Bank of America is Overpaying for Merill Lynch
Submitted by JRodgers (bestcashcow.com)
I just cannot figure out what they are smoking at Bank of America to pay $44 billion for Merrill.
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I just cannot figure out what they are smoking at Bank of America to pay $44 billion for Merrill.
The rate is limited in duration, but seems like a very competitive offer.
You know the competition for deposits is heating up when Bank of America comes out with a competitive CD rate.
More evidence that Bank of America knows exactly what it is doing.
Five days ago I reported that Bank of America's dividend was at 11% and that the stock might present a good buy. Did I listen to my own advice? No. Today, BofA was up more than 20%.
My sources say that Bank of America is clearing house just days after Ken Lewis's town hall meeting.
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Bank of America confirmed today that it intends to go ahead with its deal to acquire Countrywide depsite continued losses in the mortgage lenders business. This is good news for depositors....
If you need to buy something on your debit card, make sure it doesn't exceed the $5,000 daily limit most banks have on your card.
Bank of America said its net income plunged 95 percent to $268 million, or 5 cents a share, from $5.26 billion, or $1.16 a share, a year earlier. The results were much worse than analysts had...
Guess who's helping Bank of America pay for its $4.1 billion purchase of Countrywide Financial? Answer: The taxpayers of the United States. That's because Bank of America, which is solidly...
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Type
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APY/Rate
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Institution
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4.00%
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WaMu / Amtrust Direct / CNB Bank
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|
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5.23%
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Calvert
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|
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4.02%
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EverBank
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|
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5.00%
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Dime Direct
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5.00%
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WaMu
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4.50%
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Advanta Bank / Geauga Bank
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4.51%
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E-Loan
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4.78%
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Geauga Bank
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5.25%
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Advanta Bank / E-Loan
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4.84%
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US Treasury
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3.50%
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Federal Home Loan Bank (state and local tax exempt)
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|
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3.75%
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Northrop Grumman FCU
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|
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4.32%
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Melrose CU
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4.47%
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Melrose CU
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5.00%
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Pentagon FCU
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0.90%
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Various brokerages
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1.60%
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Various brokerages
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1.96%
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Various brokerages
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2.97%
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Various brokerages
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3.82%
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Various brokerages
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