Bank of America News

Flagstar Bancorp Inc. , the Michigan lender rescued by MatlinPatterson Global Advisers LLC in 2009, is considering a sale of the collection rights on more than $70 billion in mortgages, people with knowledge of the matter said.

JPMorgan Chase President, Mid-Atlantic market, Wayne Trotman and North Carolina Governor Pat McCrory, speak at the Foundation For The Carolinas, Wednesday, May 22, 2013.

Considering the year it's had so far, Bank of America should count itself lucky.

Bank of America filed a lawsuit against three former directors of U.S. Century Bank, two of whom are executives at Sedano's Supermarkets, over a land loan in Florida City.

The number of new North Carolinians receiving help on their mortgages through a massive state and federal settlement slowed in the first quarter as the banks participating near the end of their commitments.

One of the hardest things for investors to deal with is "political risk." This occurs when a government agency directly has an impact on a company's business model, often in a way that cannot easily be predicted in advance.

U.S. Trust released its 2013 Insights on Wealth and Worth report on Tuesday. The nation's oldest trust company, under the wing of Bank of America since 2007, surveyed 711 wealthy American adults over the age of 18 with investable assets north of $3 million on a variety of wealth-related topics.

Of the 20 equities seeing the heaviest options volume in recent sessions, three names of notable interest this afternoon are Groupon Inc , Bank of America Corp , and Microsoft Corporation .

China's trade surplus is only a tenth of the $61 billion reported by the government so far this year after accounting for fake transactions used to disguise hot-money inflows, Bank of America Corp.

Goldman Sachs Group Inc. ended a seven-year investment in Industrial & Commercial Bank of China Ltd.

The price-to-book ratio of a company's stock is often used by investors as a quick tool to gauge whether the shares are being priced too cautiously or too aggressively, as marked differences between the price of a company's share in the equity market compared to its book of accounts are often a sign of under- or over-valuation. But sometimes, ... (more)

Bank of America Corp. sold the first structured notes tied to GreeceA's largest refiner, Hellenic Petroleum SA, as investors bet on a recovery in the nation at the heart of EuropeA's debt crisis.

Fremont Bank is boosting its wealth management offerings as the Bay Area's largest community banks go up against the region's big banks for affluent clients.

A second bank was robbed in the Charlotte area on Monday morning. The Iredell County Sheriff's Office said the Bank Of America on North Main Street in Troutman was robbed by two men around 9:30 a.m. The armed men fled with $5100 in cash in a gray Buick Century that was reported stolen in Charlotte early Monday morning, police say.

This sums up KBW analyst Christopher Mutascio's downgrade of Bank of America's stock on Sunday to a "market perform" rating from "outperform." Bank of America's shares closed at $13.43 Friday, just below their reported March 31 tangible book value of $13.46. The shares have returned 16% this year, after more than doubling during 2012.

Last week we had another bullish week of gains as this market extends its advance.

As interest rates remain historically low, the biggest U.S. banks are seeing the need to increase the volume of lending to businesses.

While Barack Obama's "favorite banker" continues to receive the royal treatment in Washington, new sleaze allegations threaten to further tarnish the golden boy image of "teflon don" Jamie Dimon, the CEO and Chairman of JPMorgan Chase.

Everyone has read about the customer service horror stories that plague every industry in existence.

When I look at Citigroup Inc , I can't help but think of something that Peter Lynch said about Fannie Mae years ago.