Entries tagged "China Construction Bank Corp."
Bank of America sold a 5.8% stake in China Construction Bank for around $7.3 billion.
Markets were down Wednesday. The Dow fell 172.28 points to 8,842.82, the S&P 500 slipped 20.12 points to 914.58, and the Nasdaq declined 39.68 points to 1,612.70. Financial stocks were mostly down as Oppenheimer & Co. bank analyst Meredith Whitney warned that U.S. banks will, yet again, have to raise capital in 2009 due to credit rating downgrades on mortgage-related securities. ...