Bank of america Stories
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.
Investors not convinced by Bank of America ‘earnings’
Concerns continue to rise over the health of the nation’s largest banks leaving investors wary and reluctant to reach into their pockets despite the reported gains.
Wall Street sinks on banks' woes
U.S. stocks slid more than 3 percent on Monday after weak results from Bank of America reignited concerns over the state of the banking industry and the economy.
Bank of America net up, shares sink on bad loans
A surge of troubled loans overshadowed better-than-expected earnings at Bank of America Corp, and the largest U.S. bank said it expects the credit situation to worsen, driving its shares down 24.3 percent.
Wall Street sinks as bank shares tumble
Stocks slid on Monday on concerns over the sustainability of recent better-than-expected results from banks after Bank of America Corp reported a big increase in troubled loans.
Wall Street falls as bank shares tumble
Stocks slid on Monday on concerns over the sustainability of recent better-than-expected results from banks after Bank of America Corp reported a big increase in troubled loans. Wall Street's tumble follows a six-week winning streak, the longest for the S&P 500 since 2007, with the Dow scoring its biggest gain over the period since 1938.
Treasury does not yet have stress test results
The U.S. Treasury said on Monday there was no basis for a report that said its stress tests on the health of the nation's 19 top banks showed several were technically insolvent.
Bank of America profit rises, credit quality sours
A surge in troubled loans overshadowed better-than-expected earnings at Bank of America Corp, and the largest U.S. bank expects the credit situation to worsen, driving its shares down 17 percent.
Wall Street falls on earnings caution, bank jitters
Wall Street fell at the open on Monday on worries that problems persist for the struggling banking sector and after Bank of America's results relied heavily on one-time items as credit quality deteriorated markedly.
Wall Street set to fall on earnings caution, bank jitters
Wall Street was set to fall at the open on Monday on worries that problems persist for the struggling banking sector and after Bank of America's results relied heavily on one-time items as credit quality deteriorated markedly.
Bank of America profit more than doubles
Bank of America Corp said on Monday first-quarter profit more than doubled, as higher revenue from the purchase of Merrill Lynch & Co and a one-time gain from selling shares of a Chinese bank offset a surge in credit losses.
Exxon bumps Wal-Mart to top Fortune 500
Energy giant Exxon Mobil Corp beat discount retailer Wal-Mart Stores Inc to regain the top of Fortune magazine's list of the 500 biggest publicly traded companies, based on revenue.
Earnings deluge may stall Wall Street rally
A torrent of earnings this week threatens to swamp Wall Street's impressive rally, as results so far have shown the corporate outlook remains murky and investors worry that better-than-expected results from banks still don't prove the sector is stable.
Earnings deluge may stall rally
A torrent of earnings this week threatens to swamp Wall Street's impressive rally, as results so far have shown the corporate outlook remains murky and investors worry that better-than-expected results from banks still don't prove the sector is stable.
Exxon bumps Wal-Mart off top of Fortune 500
Energy giant Exxon Mobil Corp beat discount retailer Wal-Mart Stores Inc to regain the top of Fortune magazine's list of the 500 biggest publicly traded companies, based on revenue.
Exxon knocks Wal-Mart off top of Fortune 500
Energy giant Exxon Mobil Corp beat discount retailer Wal-Mart Stores Inc to regain the top of Fortune magazine's list of the 500 biggest publicly traded companies, based on revenue.
Wall St Week Ahead: Earnings deluge may stall rally
A torrent of earnings this week threatens to swamp Wall Street's impressive rally, as results so far have shown the corporate outlook remains murky and investors worry that better-than-expected results from banks still don't prove the sector is stable.
U.S. can avoid bank nationalizations: White House
The Obama administration thinks it can avoid nationalizing U.S. banks that are currently under scrutiny to see how well they would fare if the recession were worse than expected, the White House said on Sunday.
Earnings deluge may swamp stock rally
A torrent of earnings threatens to swamp Wall Street's impressive rally next week, as results so far have shown the corporate outlook remains murky and investors worry that better-than-expected results from banks still don't prove the sector is stable.
Pressure mounts on BofA CEO before annual meeting
Two influential investor advisory groups sharply rebuked Bank of America Corp Chief Executive Kenneth Lewis over his handling of the buyout of ailing Merrill Lynch & Co, recommending he be thrown off the bank's board at its upcoming annual meeting.


