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Bank of America

Brian Moynihan With Batphone

Financial Markets

BofA Must Show Steady Profit Before Raising Payout, CEO Says

Bank of America needs to show a steady stream of profit before satisfying demands for a higher dividend, CEO Brian Moynihan said.

Bank Of America Building

Financial Markets

BofA Traders Have Perfect Quarter As Morgan Stanley Lags

Bank of America’s traders posted gains every business day during the first quarter as Morgan Stanley’s lost money in eight sessions, double the rate a year earlier.

Bofa Mbia Reach Accord Still

Video

Bank of America, MBIA Settle 5-Year Mortgage Fight

Zeb Eckert reports on Tuesday's top headlines.

Gavel

Financial Markets

Wells Fargo & Bank Of America Sued By New York AG

Attorney General Eric Schneiderman has announced his intention to sue Bank of America and Wells Fargo for repeatedly violating the terms of the National Mortgage Settlement.

Pointing The Finger

Financial Markets

Schwab Sues BofA and Other Banks Over Libor Manipulation

Charles Schwab Corp, whose antitrust claims against banks over manipulation of the London interbank offered rate were tossed from federal court in New York, has sued Bank of America Corp. and other financial institutions for fraud in state court in San Francisco.

For Hire

Financial Markets

People News - BofA, Barclays, Citi, Morgan Stanley

Bank of America has hired Jim O’Neil, the executive responsible for managing the government’s stakes in U.K. banks, to advise its clients in the financial services industry.

For Hire

Financial Markets

People News - BofA, Citi, C Suisse, Deutsche, UBS

Bank of America's Merrill Lynch has appointed Yacine Amor head of equity capital markets for Central and Eastern Europe, Middle East and Africa, a spokeswoman for the bank said

Bank Of America Building

Financial Markets

BofA Trading Unit Trails Peers As Revenue Falls

Bank of America’s revenue from fixed-income trading declined the most among peers in the first quarter, eroding the biggest profit source of the firm’s Merrill Lynch investment bank.

Bofa Reports Q4 Earnings Still

Video

BofA's Ugly Turnaround in Weak Environment: Kopecki

Bloomberg's Dawn Kopecki talks with Betty Liu about the issues facing Bank of America as it reported first-quarter profit that missed analysts' estimates on lower mortgage banking revenue.

Brian Moynihan With Batphone

Financial Markets

Bank of America - 'Many Examples Of Progress This Quarter'

Bank of America Corporation has reported net income of $2.6bn for the first quarter of 2013, compared to $653m in the first quarter of 2012. Revenue, net of interest expense, on a fully taxable-equivalent basis rose 5% to $23.7bn from $22.5bn a year ago.

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Bank of America is one of the largest fully integrated financial services companies in the world.

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