Bank of America News
News on Bank of America (Ticker: BAC) continually updated from thousands of sources around the net.
1 hr ago | Business Wire
This is the first time in the history of the Euromoney awards that any firm has simultaneously won both awards.
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4 hrs ago | The Motley Fool
Over the past several years, many U.S. banks have been closing branches in an effort to improve efficiency of operations and to encourage customers to do more of their banking through mobile devices.
4 hrs ago | Business Journal
Don't panic. Bank of America isn't leaving town. Neither is Wells Fargo . But trends tell us it's probably time to start thinking about a post-Banktown Charlotte.
6 hrs ago | Seeking Alpha
Not very good, if you look at the track record of their additions and subtractions to the Index over the last 20 years.
9 hrs ago | Bloomberg
The fifth anniversary of the U.S. economic expansion will usher in a rare boon: growth exceeding 3 percent over a nine-month period, a Bloomberg survey of economists shows.
13 hrs ago | Seeking Alpha
It's estimated that Citibank will pay a $7 billion dollar fine for its shoddy mortgage practices before the financial crisis.
Charlotte's two big-bank employers are set to report quarterly earnings, once again shining a light on the health of their businesses and on the U.S. economy as a whole.
Attorney General Eric Holder has formally refused to meet with Bank of America Corp Chief Executive Brian Moynihan to hammer out a multibillion-dollar deal, as talks to resolve probes into shoddy mortgage securities sold by the bank and its units remain at a standstill, according to people familiar with the matter.
A quarterly cash dividend of $0.38775 per depositary share on the 6.204 percent Non-Cumulative Preferred Stock, Series D, is payable on September 15 to shareholders of record as of August 29. A quarterly cash dividend of $0.25556 per depositary share on the Floating Rate Non-Cumulative Preferred Stock, Series E, is payable on August 15 to ... (more)
They say the wheels of justice spin slowly, but they never said they spin fairly, or for Citigroup , cheaply.
The firm set a price target of $18 for the bank with an "equal weight" rating. Barclays analysts lowered its second quarter estimates to 29 cents a share from 31 cents a share.
Mario Draghi is undermining his own plan to support asset-backed debt as he floods banks with cheap money, according to Morgan Stanley and Bank of America Corp., prompting them to cut forecasts for sales of the securities.
Background: Bank of America is one of the world's leading financial services companies.
He also has experience working in financial services and public relations and as a commercial lender at Bank of America.
In 2012, Fortune Magazine named Bank of America CEO Brian Moynihan as one of the worst performing chief executives in the United States.
According to a report from the Bank of America Corp., the U.S. is projected to remain the top producer of 2014 because domestic output is forecast to increase and production growth outside the U.S. has been lower than anticipated.
Bloomberg reported on July 4 that the U.S. will remain the world's biggest oil producer this year after overtaking Saudi Arabia and Russia, as extraction of energy from shale rock spurs the nation's economic recovery, according to Bank of America Corp. .
Updated: Thu Jul 10, 2014 04:18 pm
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