NEW YORK, May 8- MBIA Inc agreed to pay Societe Generale $350 million to settle litigation over the bond insurer's restructuring, a person familiar with the case told Reuters on Wednesday.
NEW YORK, May 8- MBIA Inc agreed to pay Societe Generale $350 million to settle litigation over the bond insurer's restructuring, a person familiar with the case told Reuters on Wednesday. An MBIA spokesman declined comment, and a spokesman for Societe Generale did not immediately return a call for comment.
*MBIA shares close up 45 pct, Bank of America up 5.2 pct. May 6- Bank of America Corp has agreed to pay $1.6 billion in cash to MBIA Inc and will receive the right to buy a 4.9 percent stake in the bond insurer to resolve long-running litigation, the companies said on Monday.
*MBIA shares close up 45 pct, Bank of America up 5.2 pct. May 6- Bank of America Corp has agreed to pay $1.6 billion in cash to MBIA Inc and will receive the right to buy a 4.9 percent stake in the bond insurer to resolve long-running litigation, the companies said on Monday.
*MBIA shares close up 45 pct, Bank of America up 5.2 pct. May 6- Bank of America Corp will pay $1.6 billion in cash to MBIA Inc and receive the right to buy a 4.9 percent stake in the bond insurer to resolve long-running litigation between the companies, the bank said on Monday.
*MBIA shares close up 45 pct, Bank of America up 5.2 pct. May 6- Bank of America Corp will pay $1.6 billion in cash to MBIA Inc and receive the right to buy a 4.9 percent stake in the bond insurer to resolve long-running litigation between the companies, the bank said on Monday.
April 18- Bank of America Corp has launched a bank-wide initiative to boost revenue, but Chief Executive Brian Moynihan has his work cut out in proving that he can get the bank to grow robustly as it moves past its mortgage problems. This month, he met with about 100 of Bank of America's regional banking executives to talk about strategies for winning more business.
Bank of America spokesman Lawrence Grayson declined to comment. The shareholders alleged they had been misled into buying shares of Charlotte, North Carolina- based Bank of America in 2009 and 2010..
April 17- Bank of America Corp's revenue fell across almost all its businesses in the first quarter, and the bank was hit yet again by mortgage mess cleanup costs, showing the difficulties Chief Executive Brian Moynihan faces in moving past the housing crisis. Bank of America shares closed down 4.7 percent at $11.70 on Wednesday.
April 17- Bank of America Corp revenue fell across almost all its businesses in the first quarter, and the bank was further hit by a legal settlement for mortgages, highlighting the difficulties Chief Executive Brian Moynihan faces in moving past the housing crisis.
*EPS 20 cents vs Street view 22 cents. April 17- Bank of America Corp reported a lower-than-expected first-quarter profit and its revenue fell, sending the No. 2 U.S. bank's shares down 3 percent before the bell on Wednesday.
*EPS 20 cents vs Street view 22 cents. April 17- Bank of America Corp reported a lower-than-expected first-quarter profit and its revenue fell, sending the No. 2 U.S. bank's shares down 3 percent before the bell on Wednesday.
The White House had set the agenda for the meeting, a source familiar with the situation said, and the ongoing reform of Wall Street- a hot issue for bank lobbyists- did not appear prominently on the list of topics.
NEW YORK, April 5- Bank of America Corp on Friday won a federal judge's approval for a $2.43 billion settlement with investors who said the lender hid crucial information when it bought Merrill Lynch& Co..
March 28- Bank of America Corp's co-chief operating officer, Tom Montag, was once again the bank's highest paid executive in 2012, as his pay climbed 21 percent to $14.5 million.
March 28- Bank of America Corp's co-chief operating officer, Tom Montag, was once again the bank's highest paid executive in 2012, as his pay climbed 21 percent to $14.5 million.
*Cyprus solution removes a hurdle to stocks' upward move. NEW YORK, March 25- U.S. stocks were set to edge higher at the open on Monday after negotiators reached a deal hours before a deadline to keep Cyprus afloat with a financial bailout and avert the country's possible exit from the euro zone.
*Dell looking into various takeover proposals, shares rise. NEW YORK, March 25- U.S. stock index futures rose on Monday after a deal to avert a financial meltdown in Cyprus, and its possible exit from the euro, zone was reached overnight.