Barclays, Bank of America, Citigroup and 10 other banks were accused in a lawsuit of conspiring to manipulate ISDAfix, a benchmark used to set rates for interest rate derivatives and other financial instruments.
Bank of America is one of the largest fully integrated financial services companies in the world.
Bank of America on Thursday asked a federal judge to throw out a jury verdict finding it liable for fraud over defective mortgages sold by its Countrywide unit that resulted in a $1.27bn penalty.
Bank of America, which bought subprime loan leader Countrywide Financial in 2008, has paid more to regulators for mortgage misdeeds than all the other big banks combined, the latest tally shows.
The Tokyo High Court ordered payment of compensation for losses totalling $140 million.
Billionaire Warren Buffett has predicted Bank of America will become a profit powerhouse once it finally resolves legal battles that have sapped funds and distracted managers. Now we’ll find out if he’s right.
A new generation of bankers are about to get a raise, as firms open wallets to head off defections to investment funds and Silicon Valley.
Bank of America plans to raise salaries for junior staff by at least 20% as Wall Street firms try to discourage defections, a person briefed on the matter said.
The $16.65 billion settlement by Bank of America over financial crisis-era mortgage securities highlights a pattern of the government extorting the banks, said Dick Kovacevich, former Wells Fargo chairman and CEO.
Bank of America on Thursday agreed to pay $16.65 billion to end investigations into mortgage securities that the bank and its units sold in the run-up to the financial crisis.
Goldman Sachs, which cut the portion of revenue set aside for pay the past two years, will increase 2015 salaries for junior employees in the U.S. by about 20%, according to a person briefed on the decision.
Bank of America and Citigroup have selected new managers to help run the firms’ rates-trading desks.
Bank of America’s Merrill Lynch unit said it hired Rahul Srinivasan and Itay Singer from Credit Suisse for its European leveraged finance unit in London.
As we are constantly being approached by people looking to gain graduate entry into financial markets firms, we've come up with this directory.
Bloomberg Markets April issue has an excellent profile on Bank of America CEO Brian Moynihan.
Bank of America Merrill Lynch has hired Winston Cheng from Goldman Sachs as Asia ex-Japan head of its technology, media and telecommunications banking group, according to a memo seen by Reuters on Monday.
Reuters reports that over 12 traders have left Goldman Sach's New York government bonds and derivatives trading desk in recent months, as the firm 'takes fewer risks and big bonuses for ambitious traders dry up'.
Bank of America has hired analyst Paul Shea from Deutsche Bank to join an equities sales team catering to hedge funds and other institutional clients, said two people with knowledge of the move.
Bank of America Merrill Lynch GCIB head Christian Meissner on the success of the company since its acquisition of Merrill Lynch.
Here's some links to a few interesting Bloomberg, Daily Telegraph, Financial Times, Fox Business Network, Independent, and Investment News stories currently doing the rounds.
Deutsche Bank has announced the appointment of Joe McIntosh as a Vice Chairman of Consumer and Retail Investment Banking Coverage (IBC), Americas. Based in Chicago, he will report to Keith Wargo, Co-Global Head of Consumer and Retail IBC.