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Bank of America News

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

2 hrs ago | Sys-Con Media

BacTech Eliminates Debt Through Issuance of Common Shares

The total outstanding debt of $1,337,146 as of July 31, 2014 will be paid by the issuance of 26,742,934 common shares of the Company at a price of $0.05 per common share.

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Related Topix: Banking, Financial Services, Essex County, England, United Kingdom, World News, Greater London County, England, Social Software

6 hrs ago | Reuters

Ex-Bank of America trader avoids prison in muni bond case

A former Bank of America Corp derivatives trader who pleaded guilty to conspiring to falsify documents was spared prison on Friday after spending years helping the government probe bid-rigging in the $3.7 trillion municipal bond market.

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Related Topix: Banking, Financial Services, Securities and Exchange Commission, Corporate / Securities Law, Law, Home, Mortgage, Personal Finance

10 hrs ago | PE Hub

SunTrust Robinson Humphrey hires four to capital markets team

SunTrust Robinson Humphrey has hired four finance industry executives to its capital markets team.

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Related Topix: Financial Services, Banking, REIT, Personal Finance

Thu Jul 24, 2014

Bloomberg

Bank of America Names Paul Simpson Global Prime Brokerage Chief

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.

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Related Topix: Financial Services, Banking, North Carolina, US News

The Globe and Mail

Alternative to REIT sector has eye-popping yields

Investor skepticism toward mortgage investment corporations , while understandable, may obscure an opportunity to combine stable income with capital preservation at good prices.

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Related Topix: Home, Mortgage, Personal Finance, REIT, Banking, Stora Enso, Paper, Financial Services, Retail, Target

The Washington Post

BofA Fined Over U.S. Claims Bank Had Drug Traffickers as Clients

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.

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

Seeking Alpha

Bank Of America Is Still An Attractive Pick

The trend in net interest income is a little worrying, but it should get better as the interest rates start to rise.

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

Business Journal

Triangle banks cut branches as technology sprouts

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.

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Related Topix: North Carolina, Financial Services, Banking

American Reporter

The WilliesIS it All Over but the Crisis?

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.

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Related Topix: Home, Mortgage, Personal Finance, Economics News, Subprime Mortgage Crisis, Bankruptcy, Banking, Financial Services

Wed Jul 23, 2014

Business Journal

Airbnb might finance retirement, Bank of America's Merrill Lynch tells clients

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.

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Related Topix: AirBnB, Banking, Financial Services, Home, Mortgage, Personal Finance, Wells Fargo

Seeking Alpha

Did Bank Of America Breach Agreement With Tibco Software?

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.

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Related Topix: Banking, Financial Services, Kabira Technologies, Startups, Tibco Software, OpenSpirit, Loyalty Lab, TIBCO Software

TheStreet.com

Why TheStreet Ratings Team Rates Bank of America (BAC) Stock a 'Buy'

"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.

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Related Topix: TheStreet, Financial Services, Banking, Financial Markets

Seeking Alpha

Bank Of America Downgrades King Digital

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.

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Related Topix: Financial Services, Banking

Seeking Alpha

Why Index-Beating Funds Loaded Up On Banks

More than five years into the recovery and all is clearly not forgiven between the major U.S. banks and investors.

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Related Topix: Banking, Financial Services, CitiMortgage, Citigroup, JP Morgan Chase , Wells Fargo , Home, Mortgage

Tue Jul 22, 2014

Seeking Alpha

Morgan Stanley Jumps On Earnings, Building Foundation For Lasting Growth

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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Related Topix: Stanley, Investment Banking, Financial Services, Morgan Stanley, Banking, JP Morgan Chase

American Banker

Six More Banks Join Swift's 'Know Your Customer' Registry Initiative

SourceMedia's Partner Insights program enables marketers to deliver relevant content and insights directly to the American Banker audience via SourceMedia's digital media platforms.

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Related Topix: SourceMedia, Barclays plc, Banking, Financial Services

Business Journal

Bank of America picks Countrywide vet Steve Boland to run home-loans unit

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.

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

Forbes.com

Tuesday's ETF with Unusual Volume: BSCF

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.

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Related Topix: Banking, Financial Services, Insurance, Marsh and Mclennan Companies, Financial Markets

Reuters

UPDATE 1-CIT to buy OneWest Bank to boost middle-market lending business

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.

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Related Topix: CIT Group, Financial Services, Merrill Lynch and Co, Investment Services, Banking, Mortgage, Personal Finance

Forbes.com

Week Ahead Market Report: July 21, 2014

The US markets are slightly lower this afternoon, with the Dow down 0.17%, the S&P lower by 0.15% and the Nasdaq flat.

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Related Topix: Financial Markets, Plug Power, Electronics, Startups, Facebook, Banking, Financial Services

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