Bank of America

In the early hours of Friday trading, the price of gold surged to an unprecedented peak, nearing the 2,400 USD per ounce mark. This remarkable uptick comes amidst sustained acquisitions of the precious metal by central banks, especially China, and its enduring status as a haven investment amid escalating geopolitical uncertainties.

BELGRADE - National Bank of Serbia (NBS) Governor Jorgovanka Tabakovic met on Wednesday with a delegation of international investors visiting the Western Balkans.

The meeting was organised by the Bank of America (BOA).

Financial consultants UBS, Goldman Sachs and Bank of America are conducting critical consultations on the intentions of potential investors in relation to the price they are willing to pay for 27% of Piraeus Bank on behalf of bank bailout fund HFSF. 

After Goldman Sachs increases its earning per share (EPS) estimates for the Turkish banks in its coverage earlier this month, this time Bank of America (BofA) lifted its EPS for Turkish lenders.

"We continue to have a positive view on Turkish private banks," BofA said in a report released on Feb. 19.

Türkiye ranked 10th in the world in terms of public offerings (IPO) launched, according to a recent report by Ernst & Young (EY).

A total of 52 IPOs were launched, corresponding to 4 percent of global public offerings, EY's Global IPO Trends 2023 report said.

Recovery in the Turkish banking system's core spreads and an improved fee base will continue to support revenues, the Bank of America (BofA) has said in a recent report, adding that it sees asset quality risks as manageable.

"Normalization" is probably the best word to describe the ongoing dynamics in the Turkish banking system, the authors of the report said.

MARRAKESH - Serbian Deputy PM and Finance Minister Sinisa Mali said on Thursday Serbia had presented itself in the right way to investors at the International Monetary Fund-World Bank annual meetings in Marrakesh and that his meeting with Bank of America representatives had been attended by around 20 new financial institutions interested in investing in and cooperating with Serbia.

Greek banks have long been on the market's radar following their turnaround with a return to profitability, an impressive boost to earnings from the ECB's rate hikes, a significant decline in NPE ratios and management estimates for dividend distribution after many years.

This spring, Clive Kabatznik, an investor in Florida, called his local Bank of America representative to discuss a big money transfer he was planning to make. Then he called again.

Except the second phone call wasn't from Kabatznik. Rather, a software program had artificially generated his voice and tried to trick the banker into moving the money elsewhere.

Interest in the initial public offering of Athens International Airport is surging, with prospective investors inquiring with advisers Bank of America, Deutsche Bank and Morgan Stanley and shareholder Hellenic Republic Asset Development Fund (TAIPED), the privatization agency.