Bank of America News
News on Bank of America (Ticker: BAC) continually updated from thousands of sources around the net.
12 hrs ago | Bloomberg
Toronto-Dominion Bank expects to be New York City 's third-largest lender by branches within two years, Chief Executive Officer Ed Clark said, surpassing Bank of America Corp. "We're still shooting to do it by 2016," Clark, 66, said today in a telephone interview. Most of the 37 U.S. branches TD Bank plans to add this year are in the city, he said, "so it's not like we're not doing it."
17 hrs ago | Reuters
Leaders of some of the biggest U.S. corporations, from Coca-Cola Co to Johnson & Johnson, unveiled a campaign on Tuesday to reduce the nation's healthcare costs, urging their peers to embrace wellness programs to improve employee health. The newly-formed group, called The CEO Council on Health and Innovation, said it came together "to lead the U.S. business community" in improving employee and community health and reducing costs.
21 hrs ago | Business Journal
Charlotte-based Bank of America and San Francisco-based Wells Fargo have both released the results of their mid-year stress tests. And to no surprise, both lenders appear to have adequate capital to survive an unexpected economic crisis.
23 hrs ago | Reuters
The company had previously earned about $3 billion a year in punitive fees such as overdraft charges on debit-card purchases and about $3 billion a year through the sale of identity theft, payment protection and other "add-on" products, Thong Nguyen, head of Bank of America's mass-market retail bank, told an investor conference in Boston. The bank ended the practice of charging consumers debit card overdraft fees in 2010 and had stopped marketing add-on products by 2012.
Yesterday | Seeking Alpha
We'd like to get started for the annual RBC Financial Services Conference. This year, like years past, we're going to do fireside chats and panels.
Yesterday | Business Journal
Huntington Bancshares Inc. has completed its purchase of 24 branch offices in Michigan from Bank of America Corp. , reflagging the facilities and products with Huntington branding over the weekend.
Yesterday | The Charlotte Observer
Albert-George Schram, conducting the Charlotte Symphony Orchestra, thanks the audience for staying and listening in the rain during Summer Pops "Celebrate America!" concert in July. A long-term deficit of $6.1 million remains for the Charlotte Symphony Orchestra, but President Bob Stickler and his team reversed a troubling trend..
Alex To, Morgan Stanley's chairman of China investment banking, is leaving to join Bank of America Corp. in a similar role, a person familiar with the matter said. To will be head of investment banking for China at Bank of America, the person said, asking not to be named because the move hasn't been announced.
The iShares Global Financials ETF is seeing unusually high volume in afternoon trading Monday, with over 331,000 shares traded versus three month average volume of about 26,000. Shares of IXG were trading flat on the day.
Raleigh, N.C.-based First Citizens BancShares Inc. was the only company that managed to break into the top 50 list of the largest U.S. banks and thrifts in the second quarter, following the company's June 10 announcement of its $676.4 million acquisition of Columbia, S.C.-based First Citizens Bancorp. Inc. The "big four" U.S. banks maintained positions, led by JPMorgan Chase & Co.
Earlier this month, Bank of America issued a brand new series of preferred stock . Its Series W non-cumulative preferred pays quarterly distributions of $0.4140625 in March, June, September, and December.
Anyone who reads my articles knows I've been pounding the table to buy Bank of America for a long time now. I have maintained that BAC's issues are transitory - although they have been a little less transitory than I'd hoped - and that we'd eventually see the company earning billions upon billions and a higher stock price.
Large corporations such as Bank of America Corp. and Wells Fargo & Co. are working to reduce the size of their real estate portfolios and do a better job of making use of the space they have, according to a panel of real estate executives who spoke at a recent CoreNet Global event at Carmel Country Club.
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. Lehman Brothers, the fourth-largest U.S. investment bank, succumbed to the subprime mortgage crisis it helped create with the biggest bankruptcy filing in history.
Bank of America Corp. , one of the few large banks that isn't working on Alibaba Group Holding Ltd.'s initial public offering, has found another way to make a buck on the deal. The Charlotte , North Carolina-based bank is giving investors a chance to bet on Alibaba's performance by offering them a product that uses the e-commerce company's largest shareholder, SoftBank Corp. , as a basis for approximating Alibaba's valuation.
Updated: Tue Sep 16, 2014 10:08 pm
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