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Bank of America News

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

29 min ago | Seeking Alpha

Will High-Frequency Scrutiny On Bank Of America Matter?

After its earnings, Bank of America has traded a bit cautiously. However, this is on the heels of 35% gains for the mega-bank that it has posted over the past year.

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Related Topix: Banking, Financial Services, Providence, RI

29 min ago | Seeking Alpha

Bank Of America: Another Sham Lawsuit Has Potentially Grave Implications

The suit claims the defendants rigged securities markets over the past five years, naming dozens of large players in the industry.

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

1 hr ago | Reuters

Goldman loses four Asia prime brokerage execs to rivals- sources

Prime brokers cater exclusively to hedge funds, clearing trades and lending money.

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Related Topix: Goldman Sachs, Financial Services, Investment Services, Banking

3 hrs ago | AmericanBankingNews.com

Bank of America Short Interest Down 6.6% in March

Bank of America was the target of a large drop in short interest during the month of January.

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Related Topix: Financial Services, Banking, Stanley

5 hrs ago | jdsupra.com

Orrick, Herrington & Sutcliffe LLP

On April 17, the SEC issued a proposed rule on recordkeeping , reporting and notification requirements for security-based swap dealers and major security-based swap participants .

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Related Topix: Orrick Herrington and Sutcliffe, Law, Home, Mortgage, Personal Finance, Kaplan, Education, Banking, Financial Services

Tue Apr 22, 2014

Mortgage News Daily

Non-QM Loan Webinar; TD Bank's No MI Program; New Jumbo Program From ResMac

Here's a little trivia for you. This week I am in Minnesota and Kansas, but 4,000 miles away not a single one of the country's ten biggest banks, including Bank of America, Chase, Citi, and Wells Fargo, has a retail location in Hawaii! The cost of doing business apparently isn't worth it for large banks, especially since Hawaii is a relatively ... (more)

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Related Topix: Kansas, Banking, Financial Services, Marketing, Home, Mortgage, Personal Finance, Social Security

Reuters

BAML promotes Probert to head global capital markets

Jim Probert, a 20-year veteran at Bank of America Merrill Lynch, has been promoted to be the new head of global capital markets at the bank.

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Related Topix: Financial Services, Banking, Marketing

Reuters

Ex-Bank of America employee avoids punishment in bid rigging case

A former senior vice president at Bank of America Corp who became a cooperating witness in the U.S. government's probe of bid-rigging in the $3.7 trillion municipal bond market avoided prison time or other punishment at his sentencing on Tuesday.

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Related Topix: Banking, Financial Services, Beverly Hills, CA

The Washington Post

Barclays Plans to Exit Most Worldwide Commodities Activities

Barclays Plc said it will withdraw from most of its global commodities activities, joining banks from JPMorgan Chase & Co.

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Related Topix: Stanley, Banking, Financial Services, Deutsche Bank AG, Business News

Seeking Alpha

Bank Of America Should Copy Warren Buffett To Unlock Billions In Value

A simple press release stating a line in the sand would go a long way towards unlocking value in BAC shares.

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Related Topix: Banking, Financial Services, Warren Buffett, Construction, Berkshire Hathaway, Investment Services

Chambersburg Public Opinion

Franklin County deed transfers

Chambersburg >> The following deed transfers are public record in the Franklin County Register and Recorder's office.

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Related Topix: Franklin County, PA, Chambersburg, PA, Home, Mortgage, Personal Finance, Financial Services, Banking, Opinion

Investopedia

Why I Will NEVER Buy Another Bank Stock

My grandmother, a schoolteacher, was widowed at a relatively early age. She inherited a relatively small nest egg my grandfather, a rabbi, had built that included a couple of municipal bonds and 90 shares of stock in a small local bank started by a handful of his #-ad_banner-#At the time of her death 40 years later, the bank had grown into one of ... (more)

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

Mon Apr 21, 2014

Business Journal

Banks Street Partners investment bank grows in Charlotte

Atlanta-based Banks Street Partners, a Southeastern investment bank serving financial institutions, has hired Matt Kennedy as an associate in its Charlotte office.

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Related Topix: Financial Services, Banking

Dealbreaker

Merrill Lynch Brokers Are Going To Have To Wake Up A Lot Earlier If...

Merrill Lynch is dangling a new incentive in front of its brokers by creating a "recognition club" for those who bring in $8 million or more a year from clients, more than doubling the top goals set by its securities industry rivals.

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Related Topix: Financial Services, Banking

The Motley Fool

The Surprising Way Citigroup Inc Topped Bank of America Corp and Wells Fargo & Co

The 1 core number I'm talking about net interest margin. This is the difference between what a bank is able to earn from loans and what it in turn pays out on deposits and other sources of funding .

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Related Topix: Startups, Mach One, Institutional Venture Partners, Banking, Financial Services, Citigroup, Wells Fargo

Seeking Alpha

Will Bank Of America's Real Estate Unit Survive?

Since it was first reported as a separate unit , CRES has logged nothing but losses.

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

Seeking Alpha

Investing In America: Part 1

In this 4-part series, we will review 4 individual stocks that are U.S.-based and overwhelmingly U.S.-centric.

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Related Topix: US Bancorp, Banking, Financial Services, Financial Markets, Multistat, Wells Fargo , JP Morgan Chase

MarketWatch

High-frequency traders are subpoenaed and sued - and more banking reads

Happy Monday-after-Easter. Here's your morning banking roundup: High-frequency traders get subpoenaed and sued, insider-trading convictions are tested and Citi doesn't want to share its shareholder meeting.

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Related Topix: Providence, RI, Banking, Financial Services

Forbes.com

Bank of America Sees Strong Operational Improvement Despite Q1 Loss

Bank of America reported an unexpected loss for the first quarter by setting aside billions in legal reserves in a move that is reminiscent of the kitchen-sink approach which competitor JPMorgan Chase pulled off in the third quarter of 2013.

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

Seeking Alpha

Morgan Stanley Shines, Amid Dull Results From J.P. Morgan, Bank Of America

MS surprised investors by posting better-than-expected earnings for the first quarter, in stark contrast to J.P. Morgan and Bank of America's poor earnings.

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

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