Professor Voices » Bank of America http://blogs.bu.edu/professorvoices Opinions and views by Boston University experts Tue, 08 Nov 2011 17:10:33 +0000 en hourly 1 http://wordpress.org/?v=3.1.4 Warren Buffett to invest $5 billion in Bank of America http://blogs.bu.edu/professorvoices/2011/08/25/warren-buffett-to-invest-5-billion-in-bank-of-america/ http://blogs.bu.edu/professorvoices/2011/08/25/warren-buffett-to-invest-5-billion-in-bank-of-america/#comments Thu, 25 Aug 2011 13:47:43 +0000 Jo Breiner http://blogs.bu.edu/professorvoices/?p=2616 Shares of Bank of America immediately jumped 13 percent after the announcement that Berkshire Hathaway, owned by Warren Buffett, will invest $5 billion in BofA. Cornelius Hurley, director of BU’s Center for Finance, Policy & Law and Mark Williams, master lecturer in finance at BU’s School of Management, are available to offer commentary, analysis and insight.

Contact Hurley at 617-353-5427; ckhurley@bu.edu; Twitter @ckhurley

Contact Williams at 617-358-2789; williams@bu.edu


]]> http://blogs.bu.edu/professorvoices/2011/08/25/warren-buffett-to-invest-5-billion-in-bank-of-america/feed/ 0 Bank of America to sell Canadian, European credit card business http://blogs.bu.edu/professorvoices/2011/08/15/bank-of-america-to-sell-canadian-european-credit-card-business/ http://blogs.bu.edu/professorvoices/2011/08/15/bank-of-america-to-sell-canadian-european-credit-card-business/#comments Mon, 15 Aug 2011 15:21:42 +0000 Jo Breiner http://blogs.bu.edu/professorvoices/?p=2529 Bank of America has announced it plans to sell its Canadian credit card business to TD Bank Group, as well as its European credit card business. Boston University master lecturer Mark Williams is an expert on risk management and teaches finance at the BU School of Management. A former Federal Reserve Bank examiner, he’s the author of Uncontrolled Risk: The Lessons of Lehman Brothers. He offers the following comment on the actions of Bank of America:

“A bank that sells such businesses when unemployment and card defaults are over 9 percent is a signal of financial trouble. When BofA bought its credit card business in Canada and parts of Europe, it was hailed as another brick in the North American and abroad strategy. What has changed in the last decade? Bank of America is turning into America’s shrinking bank.”

Contact Williams at 617-358-2789; williams@bu.edu


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