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’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.
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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.
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.
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.
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’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.
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.
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.
Bank of America is one of the largest fully integrated financial services companies in the world.
Citigroup is eliminating two senior positions in its Institutional Clients Group as part of an effort to streamline the company's management ranks, according to a person familiar with the plan.
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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.
The prime brokerage unit of Bank of America Merrill Lynch has hired former Morgan Stanley executive Deepak Abraham as head of capital strategy in Asia Pacific, according to an internal memo seen by Reuters.
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
