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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 | SchaeffersResearch.com

Options Radar: Bank of America Corp, Cisco Systems, Inc., and FireEye

The stock is on pace to end the week with a 6.4% gain, and call options are flying off the shelves at three times the typical intraday rate.

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Related Topix: Startups, Cisco Systems, Banking, Financial Services, Day Trading, Financial Markets, Personal Finance

Fri Aug 22, 2014

Forbes.com

Weekly Market Wrap: August 22, 2014

Our mission at Market News Video is to produce and distribute quality online videos about the stock markets and publicly traded companies.

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Related Topix: Banking, Financial Services, Financial Markets, Apple, Startups, Manufacturing, Northrop Grumman, Aerospace-Defense

Reuters

Goldman Sachs, U.S. agency in mortgage settlement worth $1.2 billion

Goldman Sachs Group Inc has agreed to a settlement worth $1.2 billion to resolve a U.S. regulator's claims the bank sold Fannie Mae and Freddie Mac faulty mortgage bonds, the regulator announced Friday.

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Related Topix: Goldman Sachs, Financial Services, Investment Services, Home, Mortgage, Personal Finance, Cohen Group, Consulting, Financial Markets, Banking

National Review Online

Larry Kudlow: The Obama Bank Shakedown

Kovacevich is the former Wells Fargo chairman and CEO. I've known him for years.

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

Russia Taday

Wall Street wins again: Bank of America settlement with US gov't is insufficient, critics say

While the US government touted its "record" settlement reached this week with Bank of America for mortgage fraud that helped fuel the 2008 recession, the details of the agreement indicate yet another light punishment for an offending Wall Street titan.

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

TheStreet.com

Why Bank of America (BAC) Stock Is A 'Buy' At TheStreet

"We rate BANK OF AMERICA CORP a BUY. This is driven by some important positives, 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: Financial Services, Banking, Financial Markets

Seeking Alpha

Bank Of America Wins By Losing

The company is now free to focus its efforts on banking and making money for shareholders rather than constant litigation.

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

Trader Mike

STTG Market Recap August 21, 2014

Despite short term overbought conditions the markets are holding up and not really coming in.

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Related Topix: Banking, Financial Services, e-dialog, Hunch, eBay, Startups, GSI Technology, Magento

Thu Aug 21, 2014

National Mortgage News

B of A to Pay $245 Million to Close SEC Mortgage Probes, Plans Bond Sale

Bank of America Corp. will pay $245 million to settle U.S. Securities and Exchange Commission allegations that it failed to disclose rising mortgage losses and the risks of bonds tied to home loans.

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

Reuters

UPDATE 1-New York, California reap mini-bonanza from Bank of America settlement

A clutch of states including California, New York and Illinois will share in a mini-bonanza from the $16.65 billion settlement agreed by Bank of America Corp on Thursday.

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

Business Journal

Duly Noted: Medical marijuana industry town hall drew hundreds

Bloomberg's Adam Johnson examines Bank of America's sixteen-point-seven-billion dollar settlement in mortgage probes.

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Related Topix: Marijuana, Banking, Financial Services, Home, Mortgage, Personal Finance, Trucking, United Parcel Service, Air Courier, Transportation

National Mortgage News

What Bank of America's Settlement Means

Community Builder or Divider? Homeownership's Pluses and Minuses The benefits of homeownership are often cited in policy debates, though it has some downsides.

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Related Topix: Banking, Financial Services, George Mason University, Home, Mortgage, Personal Finance, US News

Bloomberg

BofA Seeks to Prove Buffett Right After Record Settlement

Bank of America just announced it will pay the largest settlement in U.S. history for its role in selling toxic mortgage securities.

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Related Topix: Banking, Financial Services, Home, Mortgage, Personal Finance, Warren Buffett, Evansville, IN, US News

KOLD-TV Tucson

Bank of America agrees to nearly $17B settlement

Police records show that 163 arrests have been made in the Ferguson protest zone since the shooting death of 18-year-old Michael Brown, but just seven are residents of the St. Louis suburb.

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Related Topix: Banking, Financial Services, Ferguson, MO, Violent Crime, Bob McDonnell, US Governors

USA Today

Bank of America pays record $16.65B penalty

Bank of America has agreed to pay $16.65 billion to settle more than a dozen cases and investigations into its sales of risky, mortgage-backed securities to investors before the national financial crisis.

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

Forbes.com

Bank Of America Settles With Uncle Sam Over Mortgages For Nearly $17B

I started covering markets at Forbes in the summer of 2007. Right around then a pair of Bear Stearns hedge funds imploded in the first tremors of the financial crisis, but I swear the recession isn't my fault.

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Related Topix: Banking, Financial Services, Home, Mortgage, Personal Finance, Publishing, Media, Forbes, Investment Banking, Bear Stearns, WebMD

Daily Kos

Bank of America Cuts $16 Billion "Keep Our Executives Out Of Jail" Deal

Well, this is just more of the same. Shareholders and customers pay the tab for greed and incompetence--and the Administration goes along.

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

Seeking Alpha

Wall Street Breakfast: BofA Expected To Pay $16.5B Mortgage Settlement

Economy After a year-long blockade, Libya has restarted oil exports from its largest port, resolving some mistrust between rebel leaders and the government.

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Related Topix: Home, Mortgage, Personal Finance, World News, OPEC (Organization of the Petroleum Exporting Countries), Financial Markets, Banking, Financial Services, Dollar Tree Stores, Retail

Reuters

UPDATE 1-Market Chatter-Corporate finance press digest

* Pfizer Inc isn't giving up on striking an overseas takeover to cut its tax rate and gain a new pipeline of drugs, even as the potential cost of acquiring AstraZeneca Plc rises, Bloomberg reported.

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Related Topix: Drugs, Startups, Bain Capital, Banking, Financial Services, Exxon Mobil, Energy, Oil & Gas, Baton Rouge, LA

Wed Aug 20, 2014

Reuters

JPMorgan, BofA to raise junior banker pay by 20 percent: sources

JPMorgan Chase & Co and Bank of America Corp are planning to hike salaries of junior employees by at least 20 percent, people familiar with the proceedings said.

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Related Topix: Banking, Financial Services, JP Morgan Chase , Goldman Sachs, Investment Services, Citigroup

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