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Bank of America News

News on Bank of America (Ticker: BAC) continually updated from thousands of sources around the net.

37 min ago | Business Journal

Country's biggest banks incurred $70B in regulatory costs since financial crisis, report says

JPMorgan Chase & Co. and the country's next five largest banks have incurred costs of more than $70 billion from post-financial crisis regulation, according to a report from Federal Financial Analytics Inc. The so-called systemically important U.S. banks - JPMorgan , Bank of America Corp. , Citigroup Inc. , Goldman Sachs Group Inc. , Morgan Stanley ... (more)

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Related Topix: Banking, JP Morgan Chase , Financial Services, Goldman Sachs, Investment Services, Stanley, Wells Fargo

Fri Aug 01, 2014

Fox News

Why the Selloff? Who Knows?

One thing is clear: Traders started hitting the "sell" button during the middle of this week.

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Related Topix: Banking, Financial Services, Financial Markets, Business News

Seeking Alpha

Merrill Lynch And Countrywide Financial: Huge Thorns In The Side Of Bank Of America

BAC's Merrill Lynch and Countrywide Financial acquisitions continue to cause major problems with regards to unresolved mortgage-backed securities.

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Related Topix: Banking, Financial Services, Countrywide Financial, Home, Mortgage, Personal Finance, US News

Forbes.com

Weekly Market Wrap: August 1, 2014

The thirty first trading week of 2014 comes to a close with US markets flat to lower in late afternoon trading.

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Related Topix: Banking, Financial Services, Cable & Satellite, Media, Radio, Siri, Apple, Startups

Business Journal

Bank of America commits $5 million to Special Olympics

The Bank of America Charitable Foundation says it will spend $5 million to support the 2015 Special Olympics World Games in Los Angeles.

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Related Topix: Financial Services, Banking, Beverages, Coca-Cola Bottling Co.

Business Journal

Bank of America commits $5 million to Special Olympics

The Bank of America Charitable Foundation says it will spend $5 million to support the 2015 Special Olympics World Games in Los Angeles.

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Related Topix: Charitable Organizations, Special Olympics, Banking, Financial Services, Beverages, Coca-Cola Bottling Co., Marketing

Insurance Journal West

Hartford's McGee Discusses Company's Turnaround, Transformation

The Hartford Financial Services Group's Liam McGee, who stepped down as president and CEO on July 1 but will remain executive chairman until next year's shareholder meeting, spoke about the company's transformation at the second quarter earnings conference call Thursday.

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Related Topix: Hartford Financial Services Group, Insurance, Banking, Financial Services

Thu Jul 31, 2014

Seeking Alpha

What Bank Of America Shareholders Might Be Missing

Every Bank of America investor dreams of the day when litigation fees and legacy issues subside to unlock the bank's true earnings power.

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Related Topix: Financial Services, Banking, Wells Fargo

Mortgage News Daily

BofA on Brink of Burying Countrywide Woes as Accord Near - Bloomberg

Bottom Right Default State Name: State Name underscore: State Name dash: State Name lower underscore: State Name lower dash: State Name lower: State Abbreviation: State Abbreviation Lower: It is a continuously updated stream of news from around the web Visit throughout the day for the latest breaking news.

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Related Topix: Banking, Financial Services, Home, Mortgage, Personal Finance, Foreclosures

The Washington Post

Fund Rule Seen Triggering Commercial Paper Jam: Credit Markets

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.

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Related Topix: FMC, Energy, Great Plains Energy, Chemicals, Securities and Exchange Commission, Corporate / Securities Law, Law, US Securities and Exchange Commission, Financial Services, Banking, Business News

Bloomberg

Zhou Probe Signals China Tackling Obstacles to Reforms

Chinese President Xi Jinping's anti-corruption drive has breached the highest ranks of power.

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Related Topix: World News, China, Asia, Xi Jinping, Banking, Financial Services

The Washington Post

Argentina's Default Clock Runs Out as Debt Negotiations Collapse

With Standard & Poor's saying Argentina is in default and last-minute plans to remedy the situation falling through, investor focus is turning to whether holders of $29 billion of bonds will demand immediate repayment.

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Related Topix: Financial Markets, Financial Services, Banking, Business News

Wed Jul 30, 2014

The Washington Post

Wall Street Facing New U.S. Scrutiny of Derivatives Tactic

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.

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Related Topix: Corporate / Securities Law, Law, Goldman Sachs, Financial Services, Investment Services, Banking, Stanley, US Politics, US News, US House of Representatives, Democrat, Maxine Waters, California

Barron's

Evening Wrap: BAC, Amgen Rally

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.

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Related Topix: Biotech, Medicine, Amgen, Healthcare Industry, Banking, Financial Services, Mortgage, Personal Finance

National Mortgage News

B of A Said to Near U.S. Mortgage Accord After Raising Offer

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.

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Related Topix: Home, Mortgage, Personal Finance, Accord, NY, Banking, Financial Services

Business Journal

Cousins Properties to buy Fifth Third Center for record number

Cousins Properties is under contract to purchase the Fifth Third Center office tower in uptown Charlotte for a record-setting number.

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Related Topix: Real Estate, Cousins Properties, Financial Services, Banking

Reuters

Bank of America ordered to pay $1.27 bln for Countrywide fraud

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.

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Related Topix: Banking, Financial Services, Home, Mortgage, Personal Finance, North Carolina

TheStreet.com

Bank of America (BAC) Stock Rises After Federal Judge's Mortgage Case Ruling

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.

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Related Topix: Banking, Financial Services, Home, Mortgage, Personal Finance, TheStreet, Financial Markets, Business News

Business Journal

Bank of America ordered to pay $1.3B fine in mortgage 'Hustle' case

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.

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Related Topix: Banking, Financial Services, Home, Mortgage, Personal Finance

Hispanic Business

Bank of America Changes the Game With Preferred Rewards

'Preferred Rewards is the first program of its kind to offer clients benefits and rewards for everyday banking,' said .

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Related Topix: Financial Services, Banking

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