Bank of America

In recent reports from Citi and Bank of America (BofA), analysts have offered upbeat assessments of the Turkish economy and local markets.

The Turkish markets are on the verge of a "renaissance moment," said Citi, adding that the authorities' shift toward policy normalization has galvanized investor interest in Turkish assets.

The book-building process on a 15-year syndicated bond issue has attracted very strong investment demand, with bids exceeding 11 billion euros pushing the interest rate of the issue from 4.5% initially to 4.45%. 

Athens International Airport shareholders have given the go-ahead for the sale of a 30% stake in the country's biggest airport by privatization agency TAIPED, a senior official from the agency said on Thursday.

The state-owned Hellenic Republic Asset Development Fund has hired Bank of America, Morgan Stanley and Deutsche Bank to act as advisers on the sale of its stake.

Bank shares around the world collapsed despite assurances from US President Joe Biden that the US financial system is safe, the BBC reported.

The decline in the stock's value comes after Biden vowed to do whatever it takes to protect the banking sector following the collapse of Silicon Valley Bank and Signature Bank.

Two U.S. agencies fined Bank of America a total of $225 million on charges it wrongfully froze unemployment and other public benefit programs at the height of the COVID-19 pandemic.    

The Consumer Financial Protection Bureau imposed a $100 million penalty on Bank of America (BofA) for "botching" the disbursement of state unemployment programs during COVID-19, the agency said.    

The owner of the five bTV television channels and Ring TV in Bulgaria is launching a process of exploring and evaluating the potential strategic alternatives to them in order to maximize the benefits for the shareholders. Among the possibilities is the sale of part of the assets and of all Central European Media Enterprises or a merger with a strategic partner.

The European institutions have shown a willingness to put up with the current Greek government but they are likely to raise obstacles for the next government after this year's general election, according to Bank of America Merrill Lynch.

Bank of America Merrill Lynch has argued in a report on Greek banking that the local banking sector still runs the risk of dilution, which is why the company has kept the sector's recommendation unchanged as "underperform."

American billionaire Warren Buffett's Berkshire Hathaway group has officially become the top shareholder in Bank of America after exercising its right to buy 700 million shares at a discount.

Buffett had received the warrants in 2011 after investing $5 billion in the bank, which was suffering at the time from the fallout from the global financial crisis.

Credit Suisse and Deutsche Bank have been hit with a combined penalty of more than $12 billion over the sale of U.S. toxic debt, further hampering two of Europe's leading investment banks as they struggle with weak earnings.