Bank of America Newswire

Comprehensive Real-Time News Feed for Bank of America.

Results 1 - 20 of 2,428 in Bank of America

  1. BofA Fired Hong Kong Banker to Avoid Paying Bonus, Judge RulesRead the original story

    3 hrs ago | The Washington Post

    Bank of America Corp. maliciously fired a distressed-debt banker to deprive her of a bonus, a Hong Kong judge ruled, awarding Sunny Tadjudin $500,000 after a seven-year legal battle. Tadjudin's manager, John Liptak, was determined to fire her despite her improvement in a performance plan, and his malice can be attributed to the bank, High Court Judge Anthony To said in a 141-page ruling issued yesterday.

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  2. As market rallies, Bank of America shares rise above $18Read the original story w/Photo

    7 hrs ago | WBTV

    Surging with the rest of the stock market, Bank of America's shares on Wednesday cracked $18 before closing just shy of a mark that has eluded the stock for more than four years. The Charlotte bank's shares, which nearly fell below $5 in late 2011 on concerns about capital levels, haven't closed above $18 since April 2010.

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  3. Foresti Said to Depart BofA After Half-Year in Regulatory LimboRead the original story

    9 hrs ago | The Washington Post

    Michele Foresti, hired by Bank of America Corp. in March as head of European bond trading, resigned after failing to get regulatory approvals needed for the position, two people with direct knowledge of the move said. Foresti, 45, left the bank's London office this week and is probably forfeiting part of his multimillion-dollar compensation package, said the people, who asked not to be identified speaking about personnel matters.

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  4. Top Stories of 2014: BofA nears end of Countywide fiascoRead the original story w/Photo

    12 hrs ago | Business Journal

    Bank of America agreed in August to pay $16.7 billion in fines and consumer relief as part of a deal with the U.S. Department of Justice. Bank of America Corp. is accustomed to doing business in the billions of dollars - loan syndications and securities deals, quarterly earnings, acquisitions.

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  5. JPMorgan Isn't A Buy Just YetRead the original story w/Photo

    13 hrs ago | Seeking Alpha

    ... revenues were going to be light during a particular quarter. This time around it was Brian Moynihan of Bank of America (NYSE: BAC ) making the headlines . The CEO warned that trade revenues were going to be down for the fourth quarter due to the ...

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  6. Oil Volatility at 3-Year High Spurs ETF Demand: Chart of the DayRead the original story

    13 hrs ago | Bloomberg

    ... 59.7 million on Dec. 22. When demand rises, the U.S. Oil Fund's authorized participants, which include Bank of America Corp. and Goldman Sachs Group Inc., create ETF shares in large blocks. Shares are redeemed when demand falls. Bloomberg reserves ...

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  7. BofA Fired Hong Kong Banker to Avoid Paying Bonus, Judge RulesRead the original story

    16 hrs ago | Bloomberg

    Bank of America Corp. maliciously fired a distressed-debt banker to deprive her of a bonus, a Hong Kong judge ruled, awarding Sunny Tadjudin $500,000 after a seven-year legal battle. Tadjudin's manager, John Liptak, was determined to fire her despite her performance in an improvement plan, and his malice can be attributed to the bank, High Court Judge Anthony To said in a 141-page ruling issued today.

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  8. Citic Bank Orphaned By Spain's BBVARead the original story w/Photo

    19 hrs ago | Seeking Alpha

    ... to produce any strategic benefits. A number of major financial firms, including Goldman Sachs (NYSE: GS ), Bank of America (NYSE: BAC ) and Citigroup (NYSE: C ), spent billions of dollars a decade ago to buy stakes in China's leading state-run ...

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  9. GE Part VII: Capital Segment AnalysisRead the original story w/Photo

    22 hrs ago | Seeking Alpha

    ... a look at how GE compares to the competition in the capital sector. The three comparisons I selected were Bank of America (NYSE: BAC ), the JP Morgan (NYSE: JPM ) and Citigroup (NYSE: C ). All of the values below were gathered from the company's ...

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  10. ConstanceCELEBRATING IKERead the original story

    Yesterday | American Reporter

    ... widely recognized brokerage, tried to avoid a similar fate with a $50 billion transaction to become part of Bank of America Corp. The deal creates a financial giant rivaling Citigroup, the biggest U.S. bank in terms of assets. But Bank of America is ...

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  11. Wells Fargo sued over mortgage securitiesRead the original story

    Yesterday | Los Angeles Times

    ... filed in federal court in Manhattan, follows a similar action taken by the regulator last week against Bank of America Corp. and U.S. Bancorp. The cases are based on the same allegations as those filed in June against trustees by mortgage-bond ...

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  12. Citic Bank Buys BBVA's Stake in Financial Unit for $1.05 BillionRead the original story

    Yesterday | Bloomberg

    ... percent of Citic Bank to parent Citic Group Corp. It followed banks including Goldman Sachs Group Inc. and Bank of America Corp. in selling stakes in Chinese financial institutions as new international rules make it expensive to hold minority stakes ...

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  13. C1's Trevor Burgess makes the A listRead the original story w/Photo

    Monday Dec 1 | Business Journal

    AUUGUST 14: CEO Trevor Burgess, joined by members of C1 Financial's leadership team ring the Opening Bell at The New York Stock Exchange on August 14, 2014 in New York City. A list that includes the leaders of financial giants Bank of America and BB&T has a hometown name and face on it as well.

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  14. Bank of America (BAC) Stock Closed Up Today After Deutsche Bank Reaffirmed RatingRead the original story w/Photo

    Tuesday | TheStreet.com

    ... on core businesses, likely driving incremental revenues and cost saves. Deutsche Bank EPS estimates for Bank of America for 2015 and 2016 are $1.46 and $1.77 per share, respectively. TheStreet Ratings team rates BANK OF AMERICA CORP as a Buy with a ...

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  15. U.S. court narrows mortgage lawsuit against Bank of NY MellonRead the original story

    Tuesday | Reuters

    A U.S. appeals court on Tuesday threw out most of the claims in an investor lawsuit against Bank of New York Mellon Corp as trustee for subpar mortgage-backed securities involved in an $8.5 billion settlement by Bank of America Corp. The 2nd U.S. Circuit Court of Appeals in New York said Bank of New York Mellon did not have to face claims stemming from 25 of 26 trusts alleged to have contained risky mortgage loans from Countrywide Financial Corp, which was acquired by Bank of America in 2008. The decision partially reversed a 2012 lower court ruling from U.S. District Judge William Pauley, who had thrown out a variety of other investor claims but had allowed claims related to the 26 trusts to proceed.

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  16. Wells Fargo Sued by Credit Union Regulator Over Trustee RoleRead the original story w/Photo

    Tuesday | The Charlotte Observer

    The agency that oversees federal credit unions has sued Wells Fargo for allegedly failing to protect investors while acting as trustee over securities backed by home loans that defaulted after the 2008 credit crisis. The National Credit Administration Union Board’s complaint, filed Monday in federal court in Manhattan, follows a similar action taken by the regulator against Charlotte-based Bank of America and U.S. Bancorp last week.

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  17. Feds in Charlotte: We collected a record $22,164,212.92Read the original story w/Photo

    Tuesday | The Charlotte Observer

    ... Ponzi schemes and government fraud. The office also participated in a multi-jurisdictional lawsuit against Bank of America, Wells Fargo and other mortgage carriers that brought in a $25 billion settlement, money that was not included in the yearly ...

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  18. BofA Gives More Than $1 Million to Portland-Area Nonprofits in 2014Read the original story w/Photo

    Tuesday | OregonLive.com

    Throughout 2014, Bank of America provided $1,142,754 in traditional, matching and volunteer grants to 36 nonprofits in the Portland area. This investment allowed local organizations to continue providing housing, hunger and job support for individuals and families in our community.

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  19. Standard Chartered replaces long-time advisor UBS with Bank of AmericaRead the original story w/Photo

    Tuesday | Vallejo News

    Standard Chartered has replaced UBS as one of its corporate advisors as it attempts to improve its relationship with major shareholders. The Asia-focused bank said on Tuesday it had replaced UBS as one of its corporate brokers with Bank of America Merrill Lynch .

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  20. General Mills: The Quintessential Tortoise StockRead the original story w/Photo

    Monday | Seeking Alpha

    ... you have to spend a couple years treading water or recovering from an income perspective like you would with Bank of America (NYSE: BAC ), General Electric (NYSE: GE ), or Wells Fargo (NYSE: WFC ). There is an old business slogan that says you ...

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