Bank of america Stories
Banks to Get Green Light on Dividend Hike (BK, COF, JPM, PNC, STT, USB, WFC)
RBC Capital Markets said banks with strongest capital and increased profitability are expected to get green light on dividends. The Federal Reserve is expected to approve dividend increases.
China Raises Interest Rates, Very Loose Policy Risks Exponential Food Inflation
This is a world obsessed with demand...[and] many central banks' policy settings are very, very loose...making for serious inflationary pressures, UBS said. The outlook for food prices is that they could rise exponentially from here if we were to see another shock. There's no buffer right now.
Regulators seek to foil bank moves to undermine pay reform
Regulators began their most forceful attempt yet to clamp down on bank bonuses since the 2007-2009 financial crisis, and warned firms they would seek to counter attempts to circumvent the reforms.
Regulators set to curb bank bonuses, part of global move
Regulators on Monday are expected to make their most forceful attempt yet to clamp down bank bonuses since the 2007-2009 financial crisis, but the proposals pale in comparison to harsher restrictions already set in Europe.
California settles predatory lending lawsuit against former Countrywide executives for $6.5 mln
The state of California has agreed to settle a predatory lending lawsuit which it has filed against two former Countrywide Financial Corp. executives for $6.5 million.
Pre-market movers on Feb. 7 (BMY, CHK, S, VLO, BAC, AET, VZ, W, NVDA, GLW)
The companies whose shares are moving in pre-market trade on Monday are: Bristol Myers Squibb, Chesapeake Energy, Sprint Nextel, Valero Energy, Bank of America, Aetna, Verizon Communications, Weyerhaeuser, Nvidia and Corning.
U.S. to force Wall Street to defer half of bonuses
U.S. regulators will propose on Monday that executives at the largest financial institutions have half of their bonuses deferred for at least three years as part of efforts to curb excessive risk taking, according to two people familiar with proposal.
BofA to pay $410 million to settle overdraft lawsuit
Bank of America Corp has agreed to pay $410 million to settle lawsuits accusing it of charging customers with excessive overdraft fees, court documents show.
JPMorgan to launch new fund specializing in distressed real estate
New JPMorgan fund will buy distressed real estate debt, even though many critics believe that the firm itself is, in part, responsible for much of the distressed real estate in the U.S.
BofA sued again for not disclosing mortgage troubles to investors
Workers union sues Bank of America and its Countrywide unit for not disclosing mortgage crisis sooner
Proposed class action targets BofA on foreclosures
Bank of America Corp was hit with a lawsuit on Wednesday claiming the lending giant hid foreclosure problems that eventually led to a decline in its share price.
Dow, S&P finish day at two year highs
The Dow Jones Industrial Average and S&P 500 finished above 12,000 and 1,300 points, resepctively, for the first time since mid-2008.
Stocks surging on strong earnings, manufacturing report
U.S. stocks, led by Pfizer and Bank of America, surge.
Bank of America tops the most valued brand among banks: study
A survey by London-based Brand Finance Plc of banks, based on the notional amount that a company would have to pay for the brand, has ranked the Bank of America as the most valuable banking brand with an estimated price of $30.6 billion.
BofA says no 2010 cash bonuses for top executives
Bank of America Corp senior executives will not get cash bonuses for 2010 and Chief Executive Brian Moynihan will not receive a base salary increase in 2011, according to a securities filing on Monday.
Affluent women worry more about outliving money
Affluent women expect to be more active than their male counterparts in retirement, but they are also more worried about outliving their money, according to a Bank of America Merrill Lynch study.
Consumer spending rises 0.7 percent in Dec
U.S. consumer spending rose more than expected in December to post the sixth straight month of gains as households drew down on their savings to fund purchases, government data showed on Monday.
Affluent women worry about outliving money
Affluent women expect to be more active than their male counterparts in retirement, but they are also more worried about outliving their money, according to a Bank of America Merrill Lynch study.
WikiLeaks founder says enjoys making banks squirm
WikiLeaks founder Julian Assange says he enjoys making banks squirm thinking they might be the next targets of his website which has published U.S. diplomatic and military secrets.
Merill Lynch settles prop trading charges for $10 mln
Bank of America Corp's Merrill Lynch unit has agreed to pay $10 million as part of a settlement with the U.S. Securities and Exchange Commission (SEC) that has accused it of fraudulently misusing customer orders so it could trade for its own benefit.
Pre-market movers on Jan. 28 (SLE, MU, BAC, AMZN, F, CCL)
The companies whose shares are moving in pre-market trade on Friday are: Sara Lee, Micron Technology, Bank of America, Amazon, Ford Motor and Carnival Corp.
BofA may pay higher share of bonus in cash: report
Bank of America Corp may give some investment bankers a greater share of their bonus payments in cash for 2010 compared to the previous year, the Wall Street Journal said, citing people familiar with the situation.
LinkedIn's IPO to test appetite for Facebook
LinkedIn Corp announced plans to go public this year in what could be a test of investor appetite for social networking websites ahead of a highly anticipated Facebook offering.
Exclusive: Business borrowing up again in December: ELFA
A key measure of business activity strengthened again in December, a lender group told Reuters on Tuesday, as companies borrowed more money to invest in their operations and did a better job of staying
Trust in business tumbled in 2010: survey
Americans' trust in institutions of all kinds dropped last year as persistently high unemployment sapped people's confidence in business and government, a newly released study found.
Gold steadies ahead of Fed as haven buying wanes
The main gold exchange-traded fund, the SPDR Gold Trust, recorded its biggest ever one-day outflow on Tuesday. The precious metal is taking some support from physical demand after its slide to its lowest since October 28, but buying interest remains lackluster.
BofA's Countrywide sued, accused of massive fraud
Bank of America Corp's Countrywide mortgage unit has been sued by investors claiming they were victimized in a massive fraud when they bought mortgage-backed securities.
Russia’s central bank will increase gold reserves by over 100 tons every year
The Gold reserves of the Russian central bank grew by 280 tons over the last 2 years. And the bank will continue with a similar speed by buying at least 100 tons every year, deputy chairman Georgy Luntovsky told reporters now.
Stocks narrowly mixed as blue-chip earnings disappoint
Disappointing earnings reports from blue chips Johnson and Johnson and 3Com cast a pall on U.S. stocks
Analysis: Be careful what you wish for: the China Price starts
Call it the price of success. China is starting to pass on the rising cost of labor and other manufacturing inputs as it restructures its economy, creating a potential new inflation headache for Western countries already grappling with surging commodity prices.

