Bank of America will receive financial assistance

Bank of America and the Ministry of Finance of the U.S. agreed the government to grant to financial hardship Bank 20 billion. This money will be to overcome the difficulties after the acquisition of Merryll Lynch.
The biggest American bank receive and governmental guarantees up to $118 billion against losses of risky assets.

$ 20 billion money will be granted by the government plan worth $ 700 billion to rescue the financial sector and will be conducted on the model used in aid for the banking giant Citigroup in November.

Bank of America received a total of $25 billion .The amount includes $10-billion allocated to Merryll Lynch, which Bank of America acquired in a transaction completed on 1 January.

About Bulgarian Properties

Blog for cheap Bulgarian properties and houses for sale. Information how to buy property in Bulgaria and how to manage them. Free stories and tutorials.
This entry was posted in Society and tagged , , . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *