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USA
Is Bank of America Doing Something Right?
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By Matt Koppenheffer | More Articles On Friday, SEC filings revealed that Bank of America (NYSE: BAC ) handed CEO Brian Moynihan stock awards worth nearly $6 million. That's a number that might leave a sour taste in some investors' mouths after they ...
http://www.fool.com/investing/general/2012/02/21/is-bank-of-america-doing-something-right.aspx
http://www.fool.com/investing/general/2012/02/21/is-bank-of-america-doing-something-right.aspx
Posted on: February 22, 2012 at 1:07 am
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USA
Banks, U.S. eye end game for TARP
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By Andrew Dunn The federal government's desire to end the politically unpopular bank bailout program could change how a number of Charlotte-area community banks pay back their share. As the nation heads into a presidential election year, the US ...
http://www.charlotteobserver.com/2012/02/21/3031227/banks-us-eye-end-game-for-tarp.html
http://www.charlotteobserver.com/2012/02/21/3031227/banks-us-eye-end-game-for-tarp.html
Posted on: February 21, 2012 at 1:05 am
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USA
China Stocks to Extend Gain on Reserve Cut, Bank of America Says
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20 (Bloomberg) -- China's stocks may extend gains into a sixth week after the government cut lenders' reserve- requirement ratios for the second time in three months, according to Bank of America Corp. and Dazhong Insurance Co. Reserve ratios will fall ...
http://www.businessweek.com/news/2012-02-19/china-stocks-to-extend-gain-on-reserve-cut-bank-of-america-says.html
http://www.businessweek.com/news/2012-02-19/china-stocks-to-extend-gain-on-reserve-cut-bank-of-america-says.html
Posted on: February 20, 2012 at 1:04 am
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USA
Bloomberg: Bank of America Will Reduce CEO's Compensation
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A report published by Bloomberg.com Friday cited an anonymous source who told the major news outlet that Bank of America Corp. (NYSE:BAC) will freeze its CEOs salary. According to the article, Chief Executive Officer Brian T. Moynihan will receive no ...
http://www.ira.com/bloomberg-bank-of-america-reduce-ceos-compensation
http://www.ira.com/bloomberg-bank-of-america-reduce-ceos-compensation
Posted on: February 19, 2012 at 1:05 am
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USA
Bank of America: Back from the Dead or Still a Zombie?
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By Matthew Philips Last year, Bank of America was the dog of the Dow Jones. The Charlotte (NC)-based bank turned in the worst performance of any of the 30 companies that make up the benchmark industrial average, losing 58 percent in a steep decline ...
http://www.businessweek.com/finance/bank-of-america-back-from-the-dead-or-still-a-zombie-02182012.html
http://www.businessweek.com/finance/bank-of-america-back-from-the-dead-or-still-a-zombie-02182012.html
Posted on: February 18, 2012 at 1:05 am
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USA
Regulators Make Nice as US Banks Bristle Over Tough Examiners
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About a third of banks are now under either informal or formal regulatory orders, up from an average of about 3 percent to 4 percent during normal economic times, said Cam Fine, president of the Independent Community Bankers of America.
http://www.businessweek.com/news/2012-02-17/regulators-make-nice-as-u-s-banks-bristle-over-tough-examiners.html
http://www.businessweek.com/news/2012-02-17/regulators-make-nice-as-u-s-banks-bristle-over-tough-examiners.html
Posted on: February 17, 2012 at 1:05 am
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USA
Bank of America, Wells Fargo Hedge Fund Plays Are About Timing
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By Antoine Gara 02/15/12 - 12:13 PM EST NEW YORK (TheStreet) - For US bank stock investors, 2011 was a bad year with shares of many of the largest banks falling nearly 40%. Overall, declines in the sector meant that it underperformed the S&P 500 Index ...
http://www.thestreet.com/story/11420283/1/bank-of-america-wells-fargo-hedge-fund-plays-are-about-timing.html?cm_ven=GOOGLEN
http://www.thestreet.com/story/11420283/1/bank-of-america-wells-fargo-hedge-fund-plays-are-about-timing.html?cm_ven=GOOGLEN
Posted on: February 16, 2012 at 1:05 am
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USA
Paulson Misses Out On Bank Of America's Rally
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Billionaire hedge fund manager John Paulson might be feeling that pain in regards to his Bank of America position. Paulson & Co sold its entire stake of 64.3 million shares in Bank of America sometime in the fourth quarter of 2011.
http://www.forbes.com/sites/halahtouryalai/2012/02/14/paulson-misses-bank-of-americas-2012-rally/
http://www.forbes.com/sites/halahtouryalai/2012/02/14/paulson-misses-bank-of-americas-2012-rally/
Posted on: February 15, 2012 at 1:06 am
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USA
US Volcker Rule Faces Harsh Critics as Effective Date Nears
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Goldman Sachs Group Inc., Morgan Stanley and Bank of America Corp. were set to submit their letters to regulators by today. The rule, named after former Federal Reserve Chairman Paul Volcker, was included in the 2010 Dodd-Frank Act in an effort to ...
http://www.businessweek.com/news/2012-02-13/u-s-volcker-rule-faces-harsh-critics-as-effective-date-nears.html
http://www.businessweek.com/news/2012-02-13/u-s-volcker-rule-faces-harsh-critics-as-effective-date-nears.html
Posted on: February 14, 2012 at 1:06 am
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USA
Thomas Storrs, Who Set Stage for Bank of America, Dies at 93
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13 (Bloomberg) -- Thomas Storrs, whose determination to expand North Carolina National Bank beyond state borders laid the foundation for today's Bank of America Corp., has died. He was 93. Storrs died Feb. 10 in Charlotte, North Carolina, according to ...
http://news.businessweek.com/article.asp?documentKey=1376-LZB9T61A74E901-1IND7FICC4C3HRVCQQI1GFB534
http://news.businessweek.com/article.asp?documentKey=1376-LZB9T61A74E901-1IND7FICC4C3HRVCQQI1GFB534
Posted on: February 13, 2012 at 1:05 am
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USA
Turbo-traders take Bank of America for a ride
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It's Bank of America — bailed out by the government three years ago, reviled for being part of the mortgage frenzy that helped wreck the economy and selling for not much more than an ATM fee. When the market goes up because of positive news about the ...
http://www.foxnews.com/us/2012/02/10/turbo-traders-take-bank-america-for-ride/
http://www.foxnews.com/us/2012/02/10/turbo-traders-take-bank-america-for-ride/
Posted on: February 12, 2012 at 1:05 am
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USA
US banks agree to $25 billion in homeowner help
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WASHINGTON - Five big US banks accused of abusive mortgage practices have agreed to a $25 billion government settlement that may help roughly one million borrowers but is no magic bullet for the ailing housing market. Thursday's announcement brings an ...
http://www.abs-cbnnews.com/global-filipino/world/02/11/12/us-banks-agree-25-billion-homeowner-help
http://www.abs-cbnnews.com/global-filipino/world/02/11/12/us-banks-agree-25-billion-homeowner-help
Posted on: February 11, 2012 at 1:19 am
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USA
$25 Billion Mortgage Agreement Doesn't Let US Banks Off Hook
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10 (Bloomberg) -- US lenders including Bank of America Corp. still face years of litigation and billions of dollars in liabilities tied to the housing collapse after agreeing to settle a probe of abusive foreclosure practices.
http://www.businessweek.com/news/2012-02-10/-25-billion-mortgage-agreement-doesn-t-let-u-s-banks-off-hook.html
http://www.businessweek.com/news/2012-02-10/-25-billion-mortgage-agreement-doesn-t-let-u-s-banks-off-hook.html
Posted on: February 10, 2012 at 1:05 am
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USA
Bank of America Said to Be in Talks With Arizona for Foreclosure Agreement
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Enlarge image BofA Said to Be in Talks With Arizona for Foreclosure BofA Said to Be in Talks With Arizona for Foreclosure David Paul Morris/Bloomberg Bank of America Corp. signage is displayed outside of a branch in San Francisco, California, US Bank ...
http://www.bloomberg.com/news/2012-02-09/bank-of-america-said-to-be-in-talks-with-arizona-for-foreclosure-agreement.html
http://www.bloomberg.com/news/2012-02-09/bank-of-america-said-to-be-in-talks-with-arizona-for-foreclosure-agreement.html
Posted on: February 9, 2012 at 1:06 am
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USA
Bank of America's Montag Hires Ex-Goldman Sachs Partner Sinha
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8 (Bloomberg) -- Bank of America Corp.'s Merrill Lynch unit, ranked sixth among advisers on takeovers announced globally last year, recruited former Goldman Sachs Group Inc. partner Ravi Sinha to help win more business. Sinha, who retired in April 2010 ...
http://www.businessweek.com/news/2012-02-07/bank-of-america-s-montag-hires-ex-goldman-sachs-partner-sinha.html
http://www.businessweek.com/news/2012-02-07/bank-of-america-s-montag-hires-ex-goldman-sachs-partner-sinha.html
Posted on: February 8, 2012 at 1:05 am
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USA
US mortgage deal moves forward
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States had been given two weeks to assess a proposed settlement, under which top US banks would pay up to $25 billion in exchange for resolving civil government lawsuits about misconduct in servicing home loans and pursuing faulty foreclosures.
http://www.reuters.com/article/2012/02/07/mortgage-settlement-idUSL2E8D6IL720120207
http://www.reuters.com/article/2012/02/07/mortgage-settlement-idUSL2E8D6IL720120207
Posted on: February 7, 2012 at 1:04 am
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USA
In Agency Review, Bank of America Seeks Silver Bullet
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Two months from now, senior executives at Bank of America will prepare to select a new strategic positioning for the bank, one they desperately hope will burnish the company's tarnished image. But marketing experts say that unless its agencies come up ...
http://adage.com/article/agency-news/agency-review-bank-america-seeks-silver-bullet/232535
http://adage.com/article/agency-news/agency-review-bank-america-seeks-silver-bullet/232535
Posted on: February 6, 2012 at 1:05 am
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USA
NY AG Sues Bank Of America & Others For Shady Tactics
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New York Attorney General Eric Schneiderman filed a lawsuit against Bank of America, JP Morgan Chase and Wells Fargo yesterday for using "false and misleading information" to foreclose on properties. Specifically, the AG's office is alleging that the ...
http://gothamist.com/2012/02/04/ny_ag_sues_bank_of_america_others_f.php
http://gothamist.com/2012/02/04/ny_ag_sues_bank_of_america_others_f.php
Posted on: February 5, 2012 at 1:05 am
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USA
Bank of America Weighing Sale of All Properties Except Two Main Offices
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Enlarge image BofA Weighing Sale of All Properties Except Two Main Offices BofA Weighing Sale of All Properties Except Two Main Offices David Paul Morris/Bloomberg Bank of America Corp. signage is displayed outside of a branch in San Francisco.
http://www.bloomberg.com/news/2012-02-03/bank-of-america-weighing-sale-of-all-properties-except-two-main-offices.html
http://www.bloomberg.com/news/2012-02-03/bank-of-america-weighing-sale-of-all-properties-except-two-main-offices.html
Posted on: February 4, 2012 at 1:05 am
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USA
Bank of America Wins Dismissal From Allstate Countrywide Suit
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Enlarge image BofA Wins Dismissal From Allstate Suit Against Countrywide BofA Wins Dismissal From Allstate Suit Against Countrywide Victor J. Blue/Bloomberg Pedestrians pass by a Bank of America Corp. branch in New York, US Bank of America Corp. won ...
http://www.bloomberg.com/news/2012-02-03/bank-of-america-wins-dismissal-from-allstate-countrywide-suit.html
http://www.bloomberg.com/news/2012-02-03/bank-of-america-wins-dismissal-from-allstate-countrywide-suit.html
Posted on: February 3, 2012 at 1:04 am
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USA
Bank Of America To Sell Interest In Three Buildings
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By AD Pruitt Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Bank of America Corp. (BAC) plans to sell and lease back three office towers located in New York, NY, and Charlotte, NC, a company spokeswoman confirmed Wednesday.
http://online.wsj.com/article/BT-CO-20120201-720848.html
http://online.wsj.com/article/BT-CO-20120201-720848.html
Posted on: February 2, 2012 at 1:04 am
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USA
Bank of America Adding Small Business Bankers
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Bank of America said today it will boost the number of its small business bankers in three New England states, adding 50 positions including 14 in Connecticut. Connecticut's largest bank said the hires are part of the company's previously-announcd plan ...
http://www.chicagotribune.com/business/breaking/hc-bank-of-america-small-business-20120130,0,6308683.story
http://www.chicagotribune.com/business/breaking/hc-bank-of-america-small-business-20120130,0,6308683.story
Posted on: February 1, 2012 at 1:05 am
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USA
Bank of America, Emcore, Pep Boys, St. Joe: US Equity Movers
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Bank of America Corp. (BAC US) decreased 3 percent to $7.07 for the biggest retreat in the Dow Jones Industrial Average. Goldman Sachs Group Inc. cut the lender's rating to “neutral” from “buy,” saying it will be “challenging” for the company to reduce ...
http://www.businessweek.com/news/2012-01-30/bank-of-america-emcore-pep-boys-st-joe-u-s-equity-movers.html
http://www.businessweek.com/news/2012-01-30/bank-of-america-emcore-pep-boys-st-joe-u-s-equity-movers.html
Posted on: January 31, 2012 at 1:05 am
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USA
Bank of America shuffles investment banking leaders
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By Rick Rothacker (Reuters) - Bank of America Corp (BAC.N) is shaking up the leadership of its investment bank as it looks to find its footing in a difficult market environment. In the reorganization, Christian Meissner will become head of global ...
http://www.reuters.com/article/2012/01/30/us-bankofamerica-shuffle-idUSTRE80T03720120130
http://www.reuters.com/article/2012/01/30/us-bankofamerica-shuffle-idUSTRE80T03720120130
Posted on: January 30, 2012 at 1:05 am
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USA
Bank Of America Posts $2 Billion Profit For Fourth Quarter (NYSE: BAC)
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Bank of America has been submerged by red ink caused by mortgage-related losses, but all that has apparently changed as the company reported a $2 billion profit in the fourth quarter. After the announcement, Bank of America shares rose more than 2% to ...
http://localizedusa.com/2012/01/28/bank-of-america-posts-2-billion-profit-for-fourth-quarter-nyse-bac/
http://localizedusa.com/2012/01/28/bank-of-america-posts-2-billion-profit-for-fourth-quarter-nyse-bac/
Posted on: January 29, 2012 at 1:04 am