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.
Posted by Reuters: Business News on December 21, 2011
WASHINGTON (Reuters) – Bank of America Corp’s Countrywide Financial unit agreed on Wednesday to pay a record $335 million to settle civil charges that it discriminated against minority homebuyers, an historic settlement for the Obama administration in the wake of the subprime mortgage morass.
Posted by Reuters: Business News on
WASHINGTON (Reuters) – Bank of America Corp’s Countrywide Financial unit agreed on Wednesday to pay a record $335 million to settle civil charges that it discriminated against minority homebuyers, a historic settlement for the Obama administration in the wake of the subprime mortgage morass.
Posted by Reuters: Business News on December 19, 2011
NEW YORK (Reuters) – Banks dragged the stock market lower on Monday, with losses accelerating late after Bank of America’s stock price fell below
Posted by Reuters: Business News on
NEW YORK (Reuters) – Stocks fell on Monday as bank stocks added to losses and Bank of America dropped below $5 for the first time in nearly three years as investors worried about the outlook for the global economy.
Posted by Reuters: Business News on December 2, 2011
(Reuters) – Bank of America Chief Executive Officer Brian Moynihan will have his work cut out for him next week when he speaks at an investor conference in New York, despite a recent uptick in his bank’s stock price.
Posted by Reuters: Business News on November 22, 2011
(Reuters) – U.S. regulators have informed Bank of America’s board that the company could face public enforcement action if they are not satisfied with recent steps taken to strengthen the bank, the Wall Street Journal said, citing people familiar with the situation.
Posted by Reuters: Business News on November 14, 2011
(Reuters) – Bank of America Corp plans to sell most of its remaining stake in China Construction Bank Corp for $6.6 billion in cash to boost the ailing U.S. bank’s capital levels.
