Bank of america Stories
Fed asks BofA to list contingency plan: report
The Federal Reserve has asked Bank of America Corp to show what measures it could take if business conditions worsen, the Wall Street Journal said, citing people familiar with the situation.
Fear of Poor U.S. Job Numbers Spooks European Markets
European shares fell sharply on Friday, snapping a four-session rally, as traders feared U.S. non-farm payrolls numbers could signal a return to recession.
U.S. Will Sue Major Banks over Mortgage Fraud: Report
TD Bank raises dividend as profit jumps 23 percent
Toronto-Dominion Bank (TD.TO: Quote) boosted its dividend on Thursday as it reported that strong loan volumes in the United States and Canada drove it to a higher-than-expected quarterly profit, pushing its shares higher.
Bank of New York Fired CEO Kelly for 'Abrasive' Style: Report
Bank of New York Mellon Corp. chief executive officer Robert Kelly was fired for an abrasive management style, according to CNBC.
U.S. Stock Futures Advance
Stock index futures pointed to a higher open for equities Wednesday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 up 0.3 to 0.8 percent.
Indian Low-Cost Air Lines Take Price War to Overseas Routes.
India's full service airlines, buffeted by high fuel costs and intense competition, face new headwinds on their lucrative international routes as budget carriers launch services with rock-bottom fares.
BofA Looks to Exit Correspondent Mortgage Business: Report
Bank of America Corp is looking to sell its correspondent mortgage business and the unit's employees could be notified as soon as Wednesday, the Wall Street Journal said, citing people familiar with the matter.
Fannie/Freddie Regulator Challenges BofA MBS Pact
The regulator for Fannie Mae and Freddie Mac, as well as dozens of investors, on Tuesday lodged objections to Bank of America Corp's proposed $8.5 billion mortgage-backed securities settlement.
Nevada, U.S. Regulator Challenge BofA on Mortgages
Bank of America Corp's mortgage practices came under fresh fire as state and federal regulators questioned whether the largest U.S. bank is doing what it must to address perceived harm to homeowners and investors.
Wall Street Gains as Fed minutes Boost Stimulus Bets
Stocks rose for a third straight day on Tuesday in a volatile session, after minutes from the latest Federal Reserve meeting boosted expectations the U.S. central bank will act again to stimulate the economy.
China shares end down; HK edges up amid lacklustre volumes
Hong Kong shares gained for a second-straight session on Tuesday, but trading was thin as investors stayed on the sidelines ahead of economic data releases from China and the United States this week.
CCB shares up after BofA cuts stake; Temasek buy
Hong Kong-listed shares of China Construction Bank Corp rose more than 4 percent on Tuesday after Bank of America Corp said it will sell about half of its 10 percent stake in the Chinese lender, providing relief to investors by removing uncertainty surrounding the stake.
Steve Jobs, Warren Buffett: Can Apple, Berkshire Survive Without Them?
The initial reaction to Steve Jobs' resignation as Apple's CEO was speculation on just how far Apple's stock price would drop the next day. So just how far could another company, like Berkshire Hathaway, drop when Warren Buffett finally retires?
Bank of America Kept AIG Legal Threat Under Wraps
Top Bank of America Corp lawyers knew as early as January that American International Group Inc was prepared to sue the bank for more than $10 billion, seven months before the lawsuit was filed, according to sources familiar with the matter.
BofA Sued Over $1.75 Billion Mortgage Trust
Bank of America Corp. was sued by the trustee of a $1.75 billion mortgage pool, which seeks to force the largest bank to buy back all of the loans in the trust because of alleged misrepresentations.
CCB Shares up 4 Percent After BofA's $8 Billion Stake Sale
Hong Kong-listed shares of China Construction Bank Corp, the world's No.2 lender, rose more than 4 percent on Tuesday after news that Bank of America Corp will sell about half of its stake in the Chinese lender.
CCB shares up 4 percent after BofA's $8 billion stake sale
Hong Kong-listed shares of China Construction Bank Corp, the world's No.2 lender, rose more than 4 percent on Tuesday after news that Bank of America Corp will sell about half of its stake in the Chinese lender.
Q+A: What's behind China's latest reserve move?
China's central bankers have found a new way of keeping banks from lending too much, a step Beijing hopes will help it tackle the country's persistent inflation woes.
HK shares could edge lower, Chinese banks in focus
Hong Kong shares could edge lower at Monday's open, with turnover likely to stay low though U.S. Federal Reserve chairman Ben Bernanke's comments on Friday could boost cyclicals, limiting losses.
Bank of America Shares Rise Behind Chinese Bank Sell-off
Bank of America shares rose more than 6 percent after the banking company announced it agreed to sell Chinese Construction Bank Corp.
Top After-Market NYSE Gainers (STD, BPO, JAG, SD, RSH, TOL, GGP, END, BAC, CVI)
The top after-market NYSE gainers on Friday are: Banco Santander, Brookfield Office Properties, Jaguar Mining, Sandridge Energy, Radioshack, Toll Brothers, General Growth Properties, Endeavour Silver Corp, Bank of America and CVR Energy.
Bank of America may sell CCB shares by next week
The Bank of America (BAC.N) is completing plans to sell over half of its shares in the China Construction Bank (0939.HK), with a group of Asian and Middle Eastern sovereign wealth funds negotiating to buy, the New York Times reported on Saturday.
Banks scramble to add cash as Irene approaches
Cash is king in a hurricane, but getting it is another question entirely.
Bank of America to Sell off Part of Its China Construction Bank Shares?
Bank of America could strike a deal as early as Monday to sell about half of its 10 percent stake in China Construction Bank, CNBC reported Friday, citing an anonymous source.
Bernanke seen stopping short of pledge for QE3
Those expecting Federal Reserve Chairman Ben Bernanke to pull a rabbit from his hat at a retreat for central bankers here on Friday may be in for a letdown.
Bank of America: Big Vote of Confidence as Warren Buffett Invests $5B
Billionaire Warren Buffett would invest $5 billion in Bank of America Corp. (NYSE:BAC), expressing his biggest vote of confidence in the banking giant.
Warren Buffett: Altruistic Defender of American Icons or Shrewd Profit Seeker?
Legendary investor Warren Buffett made a phone call to Bank of America CEO Brian T. Moynihan on Aug. 24 and offered to invest a staggering $5 billion in the bank. The Bank of America shares had been in doldrums amid questions over its liquidity situation and rumors that it would need a massive capital injection.
Analysis: Buffett Trades off his Reputation, Returns Follow
Warren Buffett showed again this week that his name and money is enough to give a struggling company instant credibility in the market. But the legendary investor also demonstrated his canny command of that reputation means that such deals can immediately generate profits.
Gold Prices Fall but Then Recover; Silver Steadily Climbs
Gold prices fought off an early drop to post modest gains Thursday as investors thought better of the yellow metal's value as a safe haven.


