Bank of america Stories
Bank Of America, Morgan Stanley, Citigroup: Global Banking Giants To Begin Another Round Of Layoffs
The golden age of being a banker is so far in the past. After a brutal year of massive layoffs in the global financial industry last year, the axe is starting to fall again.
Pre-Market Movers (Mellanox, Bank of America, Infosys, Credit Suisse, Pluristem, Yum Brands, Deutsche Bank, Perrigo)
Mellanox Technologies, Asset Acceptance Capital, Bank of America, Infosys, Credit Suisse Group, Pluristem Therapeutics, Yum! Brands, Deutsche Bank and Perrigo Co are among the companies whose shares are moving in pre-market trading Thursday.
Bank Of America's Swings To Profit In 2Q, Beats Estimates
Bank of America's second-quarter earnings reversed a year-earlier loss and beat analyst expectations on higher mortgage income, improved credit quality and the absence of good will impairment charges.
Bank Of America Seen Swinging To Profit, Hobbling to Just Above the Brink
Bank of America Corp. (NYSE:BAC), the troubled financial behemoth that teetered just above the abyss during the last few weeks of 2011 and has since made somewhat of a recovery, is expected to swing to profit when it reports quarterly financial results Wednesday morning.
Gold Price Forecasts Are Getting Trimmed
Gold experts have further cut back price forecasts for the metal this year after a sluggish first half, a quarterly Reuters poll showed on Monday, while gains in the dollar and a dearth of physical demand are likely to clip any attempted return to last September's record high for the rest of the year.
US Regultors Probing Into The Escalating Libor Scandal
Taking inspiration from global regulatory investigations into the interest rate manipulation, the U.S. is now building strong evidence of criminal wrongdoings against big banks and individuals ensnared in the heart of the scam.
Despite Mediocre Results, Vikram Pandit Gets His Mojo Back
The chief executive of New York-based Citigroup Inc. (NYSE:C) had a surprisingly confident outlook for his bank's future business prospects during a conference call with analysts Monday.
Top After-Market NYSE Movers (Saks, MasterCard, EXCO, Visa, Omega Healthcare, VimpelCom, New York & Co)
The top after-market NYSE gainers Friday were Saks Inc, MasterCard, EXCO Resources, Visa and Yanzhou Coal Mining. The top after-market NYSE losers were New York & Co, Omega Healthcare Investors, Bonanza Creek Energy, VimpelCom and Accuride Corp.
Seven Banks That Annoy Credit Card Customers The Most: New CFPB Database
The Consumer Financial Protection Bureau's complain database has been live for six weeks, Here's who ranks best and worst among the big credit card issuers.
China's Economic Growth Slowest in 3 Years
China's growth rate slowed for a sixth successive quarter to its slackest pace in more than three years, highlighting the need for more policy vigilance from Beijing even as signs emerge that action taken so far is beginning to stabilise the economy.
June FOMC Minutes To Drop Big Hints On QE3 (And Why It May Not Be Cure For Economy?s Woes)
It's going to be very, very dovish.
The Rebirth Of General Growth Properties
General Growth Properties (NYSE: GGP), the second-largest public U.S. mall landlord, is living up to its name once again. After exiting bankruptcy in 2010, the Chicago-based company's shares hit a new all-time high of $18.49 on Friday.
Diamond Denies Gov't Told Barclays To Manipulate Libor Rate
Former Barclays boss Bob Diamond testified Wednesday before the British Parliament's Treasury Select Committee denying that anyone in the British government instructed the bank to manipulate the rate that determines the cost of trillions of dollars worth of loans and derivatives traded worldwide every day.
US Unemployment Rate Likely To Hold At 8.2% In June, With Little Job Growth Improvement
The U.S. labor market has lost a step since spring and the trend of lackluster job growth will likely continue into June.
Pre-Market Movers (Bank of America, Caterpillar, Banco Santander, Citigroup, Research In Motion, Nike, Infosys)
Fushi Copperweld, Bank of America, Banco Santander, Caterpillar, Citigroup, Research In Motion, Nike and Infosys Ltd are among the companies whose shares are moving in pre-market trading Friday.
Technology Focus: Still Waiting For Digital Wallets
In the 1950s, a consumer who wanted to buy eyeglasses borrowed $40 from the bank. Fast-forward to 2012: how about using your digital wallet to buy those glasses with your mobile phone? Maybe later this year.
Moody's to Global Leaders: Stop Threatening Your Banks With Capitalism
Thursday's downgrade contained a veiled threat that pointed at politicians in Germany, the United Kingdom, France and the United States and plainly stated, Stop talking about making the banks responsible for their own follies -- or else.
Moody's Downgrades 5 Big US Banks, 9 European Banks
Moody's Investors Service downgraded 15 global financial institutions Thursday, including five of the largest U.S. banks, nine major European banks and the Royal Bank of Canada (NYSE: RY), a move that could tighten borrowing and require the companies to post billions of additional collateral.
Bank Of America Directors Settle Shareholder Suit Over Merrill Lynch Deal
Bank of America directors have reached a definitive settlement of litigation by shareholders, who accused the bank of overpaying for Merrill Lynch, a federal judge said.
Ronald Page Withdraws $1.5M Due to Bank Error, Gambles Money Away
A Detroit man has withdrawn over $1.5 million dollars from various ATM's after Bank of America made a mistake with his account, and has since gambled the money away.
Pre-Market Movers (Biosante Pharmaceuticals, Tesla Motors, Barclays, Bank of America, Adobe Systems Incorporated, Michael Kors Holdings, Procter & Gamble)
Biosante Pharmaceuticals Inc., Tesla Motors Inc., Barclays PLC, Bank of America Corp., Adobe Systems Inc., Michael Kors Holdings Ltd and Procter & Gamble Co. are among the companies whose shares moved in pre-market trading Wednesday.
Get Ready For The Fed?s Summer Sequel - Operation Twist 2
The prolonged crisis in the euro zone, coupled with signs that the U.S. economic recovery is faltering, have led to speculation that the Federal Reserve will provide more monetary stimulus, most likely through extending its Operation Twist program, at the June two-day Federal Open Market Committee meeting, which concludes on Wednesday June 20.
FOMC Policy Decision and Housing Data Dump: Economic Events For June 18-22
This week's data releases highlight Wednesday's Federal Open Market Committee (FOMC) statement, which will likely present a dovish tone. However, those who are expecting for the announcement of renewed asset purchases will likely be disappointed.
Technology Focus: Wielding The Cash Weapon
Are U.S. technology companies fast-growing enterprises or are they banks? In a time when banks are enduring federal ?stress tests? of their ability to withstand a crisis, the tech sector seems to be rolling in money.
Investors Want Real Estate (Again)
U.S. investors are getting back into real estate, but their efforts are being complicated by the uncertain housing market.
Too Little, Too Late - Why Spain's ?100B Bailout Just Won't Do It
EU officials have been keen to trumpet the latest euro zone Band-Aid as a triumph for collective action and an answer to critics who accused the group of acting too slowly and with not enough money in the past.
Retail Sales, Manufacturing And Trifecta Of Inflation Data: Economic Events For June 11-15
This week's data releases could reignite hopes that the Federal Reserve will soon provide more policy stimulus. May's producer price index and consumer price index should show that inflationary pressures are easing, with the latter falling below the Fed's 2 percent target rate. Retail sales and industrial production figures for May are likely to come in on the soft side, as well.
Pre-Market Movers (Micronetics, Banco Santander, NVIDIA, Bank of America, QUALCOMM, Perrigo, Nokia)
Among the companies whose shares are moving in pre-market trading Monday are: Micronetics, Banco Santander, Mellanox Technologies, NVIDIA, Bank of America, Perrigo, QUALCOMM, Jive Software and Nokia.
Fiscal Cliff: If You Aren't Worried, Here's Why You Should Be
While the euro zone fiscal crisis has grabbed the spotlight, the U.S. faces its own fiscal crisis. The simultaneous onset of tax increases and spending cuts scheduled for Jan. 1 -- which will trigger unless Republicans and Democrats can agree on a balanced budget solution -- will likely send the economy plunging off a $720 billion fiscal cliff and into the arms of another recession.
Pre-Market Movers (Molina Healthcare, China TransInfo, Alcoa, Strategic Hotels, Bank of America, Barrick Gold)
Among the companies whose shares are moving in pre-market trading Friday are: Molina Healthcare, China TransInfo Technology, Strategic Hotels, France Telecom, Barrick Gold, Rio Tinto, Randgold Resources, Alcoa and Bank of America Corp.


