Bank of america Stories
Itau Unibanco says BofA to sell $4.5 billion stake
Bank of America Corp agreed to sell preferred and common shares of Brazil's Itau Unibanco in a deal valued at 8.16 billion reais ($4.5 billion), ending a partnership started in 2006 when the Brazilian bank took over the local unit of FleetBoston Financial.
Senate deal reached on state preemption
Moving to clear away an obstacle to passage of a Wall Street reform bill, key U.S. senators have struck a compromise balancing state and federal powers in bank consumer protection, aides said on Tuesday.
U.S. credit card delinquencies down again in April
U.S. credit card delinquencies fell for the fourth straight month in April, the latest indicator that Americans are recovering from the worst economic downturn since the Great Depression.
Goldman joins effort to rescue Chicago bank
Goldman Sachs Group Inc and a consortium of other top banks are part of an effort to save ShoreBank Corp, a Chicago bank with Washington ties, a community activist close to the institution said on Friday.
Criminal probe targets 6 Wall Street firms: source
Prosecutors are conducting a broad criminal investigation of six major Wall Street banks, including JPMorgan Chase & Co and Citigroup Inc, to determine if they misled investors, a person familiar with the matter said on Thursday.
BofA modifies 56,000 mortgages under govt program
Bank of America Corp said on Thursday that it had modified roughly 56,000 customer mortgages so far this year under the primary U.S. government program aimed at preventing bank foreclosures.
Bank probes expanding with new investigation
U.S. authorities are expanding their probes of past mortgage securities deals, with New York's attorney general opening an investigation into whether eight banks misled rating agencies, a source familiar with the matter said.
More banks drawn into Wall Street probes
Five U.S. banks and four European lenders are being investigated by U.S. authorities, as they widen their probe of the role of banks in past mortgage securities deals, according to news reports.
Wall St futures rise after $1 trillion EU/IMF deal
U.S. stock index futures pointed to a strong start for Wall Street on Monday, with shares set to rebound as confidence was boosted after global policymakers came up with an emergency rescue package worth around $1 trillion aimed at preventing Greece's debt crisis from spreading through the euro zone.
BofA's Countrywide in $624 million lawsuit settlement
Countrywide Financial Corp, the mortgage lender acquired by Bank of America Corp , has agreed to a $624 million settlement of a lawsuit accusing it of misleading investors about its lending practices.
BofA, Goldman to pay $1 billion in UK bank bonus tax
A British tax on bank executives' bonuses will cost two of the biggest U.S. banks a combined $1 billion.
BofA's Countrywide OKs $624 million lawsuit settlement
Countrywide Financial Corp, the mortgage lender acquired by Bank of America Corp , has agreed to a $624 million settlement of a lawsuit accusing it of misleading investors about its lending practices.
Stocks plunge as trading glitch suspected
Stocks plunged 9 percent in the last two hours of trading on Thursday before clawing back some of the losses as a suspected trading glitch and fears of a new credit crunch in Europe threw markets into disarray.
Senate amends Wall Street reform bill on taxpayers
The Senate on Wednesday approved an amendment to a sweeping Wall Street reform bill that would prohibit the use of taxpayer funds to bail out financial institutions. It was the bill's first amendment.
Senate votes to ban taxpayer money to bail out financial firms
The Senate on Wednesday approved an amendment to a sweeping Wall Street reform bill that would prohibit the use of taxpayer funds to bail out financial institutions. It was the bill's first amendment.
Senate amends Wall St reform bill on taxpayers
The U.S. Senate on Wednesday approved an amendment to a sweeping Wall Street reform bill that would prohibit the use of taxpayer funds to bail out financial institutions. It was the bill's first amendment.
Private equity to buy Pearson's IDC for $3.4 billion
Silver Lake and Warburg Pincus are to buy financial data provider Interactive Data for $3.4 billion in cash, including a $2 billion payment to majority owner Pearson which it will use to expand.
BofA CEO favors rescue fund if built over time: report
Bank of America Corp Chief Executive Brian Moynihan told Fox Business News on Friday that he supported a $50 billion orderly liquidation fund for large U.S. financial firms, but thought it should be built up over time.
Corrected: Wall Street down on Goldman probe, GDP data
Corrects in penultimate paragraph to read that business activity expanded in the U.S. Midwest, not United States
Wall Street down on Goldman probe, GDP data
U.S. stocks fell on Friday as shares of Goldman Sachs tumbled on reports of a federal probe into the Wall Street powerhouse and after first-quarter gross domestic product came in weaker than expected.
BofA names Holliday as chairman
Bank of America Corp named DuPont's long-time chief executive, Charles Holliday, as its chairman on Wednesday, hours after the largest U.S. consumer bank concluded its 2010 annual meeting.
BofA names Holliday chairman after annual meeting
Bank of America Corp named Charles Holliday as its chairman on Wednesday, hours after the largest U.S. consumer bank concluded its 2010 annual meeting.
BofA holders OK one of seven shareholder proposals
Bank of America Corp investors peppered Chief Executive Officer Brian Moynihan with questions and complaints about its lending policies and dividend, but they rejected all but one of seven shareholder proposals at the company's annual meeting on Wednesday.
S&P dips as profit fears hit banks; CAT lifts Dow
U.S. stocks edged lower on Monday as bank shares fell on fears that financial reform making its way through Congress will curb profits, while Caterpillar's strong results buoyed the Dow.
Charles River to buy WuXi Pharma for $1.6 billion
U.S. clinical research company Charles River Laboratories International agreed to buy Chinese rival WuXi PharmaTech for $1.6 billion to expand its presence in China and deepen its expertise in drug-discovery services.
BofA's Krawcheck to expand wealth unit abroad
Bank of America Corp intends to put more global in its global wealth management division.
Banks' loan losses easing but demand down
Banks including Wells Fargo & Co reported first-quarter results that showed the loan losses that have plagued the financial sector amid the recession are easing.
Flyonthewall should not get ratings changes: banks
Three Wall Street banks urged a Manhattan federal judge not to lift an injunction on Theflyonthewall.com Inc's quick publication of analyst rating changes, saying the financial news service failed to show the ban threatens its ability to stay in business.
Market slides on Goldman charges, earnings
Financial stocks plunged on Friday in the heaviest trading this year, dramatically ending Wall Street's six-day winning streak as fraud charges against Goldman Sachs and disappointing earnings sent investors running for cover.
BofA profit beats expectations, revenue lower
Bank of America Corp posted its first quarterly profit since summer 2009 as it generated outsized bond trading revenue and set aside less money to cover bad loans.


