Bank of America shares reach record low since 2009

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Source: Reuters

Stocks of Bank of America Corp. ended below $5 on Monday breaching record low since 2009. The shares closed at $4.99 down 4%. Company has experienced a sharp decline during recent months, as investors express concern whether the bank holds sufficient amount of capital to accept mortgage-linked losses. Moreover, shareholders are uncertain whether the bank will be able to fulfil international capital requirements. 

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Tue, 20 Dec 2011 09:31:24 GMT

European markets open lower after disappointing summit

European equity markets opened down on Tuesday on rebounding worries about debt crisis, as finance ministers failed to provide comprehensive details about taming turmoil. Stoxx Europe 600 index lost 0.4% at 232.85 while FTSE 100 index dropped 0.5% attaining 5,335.92. French CAC 40 index and German DAX each gave up 0.4%.

Tue, 20 Dec 2011 08:29:24 GMT

Australian Central Bank optimistic about country's outlook

Reserve Bank of Australia claimed resource investment to be a leading force aiding economy to outweigh effects from European crisis. RBA suggested that strong growth among its trading partners is bolstering the economic expansion in Australia and the bank does not see a need to further interest rate cuts. Australian Dollar appreciated after the RBA's announcement.

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