Sunday, January 25, 2015 4:01:06 PM
1. B of A is listed among 8 banks under the umbrella term "SIFI" or "Systemically Important Financial Institution". In addition to banks SIFI also includes insurance companies and financial market infrastructure providers deemed systemically important by regulators.
There is one official global list of systemically important banks (G-SIBs). In addition, there are various national lists of systemically important banks, referred to by regulators as domestic systemically important banks (D-SIBs) - also known in Europe as national SIFIs. Special lists of regional systemically important banks (R-SIBs) also exist, but are more rare, in particular at the regulatory context.
As a regulatory response to the revealed vulnerability of the banking sector in the Financial crisis of 2007–08, and attempting to come up with a solution to solve the too big to fail interdependence between G-SIBs and the economy of sovereign states, the Financial Stability Board (FSB) started to develop a method to identify G-SIBs (to whom a set of stricter requirements would apply) in 2009. The first publication of some leaked unofficial G-SIB lists, during a time when the FSB identification method was still being tested and subject for subsequent adjustments, took place in November 2009 and November 2010. The first official version of the G-SIB list was published by FSB in November 2011, and has ever since been updated each year in November.
All G-SIBs and D-SIBs with headquarters in USA and Europe, are required each year to submit an updated emergency Resolution Plan to their Financial Supervision Authority. Basel III also requires that all identified G-SIBs no later than March 2018, shall operate with a minimum total capital adequacy ratio comprising:
Max. 2% Tier 2 capital (Subordinated capital).
Max. 1.5% Additional Tier 1 capital (Hybrid capital, i.e. Contingent Convertibles aka CoCos).
Min. 8.0%/8.5%/9.0%/9.5%/10.5% high quality Tier 1 capital (Common Equity Tier 1 capital).*
2. S&P Capital IQ Ranking of B of A is 4 Stars (Buy) at this time. IMO it represents an interesting ST speculative trading opportunity for skilled traders and appears a good candidate for LT investors.
3. The LMP Indicator, based on larger market market internals, last week gave positive signals for the ST (refer to my posts #17854 and #17865 for further details) and this happens to be good news, imo, to the pps of many listed stocks (except for stocks facing their own specific challenges) on the exchanges, in general. GLTA
Recent BAC News
- BofA Survey: Majority of Small and Mid-Sized Business Owners Anticipate Revenue Growth This Year • PR Newswire (US) • 05/01/2024 12:55:00 PM
- Bank of America Declares Second-Quarter 2024 Stock Dividends • PR Newswire (US) • 04/25/2024 09:00:00 PM
- BHP Bids $38.8 Billion for Anglo American; Biden Unveils Historic Micron Technology Deal, and More News • IH Market News • 04/25/2024 11:48:40 AM
- Grants to Preserve Historic Art Awarded in 11 Countries by BofA • PR Newswire (Canada) • 04/17/2024 10:00:00 PM
- Grants to Preserve Historic Art Awarded in 11 Countries by BofA • PR Newswire (US) • 04/17/2024 10:00:00 PM
- Grants to Preserve Historic Art Awarded in 11 Countries by BofA • PR Newswire (US) • 04/17/2024 10:00:00 PM
- Bank of America Announces Redemptions of Floating Rate Senior Notes Due April 2025 and 3.841% Fixed/Floating Rate Senior Notes Due April 2025 • PR Newswire (US) • 04/17/2024 08:15:00 PM
- Bank of America communique ses résultats financiers du premier trimestre de 2024 • PR Newswire (Canada) • 04/17/2024 06:37:00 PM
- Futures Pointing To Initial Strength On Wall Street • IH Market News • 04/17/2024 01:08:46 PM
- United Shares Surge 5.3% in Q1 2024 Earnings Beat; Take-Two Cuts 5% of Workforce, and More News • IH Market News • 04/17/2024 10:57:39 AM
- U.S. Stocks Finish Lackluster Session Narrowly Mixed • IH Market News • 04/16/2024 08:33:00 PM
- U.S. Index Futures Signal Mixed Trading, Oil Prices Dip • IH Market News • 04/16/2024 11:19:33 AM
- Bank of America Reports First-Quarter 2024 Financial Results • PR Newswire (US) • 04/16/2024 11:13:00 AM
- Bank of America Reports First-Quarter 2024 Financial Results • PR Newswire (Canada) • 04/16/2024 10:45:00 AM
- Bank of America Reports First-Quarter 2024 Financial Results • PR Newswire (US) • 04/16/2024 10:45:00 AM
- U.S. Stocks Extend Sell-Off As Treasury Yields Surge After Retail Sales Data • IH Market News • 04/15/2024 08:38:32 PM
- Bank of America Announces Redemptions of Floating Rate Senior Notes Due April 2025 and 0.976% Fixed/Floating Rate Senior Notes Due April 2025 • PR Newswire (US) • 04/12/2024 08:15:00 PM
- Paramount Global Board Shrinks, Morgan Stanley Faces Regulatory Probe, and More News • IH Market News • 04/12/2024 11:05:29 AM
- Bank of America to Report First-Quarter 2024 Financial Results on April 16 • PR Newswire (US) • 04/09/2024 01:00:00 PM
- Tesla Resolves Autopilot Lawsuit, JPMorgan Unveils Potential CEO Successors, and More • IH Market News • 04/09/2024 10:39:30 AM
- Bank of America Declares Preferred Stock Dividends for Second Quarter 2024 • PR Newswire (US) • 04/08/2024 08:15:00 PM
- BofA's Erica Surpasses 2 Billion Interactions, Helping 42 Million Clients Since Launch • PR Newswire (US) • 04/08/2024 01:04:00 PM
- Apple Terminates 614 Employees, Disney Unveils June Crackdown on Password Sharing, and More Updates • IH Market News • 04/05/2024 11:38:57 AM
- Exxon Mobil Forecasts Earnings Decline, Twilio Seeks Board Tenure Changes, and More News • IH Market News • 04/04/2024 11:30:20 AM
- Tory Burch and BofA Unveil Free Online Educational Resource for Women Entrepreneurs • PR Newswire (US) • 04/02/2024 02:00:00 PM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM