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Bank of America News

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

1 hr ago | The Washington Post

Wall Street Facing New U.S. Scrutiny of Derivatives Tactic

Wall Street banks face heightened scrutiny from the Commodity Futures Trading Commission over their latest tactic to escape U.S. trading rules for overseas derivatives.

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Related Topix: Corporate / Securities Law, Law, Goldman Sachs, Financial Services, Investment Services, Banking, Stanley, US Politics, US News, US House of Representatives, Democrat, Maxine Waters, California

5 hrs ago | Barron's

Evening Wrap: BAC, Amgen Rally

The S&P 500 Index moved fractionally higher to 1,970.07, while the Dow Jones Industrial Average fell 31.75 points or 0.19% to 16,880.36.

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Related Topix: Biotech, Medicine, Amgen, Healthcare Industry, Banking, Financial Services, Mortgage, Personal Finance

6 hrs ago | National Mortgage News

B of A Said to Near U.S. Mortgage Accord After Raising Offer

Eight Reasons the Housing Recovery's Been So Slow From tight credit conditions to empty nesters, here is a litany of problems weighing on the housing market, as summarized in the minutes of last month's Federal Reserve policy meeting.

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

7 hrs ago | Business Journal

Cousins Properties to buy Fifth Third Center for record number

Cousins Properties is under contract to purchase the Fifth Third Center office tower in uptown Charlotte for a record-setting number.

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Related Topix: Real Estate, Cousins Properties, Financial Services, Banking

9 hrs ago | Reuters

Bank of America ordered to pay $1.27 bln for Countrywide fraud

U.S. District Judge Jed Rakoff in Manhattan ruled nine months after jurors found Bank of America and former Countrywide executive Rebecca Mairone liable for defrauding government-controlled mortgage companies Fannie Mae , and used her maiden name of Rebecca Steele.

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

9 hrs ago | TheStreet.com

Bank of America (BAC) Stock Rises After Federal Judge's Mortgage Case Ruling

The decision comes nine months after the jury found Bank of America and former Countrywide executive Rebecca Mairone liable for defrauding Fannie Mae and Freddie Mac via bad Countrywide loans in 2007 and 2008.

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Related Topix: Banking, Financial Services, Home, Mortgage, Personal Finance, TheStreet, Financial Markets, Business News

9 hrs ago | Business Journal

Bank of America ordered to pay $1.3B fine in mortgage 'Hustle' case

Already found guilty after a trial, Bank of America Corp. is now being ordered to pay a $1.3 billion fine as its penalty in a civil mortgage fraud case, according to Bloomberg.

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

11 hrs ago | Hispanic Business

Bank of America Changes the Game With Preferred Rewards

'Preferred Rewards is the first program of its kind to offer clients benefits and rewards for everyday banking,' said .

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Related Topix: Financial Services, Banking

19 hrs ago | Bloomberg

BofA Names Ex-Mitsubishi UFJ Tie-Up Chief Tokyo Branch Head

Bank of America Corp. named Miwa Ohmori, the former chief executive officer of Merrill Lynch & Co.'

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Related Topix: Banking, Financial Services, Merrill Lynch and Co, Investment Services, 9, North Carolina

Tue Jul 29, 2014

The Washington Post

VTB's Lenders Said to Await EU Sanctions Clarity on Russia

International lenders to VTB Group are waiting for details on European Union sanctions on Russia before deciding to approve a $1.5 billion loan to the bank, according to three people with knowledge of the matter.

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Related Topix: ING Group, Insurance, Financial Services, Banking, Business News

Housing Wire

DOJ demands more in BofA, Countrywide deal

Despite already offering $13 billion to end the government's mortgage securities probe, the Department of Justice is demanding billions of more from Bank of America for the dealings of Countrywide Financial Corp. and Merrill Lynch & Co.

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Related Topix: US News, Home, Mortgage, Personal Finance, Banking, Financial Services, Merrill Lynch and Co, Investment Services

The Washington Post

Deutsche Bank Debt Trading Beats U.S. Peers as Pretax Climbs

Deutsche Bank AG, Europe's biggest investment bank, surprised analysts by reporting revenue from debt trading that beat four out of five U.S. peers and helped boost pretax profit 16 percent.

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Related Topix: Banking, Deutsche Bank AG, Financial Services, Financial Markets, Citigroup, Business News

Seeking Alpha

Facebook, Inc. Hits Mega-Cap, Is Dow Jones Calling?

The Dow Jones Industrial Average is performing well so far this year, with new highs a regular occurrence .

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Related Topix: Startups, Facebook, IBM, Semiconductors, International Business Machines Corporation -- Microelectronics, Electronics, Beverages, CocaCola, Cable & Satellite, Telecom, ATT, Banking, Financial Services

Mon Jul 28, 2014

Seeking Alpha

Citigroup: Disappointed By Cowardly Management But Maintaining 'Buy'

Precedent was thrown out the window and Citi was fined three to four times what its competitors were on a relative basis.

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Related Topix: Banking, Financial Services, CitiMortgage, Citigroup

The Charlotte Observer

BofA to vacate Ballantyne building as it shrinks office footprint

The bank plans to vacate the Betsill building by the end of the year but remain in two other buildings the bank also leases in Ballantyne, spokeswoman Jennifer Darwin said Monday.

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

TheStreet.com

Why TheStreet Ratings Team Reiterates Bank of America (BAC) Stock a 'Buy'

This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover.

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Related Topix: TheStreet, Financial Services, Banking, Financial Markets

The Washington Post

BofA Names Coben, Deignan to Head Global Equity Capital Markets

Bank of America Corp. named Craig Coben and Mary Ann Deignan co-heads of global equity capital markets amid a boom in cross-border initial public offerings.

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Related Topix: Financial Services, Banking, Business News

Seeking Alpha

Bank Of America: The 'Flat Yield Curve' Myth Debunked

Anyone who reads my articles knows I think Bank of America is a terrific value at current prices.

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Related Topix: Financial Services, Banking, Financial Markets

Seeking Alpha

7 Beautiful One-Branch Bank Stocks Entire Communities Can Bank On

Many one-branch bank stocks like CABC, CPBO, and PZBW are particularly undervalued and poised to outperform the KBW Bank Index.

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Related Topix: Financial Markets, Banking, Financial Services

Sun Jul 27, 2014

American Reporter

The WilliesIS it All Over but the Crisis?

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.

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

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