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By Hugh Son, Bloomberg |
April 17, 2013
Bank of America Corp. reported first-quarter profit that missed analysts’ estimates as lower mortgage banking income and higher legal costs slowed the firm’s turnaround. The shares dropped 3% in early trading.
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By David Glovin |
March 31, 2013
Several banks won dismissal of antitrust claims in lawsuits alleging they rigged the London interbank offered rate.
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By Tom Schoenberg and Andrew Zajac, Bloomberg |
March 20, 2013
Freddie Mac sued Bank of America Corp., UBS AG, JPMorgan Chase & Co. and a dozen other banks over alleged manipulation of the London interbank offered rate, saying the mortgage financier suffered substantial losses.
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By Mahmoud Kassem, Bloomberg |
February 19, 2013
Bank of America Merrill Lynch said investors should buy emerging market bonds and equities as the so-called BRIC nations of Brazil, Russia, India and China post the biggest improvement in growth this year.
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By Heather Perlberg and Dakin Campbell, Bloomberg |
January 22, 2013
Mortgage revenue at the four largest U.S. lenders is surpassing the costs of faulty home loans and foreclosures from the housing boom as Federal Reserve and government policies help fuel the recovery.
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By Canaccord Genuity Morning Coffee |
January 18, 2013
Bank of America’s fourth-quarter profit plunged 63% as the banking giant was weighed down by billions in charges related to a dispute with Fannie Mae and a foreclosure settlement.
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By Andrew Dunn, Bloomberg |
October 24, 2012
Bank of America Corp. was sued by the U.S. attorney in Manhattan for allegedly engaging in a scheme to defraud Fannie Mae and Freddie Mac.
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By Hugh Son, Bloomberg |
October 17, 2012
Bank of America Corp. reported third-quarter results that were better than some analysts predicted as capital levels improved, and the shares edged higher in New York trading.
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By Hugh Son, Bloomberg |
July 18, 2012
Bank of America Corp., shaking off some of the drag caused by faulty mortgages, swung to a second- quarter profit as real estate-unit losses narrowed and the company set aside less money for bad loans.
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By Canaccord Genuity Morning Coffee |
June 25, 2012
Ratings agency Moody's downgraded 15 of the world's biggest banks last Thursday, lowering credit ratings by one to three notches to reflect the risk of losses they face from volatile capital markets activities
