Bank of America News
News on Bank of America (Ticker: BAC) continually updated from thousands of sources around the net.
2 hrs ago | Bloomberg
Bank of America Corp. 's global prime brokerage head, Stuart Hendel, is leaving the company, according to a person with direct knowledge of the move.
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6 hrs ago | Reuters
Bank of America Corp on Tuesday named Rodrigo Xavier as the top executive for its wholesale and investment banking unit in Brazil, where the second-largest U.S. lender has enjoyed fast growth in recent years.
11 hrs ago | Reuters
Merrill Lynch, whose army of stockbrokers has shrunk almost 15 percent since it was bought by Bank of America Corp five years ago, replaced or transferred more than a dozen of its senior sales executives last week as it seeks to increase productivity.
15 hrs ago | Business Journal
Bank of America plans to cut more than 80 mortgage-related jobs in North Texas by mid-April, according to notices received by the Texas Workforce Commission .
19 hrs ago | Minyanville
China showed its first trade deficit in the past two years in February, and one of the few deficits since the country began tracking the data.
The bank still ranks in the riskiest half of 223 "diversified financials" in the U.S. from a default risk perspective.
Bank of America is cutting 114 employees from its North Texas mortgage division, according to the Texas 2014 Worker Adjustment and Retraining Notification.
Chobani, the Greek yogurt maker that has grown into a U.S. sensation, is looking to sell a minority stake in a deal that could value the company at around $2.5 billion, people familiar with the matter said.
JPMorgan Chase & Co. has had a quiet start to 2014. The stock closed 2013 at $58.48 , and is at $59.09 as of this writing.
Bank of America Corp is bucking broad-market trend lower this afternoon, and was last seen up 0.5% to trade at $17.41.
But his New York-based co-chief operating officer Thomas Montag , who leads the bank's commercial banking and Wall Street businesses, stands to make $15.5 million.
Back in the days when Hollywood released more films than were nominated for Best Picture awards, society was struggling still with the "redeeming social value" standard for what was and was not considered obscene.
Bank of America's "Safe Balance" initiative is aimed at enhancing long-term revenue while charging a monthly fee of $4.95 on low balance checking accounts.
Meanwhile, Moynhan has spent years in the banking business -- running Bank of America's wealth management, investing banking, and consumer opertations before taking the helm as CEO.
The Dow Jones Industrial Average is climbing back to its all-time high of 16,576.55 set on December 31, 2013.