Bank of America latest news
Bank of America is the largest bank in the United States. All of these articles are about Bank of America. Make sure to visit this tag often for all of the Bank of America latest news.This tag has been viewed 756 times There are a total of 101 pages tagged Bank of America.
- Bank of America reports 1.0-billion-dollar loss in quarter
NEW YORK (AFP) -- Bank of America on Friday announced a steeper-than-expected net loss of 1.0 billion dollars in the thir... - Bank of America reports 1.0-billion-dollar loss
NEW YORK (AFP) -- Despite early signs of a fledgling recovery in the US financial sector, Bank of America Friday highlighted ongoing economic struggles posting a net quarterly loss of 1.0 billion dollars.Amid hefty writedowns and ... - Bank of America's Lewis to skip pay day
CHARLOTTE, N.C., Oct. 16 (UPI) -- Bank of America's Chief Executive Officer Kenneth Lewis said he would forfeit his salary for 2009, amid new revelations over the purchase of Merrill Lynch. The deal to buy Merrill Lynch has prompted... - Bank of America reports $1 billion loss
NEW YORK (AFP) -- Bank of America on Friday announced a steeper-than-expected net loss of 1.0 billion dollars in the third quarter, linked to hefty writedowns of assets from Merrill Lynch and othe... - Bank of America posts $1 bln loss
NEW YORK (AFP) -- Bank of America on Friday announced a steeper-than-expected net loss of 1.0 billion dollars in the third quarter, linked to hefty writedowns of assets from Merrill Lynch and othe... - Bank of America reports $1 billion loss in quarter
NEW YORK (AFP) -- Bank of America on Friday announced a steeper-than-expected net loss of 1.0 billion dollars in the third quarter, linked to hefty writedowns of assets from Merrill Lynch and othe... - Bank of America to divulge lawyers' advice
NEW YORK, Oct. 13 (UPI) -- Bank of America's board of directors agreed to disclose legal advice connected to its purchase of Merrill Lynch in January, which is clouded in controversy. The bank earlier said discussions with its attorn... - Bank of America loans trail in program
CHARLOTTE, N.C., Oct. 12 (UPI) -- A Bank of America lending executive said the U.S. lender did not relish its low ranking among banks helping struggling homeowners with loan modifications. We don't want to be down there, said... - Bank Of America Without Ken Lewis
CHARLOTTE, NC., Oct. 5 (TOTI) -- Soon they won't have Kenneth Lewis to kick around any more. Lewis, who has been CEO of Charlotte-based Bank of America will step down on December 31, 2009. He'll take $68.8 million with... - Bank of America forms CEO search committee
CHARLOTTE, N.C., Oct. 2 (UPI) -- U.S. financial giant Bank of America said it formed a search committee to find a replacement for beleaguered Chief Executive Officer Kenneth Lewis. Lewis announced he would retire Dec. 31, at the end... - Embattled Bank of America CEO Lewis to retire
NEW YORK (AFP) -- Bank of America chief executive Kenneth Lewis, at the center of a storm over a government-backed deal to buy Merrill Lynch last year, announced plans to retire December 31.Lewis, who had lost the post of chairman ... - Bank of America's Ken Lewis to retire
CHARLOTTE, N.C., Sept. 30 (UPI) -- Bank of America Chief Executive Officer and President Kenneth Lewis will retire at the end of the year, the bank announced Wednesday. The bank said Lewis will retire as a CEO and as a director, but... - Bank of America to sell long-term asset unit
WASHINGTON (AFP) -- The Bank of America said Wednesday that it had agreed to sell its long-term asset management business Columbia Management to Ameriprise Financial for approximately one billion dollars."The transaction is expected... - Bank Of America Stock - Merrill Lynch Deal Still Weighs
CHARLOTTE, NC., Sep. 28 (TOTI) -- Like a lot of shotgun marriages, the Bank of America Merrill Lynch merger has faced a lot of hurdles. Bank of America CEO Kenneth Lewis has been forced to answer questions about the deal several times,... - Bank of America to revamp overdraft policy
CHARLOTTE, N.C., Sept. 23 (UPI) -- U.S. banking giant Bank of America said it would revamp its overdraft policy, lowering fees and offering customers a chance to opt out of overdraft coverage. The bank said on Oct. 19 it would stop ... - Bank of America may face new fine over bonuses
NEW YORK (AFP) -- US regulators said on Tuesday they could slap new charges on Bank of America over billions of dollars in bonuses paid to Merrill Lynch executives just before it took over the tro... - Bank of America may face new charges over bonuses
NEW YORK (AFP) -- US regulators said Tuesday they could slap new charges against Bank of America over billions of dollars in bonuses paid to Merrill Lynch executive... - Bank of America to pay $425 mln to end federal guarantee
NEW YORK (AFP) -- Bank of America said Monday it had agreed to pay 425 million dollars to the US government to exit a guarantee program put in place to cover potential losses in its takeover of Merrill Lynch."We are pleased to resol... - Bank of America legal dance continues
CHARLOTTE, N.C., Sept. 16 (UPI) -- Bank of America Corp. remains confident it will work its way through its legal problems in time, a spokesman for the North Carolina company says. The U.S. Securities and Exchange Commission has yet... - Judge orders Bank of America to trial
NEW YORK, Sept. 14 (UPI) -- Federal Judge Jed Rakoff Monday ordered the case of Bank of America's purchase of Merrill Lynch to go to trial in New York, rejecting a settlement offer. Bank of America and the Securities and Exchange had... - Bank of America mulls repaying aid: report
NEW YORK (AFP) -- Bank of America is seeking to repay some of the billions of dollars in US government aid it has received in a bid to reduce federal involvement in the company, The Wall Street Journal reported Tuesday.The federal g... - Bank Of America Settling Suits
CHARLOTTE, NC., Aug. 25 (TOTI) -- Bank of America is doing its part to put the Merrill Lynch bonus issues behind it. The Charlotte, N.C. based bank has paid $150 million to settle a lawsuit brought against it by the SEC. The company h... - Judge rejects Bank of America's $33M fine
NEW YORK, Aug. 11 (UPI) -- A federal judge in New York refused to accept a $33 million fine imposed on Bank of America for deceiving investors in its purchase of Merrill Lynch. Bank of American did not admit to any wrongdoing in the ... - Bank Of America Still Facing Hurdles
CHARLOTTE, NC., Aug. 10 (TOTI) -- Bank of America has been getting some better news lately, but the company isn't out of the woods just yet. As the company proved recently, there are still many challenges in their core US operations ma... - Bank of America settles SEC charges
WASHINGTON, Aug. 3 (UPI) -- Bank of America said Monday it would pay a $33 million penalty to settle charges it made false statements to investors when it purchased Merrill Lynch. The bank said it would not admit to any wrongdoing in... - Bank of America spent $1.5M on lobbying
WASHINGTON, July 22 (UPI) -- Bank of America Corp., which accepted $45 billion in taxpayer bailout money, has spent $1.5 million on lobbying so far this year, U.S. Senate records indicate. The Charlotte, N.C., bank -- one of the nati... - Bank of America spent $1.5B on lobbying
WASHINGTON, July 22 (UPI) -- Bank of America Corp., which accepted $45 billion in taxpayer bailout money, has spent $1.5 billion on lobbying so far this year, U.S. Senate records indicate. The Charlotte, N.C., bank -- one of the nati... - Bank of America tops forecasts with $3.2 bln profit
NEW YORK (AFP) -- Bank of America said Friday it earned a profit of 3.2 billion dollars in the second quarter, down 5.9 percent from a year ago but better than analyst forecasts.The profit ... - Former employees turn on Bank of America
CHARLOTTE, N.C., June 30 (UPI) -- Nine former Bank of America employees accused the bank of over-selling services to Hispanic clients to create financial chaos that would result in bank fees. We were coached every day to push mul... - Bank of America chief deflects Merrill pressure query
WASHINGTON (AFP) -- Bank of America chief executive Kenneth Lewis on Thursday avoided lawmakers' questions about government pressure to complete the purchase of troubled investment firm Merrill Lynch.Lewis, appearing on the opening ... - Bank of America spree costs top talent
CHARLOTTE, N.C., June 10 (UPI) -- Five major acquisitions in the past four years have contributed to the high turnover rate among top executives at Bank of America, a company spokesman said. The level of leadership turnover we've... - Court: Bank of America can keep fees
LOS ANGELES, June 2 (UPI) -- The California Supreme Court has sided with Bank of America Corp., saying it can charge overdraft fees on accounts that include Social Security deposits. In the ruling, the bank overturned a 2004 ruling t... - Bank of America closes in on Fed capital target
WASHINGTON (AFP) -- Ailing Bank of America said Wednesday it has raised almost 26 billion dollars and was close to meeting its Federal Reserve-mandated requirement for a capital buffer.The ... - Bank of America raises $13.5 bln in stock sale
NEW YORK (AFP) -- Bank of America Corporation has said it has raised some 13.5 billion dollars in an offering of its common stock, as the company seeks to raise capital to weather the financial cr... - Bank of America raises 13.5 bln dlr in stock sale
NEW YORK (AFP) -- Bank of America Corporation has said it has raised some 13.5 billion dollars in an offering of its common stock, as the company seeks to raise capital to weather the financial cr... - Bank of America raises $13.5 billion in stock sale
NEW YORK (AFP) -- Bank of America Corporation said it has raised some 13.5 billion dollars in an offering of its common stock, as the company seeks to raise capital to weather the financial crisis... - Regulators urge Bank of America board overhaul: report
WASHINGTON (AFP) -- US federal regulators have urged Bank of America to revamp its board of directors with more experienced banking executives, The Wall Street Journal reported Friday.On Ma... - Bank of America told to increase cushion
CHARLOTTE, N.C., May 6 (UPI) -- The U.S. Treasury has told Bank of America it needs to increase its holdings of common equity by about $35 billion within six months, bank officials said. The bank will not be asked to raise new capit... - Bank of America told to raise $39.9B
CHARLOTTE, N.C., May 6 (UPI) -- The U.S. Treasury has told Bank of America it needs to increase its capital reserves by $39.9 billion within six months, bank officials said. The shortfall, determined by the stress tests the Treasury... - Economic Outlook: Bank of America tagged
NEW YORK, May 6 (UPI) -- Stress test worries turned vivid and tangible for Bank of America, told by the U.S. Treasury it would need to make up a $33.9 billion shortfall. Glaring headlines put the Charlotte, N.C., firm's financial tr... - Bank of America needs at least $33.9 bln
WASHINGTON (AFP) -- Bank of America will need to raise between 33.9 and 35 billion dollars in capital to maintain its financial stability, US media reported.After days of negotiations, the government informed the banking giant it ne... - Bank of America needs at least 33.9 bln dlrs
WASHINGTON (AFP) -- Bank of America will need to raise between 33.9 and 35 billion dollars in capital to maintain its financial stability, US media reported.After days of negotiations, the government informed the banking giant it ne... - Bank of America needs extra 33.9 bln dlrs: report
WASHINGTON (AFP) -- Bank of America will need 33.9 billion dollars in extra capital from the US government to remain financially stable, The New York Times reported.The government has informed the banking giant of its decision, the ... - Bank of America denies stress test report
CHARLOTTE, N.C., May 4 (UPI) -- Bank of America denied Monday it was planning to raise $10 billion to shore up its capital reserves in the wake of U.S. Treasury stress tests. The Treasury set up the tests for the nation's 19 largest... - Bank of America chief Lewis loses chairmanship
NEW YORK (AFP) -- Bank of America's shareholders Wednesday removed Kenneth Lewis from the chairman's post but he will remain the chief executive, the US banking giant said.The decision to o... - US pressured Bank of America to buy Merrill: probe
WASHINGTON (AFP) -- US officials pressured Bank of America to complete a takeover of troubled investment firm Merrill Lynch last year after the banking giant wanted to back out, documents from a probe showed Thursday.The documents r... - Bank of America profits roar, but loan losses loom
NEW YORK (AFP) -- Bank of America on Monday reported a surge in first-quarter profits, the latest upbeat results from a major US bank, but its hefty bad-debt provision sent shockwaves through Wall... - Bank of America profits hit $4.2 bln
NEW YORK (AFP) -- Bank of America on Monday said it had net profit of 4.2 billion dollars in the first quarter, nearly triple that of a year ago, on record revenue of 36 billion dollars.The... - European stocks dip before Bank of America results
LONDON (AFP) -- Europe's main stock markets were sharply lower Monday, with the property sector reeling from a downbeat research note as investors awaited key results from Bank of America.In morning European deals, London's FTSE 100... - Bank of America drops back on fee changes
CHARLOTTE, N.C., April 15 (UPI) -- U.S. financial giant Bank of America Corp. said it was abandoning plans to raise overdraft fees in light of the current economic environment. With billions of taxpayer dollars bailing them out, ban...
