SOURCE: Brighton Markets

November 09, 2011 09:00 ET

Europe Situation Forecasts Change - Report Highlights Bank of America Corp and Citigroup Inc.

NEW YORK, NY--(Marketwire - Nov 9, 2011) - Today, announced new reports highlighting Bank of America Corp (NYSE: BAC) and Citigroup Inc. (NYSE: C). Gain market insight with full analysis and research downloads available at

With the European Financial Stability Facility set to increase to $1.4 trillion, it marks a significant move forward to strengthen the safety net in place for Europe's most troubled countries. Private bondholders of Greek debt are settling at a 50% haircut as another $180 billion in fresh aid is set to arrive, enabling banks to recapitalize at a healthy 9% reserve. Overall, these measures will bring Greece's debt burden down to 120% of GDP by 2020. An important consideration is political commitment to this road map. Currently the global community appears to be on point with ECB's initiative, an outlook that should be sufficient to support markets around current levels.

Brighton Markets is releasing new coverage on Bank of America Corp for its current position within the financial industry. Bank of America Corporation (Bank of America) is a bank holding company, and a financial holding company. Bank of America is a financial institution, serving individual consumers, small and middle market businesses, corporations and governments with a range of banking, investing, asset management and other financial and risk management products and services. The full research report on Bank of America Corp (NYSE: BAC) is available here:

Brighton Markets has released research on Citigroup Inc. for its changing role within the financial industry. Citigroup Inc. (Citigroup) is a global diversified financial services holding company. Citigroup businesses provide consumers, corporations, governments and institutions with a range of financial products and services. As of December 31, 2010, the Company had approximately 200 million customer accounts and did business in more than 160 countries and jurisdictions. The full research report on Citigroup Inc. (NYSE: C) is available here:

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