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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: Bank of America

Bank of America stories: 225 news summaries

41 - 60 of 225 Stories | << Prev 1 2 3 4 5 6 7 ... 12 Next >>

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MARKETS

 Financials Propel Dow Up 185 

Big gains for major banks ahead of earnings reports

Jul 13, 09 3:17 PM CDT
(Newser) - Stocks staged a broad rally today as financials soared ahead of earnings reports, the Wall Street Journal reports. Bank of America surged 9%, while Citigroup and JP Morgan Chase rose 6.9%. General Electric, which will also report its second-quarter earnings this week, rose 6.1%. The Dow closed up... More »

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Citigroup • Bank of America • Dow Jones • General Electric • Nasdaq • S&P 500 • JPMorgan Chase

MARKETS

 Stocks Tread Water; Dow Up 5 

Goldman Sachs rises, Pfizer falls

Jul 9, 09 3:12 PM CDT
(Newser) - The stock market indices swung back and forth across a narrow range today as financials enjoyed advances but the health care sector declined, the Wall Street Journal reports. Goldman Sachs was up 3.69% after Bank of American Merrill Lynch upgraded Goldman shares from “neutral” to “buy.”... More »

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health care • Bank of America • Goldman Sachs • Dow Jones • Pfizer • Merrill Lynch • Nasdaq • financial sector • S&P 500

 Female Brokers Sue 
 BofA for Discrimination 

Men got higher retention bonuses, they allege

Jun 25, 09 3:36 PM CDT
(Newser) - A former Merrill Lynch broker is leading a class-action lawsuit against Bank of America for offering female workers lower retention bonuses, Reuters reports. The suit alleges that Merrill had a longtime practice of steering wealthier clients to its male brokers. Because of that, when BofA acquired the firm and offered... More »

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Bank of America • Merrill Lynch • class action • gender discrimination • civil lawsuits • Jaime Goodman

Bernanke Denies Threatening BofA Boss Over Merrill

He battles accusations that he strongarmed he company

Jun 25, 09 11:42 AM CDT
(Newser) - On Capitol Hill today, Federal Reserve chair Ben Bernanke denied he threatened the job of Bank of America’s CEO when Ken Lewis hesitated on the Merrill Lynch merger last fall, CNNMoney reports. “I did not tell Bank of America’s management that the Federal Reserve would take action... More »

MORE ABOUT:
Ben Bernanke • Bank of America • Federal Reserve • Henry Paulson • House Committee on Oversight and Government Reform • Darrell Issa • Ken Lewis

MARKETS

 Boeing Drops; Dow Loses 16 

Bank of America, JP Morgan Chase post modest advances

Jun 23, 09 3:29 PM CDT
(Newser) - Stocks were mixed today, between a slide by Boeing and a successful auction of 2-year Treasury notes, the Wall Street Journal reports. Another delay for its Dreamliner dragged Boeing down 6.27%; Bank of America and JP Morgan Chase both advanced after yesterday’s sell-off. The Dow fell 16.10... More »

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Boeing • Bank of America • Dow Jones • Boeing 787 Dreamliner • Nasdaq • S&P 500 • JPMorgan Chase

MARKETS

 Banks, Energy Fall; Dow Off 201 

Dow, S&P 500 now negative for 2009

Jun 22, 09 3:18 PM CDT
(Newser) - A global rout in materials and energy stocks combined with a sell-off in financials to wreak havoc on US markets today, the Wall Street Journal reports. The Dow closed down 200.72 at 8,339.01. The Nasdaq lost 61.28, closing at 1,766.19, and the S&P... More »

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World Bank • Bank of America • Dow Jones • Alcoa • General Electric • American Express • Nasdaq • S&P 500

Bailed-Out Bank Execs Fly Corporate Jets to Resorts

Citi, BoA, Morgan Stanley CEOs jetted off after cash infusions

Jun 19, 09 6:54 AM CDT
(Newser) - Executives at bailed-out banks are still using company jets to fly to vacation homes and resorts, the Wall Street Journal reports. The newspaper reviewed FAA records to find that banks receiving federal aid have flown top execs to locales such as the Caribbean, Aspen, and Europe. Case in point: Less... More »

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Citigroup • Bank of America • CEO • Morgan Stanley • bank • resorts • bailout • vacation home • executives • Regions Financial • corporate jets

(Newser) - Ben Bernanke and Henry Paulson may have leaned on Bank of America CEO Ken Lewis too heavily last year when he tried to back out of a deal to acquire Merrill Lynch, say congressional investigators. In fact, a GOP briefing document says the two Bush officals "put a gun... More »

MORE ABOUT:
Ben Bernanke • Bank of America • Federal Reserve • Henry Paulson • merger • Merrill Lynch • Treasury Department • John Lewis • Wall Street bailout

ANALYSIS

Why Corporate Boards
Seldom Do Their Jobs Well

Directors largely responsible for missteps, but keep their jobs

May 28, 09 2:42 AM CDT
(Newser) - Recent shareholder meetings at Citigroup and the Bank of America devolved into morality plays—wronged shareholders berated executives, executives apologetically vowed to improve—with a rather curious epilogue: every member of the board of directors was reelected. The reason is that corporate boards are often filled with under-informed, over-paid yes-men... More »

MORE ABOUT:
Citigroup • Bank of America • CEO • shareholders • business • corporate governance • board of directors

MARKET Open

 Stocks, Oil Head Higher 


May 20, 09 8:44 AM CDT
(Newser) - Stocks headed higher at today's open as rallying commodity prices gave traders hope about the economy. The Dow rose 65 points, while the Nasdaq rose 0.8% and the S&P 1%. Oil prices topped $60 a barrel, sending Exxon and Chevron slightly higher. Bank of America, meanwhile, rose 6%... More »

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stock market • Bank of America • Dow Jones • Nasdaq • Target • S&P 500 • oil prices

BofA Raises $13.5B
With Share Sale

Bank takes big stride towards meeting 'stress test' condition

May 20, 09 4:55 AM CDT
(Newser) - Bank of America has sold shares to fill $13.5 billion of the $34 billion capital hole the Fed's "stress test" uncovered in the bank's balance sheet, Marketwatch reports. The bank—taking advantage of a 40% jump in its share price over the last month—issued 1.25 billion... More »

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Bank of America • Federal Reserve • bank • shares • capital markets • stress tests

MARKETS

 Dow Up 235 on Housing Hopes 


May 18, 09 3:11 PM CDT
(Newser) - Markets rose significantly today on indications of a turnaround in the housing sector, the Wall Street Journal reports, with an industry confidence metric at its highest since September 2008. Financials—Bank of America was up 9.8%—led the S&P to a symbolic close above 900. The Dow was... More »

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NASDAQ • Bank of America • Dow Jones • recession • Home Depot • Lowe's • housing industry • financial sector • S&P 500

MARKETS

 Oil, Banks Steal 63 From Dow 


May 15, 09 3:13 PM CDT
(Newser) - Markets were off today on falling oil prices and a poor showing from the financial industry, the Wall Street Journal reports. The S&P energy index fell 2.4% and Bank of America, Pfizer, and Wal-Mart also saw declines. General Motors, whose low share price no longer significantly affects markets,... More »

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stock market • NASDAQ • Bank of America • New York Stock Exchange • Dow Jones • General Motors • Pfizer • financial sector • S&P 500 • Wal-Mart • oil prices

MARKET Open

 Stocks, Commodities Plunge 


May 11, 09 8:57 AM CDT
(Newser) - Stocks plunged at the open, as banks sold shares to raise capital, and consumer and commodity stocks took a pounding, the Wall Street Journal reports. The Dow was down 140, the Nasdaq down 1.8% and the S&P off 2.1. Oil producers were hit hard as crude fell... More »

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stock market • Bank of America • Dow Jones • Morgan Stanley • Nasdaq • financial sector • S&P 500 • financial crisis

(Newser) - In the wake of reports that complaining banks cajoled the Federal Reserve into sweetening some stress test results, the Wall Street Journal looks at the hard numbers. Citigroup, for example, was originally supposed to raise $35 billion; the number eventually released was $5.5 billion. The total for Bank... More »

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Citigroup • Bank of America • Federal Reserve • Wells Fargo • Treasury Department • banking industry • TARP • stress tests

Bank Wrangling Softened Stress Test Results

Fed massaged some figures to portray banks as healthy

May 8, 09 5:40 AM CDT
(Newser) - Some major banks managed to cajole the government into using more optimistic figures in its "stress test" results, insiders tell the Washington Post.  Banks like Citigroup—eager to show they were healthy and didn't need more help from the government—were given credit for pending moves to raise... More »

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Bank of America • Wells Fargo • bank • Treasury Department • banking industry • financial crisis • TARP • stress tests

(Newser) - It's official: The stress-test results are out, and the feds say 10 of the nation's 19 biggest banks need to raise a total of $75 billion in capital to weather a future downturn, the Wall Street Journal reports. The banks, five of which are regional, are:
  • Bank of America:
... More »

MORE ABOUT:
Ben Bernanke • Bank of America • Treasury Department • banks • banking industry • Timothy Geithner • stress tests

MARKET Open

 Stocks Climb on ADP Report 


May 6, 09 8:51 AM CDT
(Newser) - Stocks headed north at the open today as a better-than-expected ADP report outweighed Bank of America's poor "stress test" grade, reports the Wall Street Journal. The Dow rose 64 points, while the Nasdaq and S&P added 9.26 and 8.97 points respectively. Bank of America rose 6%... More »

MORE ABOUT:
stock market • Bank of America • Dow • ADP

 BofA Still Short  
 Whopping $34B 

Fed's findings mean government may end up as BofA's majority shareholder

May 6, 09 1:30 AM CDT
(Newser) - Treasury Department officials have told Bank of America that it's nearly $34 billion in capital short of a passing grade on its "stress tests," sources tell Reuters. The amount is more than triple earlier estimate of BofA's capital needs, and may force the bank to convert the non-voting... More »

MORE ABOUT:
Bank of America • financial crisis • TARP • Ken Lewis • stress tests

MARKETS

 Stocks Fall Back; Dow Off 16 

Investors keep an eye on upcoming jobs, stress test reports

May 5, 09 3:19 PM CDT
(Newser) - Yesterday’s rally failed to carry stocks today, with traders nervously anticipating weekly and monthly employment reports as well as the bank stress-test results later this week, the Wall Street Journal reports. Bank of America rose 5.4%, while Wells Fargo dropped 3.3%. The Dow fell 16.09 to... More »

MORE ABOUT:
Bank of America • Dow Jones • Wells Fargo • Nasdaq • S&P 500 • stress tests

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