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Financials Brian Moynihan

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  • Feb 20- Citigroup Inc cut Chief Executive Michael Corbat's pay by about 10 percent in 2014, a year in which the bank's profit nearly halved due to higher legal costs and a slump in bond trading. Deferred stock makes up 30 percent of Corbat's bonus pay under Citi's compensation plan, which was overhauled two years ago amid shareholder pressure.

  • Citigroup cuts CEO pay by 7% to $13.1M in 2014 Friday, 20 Feb 2015 | 8:48 AM ET

    Citigroup cut CEO Corbat's pay by about 7 percent in 2014, a year in which the bank's profit nearly halved due to higher legal costs and a slump in bond trading.

  • Feb 20- Citigroup Inc cut Chief Executive Michael Corbat's pay by about 7 percent in 2014, a year in which the bank's profit nearly halved due to higher legal costs and a slump in bond trading. Deferred stock makes up 30 percent of Corbat's bonus pay under Citi's compensation plan, which was overhauled two years ago amid shareholder pressure.

  • NEW YORK, Feb 17- Bank of America Corp cut Chairman and Chief Executive Officer Brian Moynihan's pay by 7 percent in 2014, a source familiar with the matter said on Tuesday, as its full-year profit fell 58 percent on higher legal settlements. Moynihan's total 2014 compensation was $13 million, down from $14 million a year earlier, according to the source.

  • PALO ALTO, Calif., Feb 13- President Barack Obama asked U.S. executives on Friday for closer cooperation in defending against hackers after high-profile attacks on companies like Sony that exposed weaknesses in America's cyber defenses. Speaking at Stanford University, Obama told Silicon Valley and financial services CEOs that they needed to share more...

  • BofA made money off Swiss franc jolt: CEO Tuesday, 20 Jan 2015 | 12:01 PM ET
    Brian Moynihan

    CEO Brian Moynihan tells CNBC Bank of America benefited from the Swiss currency shock that rocked markets even though it "caught everybody by surprise."

  • Banks searching for answers on awful earnings Thursday, 15 Jan 2015 | 2:36 PM ET
    A Citibank branch in San Francisco.

    Banks haven't been able to get their message straight on what exactly is causing the weak profit reports.

  • BofA dodges activist group on chairman role Thursday, 15 Jan 2015 | 5:17 AM ET

    An activist investor group said it is withdrawing a shareholder resolution that called for Bank of America to have an independent board chair.

  • Why the outlook for big banks is pretty dismal Tuesday, 13 Jan 2015 | 1:19 PM ET
    A JPMorgan Chase flag at the company's headquarters in New York.

    As big U.S. banks approach earnings this week, they're taking a page from a familiar playbook: Under-promise and over-deliver.

  • Low oil prices: Double-edged sword for banks Friday, 19 Dec 2014 | 4:35 PM ET
    Workers check the valves at the Taq Taq oil field in Arbil, Iraq, in this Aug. 16, 2014 photo.

    Less cash flow from oil companies could pinch loan payments to banks but more gas savings in consumers' wallets will create new business.

  • BofA CEO: 'Clearly' superior plan to stay big Tuesday, 9 Dec 2014 | 9:30 AM ET
    BofA CEO: 'Clearly' superior plan to stay big

    CNBC's Kayla Tausche explains how a presentation by Bank of America CEO Brian Moynihan is causing the bank's stock to move today.

  • Moynihan reshapes Bank of America after legal costs Thursday, 16 Oct 2014 | 9:28 AM ET
    Brian Moynihan

    Bank of America Chairman and Chief Executive Brian Moynihan has been quietly retooling the bank while working to end legal problems.

  • BAC ekes out slight profit, revenues sluggish Wednesday, 15 Oct 2014 | 8:25 AM ET
    BAC ekes out slight profit, revenues sluggish

    CNBC's Kayla Tausche breaks down Bank of America's third quarter results.

  • BAC posts less-than-expected loss Wednesday, 15 Oct 2014 | 7:18 AM ET
    BAC posts less-than-expected loss

    Credit was a tailwind, says Jeffery Harte, Sandler O'Neil principal, breaking down Bank of America's quarterly numbers and sharing his thoughts on the banking sector.

  • Dimon: Shadow banking threat to US economy Friday, 10 Oct 2014 | 10:45 AM ET
    Jamie Dimon, chief executive officer of JPMorgan Chase & Co.

    The JPMorgan CEO sees one thing that could derail the recovery: The $3.2 trillion nonbank financial system, or "shadow banks."

  • Bank of America names CEO Moynihan chairman Thursday, 2 Oct 2014 | 7:08 AM ET
    Brian Moynihan, president and CEO of Bank of America at 2014 WEF in Davos, Switzerland.

    Bank of America said it named Chief Executive Brian Moynihan as chairman of its board, effective immediately.

  • BofA board backs settlement; announcement soon Thursday, 7 Aug 2014 | 8:46 AM ET
    Bank of America branch in New York City

    Bank of America directors are supportive of its proposed $16 billion to $17 billion mortgage-securities settlement, according to someone familiar with the matter.

  • BofA, DOJ near $17B mortgage-probe settlement Wednesday, 6 Aug 2014 | 5:10 PM ET
    A Bank of American branch office in Oakland, Calif.

    Bank of America and the Justice Department are closing in on a deal to settle mortgage probes that could reach as much as $17 billion.

  • BofA boosts dividend after Fed approves capital plan Wednesday, 6 Aug 2014 | 10:27 AM ET

    The U.S. Federal Reserve approved a resubmitted capital plan from Bank of America, which announced it has raised its dividend.

  • Bank of America quarterly profit drops 43 percent Wednesday, 16 Jul 2014 | 9:30 AM ET

    Mortgage revenue fell and litigation costs increased for Bank of America in the second quarter.