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#Bank Of America Corp

Bloomberg

SPAC Retreat Signals Wall Street Awakens to Risks, Gensler Says

Wall Street’s pullback from deals involving blank-check companies signals that major financial firms are concerned about the regulatory risks associated with the transactions, according to US Securities and Exchange Commission Chair Gary Gensler. While Gensler declined to discuss specific firms, his comments about the once hot market come as...
STOCKS
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Wall Street sees greater risk of default by major banks

(Reuters) - The cost to insure bonds of Goldman Sachs, Morgan Stanley and Citigroup against default hit two-year highs on Monday on growing fears the U.S. Federal Reserve’s aggressive moves to tame inflation might tip the economy into recession. Credit risks have worsened since the Ukraine crisis as some...
BUSINESS
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FOXBusiness

Bank heavyweight on whether a US recession looms

Bank of America CEO Brian Moynihan revealed on Wednesday, during an exclusive interview with "Mornings with Maria," whether he believes a recession in the United States is expected this year as inflation accelerated to a new four-decade high. "The Fed knows they have a job to do to tackle inflation...
BUSINESS
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US News and World Report

From Weed Joke to Agreed Deal: Inside Musk's $44 Billion Twitter Buyout

(Reuters) - Twitter Inc and its advisers were not sure at first how seriously to take him. Elon Musk's $54.20-per-share offer price for the social media company on April 14 contained the digits 420, a reference to a trope for smoking marijuana. Financing documents he submitted last week in support of his bid were signed on April 20, abbreviated as 4/20.
BUSINESS
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