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Bank of America News

News on Bank of America continually updated from thousands of sources around the net.

3 hrs ago | Headwaters News

Arizona congressman's bill would help tribes' renewable-energy projects

Montana health clinics will get a total of $11 million in federal stimulus funds, with 15 clinics to get a piece of $6.7 million of that money to upgrade facilities and equipment.

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Related Topix: US Politics, US News, US House of Representatives, Raul Grijalva, Democrat, Alternative Energy, Science / Technology, Renewable Energy (Green Energy), Energy, Economics News, Bankruptcy, Banking, Financial Services

11 hrs ago | Sacramento Business Journal

Wells joins BofA, others in accepting California IOUs; state sets interest at 3.75%

Wells Fargo and Chase said Thursday they will accept California IOUs from customers until July 10.

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Related Topix: California, Wells Fargo , Banking, Financial Services, San Francisco Metro, Sacramento Metro

Fri Jul 03, 2009

The South Mississippi Sun Herald

/C O R R E C T I O N -- Bank of America/

In the news release, Bank of America to Pay $713 Million in TARP Preferred Dividends, issued 02-Jul-2009 by Bank of America over PR Newswire, we are advised by the company that in the 13th and 14th paragraphs, the figure "$0.1916170" should read "$0.19167 -- Bank of America Corporation today said the Board of Directors has authorized approximately ...

Comment?

Related Topix: Banking, Financial Services, US News, US Treasury

BusinessWeek

BofA's asset management unit gets lukewarm bids: report

Bank of America Corp's primary investment management unit is drawing lower than expected bids after its likeliest suitor, BlackRock Inc , inked a blockbuster deal to buy Barclays Global Investor , the Financial Times reported, citing people close to the matter.

Comment?

Related Topix: Banking, Financial Services, BlackRock, Investment Services

KNDO - Yakima

Judge: Tamarack lifts, snow plow stay put for now

A judge declined to let Bank of America Corp. repossess two ski lifts from Tamarack Resort.

Comment?

Related Topix: Financial Services, Banking

Los Angeles Business Journal Online -...

City National Will Accept State's IOUs

City National Corp., the Beverly Hills parent of City National Bank, announced Thursday that it will accept IOUs issued by the state from its clients.

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Related Topix: Financial Services, City National, Banking, Beverly Hills, CA

Thu Jul 02, 2009

Tech Confidential Blog

Hiring: Bankers jump to Jefferies

Midsized investment bank Jefferies Group Inc. is aggressively hiring senior bankers, and it is in particular looking for talent in fixed-income, high-yield, investment banking, equity trading and overseas businesses -- often at the expense of larger rivals.

Comment?

Related Topix: Investment Banking, Financial Services, Jefferies Group, Investment Services, Banking

Charlotte.com

bofaearnings1

As BofA tries to sell Columbia Management, Bank of America, as announced in May, is exploring the sale of its Columbia Management investment firm, but "the process continues," the executives who oversees the unit said in an interview Tuesday.

Comment?

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

New York Post

House Panel To Grill Paulson Over Bofa

Former Treasury Secretary Henry Paulson will testify next month before a House committee that's investigating whether he and other government officials pressured Bank of America Corp.

Comment?

Related Topix: Financial Services, Banking, Business News

Wed Jul 01, 2009

Myphl17.com

SEC approves broad executive compensation rules, gives shareholders 'say on pay' at TARP firms

Executive-pay policies at bailed-out banks would face more scrutiny from shareholders under a proposed rule approved Wednesday by the Securities and Exchange Commission.

Comment?

Related Topix: Securities and Exchange Commission, Corporate / Securities Law, Law, Banking, Financial Services, Corporate Governance

The South Mississippi Sun Herald

Bank of America Announces Limited Acceptance of California...

SAN FRANCISCO, July 1 /PRNewswire/ -- Bank of America today issued the following statement regarding its decision to accept California state-issued registered warrants: "Bank of America recognizes the State of California budget crisis will impact our clients and customers.

Comment?

Related Topix: Financial Services, Banking

Tech Confidential Blog

Fifth Third, Advent complete processing JV

Fifth Third Bancorp and the private equity firm Advent International Corp. have completed their $2.35 billion processing joint venture.

Comment?

Related Topix: Banking, Financial Services, Fifth Third Bancorp

Seattle Times

Police arrest Fife bank robber after bomb scare

Police in Fife have arrested a man who robbed a Bank of America branch this morning.

Comment?

Related Topix: Fife, WA, Financial Services, Banking, Pierce County, WA

Tue Jun 30, 2009

Nu Wire Investor

Giving The Fed More Power: A Tough Sell For Obama

Evidence that the Fed may have abused its power to pressure Bank of America into acquiring Merrill Lynch could make it unlikely that congress will go along with Obama's plan to extend the Fed's regulatory power.

Comment?

Related Topix: Financial Services, Merrill Lynch and Co, Investment Services, Banking, US News, US Politics, 2008 Presidential Election, Ben Bernanke, Paul Kanjorski, US House of Representatives, Democrat

KTXL-TV Sacramento

AIG shareholders' meeting is relatively calm affair as CEO Liddy outlines repayment plans

American International Group Inc.'s annual shareholder meeting ended without drama Tuesday after a handful of shareholders voiced disappointment over the embattled insurer's near-collapse last fall.

Comment?

Related Topix: Insurance, American International Group, Banking, Financial Services, Great Neck, NY

The Boston Globe

Coalition to offer new bank reforms

Risky bank policies that contributed to the financial crisis were as common in neighborhood branches as they were on Wall Street, according to a labor-backed coalition that will propose new reforms today.

Comment?

Related Topix: Financial Services, Banking

TwinCities.com

National And International Report / Ford will raise third-quarter production by 25,000 units

Citing better-than-expected sales and traffic at dealerships, Ford Motor Co. said Monday it plans to increase third-quarter production by 25,000 units - marking the automaker's second production hike in recent weeks.

Comment?

Related Topix: Ford, Ford Focus, Lincoln, Dearborn, MI, Cable & Satellite, Comcast, Wireless, Emerging Technology, Banking, Financial Services

Mon Jun 29, 2009

Financial Planning

Brian Moynihan on the Integration of Merrill Lynch

Six months into one of the most scrutinized takeovers in recent memory, Bank of America Corp.

Comment?

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

Jacksonville Business Journal

BofA forms venture with First Data

Bank of America Corp. has formed a payment-processing venture with First Data Corp.

Comment?

Related Topix: Financial Services, Computers, First Data, Banking

KFOX

Bank Robber Hits Eastside Bank Of America

The FBI has labeled a man the "Chubby Robber," linking him to possibly two different bank robberies including one on Saturday.

Comment?

Related Topix: Financial Services, Banking, Horizon City, TX

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