Bank of America Newswire

Bank of America Newswire

Comprehensive Real-Time News Feed for Bank of America.

Results 1 - 20 of 5,241 in Bank of America

  1. a Bank of America fined $30M for handling of military personnel accountsRead the original story w/Photo

    9 min ago | Business Journal

    The Office of the Comptroller of the Currency has fined Bank of America $30 million and told the bank to make remediation for roughly 73,000 customer accounts. The OCC said it took the actions against the bank for "violations of law and unsafe or unsound practices in connection with the bank's non-home loan compliance with the Servicemembers Civil Relief Act, and unsafe or unsound practices in connection with non-home debt collection litigation practices."

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  2. Bank of America fined $30M for debt collectionRead the original story w/Photo

    38 min ago | Salt Lake Tribune

    Washington a Bank of America has been fined $30 million by U.S. regulators, who accused the bank of violating consumer protections for members of the military in collecting debts. The Office of the Comptroller of the Currency, a Treasury Department division, announced the civil penalty Friday against the second-largest U.S. bank.

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  3. 'Fast Money' Recap: Michael Kors Gets Sized Up, Oil Still a Slippery BetRead the original story w/Photo

    1 hr ago | TheStreet.com

    ... be so bad," said Josh Brown, CEO and co-founder of Ritholtz Wealth Management. Keith Banks , president of Bank of America's private wealth management arm U.S. Trust, said he anticipates a sizzle but wouldn't be surprised by a swoon. For Jon ...

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  4. Bank of America to Pay $30M on Lending Rules ViolationRead the original story w/Photo

    1 hr ago | Fox News

    Bank of America Corp. has agreed to pay a $30 million civil penalty and correct violations on about 73,000 accounts of U.S. military members. The bank is one of several institutional companies that agreed to review their records to identify borrowers who were eligible for additional protections under the Servicemembers Civil Relief Act.

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  5. Bank of America to improve compliance practices, pay $30 mln fine to OCCRead the original story

    1 hr ago | Reuters

    May 29 Bank of America Corp agreed with U.S. regulators to improve its compliance practices and pay a fine for violations in lending rules toward military personnel. The Office of the Comptroller of the Currency asked the No.

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  6. BofA to Pay $30 Million Civil PenaltyRead the original story w/Photo

    2 hrs ago | Wall Street Journal

    Bank of America Corp. has agreed to pay a $30 million civil penalty and correct violations on about 73,000 accounts of U.S. military members.

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  7. A Six-Lane Freeway of $100 Bills Is Tormenting Credit InvestorsRead the original story

    2 hrs ago | The Washington Post

    ... corporate bonds worldwide, after a 16.4 percent annualized return over the previous six years, according to Bank of America Merrill Lynch index data. Emerging-markets debt sold in the U.S. has returned 4.1 percent this year, following a 10.3 percent ...

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  8. Merrill Lynch, U.S. Trust Game Plan for GrowthRead the original story w/Photo

    3 hrs ago | Barron's

    Earlier this week, Merrill Lynch head John Thiel and U.S. Trust president Keith Banks quietly announced that they were teaming up in a new effort to amass high net worth assets for parent company Bank of America. The crux of the effort means that 34 U.S. Trust teams of trust officers and administrators will be parachuted into key Merrill Lynch offices around the country.

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  9. Bank of America Tightens Compliance Processes, including Collections, Across BusinessesRead the original story

    3 hrs ago | Business Wire

    The order covers collections litigation from several years ago for a small percentage of credit card and deposit overdraft customers who defaulted on their account, and also covers SCRA account servicing. The issues were discovered by reviews that began in 2011; since that time, Bank of America enhanced its collections litigation and sworn documents processes and enhanced controls around SCRA across the company.

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  10. BofA Sees 50% chance U.S. ends crude-export ban by 2017Read the original story

    3 hrs ago | World Oil

    The U.S. has a more than 50% chance of lifting the ban on most crude oil exports within the next two years, potentially narrowing the gap between domestic and international oil prices, according to Bank of America Corp. The collapse in domestic gasoline prices has reduced the political cost of tackling the issue, while the prospect of economic sanctions imposed on Iran being removed while the U.S.'s self-imposed ban remains in place seems "highly incoherent", the bank said. With the Republican Party now in full control of Congress, any legislation to lift the ban is more likely to be passed, it added.

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  11. Pittsburgh's biggest banks collect $158M in 1Q overdraft feesRead the original story w/Photo

    3 hrs ago | Business Journal

    ... se collected by the top three largest banks in the U.S.: $1.14 billion from JPMorgan Chase Bank (NYSE: JPM), Bank of America (NYSE: BAC) and Wells Fargo Bank, according to SNL Financial. Across the...

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  12. Weekly Market Wrap: May 29, 2015Read the original story

    4 hrs ago | MarketNewsVideo

    The twenty-first full trading week of 2015 comes to a close with the Dow Jones, S&P 500 and NASDAQ composite all lower on the day in late afternoon trading. Most actively traded stocks include Apple down 0.97%, Bank of America lower by 0.84%, Intel up 1.01%, and Pfizer higher by 0.86%.

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  13. Wall St. slips on weak economic dataRead the original story w/Photo

    5 hrs ago | Channelnewsasia.com

    ... industrial sector's 0.71 percent, with United Rental's 6.5 percent fall to US$88.85 leading the losers after Bank of America Merrill Lynch downgraded the stock. Humana jumped as much as 18 percent to hit a record of US$210.65 after the Wall Street ...

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  14. Wall Street lower after first-quarter GDP contractionRead the original story w/Photo

    7 hrs ago | Channelnewsasia.com

    ... industrial sector's 1.15 percent drop being the steepest. United Rental fell 6.5 percent to US$88.85 after Bank of America Merrill Lynch downgraded the equipment rental company's stock to "underperform" from "neutral". Intel rose 1.5 percent to ...

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  15. First Quarter GDP Revised Lower; Economy Shrunk 0.7 PercentRead the original story w/Photo

    7 hrs ago | TheStreet.com

    ... isn't out of the woods just yet. 'The data is still mixed,' said Michael Hanson, senior U.S. economist at Bank of America (BAC) Merrill Lynch. 'It's definitely better than the steady stream of bad data we had earlier in the year, but it's not really ...

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  16. Us Stocks-Wall St lower after first-quarter GDP contractionRead the original story

    7 hrs ago | Reuters

    ... the industrial sector's 1.15 percent drop being the steepest. United Rental fell 6.5 percent to $88.85 after Bank of America Merrill Lynch downgraded the equipment rental company's stock to "underperform" from "neutral". Intel rose 1.5 percent to ...

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  17. Us Stocks-Wall St lower after GDP data shows contractionRead the original story

    9 hrs ago | Reuters

    ... percent. United Rental was the biggest drag on the industrial sector with a 3.9 percent fall to $91.23 after Bank of America Merrill Lynch downgraded the equipment rental company's stock to "underperform" from "neutral". Rosetta Stone rose 15.7 ...

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  18. Opening Bell: 5.29.15Read the original story w/Photo

    12 hrs ago | Dealbreaker

    ... recent years have resulted in a safer business model and improved profitability. Goldman Sachs Group Inc., Bank of America Corp. and Citigroup Inc. received one-notch upgrades as part of a broader Moody's review of the largest global banks. Stabbed ...

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  19. Morgan Stanley Rating Rises Two Steps in Moody's Bank ReviewRead the original story

    16 hrs ago | The Washington Post

    Bank of America Corp., Citigroup Inc. and Goldman Sachs Group Inc. had their holding-company grades boosted one level, Moody's said Thursday. Holding-company ratings were cut for four banks: Barclays Plc, HSBC Holdings Plc, Credit Suisse Group AG and Royal Bank of Scotland Group Plc.

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  20. Vetr Inc. Lowers Bank of America to HoldRead the original story

    18 hrs ago | AmericanBankingNews.com

    They currently have a $18.43 price objective on the financial services provider's stock. Bank of America traded down 0.42% on Thursday, hitting $16.67.

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