Tags » Bank Of America Corp

Largest US banks all pass latest round of Fed 'stress tests'

WASHINGTON (AP) — All of the nation’s 31 largest banks are adequately fortified to withstand a severe U.S. and global recession and keep lending, the Federal Reserve says. 124 more words

News

The Feds Are Going After Angelo Mozilo -- Bank of America braced for $17bn settlement over mortgages case

Countrywide Financial Corp. co-founder Angelo Mozilo hasn’t entirely escaped prosecutors’ wrath for his company’s risky lending. A U.S. government task force wielding an innovative legal strategy plans to bring a civil case against him over the excesses of the subprime-mortgage boom. 975 more words

Trade

JPMorgan Accused Of Predatory Tactics In Minority Neighborhoods

JPMorgan Chase & Co has been sued by the city of Miami, accusing the bank of predatory mortgage lending in minority neighborhoods that allegedly caused a wave of foreclosures during the last decade’s housing crisis. 353 more words

Black

Banker Deaths Leave Industry Concerned as Coroners Probe

Coroners in London are preparing to investigate two apparent suicides as unexpected deaths by finance workers around the world have raised concerns about mental health and stress levels in the industry. 817 more words

Will This Downgrade Hurt Bank of America (BAC) Today?

BY Tony Owusu

Bank of America shares were down 1.2% at $17.36 in early trading Monday.

TheStreet Ratings team rates BANK OF AMERICA CORP as a Buy with a ratings score of B. 369 more words

BANK OF AMERICA CORP

Bank of America to be fined $2.1 billion

The U.S Justice departments requested the court to order the Bank of America Corp to pay $2.1 billion in penalties after the bank was found liable for fraud over defective mortgages sold by its country wide unit. 16 more words

Market Expert’s views on S&P 500 index

Subramanian head in bank of America’s Equity and Quantitative strategy division Sir Merrill Lynch estimates $2,000 target for S&P 500. Merrill Lynch is confidence for 11% higher value than current S&P 500 market level. 479 more words

BAC