Bank of america Stories
BofA says still in talks to exit government pact
Bank of America Chief Executive Ken Lewis said his company is still in talks with U.S. officials on how to compensate the government for a prior loss-sharing agreement, according to a letter released by a watchdog lawmaker on Thursday.
Bank of America names Orcel to executive banking post
Bank of America Corp said on Thursday it named London-based Andrea Orcel an executive chairman for its global banking and markets division, according to an internal memo seen by Reuters.
BofA pushes SEC settlement, rejects Cuomo charges
Bank of America Corp and the U.S. Securities and Exchange Commission on Wednesday made a third attempt to persuade a skeptical judge to approve their settlement over Merrill Lynch & Co bonuses. But experts said they may not have done enough.
BofA letter rejects charges by NY state AG Cuomo
Bank of America Corp shot back at New York Attorney General Andrew Cuomo, saying he is simply wrong to claim that the bank is hindering an investigation into its takeover of Merrill Lynch & Co.
BofA letter rejects charges by Cuomo
Bank of America Corp shot back at New York Attorney General Andrew Cuomo, saying he is simply wrong to claim that the bank is hindering an investigation into its takeover of Merrill Lynch & Co.
Daily Wrap Up - Sept 8
Bonuses Anger; Will Cuomo Attack?; Beatles are Back
NY's Cuomo may charge BofA execs over Merrill
New York Attorney General Andrew Cuomo threatened on Tuesday to file charges accusing top Bank of America Corp executives of failing to disclose essential details about its takeover of Merrill Lynch & Co.
Wall Street ends up on M&A hopes, strong commodities
U.S. stocks advanced on Tuesday on an uptick in corporate deal activity while the weak dollar led to gains in commodities, lifting shares of oil and mining companies.
Credit card losses seen up, staying high
Standard & Poor's said on Tuesday U.S. credit card losses declined in July, but forecast bad loans would soon resume their upward trend as thousands of Americans lose their jobs.
BofA-Merrill reinstates coverage of Gilead, 3 others
Banc of America Securities-Merrill Lynch reinstated coverage of Gilead Sciences Inc with a buy rating, saying upside to consensus estimates over the next few years is likely, driven by strength in the drugmaker's HIV medicines amid few competitive threats.
BofA TARP payment splits analysts
Reports that Bank of America Corp (BAC.N) is in talks with the U.S. Treasury to repay $20 billion of its federal bailout was met by the market with joy -- and a little skepticism.
BofA offering to repay part of bailout: report
Bank of America is offering to repay part of the U.S. government bailout money, starting with the $20 billion it received in January to help with the acquisition of Merrill Lynch & Co, the Wall Street Journal reported on its website late on Monday.
U.S. pay czar starts review of TARP firms' proposals
The U.S. pay czar has begun reviewing the appropriateness of the richest pay packages proposed by firms that received billions of dollars in government aid.
Obama's pay czar no stranger to big paychecks
The pay czar tasked by the U.S. government with ruling on the eye-popping compensation of some of Wall Street's top earners is far from a stranger to big paychecks and the trappings of wealth.
Fed urges secrecy on banks in bailout programs
The U.S. Federal Reserve asked a federal judge not to enforce her order that it reveal the names of the banks that have participated in its emergency lending programs and the sums they received, saying such disclosure would threaten the companies and the economy.
McCann, BofA negotiating settlement: source
Robert McCann, former head of Merrill Lynch's wealth management unit, is in talks to settle a suit he filed August 24 against Bank of America Corp seeking to lift a noncompete clause, allowing him to join a chief rival, a source with direct knowledge of the situation said.
McCann, BofA negotiating settlement - source
Robert McCann, former head of Merrill Lynch's wealth management unit, is in talks to settle a suit he filed Aug. 24 against Bank of America Corp (BAC.N) seeking to lift a noncompete clause, allowing him to join a chief rival, a source with direct knowledge of the situation said.
Bharti & MTN work on finalizing deal; issues linger
India's Bharti Airtel and South Africa's MTN hope to finalize by mid-September a deal that could lead to a full merger, with the Indian firm adding another adviser and getting closer to lining up loans, three sources said.
Daily Wrap Up - August 25
More recovery signs; SEC says 'Reveal; Shrugs for Goldman
U.S. judge tells BofA, SEC to reveal more on bonuses
A federal judge ordered Bank of America to explain why it agreed to pay $33 million to settle a U.S. Securities and Exchange Commission lawsuit if it believed it properly disclosed bonuses it authorized for Merrill Lynch & Co employees.
CORRECTED: Judge orders SEC to explain more in BofA case
(Corrects word in paragraph 2 to 'settlement' from 'statement')
Judge orders SEC to explain more in BofA case
A federal judge on Tuesday ordered the U.S. Securities and Exchange Commission to do a better job of explaining why it did not pursue allegations that Bank of America Corp lied in its proxy statement about its approval of bonuses for Merrill Lynch & Co employees.
Four financials dominate NYSE stock action in August
In late August's quiet trading, four troubled financial companies have accounted for a big piece of total volume on the New York Stock Exchange, with all four rallying on little news.
SEC, BofA plead for Merrill bonus settlement
Bank of America Corp and the top U.S. securities regulator sought to persuade a judge to approve their $33 million settlement of a civil lawsuit over the lack of disclosure of billions of dollars of bonuses at Merrill Lynch & Co.
Daily Wrap Up - Aug 24
Credit Card Industry Challenged; GM May Keep Opel; Last Try for 'Clunkers'
Bank of America defends Merrill bonuses
Bank of America Corp mounted an aggressive defense of Merrill Lynch & Co's awarding of $3.6 billion of bonuses last year, as it tries to persuade a federal judge to approve a settlement with the U.S. Securities and Exchange Commission over its own disclosures.
BofA to settle Merrill lawsuit for $150 million
Bank of America Corp has agreed to pay $150 million to settle a class-action lawsuit accusing the former Merrill Lynch & Co of misleading investors in connection with the sale of bonds and preferred stock, court records show.
MTN finalizing $4.5 billion loan for Bharti buy: bankers
Banks are close to finalising South African telecom group MTN's 4.5 billion syndicated loan backing its proposed merger with Indian mobile phone company Bharti Airtel, bankers close to the deal said on Friday.
BofA's Countrywide loses court ruling on mortgages
A federal judge has ruled that Bank of America Corp cannot have a lawsuit by investors seeking to force it to buy back mortgages heard in federal court, saying he lacks jurisdiction to decide the case.
Wall Street ponders pay czar's move on clawbacks
Wall Street is warily watching the Obama administration's pay czar and wondering if he will flex his muscle to claw back past bonuses paid to some of the biggest players in high finance.


