Bank of America News
News on Bank of America (Ticker: BAC) continually updated from thousands of sources around the net.
2 hrs ago | The Washington Post
Corporate treasurers say a crackdown on money-market funds threatens to squeeze their access to the short-term financing they use for everything from paying the rent to meeting their payrolls.
7 hrs ago | Bloomberg
Chinese President Xi Jinping's anti-corruption drive has breached the highest ranks of power.
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.
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.
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.
Cousins Properties is under contract to purchase the Fifth Third Center office tower in uptown Charlotte for a record-setting number.
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.
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.
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.
'Preferred Rewards is the first program of its kind to offer clients benefits and rewards for everyday banking,' said .
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.
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.
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.
Precedent was thrown out the window and Citi was fined three to four times what its competitors were on a relative basis.
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.
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.
Updated: Thu Jul 31, 2014 09:04 am
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