Alekbaylee Posted April 25, 2012 Share Posted April 25, 2012 http://www.businessweek.com/news/2012-04-25/bofa-offers-to-repurchase-1-dot-75-billion-of-its-own-debt Link to comment Share on other sites More sharing options...
nkp007 Posted April 26, 2012 Share Posted April 26, 2012 Great plan! Don't ask for dividend / repurchase permission; instead, use excess cash to buy back debt. Link to comment Share on other sites More sharing options...
PlanMaestro Posted April 26, 2012 Share Posted April 26, 2012 Great plan! Don't ask for dividend / repurchase permission; instead, use excess cash to buy back debt. With a 74% loans to deposits, there is no need for expensive financing especially if it is expensive and does not contribute to capital ratios. Too much liquidity! Link to comment Share on other sites More sharing options...
txlaw Posted April 26, 2012 Share Posted April 26, 2012 Great plan! Don't ask for dividend / repurchase permission; instead, use excess cash to buy back debt. With a 74% loans to deposits, there is no need for expensive financing especially if it is expensive and does not contribute to capital ratios. Too much liquidity! Indeed. We've been seeing WFC constantly do this over the last quarters. I love seeing BAC do this as well. Link to comment Share on other sites More sharing options...
nkp007 Posted April 26, 2012 Share Posted April 26, 2012 Great plan! Don't ask for dividend / repurchase permission; instead, use excess cash to buy back debt. With a 74% loans to deposits, there is no need for expensive financing especially if it is expensive and does not contribute to capital ratios. Too much liquidity! Yep. Looks like low hanging fruit. Link to comment Share on other sites More sharing options...
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