Bank of america Stories
BofA to merge credit card, deposit units
A former MBNA Corp executive who runs Bank of America Corp's global card services unit is leaving the company as part of a management shake-up within two of its biggest consumer businesses.
M&A lifts stocks but gains fade late in day
Stocks ended slightly higher on Tuesday as mergers and acquisitions supported selected sectors, but investors pulled back from recent gains in some big-cap technology and bank shares.
Wells in talks to hire Merrill veteran for NY job
Wells Fargo Advisors is in advanced talks to hire Tom Isaacs, a 25-year veteran Merrill Lynch adviser and manager, to oversee its branches in New York City, according to a source familiar with the talks.
Hedge funds post small gains in February
Global hedge funds posted small gains in February as many prominent managers steered clear of stocks and bet against Europe's common currency, analysts at Bank of America Merrill Lynch said.
BofA CEO says will vote for Frank in November
Bank of America Corp Chief Executive Brian Moynihan said on Sunday during a television interview that he will vote for U.S. Representative Barney Frank, a key proponent of financial industry reform, in the upcoming November election.
Citi, BofA pay banking heads more than CEOs
For executives at Bank of America Corp and Citigroup Inc, it pays to be just below the top.
Montag highest paid BoA executive in 2009
Bank of America Corp's investment banking chief Thomas Montag was the company's highest paid executive in 2009, after the company assumed his contract as part of its acquisition of Merrill Lynch, according to the company's proxy filing on Friday.
Bank of America, SEC accord wins final approval
A Manhattan federal judge gave final approval to Bank of America Corp's $150 million settlement with the U.S. Securities and Exchange Commission.
Financial stocks rally on growing confidence
Bank stocks led the S&P 500 Index in Wednesday's rally as Fed Chairman Bernanke reiterates his commitment to low interest rate and offered an optimistic view of the financial markets.
Cuomo, Oppenheimer settle over auction-rate debt
New York Attorney General Andrew Cuomo on Tuesday said Oppenheimer & Co will restore $31 million to the accounts of customers who were stuck owning auction-rate securities that became illiquid.
Exclusive: U.S. business investment continues to drop
U.S. businesses continued to postpone financing new investments in their operations in January, but delinquencies among existing borrowers stabilized and outright defaults fell.
Stocks flat on Bernanke watch
Stocks finished flat on Monday as investors held back before congressional testimony by Fed Chairman Ben Bernanke, while scattered buying lifted shares of health insurers and banks.
Stocks end flat as Bernanke eyed, but banks rise
Stocks finished flat on Monday as investors held back before congressional testimony by Fed Chairman Ben Bernanke, while scattered buying lifted shares of health insurers and banks.
Judge OKs half-baked SEC-Bank of America accord
Bank of America Corp won approval of a $150 million settlement with the U.S. Securities and Exchange Commission over the Merrill Lynch & Co merger, though the federal judge who signed off on the accord called it half-baked justice at best.
BofA to push institutional retirement advice
Bank of America Corp wants to aggressively expand Merrill Lynch's business of managing investments on behalf of pension funds, foundations and endowments.
Judge OKs SEC-Bank of America accord on Merrill
Bank of America Corp won approval of a $150 million settlement with U.S. Securities and Exchange Commission over the Merrill Lynch merger, ending an embarrassing public battle between the largest U.S. bank and the nation's top securities regulator.
Judge OKs SEC/Bank of America $150 million accord
Bank of America Corp on Monday won approval of a $150 million settlement with the U.S. Securities and Exchange Commission over the Merrill Lynch & Co merger, ending an embarrassing public battle between the largest U.S. bank and the nation's top securities regulator.
Former BofA CEO Lewis was briefed on disclosure
Former Bank of America Chief Executive Kenneth Lewis said he was briefed twice on his company's decision not to disclose rising losses at Merrill Lynch & Co, before the bank's takeover of Merrill was put before shareholders.
SEC's BofA accord up in air, Cuomo to provide details
The fate of the U.S. Securities and Exchange Commission's $150 million accord with Bank of America Corp over the Merrill Lynch & Co takeover hung in the balance as a federal judge sought help in resolving striking inconsistencies in events leading up to the merger.
SEC: BofA didn't fire counsel for Merrill advice
Bank of America Corp fired its general counsel in December 2008 to keep Brian Moynihan, now its chief executive, from leaving the bank, and not because of legal advice concerning the takeover of Merrill Lynch & Co, the Securities and Exchange Commission said.
Big money stays invested despite new year shocks
Investors have not yet given up on the 11-month-old world markets recovery and there is little evidence so far this year of a retreat to safe-haven bunkers in the face of mini-shocks from Greek debts, China's monetary tightening and U.S. regulatory threats.
Credit card delinquency rates level off
The percentage of Americans falling behind on credit card bills stabilized in January, according to data from the six major lenders, signaling that U.S. consumer credit woes may be leveling off.
BofA wins judgment over cybersquatter on Web names
Bank of America Corp has won a court judgment barring a self-described cybersquatter from using the bofaml.com and mlbofa.com Internet domain names following the bank's acquisition of Merrill Lynch & Co.
Judge demands details on $150 million SEC-BofA deal
A federal judge weighing a U.S. Securities and Exchange Commission $150 million settlement with Bank of America Corp has demanded more details on why bank shareholders were left in the dark about problems at Merrill Lynch & Co before approving that company's takeover.
Judge has questions on $150 million SEC-BofA accord
A federal judge has ordered the U.S. Securities and Exchange Commission and Bank of America Corp to answer questions about their proposed $150 million settlement to resolve the regulator's two lawsuits over the Merrill Lynch & Co takeover.
Germany undecided on Greece bailout; stock market rally halts
A rally for U.S. stock markets stalled on Monday after a German official rejected reports that the nation's lawmakers had decided to offer aid for Greece.
China's CIC gives breakdown of U.S. equity stakes
China Investment Corp , the country's $300 billion sovereign wealth fund, has made its biggest U.S. equity bets in natural resources and financial stocks.
Judge questions SEC $150 million accord with BofA
A federal judge expressed skepticism about the U.S. Securities and Exchange Commission's $150-million settlement with Bank of America Corp over the Merrill Lynch takeover, questioning whether the regulator was too tame in setting forth facts to help him decide.
Euro zone debt worries sink Dow below 10,000
The Dow industrials closed below 10,000 for the first time since November on Monday as investors sold bank shares due to heightened concerns about the euro zone's sovereign debt troubles.
Dow closes below 10,000 on euro zone debt woes
The Dow industrials closed below 10,000 for the first time since November on Monday as investors sold bank shares due to heightened concerns about the euro zone's sovereign debt troubles.