Influential CLSA bank analyst Mike Mayo may have been wrong about putting a sell rating on Bank of America stock but insists he remains "dead right" for calling out perceived accountability issues at the bank.
Bank of America is one of the largest fully integrated financial services companies in the world.
Bank of America should pay the maximum penalty of $863m for selling defective loans to Fannie Mae and Freddie Mac, given the egregiousness of the fraud, U.S. prosecutors told a federal judge.
You're fired (twice).
Bank of America CEO Brian Moynihan told CNBC that consumer health and credit quality are both improving.
Bank of America have said the Department of Justice may file another suit tied to mortgage bonds and raised its estimate of possible added losses from legal and regulatory matters by 82% to $5.1bn.
Bank of America, may need to pay $5bn to $8bn to settle a federal mortgage lawsuit after a rival bank’s deal set 'a relatively high bar', according to Fitch Ratings.
Bloomberg's Deirdre Bolton reports on Thursday's top news headlines on Bloomberg Television's 'Money Moves'.
The days of these firms paying big bonuses to lure each others staff - and retain their own- may be ending.
Countrywide, once the US's largest subprime mortgage company, and one of its former executives have been found guilty of fraud by a New York jury.
The U.S. government has failed to produce any evidence to show that Bank of America Countrywide unit committed mortgage fraud in the run-up to the financial crisis, a lawyer for the bank said on Tuesday.
You're fired (twice).
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'.
The Financial Services Authority (FSA) has fined Andrew Osborne, former Managing Director in Corporate Broking at Merrill Lynch International (now Bank of America Merrill Lynch International) £350,000 ($550,000), for engaging in market abuse by improperly disclosing inside information ahead of a significant equity fundraising by Punch Taverns Plc (Punch) in June 2009.
A man is suing Bank of America claiming the bank gave him a heart attack.
Bank of America exceeded $15.06 Tuesday, the price on the day before Brian Moynihan became chief executive officer almost four years ago.
As we are constantly being approached by people looking to gain graduate entry into financial markets firms, we've come up with this directory.
Three global investment banks plan to move 3,000 London jobs to other UK cities and towns.
Bank of America has named Mike Joo head of global rates and currencies origination, the business that issues interest rate and currency products for corporate and commercial clients, according to a memo sent to employees.
Bank of America's Merrill Lynch unit agreed to pay $160m to settle a discrimination lawsuit filed by black financial advisers, a lawyer for the plaintiffs said.
Bank of America agreed on Friday to pay $39m to women who worked in its Merrill Lynch brokerage operation, another costly settlement of a discrimination case filed by its employees.