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Bank of America News

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

1 hr ago | 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

11 hrs ago | 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

Mon Jul 21, 2014

Sys-Con Media

Shareholders of BacTech Approve Share Consolidation

The consolidation is subject to acceptance for filing by the Canadian Securities Exchange .

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Related Topix: Banking, Financial Services, Social Software

InvestmentNews

Investors getting scared of junk bonds

The past three weeks have marked the biggest collective souring on high-yield bonds since last June, bringing an abrupt halt to the 10.4% return over the previous 10 months.

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Related Topix: Financial Markets, Financial Services, Banking

Wall St. Cheat Sheet

Why Are Banks Refusing to Transfer Your Money Abroad?

Large financial institutions like Bank of America , HSBC , Citigroup , and JPMorgan Chase have dealt an expensive blow to immigrants and their families.

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Related Topix: Banking, JP Morgan Chase , Financial Services

National Mortgage News

B of A Puts Countrywide Vet in Charge of Mortgage Lending

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, Banking, Financial Services, Countrywide Financial

Business Journal

'It's OK to make a lot of money' and other no-nonsense advice from Tory Burch Foundation mentors

"Keep your optimism. You're going to need it. The glass is still half full," said Moira LoCascio, Tory Burch Foundation mentor and CEO of Charlotte-based consulting firm McLaughlin Young Group.

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Related Topix: Financial Services, Banking

Forbes.com

Interesting May 2015 Stock Options for Bank of America

Consistently, one of the more popular stocks people enter into their stock options watchlist at Stock Options Channel is Bank of America Corp. .

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Related Topix: Financial Services, Banking, Financial Markets

BroadwayWorld.com

Blumenthal Performing Arts' Christmas in July Special Begins 7/25

Blumenthal Performing Arts is bringing some early holiday spirit to show fans with the "Christmas in July" special starting Friday, July 25. Single tickets to some of the most exciting shows and special attractions coming to Charlotte will be on sale to the public.

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Related Topix: Financial Services, Banking

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