Bank of America will receive financial assistance of $ 20 billion
Bank of America and the Ministry of Finance of the U.S. agreed the government to grant to financial hardship Bank 20 billion. This money will be to overcome the difficulties after the acquisition of Merryll Lynch.The biggest American bank receive and governmental guarantees up to $118 billion against losses of risky assets.
$ 20 billion money will be granted by the government plan worth $ 700 billion to rescue the financial sector and will be conducted on the model used in aid for the banking giant Citigroup in November.
Bank of America received a total of $25 billion .The amount includes $10-billion allocated to Merryll Lynch, which Bank of America acquired in a transaction completed on 1 January.
Highly recommend this company and big thanks to Kiki. We’ve looked at many houses and finally found exactly what we were looking for. Kiki was very patient with us, showing us many places on the same day and made the whole process easy for us. She shared a lot of details which we found super helpful being first time buyers in Bulgaria. She has a lot of knowledge of the areas/neighbourhoods and can advise you accordingly depending on what you’re after. If you’re looking to buy a place in Bulgaria this is the company to trust ??????????
— Kate van Schalkwyk, United Kingdom