American International Group Inc
Bank Of America Corporation, considered one of the strongest and safest, slashed its dividend in half and reported that its quarterly earnings fell 68% from a year ago, which was worse than expected.
Bank Of America Corporation
The Bank of America Corporation, citing "recessionary conditions," halved its dividend on Monday and said it would sell at least $10 billion in new common stock to bolster its capital to offset rising loan losses.
It also said quarterly profit slid 68 percent, more than expected.
Wachovia Corp
Citigroup, Wells Fargo and Wachovia agreed Monday to halt all litigation for two days in the bitter war over the ailing Wachovia.