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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.
Most actively traded stocks include Bank of America down 0.39%, MGIC Investment lower by 9.74%, Facebook up 2.35%, General Electric up 1.32% and Apple about flat.
Hospital prices grew 2.1 percent, ... )--Summit Hotel Properties, Inc. today announced the three recently acquired Southern California assets have transitioned and are now manage... )--Research and Markets has announced the addition of the "China Air Compressor Industry Report, 2014-2017" repor...
"We rate BANK OF AMERICA CORP a BUY. This is driven by a number of 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.
The DoJ is simply trying to make an example of Citi but the fine is disproportionate to the actions being punished.
The practice of dipping into funds set aside for bad loans, known as releasing loan-loss reserves, has helped the industry weather weak loan demand and lower fee income.
Bank of America Corp. 's Merrill Lynch appointed Akihiko Manaka to lead its mergers and acquisitions advisory business in Japan .
Bank of America Corp has appointed Mayank Saxena as head of its Southeast Asia financial institutions group , the latest in a spurt of investment bank hires in the financials sector amid a surge of dealmaking in Asia by banks and insurers.
Bank of America Corp has appointed Mayank Saxena as head of its Southeast Asia financial institutions group, the U.S. bank said in an internal memo seen by Reuters on Friday.
Brian Moynihan, CEO of Charlotte-based Bank of America , won't be meeting with U.S. Attorney General Eric Holder on settling the feds' probe into the bank's sale of shoddy mortgage securities, Reuters reports.
This is the first time in the history of the Euromoney awards that any firm has simultaneously won both awards.
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.
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.
Not very good, if you look at the track record of their additions and subtractions to the Index over the last 20 years.
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.
It's estimated that Citibank will pay a $7 billion dollar fine for its shoddy mortgage practices before the financial crisis.
Updated: Sat Jul 12, 2014 02:39 am
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