Bank of America News
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1 hr ago | Minyanville
China showed its first trade deficit in the past two years in February, and one of the few deficits since the country began tracking the data.
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The bank still ranks in the riskiest half of 223 "diversified financials" in the U.S. from a default risk perspective.
Bank of America is cutting 114 employees from its North Texas mortgage division, according to the Texas 2014 Worker Adjustment and Retraining Notification.
Chobani, the Greek yogurt maker that has grown into a U.S. sensation, is looking to sell a minority stake in a deal that could value the company at around $2.5 billion, people familiar with the matter said.
JPMorgan Chase & Co. has had a quiet start to 2014. The stock closed 2013 at $58.48 , and is at $59.09 as of this writing.
Bank of America Corp is bucking broad-market trend lower this afternoon, and was last seen up 0.5% to trade at $17.41.
But his New York-based co-chief operating officer Thomas Montag , who leads the bank's commercial banking and Wall Street businesses, stands to make $15.5 million.
Back in the days when Hollywood released more films than were nominated for Best Picture awards, society was struggling still with the "redeeming social value" standard for what was and was not considered obscene.
Bank of America's "Safe Balance" initiative is aimed at enhancing long-term revenue while charging a monthly fee of $4.95 on low balance checking accounts.
Meanwhile, Moynhan has spent years in the banking business -- running Bank of America's wealth management, investing banking, and consumer opertations before taking the helm as CEO.
The Dow Jones Industrial Average is climbing back to its all-time high of 16,576.55 set on December 31, 2013.
Bank of America Corp gave its top executives a collective 12 percent pay raise in 2013, according to a filing with the U.S. Securities and Exchange Commission on Friday.
In what has long been a minefield for senior women -- the big banks -- three female executives burnished their power this week.
A Chinese solar-cell manufacturer defaulted on its bond interest payments on Friday, marking the Asian country's first onshore default and raising fears about explosive credit growth in the world's No.
It is no secret that Bank of America was gravely mismanaged in the years leading up to the crisis.