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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 | The Charlotte Observer

Former BofA CFO reaches $7.5 M pact with N.Y. attorney general

Former Bank of America Chief Financial Officer Joe Price has reached a $7.5 million settlement with the New York attorney general’s office to resolve allegations related to the Charlotte bank’s 2009 Merrill Lynch acquisition.

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Related Topix: Banking, Financial Services, Merrill Lynch and Co, Investment Services, Andrew Cuomo, US Governors

3 hrs ago | Politico

Why Scott Brown can't count on Wall Street

In his first two campaigns for the Senate, Scott Brown could count on the lock-step support of Wall Street - first in his campaign to deprive Democrats of the 60-seat majority, and then as the man standing between bank-bashing Democrat Elizabeth Warren and high office.

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Related Topix: Scott Brown, US News, US Senate, Republican, US Politics, Democrat, Senator Jeanne Shaheen, Senator Elizabeth Warren, John Sununu, Banking, Financial Services

7 hrs ago | Business Wire

Bank of America Names Laughlin President of Strategic Initiatives, Greener Chief Risk Officer

Geoffrey Greener, Enterprise Capital Management executive, will become chief risk officer.

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Related Topix: Financial Services, Banking, Small Business, Personal Finance

7 hrs ago | Seeking Alpha

Bank Of America: Buy At Current Discounted Price

Legal payments and settlements have totaled $50 billion since the financial crisis, and it is hard to say when these challenges will come to an end.

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

7 hrs ago | The Hartford Courant

U.S. Justice Department seeks over $13 billion from BofA: Bloomberg

By Aruna Viswanatha, Karen Freifeld and Peter Rudegeair - The U.S. Department of Justice is asking Bank of America Corp to pay more than $13 billion to settle allegations the bank overstated the quality of mortgage bonds it sold during the housing bubble, according to Bloomberg News .

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

10 hrs ago | Business Journal

No prison time, fines for former Bank of America exec in bond-rigging probe

A former executive for Bank of America Corp. will receive no prison time, fines or other punishment after cooperating as a witness in a federal bond-rigging investigation, Reuters reported this week .

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Related Topix: Financial Services, Banking, Reuters

13 hrs ago | Bloomberg

Being Wrong on Long Bonds Cost Buyers Up to 30% This Year

Who knew buying these assets would be the way to go as the Federal Reserve cuts back on its debt purchases? Two exchange-traded funds managed by Pacific Investment Management Co.

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Related Topix: Financial Markets, Financial Services, Banking

22 hrs ago | American Reporter

ConstanceCELEBRATING IKE

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 Apr 23, 2014

The Charlotte Observer

Fired CertusBank executives file lawsuit protesting dismissals

Three of the co-founders of CertusBank, who were fired earlier this month after investors raised concerns over spending, have filed a federal lawsuit protesting their dismissals.

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Related Topix: Banking, Financial Services

Reuters

UPDATE 1-Chobani secures $750 million investment from TPG

Chobani said on Wednesday it has received a $750 million investment from private equity firm TPG, in a move that will spare the Greek yogurt company from a serious cash crunch, according to several people familiar with the matter.

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Related Topix: New Berlin, NY, Berlin, NY, Banking, Financial Services, Reuters, Edmeston, NY

Digital Game Developer

Galaxy Gaming Successfully Resolves Lawsuit With Bank of America

Galaxy Gaming, Inc. , the world's largest independent producer of casino table games, announced today it received from the Clark County District Court a Notice of Entry of Order dismissing the lawsuit between the Company and Bank of America .

Comment?

Related Topix: Banking, Financial Services, Foreclosures

Seeking Alpha

Sterling Strengthens The Business, But Umpqua Not Exactly Cheap

Umpqua has completed the acquisition of Sterling, a virtual merger of equals that adds significant scale in the Pacific Northwest.

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Related Topix: Banking, Umpqua Holdings, Financial Services, US Bancorp, Wells Fargo , California, Mortgage, Personal Finance

WINK-TV Fort Myers

Teen accused of holding up mother & young son at bank

PORT CHARLOTTE, Fla.- Charlotte County Sheriff's detectives have charged a Port Charlotte teen with armed robbery, after an incident that occurred at a local bank drive-thru yesterday evening.

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Related Topix: Port Charlotte, FL, Charlotte County, FL, Banking, Financial Services

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

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

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

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

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

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