OTC Capital Partners » Bank Of America

BofA investor lawsuit wins class-action status

Reuters: Business News — Tue, 07 Feb 2012 02:10:31 +0000

(Reuters) – Investors suing Bank of America Corp won class-action status for their lawsuit accusing the bank of fraudulently misleading them about the 2008 takeover of Merrill Lynch & Co and the size of Merrill’s losses and bonus payouts.

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Bank of America shuffles investment banking leaders

Reuters: Business News — Mon, 30 Jan 2012 03:30:03 +0000

(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.

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Wall Street rises on bank results, but Google sinks late

Reuters: Business News — Fri, 20 Jan 2012 00:30:34 +0000

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.

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Financials lift Wall Street after bank earnings

Reuters: Business News — Thu, 19 Jan 2012 22:50:24 +0000

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.

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Wall Street gains on banks, pullback seen

Reuters: Business News — Thu, 19 Jan 2012 19:30:16 +0000

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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Bank of America profit boosted by one-time gains

Reuters: Business News — Thu, 19 Jan 2012 16:10:03 +0000

(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.

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Financials, Europe debt auctions lift Wall Street

Reuters: Business News — Thu, 19 Jan 2012 15:56:30 +0000

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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Bank of America posts fourth-quarter profit

Reuters: Business News — Thu, 19 Jan 2012 14:30:24 +0000

(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.

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BofA and others being probed over home insurance: source

Reuters: Business News — Wed, 11 Jan 2012 14:00:04 +0000

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.

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BofA prunes senior ranks in Asia investment banking: sources

Reuters: Business News — Tue, 10 Jan 2012 04:50:03 +0000

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.

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