Bank of america Stories
Kelly in lead for BofA top job, pay an obstacle: report
Bank of New York Mellon Corp Chief Executive Robert Kelly is the front-runner to succeed retiring Bank of America Corp CEO Kenneth Lewis, but compensation issues could get in the way of a deal, the Wall Street Journal said on Sunday, citing people familiar with the situation.
SEC eyes all aspects of BofA's Merrill proxy
U.S. securities regulators are looking at what Bank of America disclosed to shareholders as it was acquiring Merrill Lynch, including the investment bank's mounting fourth-quarter losses that eventually topped $15 billion.
US SEC eyes all aspects of BofA's Merrill proxy
U.S. securities regulators are looking at what Bank of America (BAC.N) disclosed to shareholders as it was acquiring Merrill Lynch, including the investment bank's mounting fourth-quarter losses that eventually topped $15 billion.
FDIC's Bair says was urged to aid BofA
The Federal Deposit Insurance Corp resisted pressure from the administration of President George W. Bush to extend assistance to Bank of America to complete its purchase of Merrill Lynch but was ultimately convinced of the need, FDIC Chairman Sheila Bair said on Friday.
Stock futures rise as data on consumer eyed
Stock index futures rose on Friday as investors awaited data that could provide a look at the health of the consumer, including reports on retail sales and consumer sentiment.
Pay czar poised for next wave of rulings
The Obama administration's pay czar plans to announce on Friday his next wave of rulings as bailout recipients struggle to get out from under his thumb.
Geithner: don't declare victory too soon in crisis
The U.S. economy is struggling against headwinds that mean the government must retain the ability to respond to unexpected crises, even as it starts to wind down emergency programs, Treasury Secretary Timothy Geithner said on Thursday.
Citi plans $15 billion offering, talks to U.S.: sources
Citigroup Inc is talking with the U.S. government about paying back its bailout money, but it is not clear whether a deal is imminent, a person familiar with the matter said on Thursday.
Citi plans $15 billion offering, still talking with U.S. on TARP
Citigroup Inc is talking to the U.S. government about paying back its bailout money, but it is not clear if a deal is imminent, a person familiar with the matter said on Thursday.
Treasury official says Citi talks uncertain: report
Citigroup Inc's negotiations to repay its government bailout money might not be resolved until after the holidays, CNBC said on Thursday, citing a U.S. Treasury official.
Citi TARP talks uncertain, Treasury official: report
Citigroup Inc's negotiations to exit TARP are uncertain, but headed in the right direction, a U.S. Treasury official told television network CNBC.
Citi, Goldman among banks to meet Obama on Monday
Twelve major banks, including Citigroup Inc , Goldman Sachs Group Inc and JPMorgan Chase & Co , will participate in a White House meeting with President Barack Obama on Monday, an administration official said on Thursday.
Citi TARP talks uncertain, says Treasury official: report
Citigroup Inc's negotiations to exit TARP are uncertain, but headed in the right direction, a Treasury official told television network CNBC.
Citi could sell $20 billion of shares soon: report
Citigroup Inc plans to pay back TARP by raising money in an equity offering that could be announced as early as Thursday and could be some $20 billion, television network CNBC reported, citing sources.
BofA finishes TARP repayment
Bank of America Corp fully repaid the U.S. government the $45 billion in aid it took during the height of the financial crisis, the company said on Wednesday.
Citi could sell $20 bln of shares soon: report
Citigroup Inc plans to pay back TARP by raising money in an equity offering that could be announced as early as Thursday and could be some $20 billion, television network CNBC reported, citing sources.
BofA sends TARP repayment, may ease CEO search
Bank of America Corp fully repaid the U.S. government the $45 billion in aid it took during the height of the financial crisis, the company said on Wednesday.
Citi positioned to repay TARP: report
Citigroup Inc plans to pay back TARP by raising money in an equity offering that could be announced as early as this Thursday, cable television network CNBC reported on Wednesday, citing sources.
Stocks rebound, led by financials, tech
U.S. stocks rebounded late on Wednesday, led by shares of financial, technology and natural resource companies.
Citi positioned to repay TARP: Parsons to CNBC
Citigroup Inc is in a position to repay TARP, the bank's chairman, Dick Parsons, told cable television network CNBC on Wednesday.
BofA completes TARP repayment
Bank of America Corp said on Wednesday it completed a previously announced plan to repay $45 billion in U.S. government aid, issued at the height of the financial crisis.
BofA Merrill shakes up retirement unit
Bank of America Merrill Lynch named three executives on Tuesday to run its $450 billion retirement services business, including rehiring a former executive who left earlier this year.
Bank of America CEO candidate under scrutiny: report
Bank of America Corp's Chief Risk Officer Greg Curl is under scrutiny by New York attorney general Andrew Cuomo's office in connection with the probe of the bank's merger with Merrill Lynch, the New York Times reported.
BofA's Greg Curl under scrutiny by Cuomo's office: report
Bank of America Corp's Chief Risk Officer Greg Curl is under scrutiny by New York attorney general Andrew Cuomo's office in connection with the probe of the bank's merger with Merrill Lynch, the New York Times reported.
Wells Fargo keeps mum on TARP repayment plans
Wells Fargo & Co , one of the few major banks that has yet to return bailout funds to the U.S. government, still plans to return its $25 billion as soon as practical, but Chief Executive John Stumpf at a conference on Tuesday did not give any more details.
Language Line files for $400 mln IPO
Translation company Language Line Services Holdings Inc hopes to go public in an initial public offering that would raise as much as $400 million.
EURO BONDS-Lafarge, Rexel, Expro
News, details on corporate bond issues in the European markets on Monday:
Kuwait sells Citi stake, makes $1.1 billion profit
Kuwait's sovereign wealth fund said on Sunday it had sold its stake in Citigroup Inc for a profit of $1.1 billion, becoming the latest Gulf investor to sell foreign shares as markets improve.
U.S. bank bailout estimate cut by $200 billion
The projected long-term cost of the U.S. government's bailout of the nation's big banks is going to be at least $200 billion less than previously thought, a Treasury Department official said on Sunday night.
U.S. cuts estimate of bank bailout costs
The projected long-term cost of the government's bailout of the nation's big banks is going to be at least $200 billion less than previously thought, a United States Treasury Department official said on Sunday night.