Bank of America News
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Bank of America Corp. 's Merrill Lynch appointed Akihiko Manaka to lead its mergers and acquisitions advisory business in Japan .
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Bank of America Corp has appointed Mayank Saxena as head of its Southeast Asia financial institutions group , the latest in a spurt of investment bank hires in the financials sector amid a surge of dealmaking in Asia by banks and insurers.
Bank of America Corp has appointed Mayank Saxena as head of its Southeast Asia financial institutions group, the U.S. bank said in an internal memo seen by Reuters on Friday.
Brian Moynihan, CEO of Charlotte-based Bank of America , won't be meeting with U.S. Attorney General Eric Holder on settling the feds' probe into the bank's sale of shoddy mortgage securities, Reuters reports.
This is the first time in the history of the Euromoney awards that any firm has simultaneously won both awards.
Over the past several years, many U.S. banks have been closing branches in an effort to improve efficiency of operations and to encourage customers to do more of their banking through mobile devices.
Don't panic. Bank of America isn't leaving town. Neither is Wells Fargo . But trends tell us it's probably time to start thinking about a post-Banktown Charlotte.
Not very good, if you look at the track record of their additions and subtractions to the Index over the last 20 years.
The fifth anniversary of the U.S. economic expansion will usher in a rare boon: growth exceeding 3 percent over a nine-month period, a Bloomberg survey of economists shows.
It's estimated that Citibank will pay a $7 billion dollar fine for its shoddy mortgage practices before the financial crisis.
Charlotte's two big-bank employers are set to report quarterly earnings, once again shining a light on the health of their businesses and on the U.S. economy as a whole.
Attorney General Eric Holder has formally refused to meet with Bank of America Corp Chief Executive Brian Moynihan to hammer out a multibillion-dollar deal, as talks to resolve probes into shoddy mortgage securities sold by the bank and its units remain at a standstill, according to people familiar with the matter.
A quarterly cash dividend of $0.38775 per depositary share on the 6.204 percent Non-Cumulative Preferred Stock, Series D, is payable on September 15 to shareholders of record as of August 29. A quarterly cash dividend of $0.25556 per depositary share on the Floating Rate Non-Cumulative Preferred Stock, Series E, is payable on August 15 to ... (more)
They say the wheels of justice spin slowly, but they never said they spin fairly, or for Citigroup , cheaply.
The firm set a price target of $18 for the bank with an "equal weight" rating. Barclays analysts lowered its second quarter estimates to 29 cents a share from 31 cents a share.
Mario Draghi is undermining his own plan to support asset-backed debt as he floods banks with cheap money, according to Morgan Stanley and Bank of America Corp., prompting them to cut forecasts for sales of the securities.
Updated: Fri Jul 11, 2014 01:42 am
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