Bank of america Stories
US stocks open higher after tax cut deal
U.S. stocks advanced in early trade on Tuesday as sentiment was buoyed by President Barack Obama's announcement of an agreement with Republicans on a plan to extend income tax cuts for all Americans.
BofA says it has satisfied TARP exit condition: report
Bank of America has told regulators that it has met the final condition in repaying the government's $45 billion bail-out funding, according to the Financial Times on Sunday.
U.S. plans tough rules for swap dealers
U.S. regulators unveiled plans on Friday that will determine which companies and funds will be forced to hold more cash to trade in the lucrative over-the-counter derivatives market.
CRUDE OIL- Strategy more fundamental than technical
Performance of the US dollar, Europe's periphery issues, inflation in developing world, consumption by developed ones, and of late, tensions in Korean peninsula- a lot of things are weighing on oil. The net result in recent weeks was positive for the greenback and therefore negative for oil. Still, the commodity is set to end this week with a positive note despite losing more than a dollar from its intra-week high by Friday. So, what is the trend? Where is oil heading?
US stocks decline on Europe debt concerns
US stocks declined in early trade on Friday as fresh concerns over European debt crisis weighed on sentiment.
OIL OUTLOOK: How long will it stay ranged? Will it rise above $100?
Dollar, Korea, Ireland, Asian demand, inventories and technicals - a lot of things are weighing on oil now. But market participants find the question if the commodity has reached its bottom technically and on robust demand in some regions, or will a dollar rally or geopolitical developments force it break below the current range, tough to answer.
Stocks overcome early Irish contagion worries to finish mixed
Stocks finished mixed, but bounced back from early lows on worries that Ireland’s debt crisis could spread to other peripheral euro zone nations, follow a request by the Irish government for a multi-billion euro funding bailout.
Flaws in guest visa worker programs add to US unemployment misery
The US guest workers programs design needs an immediate and substantial in the wake of high unemployment in the nation.
GM Back On Road with Blockbuster IPO; But Is That Enough?
GM will begin trading on the New York Stock Exchange beginning today after a landmark intial public offering, from which GM is expected to raise as high as $23.1 billion.
GM's IPO could be the world's largest
General Motors Co is inching closer towards returning to the U.S. market in one of the biggest IPOs in the U.S. history and could even become the world's largest.
Paulson reduces exposure to financial holdings
Paulson & Co., the hedge fund managed by John Paulson, reduced its positions in key financial holdings Bank of America Corp. (NYSE: BAC), Wells Fargo & Co. (NYSE: WFC) and Citigroup Inc. (NYSE: C) in the third quarter
ECM deals total $23.3 billion last week: Dealogic
Equity capital market transactions totaled $23.3 billion last week, with 59 deals in the Asia Pacific region in the last week, a report by Dealogic said.
Some ask why financial firms get the love
Rebalancing will also mean moving focus from the financial sector.
'Robo-signers' effect: U.S. foreclosures dip in Oct
Home foreclosures in the U.S. in October fell by 9 percent primarily because some major banks temporarily froze foreclosure proceedings and delayed sales of foreclosed properties nationwide after being criticized for shoddy paperwork, according to real estate data company RealtyTrac.
Copper rallies to fresh highs on buoyant China, drop in supplies
Copper hit record highs in London and jumped to a 30-month high in New York on Thursday as strong Chinese data suggested higher demand for the metal by the world's biggest consumer.
BofA's government-backed mortgage modifications slow
Bank of America Corp said on Tuesday the pace of its mortgage modifications under the government's primary aid program to forestall foreclosures continued to slow in August.
Basel III likely to have limited short-term impact on U.S. banks
For big U.S. banks, Basel III will likely have limited impact in the short-term because of its generous phase-in timeline
U.S. judge approves BofA settlement fund
A federal judge approved the creation of a $150 million fund for Bank of America Corp shareholders as part of a settlement with the Securities and Exchange Commission over the bank's 2009 acquisition of Merrill Lynch.
Judge approves BofA settlement fund
A New York federal judge has approved the creation of a $150 million settlement fund for Bank of America Corp shareholders, as part of a larger settlement with the Securities and Exchange Commission over the bank's 2009 purchase of Merrill Lynch, the regulator said on Wednesday.
BofA loses bid to end investor lawsuits on Merrill
A Manhattan federal judge refused to dismiss shareholder lawsuits against Bank of America Corp and various executives and directors over the purchase of Merrill Lynch & Co during the 2008 financial crisis and disclosures about Merrill's losses and bonus payouts.
U.S. credit card losses fall more than expected
Fewer Americans fell behind on their credit card payments than expected in July, as consumers coped better with their debt, but the drop in delinquencies to their lowest levels so far this year doesn't suggest a recovery in spending, analysts said.
Credit card losses fall more than expected
Fewer Americans fell behind on their credit card payments in July, major credit card lenders said, bringing delinquencies to their lowest levels so far this year.
BofA, Citi added as lead GM IPO underwriters: sources
General Motors Co has added Bank of America Merrill Lynch and Citigroup Inc to the slate of its lead underwriters for its initial public offering
BoA considers reducing BlackRock stake: source
Bank of America Corp is considering whether to reduce its stake in asset manager BlackRock Inc , which is viewed as a non-core asset, a source familiar with the situation said on Sunday.
Bank of America weighs reducing Blackrock stake: report
Bank of America Corp is weighing a possible reduction in its holdings of BlackRock Inc, the Wall Street Journal reported on Sunday, citing people familiar with the situation.
Bank of America estimates litigation cost up to $1.4 billion
Bank of America Corp projects that its losses from pending litigation could be as high as $1.4 billion, the company disclosed in its second-quarter report filed Friday with securities regulators.
BofA projects litigation cost of up to $1.4 billion
Bank of America Corp projects that its losses from pending litigation could be as high as $1.4 billion, the company disclosed in its second-quarter report filed Friday with securities regulators.
UBS to hire Goldman and BofA execs
UBS AG said on Sunday it plans to hire executives from Goldman Sachs Group Inc and Bank of America Corp to build its mortgages and lending business in the U.S.
UBS to hire mortgage and loan executives
UBS AG said on Sunday it plans to hire executives from Goldman Sachs Group Inc and Bank of America Corp to build its mortgages and lending business in the U.S.
UBS to hire Goldman, BofA execs
UBS AG said on Sunday it plans to hire executives from Goldman Sachs Group Inc and Bank of America Corp to build its mortgages and lending business in the U.S.


