Bank of America News
News on Bank of America (Ticker: BAC) continually updated from thousands of sources around the net.
1 hr ago | The Charlotte Observer
Former Bank of America Chief Financial Officer Joe Price has reached a $7.5 million settlement with the New York attorney general’s office to resolve allegations related to the Charlotte bank’s 2009 Merrill Lynch acquisition.
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3 hrs ago | Politico
In his first two campaigns for the Senate, Scott Brown could count on the lock-step support of Wall Street - first in his campaign to deprive Democrats of the 60-seat majority, and then as the man standing between bank-bashing Democrat Elizabeth Warren and high office.
7 hrs ago | Business Wire
Geoffrey Greener, Enterprise Capital Management executive, will become chief risk officer.
7 hrs ago | Seeking Alpha
Legal payments and settlements have totaled $50 billion since the financial crisis, and it is hard to say when these challenges will come to an end.
7 hrs ago | The Hartford Courant
By Aruna Viswanatha, Karen Freifeld and Peter Rudegeair - The U.S. Department of Justice is asking Bank of America Corp to pay more than $13 billion to settle allegations the bank overstated the quality of mortgage bonds it sold during the housing bubble, according to Bloomberg News .
10 hrs ago | Business Journal
A former executive for Bank of America Corp. will receive no prison time, fines or other punishment after cooperating as a witness in a federal bond-rigging investigation, Reuters reported this week .
13 hrs ago | Bloomberg
Who knew buying these assets would be the way to go as the Federal Reserve cuts back on its debt purchases? Two exchange-traded funds managed by Pacific Investment Management Co.
Three of the co-founders of CertusBank, who were fired earlier this month after investors raised concerns over spending, have filed a federal lawsuit protesting their dismissals.
Chobani said on Wednesday it has received a $750 million investment from private equity firm TPG, in a move that will spare the Greek yogurt company from a serious cash crunch, according to several people familiar with the matter.
Galaxy Gaming, Inc. , the world's largest independent producer of casino table games, announced today it received from the Clark County District Court a Notice of Entry of Order dismissing the lawsuit between the Company and Bank of America .
Umpqua has completed the acquisition of Sterling, a virtual merger of equals that adds significant scale in the Pacific Northwest.
PORT CHARLOTTE, Fla.- Charlotte County Sheriff's detectives have charged a Port Charlotte teen with armed robbery, after an incident that occurred at a local bank drive-thru yesterday evening.
After its earnings, Bank of America has traded a bit cautiously. However, this is on the heels of 35% gains for the mega-bank that it has posted over the past year.
The suit claims the defendants rigged securities markets over the past five years, naming dozens of large players in the industry.
Prime brokers cater exclusively to hedge funds, clearing trades and lending money.
Bank of America was the target of a large drop in short interest during the month of January.
Here's a little trivia for you. This week I am in Minnesota and Kansas, but 4,000 miles away not a single one of the country's ten biggest banks, including Bank of America, Chase, Citi, and Wells Fargo, has a retail location in Hawaii! The cost of doing business apparently isn't worth it for large banks, especially since Hawaii is a relatively ... (more)