Displaying 502 results
Former Fed official Hayley Boesky signs on at Bank of America
Ms. Boesky will work on developing business with institutional investors and strengthening the bank's relationships with clients
Sale of Bank of America TARP warrants generates record response
The U.S. Treasury raised a record $1.54B in an auction of Bank of America bailout warrants. And Uncle Sam has three more sales scheduled for this month.
Bank of America already working on upgrade to its new Financial Wellness Monitor
Bank of America Merrill Lynch is already planning the next evolution of its Financial Wellness Monitor to be able to score investors' overall financial situation.
BofA finally done with Judge Rakoff? Don’t bank on it
A judge promised Monday to decide by the end of next week whether to approve a $150 million settlement between the Securities and Exchange Commission and Bank of America over civil charges alleging the bank misled shareholders when it acquired Merrill Lynch.
Bank of America unveils special designation for 401(k) advisers
Bank of America Merrill Lynch is establishing an elite new designation for financial advisers who want to work with large 401(k) plan clients. The new designation is part of the bank's push to become a bigger player in the retirement space.
Bank of America ups ante, agrees to pay $150M to settle SEC’s Merrill charges
Bank of America would pay $150 million and strengthen its corporate governance and disclosure practices under a proposed settlement filed today with the U.S. District Court for the Southern District of New York by the Securities and Exchange Commission.
Bank of America stays in-house, picks Brian Moynihan to succeed Ken Lewis
Bank of America's board late Wednesday named its 50-year-old consumer and small business banking chief, Brian Moynihan, as president and CEO.
BNY Mellon’s Kelly: I’m not going anywhere
Bank of New York Mellon Corp.'s CEO Robert Kelly told employees Monday that he isn't going anywhere, leaving Bank of America Corp. with one less candidate for its top job.
Treasury auctioning off huge block of Bank of America bailout warrants
A dispute over pricing with the bailed-out Bank of America leaves Uncle Sam little choice but to auction off the equity warrants
Judge puts SEC on defensive over Bank of America deal
A judge has put a Securities and Exchange Commission lawyer on the defensive over a settlement resolving civil charges that accused Bank of America of misleading investors when it acquired Merrill Lynch.
Bank of America’s TARP pay plan puts pressure on Citigroup, Wells Fargo
Bank of America's surprise move to pay back $45 billion in federal bailout money ratchets up pressure on rivals Wells Fargo and Citigroup to get out from under the government's thumb. But don't expect it to happen anytime soon.
Rashomon? SEC, Cuomo offer vastly different takes on BofA firing
Bank of America fired its top lawyer in December 2008 before its fateful takeover of Merrill Lynch simply to make way for another executive, and not because he had given the company legal advice it didn't want to hear, the Securities and Exchange Commission has said in a court filing.
Ken Lewis, Joe Price named in NY AG suit over BofA/Merrill deal
The New York Attorney General's office said Thursday it is filing civil charges against Bank of America and its former CEO Ken Lewis, saying the bank misled investors about Merrill Lynch when it acquired the Wall Street bank in late 2008.
Former tech guru at Goldman signs on with Bank of America
Former Goldman Sachs technology-chief-turned-hedge-fund-manager Michael Dubno will join Bank of America Corp. Tuesday, according to the Charlotte-based bank.
Judge finally OKs $150M BofA fine
In strikingly unenthusiastic fashion, federal Judge Jed Rakoff signed off on the Securities and Exchange Commission's plan to fine Bank of America $150 million after failing to tell shareholders of about $16 billion in impending losses at Merrill Lynch.
BofA spent $1.18M lobbying government in 4Q
Bank of America Corp., the nation's largest lender, spent $1.18 million in the fourth quarter to lobby the federal government on issues such as executive compensation, credit cards and mortgage lending practices, according to a recent disclosure report.
Moynihan shuffles the deck at Bank of America, but Krawcheck stays put
Bank of America Corp. is shuffling its senior management team, moving its chief financial officer over to lead consumer and small business banking and naming a new chief risk officer.
BofA’s Moynihan: Banks did plenty of damage
Bank of America Corp.'s new CEO Brian Moynihan said Monday his company is continuing to recover from the financial crisis but will remain cautious even as it expects to grow in 2010.
Judge Rakoff officiates at ex-law clerk’s nuptials
Order in the wedding party — here come da judge.
SEC to take BofA to court over Merrill bonuses
Bank of America Corp. now faces a trial with the Securities and Exchange Commission over billions in bonuses paid at Merrill Lynch, after a judge threw out the bank's $33 million settlement and rebuked the agency for not pursuing charges against executives.
