Displaying 502 results
BofA buys back $43M ARS from Mass.
The Massachusetts Turnpike Authority and the Massachusetts Housing Partnership will be repaid $18 million and $25 million, respectively.
Analyst dims forecast for Goldman, Morgan Stanley
The investment banks had their third quarter earnings outlooks cut by Banc of America Securities analyst Michael Hecht.
Merrill plans $10 billion ARS buyback
The nation's largest brokerage firm will buy securities held by 30,000 clients.
Blackstone, Fortress estimates cut by BofA
Banc of America Securities cuts its earnings estimates and price targets on Blackstone Group and Fortress Investment Group.
GLG Partners hires Brahim from Goldman
London-based hedge fund taps emerging markets expert to run a $1.2 billion special situations fund.
BofA concludes $2.5B Countrywide buy
The acquisition of Countrywide will greatly expand BofA's role in the mortgage business, according to the company.
BofA to slash 7,500 jobs
Bank of America Corp. expects to slash about 7,500 jobs after shareholders approved its merger with Countrywide Financial Corp. yesterday.
BNP snaps up BofA’s equity prime brokerage
BNP Paribas of Paris has agreed to buy Charlotte, N.C.-based Bank of America Corp.’s equity prime brokerage business.
In with the new as BofA annexes LaSalle
Over the coming weeks, thousands of LaSalle Bank customers will be receiving new Bank of America debit cards.
BofA Investment to disgorge $10 million
Banc of America Investment Services failed to disclose to clients that it favored two mutual funds affiliated with them.
BofA launches website for non-profits
Bank of America today unveiled a redesign of its website to help non-profit organizations apply for grants.
BofA shareholders decry Countrywide buy
Shareholders pleaded with the BofA's CEO not to go forward with the $4 billion acquisition Countrywide.
BofA takes $1.9 billion in write-downs
Bank of America Corp. reported a 77% decline in first-quarter earnings, to $1.21 billion, or $0.23 cents a share.
BofA names division head of marketing
Claire Huang is the new head of marketing for Bank of America's global wealth and investment management division.
Analyst: Rough road ahead for BofA
Bank of America may set aside $6.5 million in the first quarter to cover possible future loan losses, according to Punk Ziegel.
CtW calls BofA, WaMu directors to account
The group has called on directors at Bank of America and Washington Mutual to describe what they did to protect shareholders from mortgage-related risk over the past two years.
Dow switches up two component stocks
Bank of America and Chevron will replace Altria Group and Honeywell on Feb. 19, Dow Jones announced.
Columbia announces four key hires
The investment management division of Charlotte, N.C.-based Bank of America announced four appointments in its distribution and portfolio management segments.
BofA to sell $6 billion in new shares
A day after reporting a 4Q decline of 95%, the bank said it would raise $6 billion by selling preferred shares.
BofA to cut 650 jobs; shut CDO unit
The bank is eliminating its “structured products” business, which developed and sold collateralized debt obligations and selling its prime brokerage unit.
