Bank of America News (NYSE:BAC)

DateTimeSource
Headline
03/29/20176:18PMDJNMerrill Lynch Restructures Leadership--Update
By Michael Wursthorn Merrill Lynch wants its herd thundering again. Bank of America Corp.'s brokerage arm is thinning some of its executive ranks and shuffling others in an effort to get brokers collecting more assets and producing more revenue, according to a memorandum viewed by The Wall Street Journal. Merrill... More...>>
03/28/20177:33PMDJNJudge Fines Bank of America $45 Million for 'Heartless' Treatment of Mortgage Borrowers
By Katy Stech A bankruptcy judge issued a $45 million fine against Bank of America Corp., calling the bank's treatment of a California couple who fought to save their home "brazen" and "heartless." Judge Christopher Klein of the U.S. Bankruptcy Court in Sacramento said the bank's mortgage... More...>>
03/28/20173:02AMDJNBanks Aim to Trim the Fat -- WSJ
'Project Scalpel' envisions joint system for processing trades, eliminating duplication By Telis Demos and Liz Hoffman Big banks have cut more than $40 billion of costs since the financial crisis. They aren't done. While prospects for revenue growth at banks have brightened since the election, a handful... More...>>
03/17/20172:54PMDJNGoldman Chief Blankfein Took 4% Pay Cut for 2016--Update
By Liz Hoffman Goldman Sachs Group Inc.'s board cut Chief Executive Lloyd Blankfein's pay by 4% and tied more of it to how the bank does for its investors, a sign that even the powerful and profitable Wall Street firm isn't immune from investor pressure. Mr. Blankfein received $22 million in total pay for... More...>>
03/14/20173:04PMDJNBank of America's Gary Lynch, Former General Counsel, to Retire -- Update
By Christina Rexrode Gary Lynch, a vice chairman at Bank of America Corp. and the former general counsel, is retiring. Chief Executive and Chairman Brian Moynihan said in a note posted to employees Tuesday that Mr. Lynch would retire April 1. His departure marks what Mr. Moynihan and others hope is a turning point for... More...>>
03/14/20171:54PMDJNBank of America's Gary Lynch, Former General Counsel, to Retire
By Christina Rexrode Gary Lynch, a vice chairman at Bank of America Corp. and the former general counsel, is retiring. Chief Executive and Chairman Brian Moynihan said in a note posted to employees Tuesday that Mr. Lynch, 66, would retire April 1. His departure marks what Mr. Moynihan and others hope is a turning point... More...>>
03/02/20173:02AMDJNBanks' Brighter View Drives Stocks -- WSJ
By Liz Hoffman Bank stocks reached their highest point in nearly 10 years on Wednesday, building on postelection gains that reflect hopes firms will soon shake free the shackles of stringent regulation, superlow interest rates and sluggish economic growth. The KBW Nasdaq Bank index, a measure of 24 of the biggest U.S... More...>>
03/01/20175:09PMDJNEven Bankers Are Feeling More Upbeat About Banks
By Liz Hoffman Bank stocks reached their highest point in nearly 10 years on Wednesday, building on postelection gains that reflect hopes firms will soon shake free the shackles of stringent regulation, superlow interest rates and sluggish economic growth. The KBW Nasdaq Bank index, a measure of 24 of the biggest U.S... More...>>
02/26/20177:37PMDJNWarren Buffett Is One Stock Picker Who Believes He Can Still Beat the Market
By Nicole Friedman Warren Buffett was dismissive of professional money managers in his widely read letter to Berkshire Hathaway Inc. shareholders. But the billionaire reasserted his belief in his own ability to pick winners and losers. "Every decade or so, dark clouds will fill the economic skies, and they will briefly... More...>>
02/24/201710:57AMDJNWarren Buffett's $5 Billion Bank of America Bonanza: Thank You, President Trump
By Christina Rexrode Donald Trump's presidency has been a boon to Warren Buffett, especially when it comes to the legendary investor's holding in Bank of America Corp. Financial shares have been among the best stock-market performers since the surprise election victory on Nov. 8. Among those, Bank of America... More...>>
02/22/20179:00AMBWHispanic Small Business Owners Expect 2017 to Be Banner Year, Bank of America Survey Reveals
Hispanic Entrepreneurs Significantly More Optimistic About Growth Prospects, Lean on Strong Support Systems of Family, Friends and Community Owners of Hispanic small businesses are incredibly optimistic about the year to come – much more so than their non-Hispanic counterparts. According to the inaugural Bank of America... More...>>
02/22/20173:00AMDJNLloyds Reports Jump in Full-Year Profit, Pumps Up Dividend
By Max Colchester Lloyds Banking Group PLC said net profit quadrupled last year to 2 billion pounds ($2.50 billion), the result of the bank's successful cost-cutting efforts and no repeat of provisions for customer compensation. The bank, which is two years into a three-year turnaround plan, said operating costs continued... More...>>
02/17/20175:31PMDJNBank of America CEO Brian Moynihan Gets 25% Pay Bump
By Peter Rudegeair Bank of America Corp.'s Brian Moynihan is set to receive his biggest pay package since becoming chief executive more than seven years ago. Mr. Moynihan is expected to receive total compensation of $20 million for 2016, according to a regulatory filing the bank made Friday. That is a 25% increase... More...>>
02/16/20173:02AMDJNBofA Misses Big Options Payday -- WSJ
By Liz Hoffman and Tom McGinty Bank of America Corp.'s top executives were sitting on the right to buy 400,000 shares of the bank's stock at $53.85, a perk handed out by its board a decade ago. The problem is, the stock trades at $24.58. Those stock options expired worthless on Wednesday, a sign of the lingering... More...>>
02/15/201712:26PMDJNBank of America Misses a Big Options Payday, Goldman Cashes In--Update
By Liz Hoffman and Tom McGinty Bank of America Corp.'s top executives are sitting on the right to buy 400,000 shares of the bank's stock at $54, a perk handed out by its board a decade ago. The problem is, the stock trades around $24. Those stock options are set to expire worthless on Wednesday, a sign of the... More...>>
02/15/201711:00AMBWMerrill Lynch Study Finds New Retirement Realities Usher in Opportunities and Challenges
Today, Bank of America Merrill Lynch released a breakthrough new study, which revealed major gaps in retirement readiness. Among pre-retirees, the survey discovered that half don’t have any positive financial role models and consider finance topics too taboo to discuss openly. Furthermore, financial decisions are the... More...>>
02/15/20175:59AMDJNBank of America Misses a Big Options Payday, Goldman Cashes In
By Liz Hoffman and Tom McGinty Bank of America Corp.'s top executives are sitting on the right to buy 400,000 shares of the bank's stock at $54, a perk handed out by its board a decade ago. The problem is, the stock trades around $24. Those stock options are set to expire worthless on Wednesday, a sign of the... More...>>
02/14/20177:28PMDJNIt's Boom Time Again for America's Largest Banks
By Liz Hoffman and Christina Rexrode Shares in America's banks are booming again, with Goldman Sachs Group Inc., J.P. Morgan Chase & Co. and Bank of America Corp. hitting fresh trading milestones Tuesday that seemed unreachable during the crucible of the financial crisis. Investor expectations of higher interest... More...>>
02/14/20179:30AMBWBank of America Merrill Lynch Provides Nearly $4 Billion in Community Development Lending and Investing in 2016
Bank of America Merrill Lynch Community Development Banking (CDB) provided nearly $4 billion in loans, tax credit equity investments and other real estate development solutions to create housing for individuals, families, veterans, seniors and the previously homeless across the United States in 2016. This effort included:... More...>>
02/14/20179:00AMBWBank of America to Further Integrate Impact Investing Into Goals-Based Approach to Serving Clients
Company’s Wealth Management Leaders to Discuss Client Demand and Industry Trends at The Economist’s Impact Investing Conference This Week Bank of America today announced that it is enhancing how it engages with clients interested in pursuing positive environmental and social outcomes through impact investing. For several... More...>>
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