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Bank of America news from FierceFinance
NewsSteele Alphin - Top Executive Resignation
Name: Steele Alphin Company: Bank of America (NYSE: BAC) Former Position: Chief Administrative Officer The End: The HR exec retired from the nation's largest bank Feb. 11, following a transition... Read more...
Moody's expects less support for banks
While the Dodd-Frank law leaves much to be decided, it seems clear that there will be much less public support available for the biggest banks. So if they run into trouble, creditors will be in worse... Read more...
Aggressive paperless move by Bank of America
I think most of us would agree that encouraging customers to go paperless is the best route for banks. But how aggressive do you want to be? In a fee-challenged environment, one way would be to hike... Read more...
Morgan Stanley best positioned to withstand regulatory reform?
Even before the Dodd-Frank bill was passed into law, there's been heavy speculation about which banks would be hit the hardest. There's no way of really knowing because the real shape of reform in a... Read more...
Bank of America too pessimistic on reform effects?
We noted recently that Bank of America (NYSE: BAC) surprised some people by talking about the effect of financial regulation on its bottom line. The tone from executives was quite pessimistic, and we... Read more...
Bank of America: Reform to hit hard
Everyone knew that the historic financial reform package would costs banks plenty. But apparently not all of the expected impact was priced into the market. The Durbin Amendment, for example, which... Read more...
Revenues take big trading hit at top banks
The big earnings story so far has been the drop in revenue at the top banks. At Citigroup (NYSE: C), revenues fell 26 percent to $22.1 billion from $30.0 billion a year ago. At Bank of America (NYSE:... Read more...
Bank of America (BAC) Earnings Q2 2010
View BAC Q2 Earnings Report Highlights:
Approximately 80,000 lending and deposit products were delivered to Merrill Lynch clients in the second quarter, up from 60,000 in the first quarter of 2010... Read more...
Accounting rule Statement 159 to aid banks in second quarter
Back at the peak of the crisis, a FASB addition passed in 2007 known as Statement 159--formally known as the "Fair Value Option for Financial Assets and Financial Liabilities"--allowed banks to book... Read more...
Can Brian Moynihan keep up his travels?
When news filtered out that Bank of America CEO (NYSE: BAC) did not plan to relocate to Charlotte, as many in the hometown of the big bank were hoping, it raised some brows. Brian Moynihan (Brian... Read more...
| Press ReleasesVertafore Announces Completion of Acquisition by TPG CapitalBOTHELL, Wash., July 29 /PRNewswire/ -- Vertafore, a leading provider of software and services to the insurance industry, today announced the completion of its acquisition by investment funds managed Read more >> Fitch: No Relapse for U.S. Credit Card ABS; Defaults ReboundNEW YORK--(BUSINESS WIRE)-- While U.S. consumer credit quality remains under pressure, U.S. credit card ABS performance improved across the board last month, according to the latest Credit Card Index Read more >> Bank of America Announces New Program to Help Spur up to $100 Million in Small Business Lending NationwideGrants to Nonprofits Will Help up to 8,000 Businesses Obtain New Loans Over the Next 12 Months WASHINGTON--(BUSINESS WIRE)-- Bank of America today announced it will provide $10 million in grants to Read more >> Bank of America Declares Quarterly DividendsCHARLOTTE, N.C.--(BUSINESS WIRE)-- Bank of America Corporation today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.01 per share, Read more >> Merrill Lynch Affluent Insights Quarterly Survey Examines the Critical Role Employers Play in Helping Employees Prepare foAffluent Employees Cite Retirement Benefits Among Top Reasons for Company Loyalty, More Than Having a Good Boss or an Easy Commute NEW YORK--(BUSINESS WIRE)-- Bank of America today announced findings Read more >> |
