transaction," Mr. Lewis said.
He said Countrywide's year-end results showed improvement in its underlying mortgage business during ...
- Industry defends drug ads before House.
- News wire article from: United Press International June 13, 2001 700+ words
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- An International Asset.(Robert Diez of Colonial Bank)(Brief Article)
- Magazine article from: Florida Trend Vogel, Mike May 1, 2001 700+ words
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A focus on small caps is paying off for a group of former Barnett Bank money managers. Three years ago, Dean E. McQuiddy and a handful of fellow Barnett Bank money managers left to form Sawgrass Asset Management. The firm, which has...
- United Technology Corp.(Expansion)(Brief Article)
- Magazine article from: Florida Trend May 1, 2001 700+ words
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- Florida's Hot Designers.(architectural services)(Brief Article)
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- Magazine article from: Florida Trend May 1, 2001 700+ words
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- Latin American Trade Will Benefit Small Firms.(Brief Article)(Column)
- Magazine article from: San Diego Business Journal ZION, LEE May 28, 2001 700+ words
...merchandise sales to Central and South America and the Caribbean amounted to only $398...Diego is not yet a true gateway to Latin America and Asia." The new agreement could change...greater San Diegan commerce with Latin America. The trade pact could lower all sorts...
Source: HighBeam Research, BoA Strengthens Market Presence.