Bank of America (NYSE: BAC) is looking to expand its business operations in China, according to recent reports. The largest U.S. bank, based on assets, inherited a well established Asian investment banking business from Merrill Lynch when it acquired the bank.
According to a report by the Wall Street Journal, Bank of America is pondering the [...]
All Posts Tagged With: "Bank of America Corp. (BAC)"
Report: Bank Of America (NYSE: BAC) Aims To Grow Business In China
Bank Of America (NYSE: BAC) To Merge Card Services Business With Deposits Unit
Bank of America (NYSE: BAC) announced Tuesday that it will merge its Global Card Services Business with its Deposits unit to report under one executive. The units are two of the bank’s largest consumer businesses.
The announcement is just another step in the management shake-up that has ensued at the bank since CEO Brian Moynihan took [...]
Treasury Department Sets Date For Bank Of America (NYSE: BAC) Warrant Sale
The U.S. Treasury will recoup more taxpayer money in the coming days as it has designated a date and time that warrant securities it holds on Bank of America (NYSE: BAC) will be auctioned off, an event that should raise well in excess of a billion dollars.
The auction will take place on Wednesday and be [...]
Brokers “Hitting the Jackpot” with Retention Bonuses at Morgan Stanley (NYSE: MS)
In what is becoming an almost weekly ritual, bonuses were back in the news. This time the issue was retention bonuses and the target was brokers at Morgan Stanley’s (MS) Smith Barney unit.
As reported in the Wall St. Journal, about one-third of the combined firm’s 18,000 brokers received a bonus. The one-time payment was structured [...]
Pending Ruling Over Bank of America (NYSE: BAC) Disclosures Puts SEC and Attorney General Cuomo at Odds
What did he know? When did he know it? And why was he fired? Those are the questions U.S. District Judge Jed S. Rakoff will ponder regarding the circumstances surrounding the firing of former Bank of America (BAC) general counsel Timothy Mayopoulos.
At stake is a settlement to resolve two lawsuits by the SEC. The first [...]
Bank Of America (NYSE: BAC) Names New Chief Administration Officer, Alters Title
Bank of America (NYSE: BAC) announced Thursday its replacement for retiring Chief Administration Officer J. Steele Alphin. The bank named Andrea Smith as his replacement, changing the official title of the position to global human resources executive.
Alphin announced he is retiring following 33 years of service with Bank of America. Though the change is effective [...]
Judge To Rule On Bank Of America (NYSE: BAC), SEC Settlement
U.S. District Judge Jed Rakoff said Monday that he will decide by the end of next week whether or not to reject the latest settlement between Bank of America (NYSE: BAC) and the Securities and Exchange Commission in regard to its 2009 acquisition of Merrill Lynch. The settlement calls for Bank of America to pay [...]
February 9th, 2010 | mitch | Comments | Continued
NY AG Cuomo Files Fraud Charges Against Bank Of America (NYSE: BAC)
The office for New York Attorney General Andrew Cuomo announced today that it has filed fraud charges against Bank of America (NYSE: BAC), former CEO Kenneth Lewis and former CFO Joseph Price for actions that led to the Merrill Lynch merger, as well as the reception of taxpayer aid.
The suit claims that Bank of America [...]
Mr. Moynihan Goes to Washington. Bank of America Corp. (NYSE: BAC) CEO Makes D.C. a Strategic Priority
To the person who is against all things banking right now, Bank of America Corp. (BAC) CEO Brian Moynihan may seem like a cynical opportunist. Moynihan sees himself as making a statement.
Bank of America gets it.
For decades, Bank of America was hostile, if not openly defiant, towards regulators and elected officials. It acquired competitors across [...]
Again in 2010? J.P. Morgan Chase (NYSE: JPM) and Bank of America Corp. (NYSE: BAC) Expected to Buyback Billions in Faulty Loans from Fannie and Freddie
The news continues to get bad for big banks and, potentially, worse for hopeful borrowers. The Wall Street Journal is reporting that J.P. Morgan Chase (JPM) and Bank of America Corp. (BAC) look to be the hardest hit when Fannie Mae and Freddie Mac ask for payback of up to $300 billion in bad mortgages.
After [...]
Live from Davos. Citigroup Inc. (NYSE: C) and Bank of America Corp. (NYSE: BAC) CEOs Defend Their Banks
Is it faith, trust, pixie dust, or just the rarefied air at Davos? Citigroup Inc. (C) CEO Vikram Pandit and Bank of America Corp. (BAC) CEO Brian Moynihan each defended their respective institutions in interviews that are sure to set the stage for what looks like an ongoing battle between Wall Street and Washington D.C.
Let’s [...]
Losses are largely driven by MTM values on its assets. Market valuations can go down as quick as it goes ...
Like a lot of large conglomerate companies that went through the deepest recession since the great depression not every part ...
This website has lost all credibility... every article they publish is something negative about Citi... I suppose the people behind ...