Bank of america Stories
Hartford Financial names ex-BofA exec as CEO
Hartford Financial Services Group Inc named a former Bank of America Corp executive to replace its chairman and CEO, Ramani Ayer, who had announced plans to retire in June after the 199-year-old insurer struggled with record losses.
What is the Debtors Revolt? (Video)
The debtors revolution is what began from a video posted on You Tube at the beginning of September by a Bank of America customer gone viral after BofA raised her credit card interest from 13 percent to a whopping 30 percent.
BofA, execs owe billions in lawsuit, Ohio says
Investors in a class-action lawsuit against Bank of America Corp over the Merrill Lynch & Co takeover are trying to collect billions of dollars in damages, Ohio's attorney general said on Monday.
Mid-Day Minute - Sept 28
Dollar's Rebalancing Woes; Deals Boost Stocks; Investors Sue BofA
China's Sinochem bids $2.5 billion for Australia's Nufarm
Chinese state-owned Sinochem bid $2.5 billion for Australian farm chemicals group Nufarm Ltd on Monday, looking to gain a global footprint in a deal that could again test investment ties between China and Australia.
BofA suspends ACORN commitments: report
Bank of America Corp has suspended its current commitments to ACORN Housing, an affiliate of Association of Community Organizations for Reform Now , a scandal-hit U.S. liberal grassroots group, the Wall Street Journal said on Monday.
Bank of America rejects SEC claims in bonus suit
Bank of America Corp formally denied U.S. Securities and Exchange Commission claims accusing it of misleading shareholders about bonuses it let Merrill Lynch & Co pay employees before the companies' January 1merger, and said it is seeking an order dismissing the regulator's complaint.
Ambac, BofA, German central bank add to Lehman claims
Ambac Financial Group , Bank of America and Germany's central bank are among new entities claiming assets against Lehman Brothers after banks and investors worldwide took losses to the largest bankruptcy in U.S. history.
Bank of America urges dismissal of SEC complaint
Bank of America Corp urged a federal judge to dismiss the U.S. Securities and Exchange Commission's complaint accusing it of misleading shareholders about bonuses it let Merrill Lynch & Co pay employees before the companies' January 1 merger.
U.S. banks report $5.2 billion in Q2 trading revenue
U.S. commercial banks reported a drop in trading revenues for the second quarter as earnings from interest products plunged, though revenues were boosted by improving credit markets, the Office of the Comptroller of the Currency said on Friday.
Man sues BofA for 1,784 billion, trillion dollars
Dalton Chiscolm is unhappy about Bank of America's customer service -- really, really unhappy.
Citigroup is top Q3 govt-gtd bond underwriter
Thomson Reuters on Friday released the top government-guaranteed bond underwriters for the third quarter of 2009 as of Thursday, September 24.
Shanda Games sets $1 bln U.S. IPO; global issues up
China's top video game operator, Shanda Games, priced its $1 billion U.S. IPO at the top of an indicative range, as firms globally make bold moves to capitalise on a spike in investor confidence.
JPMorgan leads pack as underwriting drives fees
Banks led by JPMorgan Chase & Co reaped a bonanza of underwriting fees from debt and equity capital-raisings in the third quarter but a deepening slump in M&A activity depressed overall investment banking fees.
Citi to cut back U.S. branches to six cities: report
Citigroup Inc , the bank bailed out with $45 billion by the U.S. government, plans to cut down its U.S. branch network to six big metropolitan areas, the Wall Street Journal said on Wednesday on its website, citing people familiar with the situation.
U.S. credit card defaults rise to record: Moody's
The U.S. credit card charge-off rate rose to a record high in August, as more Americans lost their jobs, Moody's Investors Service said on Wednesday, in another sign consumers remain under stress.
US credit card defaults rise to record - Moody's
The U.S. credit card charge-off rate rose to a record high in August, as more Americans lost their jobs, Moody's Investors Service said on Wednesday, in another sign consumers remain under stress.
Stock futures signal flat to higher start, Fed eyed
Stock futures pointed to a flat to higher start for Wall Street on Wednesday ahead of the Federal Reserve's interest rate decision, with Dow Jones futures up 0.2 percent, S&P 500 futures up 0.3 percent and Nasdaq futures flat at 4:15 a.m. EDT.
Daily Wrap Up - Sept 22
Global Climate Push; Steady Policy Outlook for Fed; BofA Turns Over Docs
BofA to provide more documents in Congress probe
Bank of America has agreed to turn over more documents to a congressional probe of its purchase of troubled investment bank Merrill Lynch, although some company material remains under wraps for now, a senior lawmaker said on Tuesday.
Wall St gains as commodities, banks rise
U.S. stocks rose on Tuesday as strong commodity prices and a weak dollar before a Federal Reserve meeting gave a boost to Wall Street.
Big holder cuts Citi Stake
Singapore's largest sovereign wealth fund GIC said on Tuesday it had halved its stake in Citigroup to below 5 percent, making a profit of $1.6 billion as global equity markets rebound.
GIC trims Citi stake to below 5 percent
Singapore's largest sovereign wealth fund GIC said on Tuesday it had halved its stake in Citigroup to below 5 percent, making a profit of $1.6 billion as global equity markets rebound.
U.S. charges Obama fund-raiser in $290 million fraud
Hassan Nemazee, a fund-raiser for Barack Obama, Hillary Clinton and other Democrats, has been indicted for defrauding Bank of America, HSBC and Citigroup Inc out of more than $290 million in loan proceeds, U.S. prosecutors said on Monday.
Merrill Lynch appoints new head of Australian ops
Bank of America/Merrill Lynch has appointed former top Goldman Sachs JB Were executive Craig Drummond to head its Australian operations, a top official said on Tuesday.
BofA skips Congress deadline, faces new SEC threat
Bank of America failed to meet a Monday deadline to hand lawmakers further details about its acquisition of Merrill Lynch and faces the possibility of new charges from U.S. securities regulators.
BofA to end $118 bln asset-guarantee deal
Bank of America Corp will end a nine-month old, $118 billion asset-guarantee program with the U.S. government, paying a $425 million exit fee, the company announced on Tuesday.
BofA fails to meet congressional deadline
Bank of America Corp failed to meet a Monday midday deadline to hand over further details about its acquisition of Merrill Lynch to a congressional investigative committee, a panel spokeswoman said.
BofA close to shelving gov't loss-share pact: report
Bank of America Corp is close to exiting a loss-sharing deal with the Federal Reserve Board and U.S. Treasury that was designed to buttress against potential loan losses, the Wall Street Journal reported on Monday.
BofA's legal problems growing, may push exec change
Bank of America Corp CEO Ken Lewis has survived troubled acquisitions, massive credit losses and two government bailouts, but experts question whether he can survive a series of investigations.


