Bank of america Stories
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 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 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 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.
Goldman fraud charges, earnings sink markets
Investors slammed the door on a six-day winning streak for U.S. stocks with a sell-off on Friday after Goldman Sachs was charged with fraud by U.S. regulators and corporate earnings fell short of heightened expectations.
Wall Street falls after Goldman fraud charge, earnings
Wall Street slid on Friday, led by bank shares, after Goldman Sachs was charged with fraud by U.S. regulators and after big company earnings fell short of heightened expectations.
Wall Street sinks on Goldman fraud charge
Wall Street tumbled on Friday after a slew of big company earnings failed to meet heightened expectations, while bank shares slid, led by Goldman Sachs after it was charged with fraud by the U.S. securities market regulator.
BofA profit beats expectations
Bank of America Corp trounced expectations with its first quarterly profit since the summer of 2009 as it generated outsized bond trading revenue and set aside less money to cover bad loans.
Credit Suisse taps JPM exec to head India i-banking
Credit Suisse is hiring Vedika Bhandarkar, a veteran investment banker at rival JPMorgan , to beef up its investment banking business in India.
Stock futures dip on Google; GE, BofA earnings curb losses
U.S. stock index futures edged lower on Friday after Google earnings failed to meet lofty expectations, but strong results from GE and Bank of America stemmed declines.
Fewer Americans falling behind on credit cards
Credit card delinquency rates fell last month at most major U.S. lenders, with the exception of Citigroup Inc, in the latest sign that Americans are starting to climb out of the recession.
U.S. bank investors: Show me the money
Citigroup Inc , JPMorgan Chase & Co and Bank of America Corp may soon show compelling evidence that they have stopped the bleeding in terms of credit losses and loan writedowns.
Futures dip as Greece debt plan, Fed minutes eyed
Stock index futures pointed to a lower open on Tuesday as investors worried over a report Greece wants to renegotiate a financial aid package and the prospect of rising interest rates.
CEOs of bailed-out regional banks get raises
As 2009 came to a close, Fifth Third Bancorp was preparing to report its sixth loss in seven quarters.
Corrected: CEOs of bailed-out regional banks get raises
(In paragraph 35, corrects name of Regions Financial spokesman. Error appeared in previous version of story.)