Bank of America Newswire

Comprehensive Real-Time News Feed for Bank of America.

Results 1 - 20 of 2,646 in Bank of America

  1. Bank of America cuts CEO payRead the original story w/Photo

    Friday | Business News

    Bank of America 's chief executive, Brian Moynihan , took a 7% pay cut in 2014, as the giant bank faced mounting legal costs related to government investigations into the sale of mortgage investments leading up to the financial crisis. And again, the head of the firm's investment bank, Thomas Montag , was paid more than his boss.

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  2. Local Wells Fargo exec Don Kendrick to retireRead the original story w/Photo

    Friday | Business Journal

    ... according to the latest numbers disclosed by the Federal Deposit Insurance Corp. North Carolina-based Bank of America NA (NYSE: BAC) is No. 2 with 16.3 percent of local bank deposits. He began his career in 1977 in a management training program for ...

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  3. Bank Of America Knows You Think Brian Moynihan SucksRead the original story w/Photo

    Thursday Mar 26 | Dealbreaker

    Should Brian Moynihan hold both the CEO and chairman posts at Bank of America? When asked about this in 2009 , shareholders said no. And if you ran into Moynihan on a Tuesday night at Safeway, where he was picking up something for dinner, and corned him in the frozen food section, up against the glass door behind which 4 different kinds of bagel bites had moments earlier rendered him paralyzed and unable to make a decision, and point blank asked him, "Brian, do you actually want to do both these jobs? Or even one of them?", pinning him between the freezer door and his cart and not letting him out until he answered, well, he'd probably say no, too .

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  4. Avoid SPY In This Stock-Picker's MarketRead the original story w/Photo

    Thursday Mar 26 | Seeking Alpha

    ... PRO submissions or publications to my blog, but recent picks of mine have included Facebook (NYSE: FB ), Bank of America (NYSE: BAC ), the Global X FTSE Greece 20 ETF (NYSE: GREK ) and gold; each has its own company specific reasoning you can find ...

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  5. BofA's No. 2 executive was paid more than CEO Brian Moynihan in 2014Read the original story w/Photo

    Friday | Business Journal

    Bank of America Corp. Chief Operating Officer Thomas Montag was paid $14.9 million last year, edging his boss once again. Moynihan has been paid less than Montag every year since Moynihan was promoted to CEO in 2010.

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  6. RBS Sells Coutts International to UBP in Swiss RetreatRead the original story

    Friday | The Washington Post

    ... 32 billion Swiss francs, RBS said on Friday. RBS, the U.K.'s biggest state-owned bank, joins lenders such as Bank of America Corp., Morgan Stanley and Lloyds Banking Group Plc in exiting Switzerland, the world's largest offshore financial center, ...

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  7. Weekly Market Wrap: March 27, 2015Read the original story w/Photo

    Friday | Forbes.com

    ... and NASDAQ composite all higher in early afternoon trading on Friday. Most actively traded stocks include Bank of America (BAC) down 0.65%, Apple (AAPL) down 0.76%, Ford Motor (F) lower by 0.28%, Kraft Foods Group (KRFT) up 4.8% and BlackBerry ...

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  8. BofA Skips Vote Sought By Funds On CEO's RolesRead the original story

    Friday | Banker & Tradesman

    Bank of America Corp. will not hold a shareholder vote on its decision to reunite the roles of chairman and chief executive officer, according to the bank's proxy statement filed on Thursday. The Charlotte, N.C.-based bank had been asked by pension funds including the California State Teachers' Retirement System to let shareholders vote on its move to give CEO Brian Moynihan the additional title of chairman last fall.

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  9. Mayo: BofA too big too succeedRead the original story w/Photo

    Friday | Seeking Alpha

    "There is evidence of diseconomies of scale," writes longtime Bank of America bear Mike Mayo, arguing the lender would be worth 25% more if broken up. "We do not see the downside for investors in supporting greater transparency," says Mayo, applauding the SEC's forcing the bank to allow a vote on a proposal calling for the spinoff of its investment banking operation.

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  10. Fed Focuses on Shadow Banking as It Gauges Financial RiskRead the original story

    Friday | The Washington Post

    ... a repeat of the financial crisis, which saw taxpayer funded bailouts of firms including Citigroup Inc. and Bank of America Corp. All 31 big banks tested had sufficient capital to absorb losses during a sharp and prolonged economic downturn, the Fed ...

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  11. Bank of America's highest-paid employee wasn't its CEO in 2014Read the original story w/Photo

    Friday | Business Journal

    Bank of America Corp. Chief Operating Officer Thomas Montag was paid $14.9 million last year, edging his boss once again. Moynihan has been paid less than Montag every year since Moynihan was promoted to CEO in 2010.

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  12. How Bank of America pays its top executive in TampaRead the original story w/Photo

    Friday | Business Journal

    David Darnell , the bank's vice chairman, global wealth & investment management, pulled in a pay package totaling just under $10 million last year, compared to $10.4 million in 2013, when he was the bank's co-chief operating officer. Darnell is among the top five highest-paid executives at Bank of America , the biggest bank in Tampa Bay and the second-largest in the United States.

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  13. RBS Sells Coutts International to UBPRead the original story

    Friday | Bloomberg

    ... 32 billion Swiss francs, RBS said on Friday. RBS, the U.K.'s biggest state-owned bank, joins lenders such as Bank of America Corp., Morgan Stanley and Lloyds Banking Group Plc in exiting Switzerland, the world's largest offshore financial center, ...

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  14. RBS Sells Coutts International to UBP in Latest Swiss ExitRead the original story

    Friday | The Washington Post

    ... management of about 32 billion Swiss francs ($33 billion), RBS said on Friday. RBS joins lenders such as Bank of America Corp., Morgan Stanley and Lloyds Banking Group Plc in exiting Switzerland, the world's biggest offshore financial center, over ...

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  15. Fed Focuses on Shadow Banking as It Gauges Financial-System RiskRead the original story

    Thursday | Bloomberg

    ... a repeat of the financial crisis, which saw taxpayer funded bailouts of firms including Citigroup Inc. and Bank of America Corp. All 31 big banks tested had sufficient capital to absorb losses during a sharp and prolonged economic downturn, the Fed ...

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  16. Banks Slash Dividends as Loans Sour From Beijing To Pearl RiverRead the original story

    Thursday | The Washington Post

    ... Chase & Co., the largest U.S. bank by assets, paid out 30 percent of its profit to investors last year while Bank of America Corp. paid 33 percent, according to data compiled by Bloomberg. While China's economic growth target of about 7 percent this ...

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  17. JPMorgan retains number one spot in investment banking but revenues slipRead the original story w/Photo

    Thursday | HawaiiNews

    ... spots, with Goldman Sachs coming second overall across investment banking, and Citigroup and Bank of America Merrill Lynch sharing third place with Deutsche Bank . Coalition tracks the performance of Bank of America ...

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  18. Sure he's 72, but Chad Gifford is still Bank of America's best-paid directorRead the original story w/Photo

    Thursday | Business Journal

    Bank of America released its proxy statement on Thursday, with its board recommending ex-FleetBoston CEO Charles Gifford stand for re-election. Bank of America wants former FleetBoston CEO Charles "Chad" Gifford, its most highly compensated director, to remain in his position, even though he has reached the bank's upper age threshold for directors.

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  19. BofA Defends Naming Moynihan as ChairmanRead the original story w/Photo

    Thursday Mar 26 | Wall Street Journal

    Bank of America Corp. defended its decision last fall to give the chairman title to CEO Brian Moynihan, saying it made the move after careful consideration and he is well suited for the job.

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  20. MOVES-BofA's John Addis leaves amid job cuts - BloombergRead the original story

    Thursday Mar 26 | Reuters

    Bank of America Corp's John Addis, a senior Merrill Lynch executive in the firm's equities division, left the company as jobs were cut, Bloomberg reported on Thursday, citing people familiar with the matter. Addis, 45, was head of Delta One Americas trading in his last role.

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