Bank of america Stories
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.
Euro zone debt woes weigh on Wall Street
Stocks fell on Monday on fears that possible fallout from the euro zone's sovereign debt troubles might force banks to raise capital, diluting the holdings of existing share owners.
CIT, emerging from bankruptcy, hires Thain as CEO
CIT Group Inc has hired former Merrill Lynch CEO John Thain as its new chief executive, the commercial lender said late on Sunday, wagering that the well-traveled executive can guide its post-bankruptcy turnaround.
Wells Fargo to poach, train 1,400 brokers this year
Wells Fargo & Co's brokerage expects to add more than 1,400 financial advisers this year through a combination of poaching from rivals and training rookie brokers.
Cuomo charges BofA, ex-CEO with fraud; SEC settles
New York's attorney general charged Bank of America Corp , former Chief Executive Kenneth Lewis and former Chief Financial Officer Joe Price with fraud for allegedly misleading shareholders about the acquisition of Merrill Lynch & Co.
BofA, ex-CEO Lewis charged with fraud over Merrill
New York's attorney general charged Bank of America Corp , former Chief Executive Kenneth Lewis and former Chief Financial Officer Joe Price with fraud for allegedly misleading shareholders about the bank's acquisition of Merrill Lynch & Co.
BofA adds property unit to Asia-Pacific hiring spree
Bank of America has embarked on a major hiring spree across Asia, aiming to expand in the fast growing region and revive the investment banking franchise that Merrill Lynch built before the financial crisis.
BofA Merrill sees room to grow on world markets
Investors should consider stepping into equities linked to countries that are the first to raise interest rates, Bank of America Merrill Lynch's chief global equity strategist said on Wednesday.
BofA approved more than $4 billion for 2009 pay: report
Bank of America Corp has approved more than $4 billion in 2009 pay for its investment bankers and traders, according to the Wall Street Journal.
Second SEC/BofA case on track for summer trial
The second of two U.S. Securities and Exchange Commission lawsuits against Bank of America Corp over the Merrill Lynch & Co takeover may be ready for trial as soon as this summer, with a trial on the first lawsuit set to begin on March 1.
BofA CEO to get 2010 base pay of $950,000: source
Bank of America Corp's new chief executive, Brian Moynihan, will receive a base salary of $950,000 this year, according to a source familiar with his employment agreement.
Tech stocks drop as financials struggle to keep gains, S&P 500 edges down
Tech stocks dropped in morning trading on Thursday as financials struggled to keep gains, S&P 500 edges down.
BofA CEO Moynihan to get 19 percent raise: report
Bank of America Chief Executive Brian Moynihan will be paid $950,000 a year for his new job, the Wall Street Journal reported on Wednesday.
Merrill's Asia property funds back in business: sources
Bank of America has dropped plans to exit Merrill Lynch's Asia property funds business and will instead help it raise new money, cashing in on a recovery in the real estate sector, sources said.
General Atlantic takes minority stake in Markit
Markit, a data provider and index administrator, said private equity firm General Atlantic had agreed to take a minority stake in the company.
Global trust in business rebounds slightly
Trust in business worldwide rebounded modestly last year, after plummeting in the face of a severe recession, but informed adults believe companies will revert to their old ways as memory of the downturn fades.
Schwab says breakaway broker trend has legs
Charles Schwab Corp added a record number of wealth adviser teams as clients last year, benefiting from a wave of breakaway brokers leaving traditional firms to launch their own shops.
Financial stocks down on trading restriction fears
Shares of several major U.S. financial institutions fell on Friday along with the broader market a day after President Barack Obama's proposals to further restrict banking activity.
U.S. regional banks' credit woes persist, but ease
Three major regional banks said loan problems buffeted fourth-quarter results but may be coming under control after two hard years.
Midwest U.S. banks beat forecasts as problems ease
Three big Midwestern banks posted better-than-expected results on Thursday, signaling the credit picture may be improving for banks in one of the U.S. regions hardest hit by the extended recession.


