MoneyRates Blog
Bank of America a "Go" to Purchase Countrywide Bank
February 1, 2008
By MoneyRates team | Money-Rates Columnist
By MoneyRates team | Money-Rates Columnist
Bank of America Corp. stated it’s committed to buying Countrywide Financial Corp which includes Countrywide Bank. “Everything is a ‘go’ to complete this transaction,” Bank of America Chief Executive Officer Kenneth Lewis said at an investor conference today, in reference to Countrywide. Depositors at Countrywide Bank will become customers of Bank of America when the [...]
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Online Bank Deals with Yields of 5.50% and Higher
August 19, 2007
By MoneyRates team | Money-Rates Columnist
By MoneyRates team | Money-Rates Columnist
Countrywide Bank is fighting back after a difficult week which the bank maximized its credit line to $11.5 billion, their stock price (CPC) continued to fall, Moody’s warned that the company’s debt may be downgraded to junk, and news reports of customer storming branch offices to withdraw funds. Countrywide has responded by pointed out the [...]
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