Bank of america Stories
U.S. bank, flu fears chill economy hopes
Fears about a possible global flu crisis and renewed worries over the capital health of some U.S. banks combined on Tuesday to rattle economists' hopes the financial system was stabilizing.
CORRECTED: U.S. bank, flu fears chill economy hopes
Removes references in paragraph 2 to Citigroup needing billions of dollars in new capital
Stock futures lower on bank, global flu jitters
Stock futures pointed to a lower open on Tuesday as a report that Bank of America Corp and Citigroup Inc may need more capital revived fears about the stability of the struggling financial sector.
U.S. bank, flu fears chill stabilization hopes
Fears about a possible global flu crisis and renewed worries over the capital health of some U.S. banks combined on Tuesday to rattle economists' hopes the financial system was stabilizing.
Stock futures point to sharply lower Wall Street open
Futures for the Dow Jones industrial average, the Nasdaq 100 and the S&P 500 share indexes are down 1.3-1.7 percent, pointing to a sharply lower start on Wall Street.
Index futures point to sharply lower Wall St open
Futures for the Dow Jones industrial average, the Nasdaq 100 and the S&P 500 share indexes are down 1.3-1.7 percent, pointing to a sharply lower start on Wall Street.
U.S. urges BofA, Citi to increase capital: report
U.S. regulators have told Bank of America Corp and Citigroup Inc they may need to raise more capital following stress testing of the two banks, the Wall Street Journal reported.
U.S. tells BofA, Citi to increase capital: report
U.S. regulators have told Bank of America Corp and Citigroup Inc that following recent stress testing of the two banks they may need to raise more capital, the Wall Street Journal reported.
Raised pandemic risk, bank capital report fuels fresh fears
Renewed fears about the health of the global economy spooked markets on Tuesday as risks rose that Mexican swine flu may become a pandemic and a newspaper report said U.S. banks may need to raise fresh capital.
Epic Insights Expanded 4-28-2009
By being long of GS and short an equal amount of MS, you eliminate the broad market and focus on the difference between the firms. Following this strategy in my weekly newsletter EPIC Insights, I recommend a long position in GS and a short position in MS as this week’s fundamental trade.
Thain says BofA Merrill statements not true: report
Bank of America Corp made inaccurate statements about its role in the bonuses and losses at Merrill Lynch & Co, former Merrill Lynch & Co Chief Executive John Thain told the Wall Street Journal in an interview.
Companies drop investor freebies amid hard times
Forget the goody bags. Many shareholders accustomed to grabbing free food and gifts at U.S. corporate annual meetings are going home empty-handed.
Top U.S. banks must hold sizable capital buffer: Fed
The top 19 U.S. banks need to hold a substantial amount of capital above regulatory requirements to weather a potential worsening of the economic recession, the U.S. Federal Reserve said on Friday.
U.S. pressured BofA to complete Merrill deal: Cuomo
Bank of America Corp CEO Kenneth Lewis was pressured by senior federal officials Henry Paulson and Ben Bernanke to accept a merger with troubled Merrill Lynch & Co or lose his job, New York Attorney General Andrew Cuomo said on Thursday.
Fed: No one advised BOA’s Lewis on disclosure
Bank of America chief was not advised on disclosure issues by anyone at the Federal Reserve, Fed spokeswoman, Michelle Smith said on Thursday.
Fed says didn't advise BofA's Lewis on disclosure
No one at the Federal Reserve advised Bank of America chief Kenneth Lewis on any disclosure issues, Fed spokeswoman Michelle Smith said on Thursday.
U.S. pressured B of A to complete Merrill deal: Cuomo
Bank of America Corp CEO Kenneth Lewis was pressured by senior federal officials Henry Paulson and Ben Bernanke to accept a merger with troubled Merrill Lynch & Co or lose his job, New York Attorney General Andrew Cuomo said on Thursday.
Cuomo questions TARP, pressure on B of A's Lewis
An investigation of Bank of America Corp revealed facts that raise questions about the transparency of the U.S. government program to help banks in the financial crisis, New York's top legal officer said in a letter made public on Thursday.
Lewis testified that U.S. urged silence on Merrill deal: report
Bank of America Corp CEO Kenneth Lewis testified under oath that Federal Reserve Chairman Ben Bernanke and then-Treasury Secretary Henry Paulson pressured him to keep quiet about losses at Merrill Lynch & Co, which the bank was buying, the Wall Street Journal reported.
U.S. jury finds brokers guilty in squawk box trial
Three former brokers and three former day traders conspired to misuse company squawk boxes for insider trading, a U.S. jury ruled on Wednesday in the second trial in the case.
U.S. jury finds brokers guilty in 2nd squawk box trial
Three former brokers and three former day traders conspired to misuse company squawk boxes for insider trading, a U.S. jury ruled on Wednesday in the second trial in the case.
U.S. lawmakers consider credit card reform proposals
A Congressional panel huddled on Wednesday to consider legislation that would curb high credit card fees and penalties by many banks that have benefited from the federal government's bailout program.
Wells Fargo has record profit, tops in mortgages
Wells Fargo & Co posted a record first-quarter profit of $3.05 billion as a surge in mortgage refinancings helped it displace Bank of America Corp as the nation's largest home lender.
U.S. credit card firms seek to limit crackdown
U.S. credit card companies are expected to use a White House meeting to put their best foot forward, despite an avalanche of negative publicity, aiming to blunt a congressional push for tougher regulations.
U.S. credit card bill tests Democrats' political will
A Congressional panel is expected to approve legislation on Wednesday that would curb high credit card fees and penalties assessed by many banks that have benefited from the federal government's financial bailout program.
Wall Street lifted by banks, United Tech, tech sector
Stocks rose on Tuesday after U.S. Treasury Secretary Timothy Geithner said the vast majority of banks are well capitalized, soothing worries over the need for the struggling sector to raise more money.
BofA CEO should be kicked off board: Connecticut treasurer
The Connecticut state treasurer told beleaguered Bank of America Corp Chief Executive Kenneth Lewis on Tuesday she will be voting against his re-election at the bank's upcoming shareholder meeting.
Wall Street set to open lower on weak earnings, views
Stock index futures pointed to a lower open on Tuesday on concerns about the state of corporate profits after several major U.S. companies reported disappointing quarterly results and even cloudier outlooks.
Wall Street futures point lower on weak results
Stock index futures pointed to a lower open on Tuesday on concerns about the state of corporate profits after several major U.S. companies reported disappointing quarterly results and even cloudier outlooks.
Wall Street futures point lower on dour results
Stock index futures pointed to a lower open on Tuesday on concerns about the state of corporate profits after Bank of New York Mellon cut its quarterly dividend and DuPont warned of weak demand ahead.