Bank of America News
News on Bank of America (Ticker: BAC) continually updated from thousands of sources around the net.
6 hrs ago | Bloomberg
Bank of America Corp., the second largest U.S. lender, named Paul Simpson chief of its prime brokerage after Stuart Hendel left earlier this year.
8 hrs ago | The Globe and Mail
Investor skepticism toward mortgage investment corporations , while understandable, may obscure an opportunity to combine stable income with capital preservation at good prices.
9 hrs ago | The Washington Post
Bank of America Corp., the second- biggest U.S. lender, agreed to pay $16.6 million to resolve claims it processed transactions for drug traffickers.
14 hrs ago | Seeking Alpha
The trend in net interest income is a little worrying, but it should get better as the interest rates start to rise.
16 hrs ago | Business Journal
As a post-recession squeeze on finances has converged with technological advances, bank branch closures in the Triangle have hit record levels - and analysts say banks will continue to shutter branches.
Airbnb could play a pivotal role in financing boomers' retirement years, predicts Ken Dychtwald, an expert on aging who teamed up with Merrill Lynch on a retirement survey.
Tibco alleged that BAC copied $300 million worth of Tibco's enterprise level apps for a massive IT project, related to its Merrill Lynch operations.
"We rate BANK OF AMERICA CORP a BUY. This is driven by multiple 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.
My opinion on the company languishing until the share lock-up period expires is bolstered by the news, and my long-term thesis remains intact.
Q2 results for MS far exceeded the results of its main rivals BAC, JPM, and C; as well as Wall Street's overall expectations.
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Bank of America veteran Steve Boland has been named the new home-loans origination executive for the Charlotte-based bank, filling a newly created position overseeing sales and fulfillment nationwide.
The Guggenheim BulletShares 2015 Corporate Bond ETF is seeing unusually high volume in afternoon trading Tuesday, with over 2.9 million shares traded versus three month average volume of about 100,000.
U.S. small-business lender CIT Group Inc said it would buy regional lender OneWest Bank NA for $3.4 billion in cash and stock, its second deal in two months to boost its middle-market lending operations.
The consolidation is subject to acceptance for filing by the Canadian Securities Exchange .
The past three weeks have marked the biggest collective souring on high-yield bonds since last June, bringing an abrupt halt to the 10.4% return over the previous 10 months.
Updated: Thu Jul 24, 2014 07:40 pm
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