Bank of america Stories
FDIC questions Citi management review: report
The U.S. Federal Deposit Insurance Corp is questioning the positive conclusions given to Citigroup Inc's management team in a government-mandated review in the aftermath of the financial crisis, the Wall Street Journal said, citing people familiar with the situation.
Pay czar urged to stop BofA CEO pension
A top U.S. labor group on Thursday asked the Obama administration's pay czar to stop any retirement payments to Bank of America Chief Executive Ken Lewis.
CORRECTED: Pay czar urged to stop BofA CEO pension
A top U.S. labor group on Thursday asked the Obama administration's pay czar to stop any retirement payments to Bank of America Chief Executive Ken Lewis.
Pay czar asked to stop BofA CEO pension
A top U.S. labor group on Thursday asked the Obama administration's pay czar to stop any retirement payments to Bank of America Chief Executive Ken Lewis.
Citi management gets satisfactory marks in review
A review of Citigroup Inc's management team, demanded by U.S. regulators in the aftermath of the financial crisis, gave it satisfactory marks, according to a person familiar with the matter.
ECB set to hold rates, caution on economy
The European Central Bank is expected to keep interest rates at a record-low 1.0 percent on Thursday and its head Jean-Claude Trichet will probably caution against high hopes of a speedy economic recovery.
Shareholder urges BofA to look for CEO outside
Bank of America Corp should look for a new chief executive outside of the company, a shareholder that has criticized the current management in the past said on Wednesday.
CORRECTED - U.S. stock futures signal firmer start for Wall St
* U.S. stock index futures pointed to a higher open for Wall Street on Wednesday, extending the previous session's sharp gains and ahead of the start of third-quarter earnings season, with aluminium group Alcoa (AA.N) the first in line.
Stock futures signal firmer start for Wall Street
Stock futures pointed to a higher open for Wall Street on Wednesday, extending the previous session's sharp gains and ahead of the start of third-quarter earnings season, with aluminum group Alcoa the first in line.
U.S. stock futures signal firmer start for Wall St
U.S. stock index futures pointed to a higher open for Wall Street on Wednesday, extending the previous session's sharp gains and ahead of the start of third-quarter earnings season, with aluminium group Alcoa (AA.N) the first in line.
Stock futures signal firmer start for Wall St
U.S. stock index futures pointed to a higher open for Wall Street on Wednesday, extending the previous session's sharp gains and ahead of the start of third-quarter earnings season, with aluminum group Alcoa the first in line.
Bank of America pledges halt on card rate hikes
Bank of America said it will not raise rates or change terms on consumer credit card accounts ahead of reform legislation slated to go into effect early next year, according to a letter released by a lawmaker on Tuesday.
Pay czar looking to rework employee pay packages: report
The Obama administration's pay czar plans to cut the cash salaries of the top employees at seven firms that have received large sums of government aid, in a bid to reshape their compensation packages, the Wall Street Journal said on Tuesday, citing people familiar with the matter.
BofA brings back iconic Merrill Lynch logo
Bank of America Corp will spend as much as $20 million in the fourth quarter of 2009 to relaunch Merrill Lynch's name and long-time bull logo.
American Express president leaves to seek CEO post
American Express Co President Alfred Kelly will leave the company early next year to seek an opportunity as a chief executive elsewhere, the credit card issuer said on Monday.
Wall Street set for bounce at open
Stocks were headed for an opening bounce on Monday, with investors scooping up shares beaten down in last week's selloff, while a report that Brocade Communications Systems Inc put itself up for sale may fan deal optimism.
Stock futures signal Wall Street rebound
Stock index futures rose on Monday, with investors poised to scoop up shares beaten down in last week's sell-off, while a report that Brocade Communications Systems Inc put itself up for sale may fan deal optimism.
Stocks set to open up, snap 4-day losing streak
Stock futures pointed to a higher start on Monday to snap a four-day losing streak. The futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq Composite were up 0.5-0.6 percent at 4.22 a.m. ET.
US stocks set to open up, snap 4-day losing streak
U.S. stock index futures pointed to a higher start on Monday to snap a four-day losing streak. The futures for the Dow Jones industrial average DJc1, the S&P 500 SPc1 and the Nasdaq Composite NDc1 were up 0.5-0.6 percent at 0822 GMT.
U.S. pronouncements later hurt bailout: IG report
Senior U.S. officials deliberately created the impression last year that banks receiving huge government cash infusions were healthier than was the case, a Treasury Department watchdog's report released on Monday said.
U.S. pronouncements later hurt bailout
Senior U.S. officials deliberately created the impression last year that banks receiving huge government cash infusions were healthier than was the case, a Treasury Department watchdog's report released on Monday said.
BofA to select emergency CEO this week: report
Bank of America Corp plans to select an emergency chief executive officer this week if legal issues force Ken Lewis to leave before year-end, the Wall Street Journal said, citing a person familiar with the situation.
Daily Wrap Up - Oct 2
A Fragile Economy; Tax Money and CIT; Complacency Warning
BofA's CEO search panel heavy on Fleet veterans
Bank of America Corp's six-member CEO search committee includes three former directors of FleetBoston Financial Corp, a sign the bank's Boston connection may take a stronger role in setting future strategy.
Bank of America names team to oversee CEO search
Bank of America Corp
has appointed a six-member group of directors to oversee the
search for Kenneth Lewis' replacement.
FINRA head urges BofA to be open on CEO search
The head of the main U.S. securities industry regulator said on Friday the board of Bank of America Corp should make public its intentions as it searches for a new chief executive.
Update 1- FINRA head urges BofA to be open on CEO search
The head of the main U.S. securities industry regulator said on Friday the board of Bank of America Corp should make public its intentions as it searches for a new chief executive.
Daily Wrap Up - Oct 1
Fed sees weak economy ahead; BofA's Short Term Solution; Car Sales Sink
BofA scrambling; strategy for new CEO questioned
Bank of America Corp's board of directors is considering hiring a short-term chief executive, a move that signaled CEO Kenneth Lewis' plan to depart caught the bank flat-footed.
BofA directors mull short-term CEO
Bank of America Corp's board of directors is looking at hiring a short-term chief executive from outside the bank to give internal candidates more time to develop, a company spokesman said Thursday.