Posted by Reuters: Business News on January 29, 2012
(Reuters) – Bank of America Corp is shaking up the leadership of its investment bank as it looks to find its footing in a difficult market environment.
Posted by Reuters: Business News on January 19, 2012
NEW YORK (Reuters) – Stocks rose for the third straight day on Thursday, sparked by results from Bank of America and Morgan Stanley and as the latest jobless claims dropped to a near four-year low.
Posted by Reuters: Business News on
NEW YORK (Reuters) – Stocks rose for the third straight day on Thursday, sparked by results from Bank of America and Morgan Stanley and as the latest jobless claims dropped to a near four-year low.
Posted by Reuters: Business News on
NEW YORK (Reuters) – U.S. stocks rose on Thursday, putting the S&P on track for its third straight advance after earnings from Bank of America and Morgan Stanley lifted financials and strong demand at European bond auctions eased concerns over Europe.
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(Reuters) – Signs of improvement in the economy and gains from asset sales helped Bank of America Corp post a quarterly profit, sending its shares higher on Thursday, but the second-largest U.S. bank still needs more capital and with little left to sell, it is becoming creative.
Posted by Reuters: Business News on
NEW YORK (Reuters) – U.S. stocks rose early Thursday, putting the S&P on track for its third straight advance after Bank of America and Morgan Stanley earnings lifted financials and strong demand at European bond auctions eased euro zone debt concerns.
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(Reuters) – Bank of America Corp reported a fourth-quarter profit, reversing a year-earlier loss, boosted by one-time items and lower expenses for bad loans.
Posted by Reuters: Business News on January 11, 2012
NEW YORK (Reuters) – The New York state’s financial regulator is probing several large banks, including Bank of America Corp and Citigroup Inc, on whether they overcharged customers on force-place insurance, a source familiar with the matter said.
Posted by Reuters: Business News on January 10, 2012
HONG KONG (Reuters) – Bank of America-Merrill Lynch , the second-largest U.S. bank by assets, is cutting around a fifth of its managing directors across its Asia investment banking division, sources said on Monday, in a bid to cut costs as the outlook sours in a once-booming region.
Posted by Reuters: Business News on December 26, 2011
(Reuters) – Bank of America Corp is lagging behind its major U.S. competitors in complying with new capital rules, leading the bank to consider even more asset sales, sources said.
