Tag:
Brian Moynihan
Latest Headlines
Latest Headlines
Bank of America board faces CEO dilemma
If there’s one bank CEO who’s on the hot seat, it’s Bank of America’s Brian Moynihan, who won the job in January 2010 after an unusually grueling and public search. Since then, it’s been a very tough slog, one reflected in the steadily dwindling stock price to near penny-stock status.
Over his
Bank of America ponders withdrawing from some areas
At what point will Bank of America no longer be the bank of America?
News that the bank would be willing to reduce the size of its geographic footprint in the face of additional capital raising imperatives in some ways can be seen as a sign of the future. As of now, there are no plans to withd
Bank of America wraps up asset sales
Bank of America's efforts to raise capital and stay in line with Federal Reserve expectations on Basel III compliance was driven in large part by robust sales of non-core assets.
When people pressed executives about the likelihood of a massively dilutive sale of common shares, their answer usu
Brian Moynihan speaks as stress tests loom
Bank of America CEO Brian Moynihan has perhaps the hardest job in banking.
Fixing up the troubled banking giant--which is reeling from the economy and the disastrous Countrywide purchase in 2008--has proven a massive challenge with no true success in sight. The rockiness of the recovery path h
Bank of America's mortgage market share plunges
Bank of America continues to reel from its Countrywide purchase, which will likely go down as one of the worst corporate deals in modern history.
One has to wonder how former CEO Ken Lewis feels right now. The deal announcement back in 2008 was his bright shining moment, one that he thought wo
Bank of America: Small customers don't contribute to bottom line
There was a day when Bank of America prided itself on being a massive consumer bank. It truly was the bank of America.
But CEO Brian Moynihan was pretty frank at a recent conference about something we all knew: Many of the bank's smallest-account customers no longer contribute to the bottom li
Bank of America: capital looms as a huge issue
Bank of America has steadfastly maintained that it is in decent position regarding Basel III capital requirements.
CEO Brian Moynihan has further said that a large capital raise would not be necessary because the bank could raise enough capital via retained earnings and asset sales. The decisi
Bank of America exchange plans knocks stock
The news that Bank of America was planning to issue about 400 million common shares, which will be exchanged for preferred shares, did not go over all that well.
The stock tanked. CEO Brian Moynihan has consistently said that the bank did not need to issue common stock to meet its capital requ
Animation: Goldman Sachs CEO vs. Occupy Wall Street protester
The rise of the internet has had one unforeseen consequence when it comes to the financial media: It has loosened it up considerably, which we regard as good thing.
The rise of blog-like news outlets has allowed reporters to act as analysts a bit more and allowed new expert voices to be heard.
Bank of America defends right to make a profit
Brian Moynihan has herculean tasks ahead of him on so many fronts, not least of which is dealing with the Durbin Amendment, which is now live and in effect. The bank has potentially billions in foregone fees that it has to make up, so you can understand why Moynihan would favor a new fee on debit
