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Bank of America News

News on Bank of America (Ticker: BAC) continually updated from thousands of sources around the net.

2 hrs ago | Canberra Times

US city Providence sues trader in high-frequency case

Bank of America and the New York Stock Exchange are among dozens of exchanges, brokerages and traders sued over high-frequency trading by the US city of Providence - the capital of the north-east US state of Rhode Island - over claims they rigged securities markets to divert billions of dollars from buyers and sellers of shares to themselves.

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Related Topix: Banking, Financial Services

Sat Apr 19, 2014

The Charlotte Observer

Wells Fargo cuts 37 mortgage jobs in Fort Mill

Wells Fargo said it has given layoff notices to 37 employees in Fort Mill, the latest round of job cuts to hit the Charlotte area's mortgage industry.

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Related Topix: Home, Mortgage, Personal Finance, Wells Fargo , Banking, Financial Services

Fri Apr 18, 2014

Globe and Mail

For U.S. bank investors, it's a question of when, not if

JPMorgan missed estimates in the first quarter due to weakness in its mortgage and investment-banking business.

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Related Topix: Home, Mortgage, Personal Finance, Banking, Financial Services, Citigroup

The Washington Post

BofA, NYSE, Brokerages Sued in High-Frequency Trading Case

Bank of America Corp., the New York Stock Exchange and dozens of exchanges, brokerages and traders were sued over high-frequency trading by the city of Providence, Rhode Island.

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Related Topix: Banking, Financial Services, Providence, RI, Business News

Lincoln Daily News

Barclays reorganizes management of investment bank

Barclays announced a number of promotions in its investment bank's management on Friday as it continues a review of the division that contributes about half of group profit.

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Related Topix: Financial Services, Banking

Creative Loafing

N.C. CEO makes 108 times average worker and let's just all give up now

As if we need another reminder of the increasing wealth gap, the AFL-CIO released some figures this week that show the average CEO of a North Carolina-based company made about $4 million in 2013, 108 times more than the average worker, who took home about $38,985.

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Related Topix: Financial Services, Banking

Triple Pundit

Women in the Workforce: How Businesses Honor Them in 2014

Women are making leaps and bounds in the business world. Whether they are benefitting their employers by sales forecasting, overcoming roadblocks in volunteerism or leading their organizations to greatness as CEOs, they are finally being recognized by companies nationwide.

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Related Topix: Banking, Financial Services, Science, Computer Science, Non-Profit, Santa Clara, CA, Harvey Mudd College, Salesforce

The Globe and Mail

Goldman Sachs beats forecasts despite lower profit

A trader works at the Goldman Sachs stall on the floor of the New York Stock Exchange.

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Related Topix: Goldman Sachs, Financial Services, Investment Services, Cohen Group, Consulting, Banking, Citigroup, Bank of Montreal, Stanley

Thu Apr 17, 2014

TheStreet.com

Will This Upgrade Help Bank of America (BAC) Today?

Your browser is not supported. Please upgrade to one of the following browsers: Google Chrome Mozilla Firefox Apple Safari Microsoft Internet Explorer 8+ You may proceed to the site by clicking here , however some pages might not work correctly.

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Related Topix: Banking, Financial Services, Mozilla, TheStreet, Financial Markets

Business Journal

Earnings reaction: Jefferies cuts BofA target, mobile one of few bright spots

Twenty-four hours after Charlotte-based Bank of America reported a $514 million net loss for shareholders, investors, analysts and journalists have come to a conclusion: Maybe we were too rosy about BofA's prospects.

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Related Topix: Financial Services, Banking

Housing Wire

Ginnie Mae halts MSR transfer from BAC to nonbank

Kate Berry at American Banker has a great scoop on Ginnie Mae halting the transfer of MSRs from Bank of America .

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Related Topix: Financial Services, Ginnie Mae, Banking, Home, Mortgage, Personal Finance

Sys-Con Media

Zacks Earnings Trends Highlights: J.P. Morgan, Bank of America and Citigroup

The 2014 Q1 earnings season has gotten off to a relatively soft start. Low expectations essentially guarantee that we are unlikely to get any major negative surprises.

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Related Topix: Banking, Stora Enso, Paper, Financial Services, JP Morgan Chase , CitiMortgage, Citigroup, Mortgage, Personal Finance

SchaeffersResearch.com

Analyst Downgrades: Google Inc, Bank of America Corp, and Barrick Gold Corporation

Among the critics on Wall Street were RBC and Deutsche Bank, which both slashed their price targets by $40 to $670 and $625, respectively.

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Related Topix: Banking, Financial Services, Google, Startups, Barrick Gold, Mining, Day Trading, Financial Markets, Personal Finance

Fortune

The real economy is finally doing better than the money economy

Here's a switch: The bankers are all of a sudden doing worse than the butchers, the bakers, and the candlestick makers.

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Related Topix: Banking, Financial Services, Tyson Foods, Food, Cheesecake Factory Incorporated The, Restaurant Management, Jarden, Manufacturing, Industrial Machines, Appliances, Financial Markets, Mortgage, Personal Finance

UnionLeader.com

Stocks surge on Yellen comments

Stocks rose 1 percent on Wednesday, advancing for a third straight session as Federal Reserve Chair Janet Yellen reaffirmed the central bank's commitment to keeping interest rates low and Yahoo rallied.

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Related Topix: Financial Markets, Banking, Financial Services, CSX, Railroads

Wed Apr 16, 2014

Business Journal

CEOs bank 108 times what the average NC worker earns

Bank of America's Brian Moynihan is the highest-paid CEO of a public company in North Carolina, according to the AFL-CIO's list.

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Related Topix: Retail, Lowes Companies, Household Products, Banking, Financial Services, North Carolina, Real Estate, Tanger Factory Outlet Centers

Seeking Alpha

Bank of America's CEO Discusses Q1 2014 Results - Earnings Call Transcript

Good day, everyone, and welcome to today's program. It is now my pleasure to turn the conference over to Mr. Lee McEntire.

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Related Topix: Banking, Financial Services, Home, Mortgage, Personal Finance

The Hartford Courant

Bank of America's mortgage crisis costs become a recurring problem

Bank of America Corp 's mortgage pain is lasting longer than expected, leading some investors to wonder if the massive expenses being incurred have become a recurring cost of doing business instead of being dismissed as one-time items.

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Related Topix: Banking, Financial Services, Home, Mortgage, Personal Finance, Ansonia, CT

Benzinga

Mid-Morning Market Update: US Markets Open Higher; Bank of America Reports Q1 Net Loss

Following the market opening Wednesday, the Dow traded up 0.65 percent to 16,368.05 while the NASDAQ jumped 0.60 percent to 4,058.49.

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Related Topix: Banking, Financial Services, Furniture, Ethan Allen Interiors, Industrial Machines, Textiles, Dixie Group Inc The, Semiconductors, ASML Holding NV, Startups, Linear Technology, Dust Networks

Seeking Alpha

Bank Of America's Results Encouraging, Sell-Off Overdone

Bank of America reported earnings this morning and the greeting from investors has been quite rude.

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Related Topix: Financial Services, Banking, Financial Markets

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