Bookmark

Add to MyYahoo RSS

Bank of America News

News on Bank of America (Ticker: BAC) continually updated from thousands of sources around the net.

1 hr ago | Reuters

Car parts distributor Transtar up for sale -sources

Transtar Industries Inc, a U.S. distributor of replacement car parts, is exploring a sale that it hopes could value the company at as much as $1 billion, including debt, according to people familiar with the matter.

Comment?

Related Topix: Financial Services, Banking, Walton Hills, OH

Thu Aug 28, 2014

Wall Street Journal

Breadth of Bank Cyber Breach Remains in Doubt

Some of the nation's largest banks distanced themselves from a cyberattack that hit J.P. Morgan Chase & Co., saying they had no indication they had been the victims of a similar incident.

Comment?

Related Topix: Banking, JP Morgan Chase , Financial Services

Mortgage News Daily

Bank of America seeks to void verdict in $1.27 billion 'Hustle' case

Bottom Right Default State Name: State Name underscore: State Name dash: State Name lower underscore: State Name lower dash: State Name lower: State Abbreviation: State Abbreviation Lower: It is a continuously updated stream of news from around the web Visit throughout the day for the latest breaking news.

Comment?

Related Topix: Banking, Financial Services, Reuters, Home, Mortgage, Personal Finance

Investor's Business Daily

Banks' Big Legal Tab Could Hamper Future Rescues

Federal and state regulators have taken their pound of flesh from the nation's big banks, as the huge legal settlements with JPMorgan Chase, Citigroup and now Bank of America cut into earnings.

Comment?

Related Topix: Financial Services, Banking, CitiMortgage, Citigroup, Home, Mortgage, Personal Finance

Silicon Alley Insider

Bank Of America Seeks To Void Verdict In $1.27 Billion 'Hustle' Case

Bank of America Corp on Thursday asked a federal judge to throw out a jury verdict finding it liable for fraud over defective mortgages sold by its Countrywide unit that resulted in a $1.27 billion penalty.

Comment?

Related Topix: Banking, Financial Services, Home, Mortgage, Personal Finance

American Reporter

ConstanceCELEBRATING IKE

Those who thought that last week's government bailout of Fannie Mae and Freddie Mac would stabilize the financial markets got a wakeup call this week.

Comment?

Related Topix: Home, Mortgage, Personal Finance, Economics News, Subprime Mortgage Crisis, Bankruptcy, Banking, Financial Services

TheStreet.com

One Factor Driving Bank of America (BAC) Stock Down Today

A federal law enforcement official told the site that investigators think Russian hackers were behind the attacks.

Comment?

Related Topix: Financial Services, Banking, Financial Markets

The Washington Post

Safeway to Lead Bond Flurry Topping $100 Billion: Credit Markets

From grocer Safeway Inc. to Australian mall owner Westfield Corp., companies are poised to fuel debt sales in the U.S. next month that Bank of America Corp. said may exceed $100 billion, keeping the market on pace for a third straight record year.

Comment?

Related Topix: Retail, Safeway, Grocery, Banking, Financial Services, Financial Markets, JP Morgan Chase , Merrill Lynch and Co, Investment Services, Business News

Bloomberg

BofA's Merrill Japan Ordered to Pay Damages to Takefuji

Bank of America Corp. 's Japanese brokerage unit was ordered to pay 14.5 billion yen by the Tokyo High Court for its role in a bond transaction with failed consumer lender Takefuji Corp. The court yesterday ordered Merrill Lynch Japan Securities Co.

Comment?

Related Topix: Financial Services, Takefuji, Banking, World News, Japan, US News

Wed Aug 27, 2014

Bloomberg

Goldman Sachs Extends Its Kangaroo Bond Curve After BofA Sale

Goldman Sachs Group Inc. is extending its bond curve in Australia out to 2021, offering notes a day after Bank of America Corp. sold A$1.1 billion of securities due in March 2020.

Comment?

Related Topix: Goldman Sachs, Financial Services, Investment Services, Banking, Marketing, Financial Markets

Housing Wire

5 big lenders to help lower military mortgage payments

Wells Fargo , Bank of America , Ocwen Loan Servicing , CitiMortgage and Quicken Loans all committed to the Obama Administration's new program to make it easier for active-duty servicemen and servicewoman to afford homes and help them save hundreds of dollars or more each year.

Comment?

Related Topix: Wells Fargo , Home, Banking, Mortgage, Financial Services, Personal Finance, Ocwen Financial

National Mortgage News

Bank of America's Next Big Countrywide Problem

Community Builder or Divider? Homeownership's Pluses and Minuses The benefits of homeownership are often cited in policy debates, though it has some downsides.

Comment?

Related Topix: Banking, Financial Services, George Mason University, Home, Mortgage, Personal Finance

New York Post

Banksa $128B settlement tab is twice last yeara s profits

Bank of America, which bought subprime loan leader Countrywide Financial in 2008, has paid more to regulators for mortgage misdeeds than all the other big banks combined, the latest tally shows.

Comment?

Related Topix: Banking, Financial Services, Home, Mortgage, Personal Finance, Goldman Sachs, Investment Services

Seeking Alpha

Analysis For Investment Return On The Big 6 Banks

Wells Fargo trading at 1.65 premium compared to book value, while Citigroup and Bank of America trading at a discount at 0.76.

Comment?

Related Topix: Wells Fargo , Banking, Financial Services, Citigroup, CitiMortgage, Goldman Sachs, Investment Services, JP Morgan Chase

The Charlotte Observer

Blocking public's right to know

Like the fact that former Charlotte Mayor Patrick Cannon took bribes to help a strip club owner when a light-rail line was slated to run through his property.

Comment?

Related Topix: Banking, Financial Services, Countrywide Financial, North Carolina, US Politics, US News, Patrick Leahy, US Senate, Democrat, Republican, John Cornyn

Bloomberg

European Stocks Little Changed as Telecom Italia Rises

European stocks were little changed, following the biggest two-day advance since April.

Comment?

Related Topix: Telecom, Telecom Italia SPA, Financial Markets, Banking, Financial Services, Vladimir Putin

NYSBA

Bank of America

Apply for the new New York State Bar Association BankAmericard Cash RewardsTM Visa SignatureA credit card that rewards customers with up to 3% cash back on certain purchases, all while supporting NYSBA initiatives.

Comment?

Related Topix: Financial Services, Banking

Bloomberg

Buffett to Help Finance Burger King Tax-Saving Deal

Bloomberg's Erik Schatzker discusses the Burger King acquisition of Tim Hortons and a possible sweetheart deal for Warren Buffett.

Comment?

Related Topix: Warren Buffett, Goldman Sachs, Financial Services, Investment Services, Banking

Silicon Alley Insider

CFTC Fines Merrill Lynch $1.2 Million For Supervision Failures

The Commodity Futures Trading Commission on Tuesday said it had fined a unit of Bank of America Corp $1.2 million for failures to supervise processing of fees charged to its customers over a period of three years.

Comment?

Related Topix: Corporate / Securities Law, Law, Financial Services, Banking

Tue Aug 26, 2014

Dealbreaker

The Year Of "Bank Yadda Yadda Yadda Settles Yadda Yadda Yadda...

Earlier this month, Bank of America and the U.S. announced a landmark settlement wherein the bank agreed to pay $16.65 billion to settle allegations re: some not great mortgage securities it sold back in the day.

Comment?

Related Topix: Banking, Financial Services, Home, Mortgage, Personal Finance

•••
•••
•••
•••
•••

Seattle Jobs

•••
•••
•••
•••