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Brian Moynihan

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  • April 16- Bank of America Corp's financial crisis hangover is lasting longer than expected, leading some investors to wonder if the massive litigation expenses being incurred have become a recurring cost of doing business instead of being dismissed as one-time items.

  • April 16- Bank of America Corp's mortgage pain is lasting longer than expected, leading some investors to wonder if the massive expenses being incurred have become a recurring cost of doing business instead of being dismissed as one-time items.

  • Bank of America posts loss, hurt by legal charges Wednesday, 16 Apr 2014 | 7:41 AM ET

    CHARLOTTE, N.C.— Bank of America said Wednesday that it swung to a loss in the first quarter, hurt by $6 billion in legal charges.

  • April 16- Bank of America Corp posted a first-quarter loss as the No. 2 U.S. bank recorded $6 billion in litigation expenses related to a settlement with the Federal Housing Finance Agency and other mortgage-related matters.

  • BofA executives' pay rose 12 percent in 2013 Friday, 7 Mar 2014 | 4:33 PM ET

    March 7- Bank of America Corp gave its top executives a collective 12 percent pay raise in 2013, according to a filing with the U.S. Securities and Exchange Commission on Friday.

  • UPDATE 1-BofA CEO Moynihan awarded $14 million in 2013 Wednesday, 19 Feb 2014 | 8:13 PM ET

    In 2012, Moynihan was awarded $12 million in total compensation: a base salary of $950,000 and $11.05 million in restricted stock. Shares in Bank of America increased 34.6 percent in 2013, in line with the rise in the KBW index of bank stocks over the year. Average pay for workers at Bank of America was $143,397 in 2013, up 7.5 percent from 2012..

  • ANALYSIS-To sell more, BofA turns to existing clients Thursday, 30 Jan 2014 | 12:41 PM ET

    Jan 30- Bank of America Corp is trying to solve one of the most difficult problems that big banks face: convincing reluctant employees to sell more products to current customers, who are themselves reluctant to buy them.

  • Jan 15- Bank of America Corp said on Wednesday its quarterly profit surged by nearly $3 billion as revenue increased and mortgage losses plunged, the clearest sign yet the bank was shaking off the impact of the financial crisis. Bank of America's shares rose 2.3 percent to $17.15 on Wednesday, after earlier rising to $17.42, the highest level since May 2010.

  • Jan 15- Bank of America Corp said on Wednesday quarterly profit surged by nearly $3 billion as revenue increased and mortgage losses plunged, the clearest sign yet the bank was shaking off the impact of the financial crisis.

  • Jan 15- Bank of America Corp said its quarterly profit surged by nearly $3 billion, as revenue increased and mortgage losses plunged in the clearest sign yet the bank was shaking off the impact of the financial crisis. The purchase has cost Bank of America more than $45 billion in writedowns and legal settlements.

  • Jan 15- Bank of America Corp, the No.2 U.S. bank, reported a stronger-than-expected quarterly profit, driven by a steep fall in mortgage losses and provisions to cover bad loans. Bank of America joins JPMorgan Chase& Co and Wells Fargo& Co in reporting better-than-expected quarterly earnings.

  • UPDATE 1-BofA profit soars as loan-loss provision falls Wednesday, 15 Jan 2014 | 7:30 AM ET

    Jan 15- Bank of America Corp, the second-largest U.S. bank, reported an eight-fold jump in fourth-quarter profit, driven by a steep fall in provisions to cover bad loans.

  • Bank of America ramps up credit card loans Wednesday, 8 Jan 2014 | 10:42 AM ET

    Jan 8- Bank of America Corp's credit card unit did something surprising in the third quarter: it grew. The second largest U.S. bank has been cleaning up and shrinking its credit card portfolio since 2009, after getting burned by bad loans.

  • WASHINGTON, Dec 10- U.S. banks will no longer be able to make big trading bets with their own money after regulators finalized on Tuesday a rule shutting down what was a hugely profitable business for Wall Street before the credit crisis.

  • BofA's CEO: Consumers are healthier     Tuesday, 5 Nov 2013 | 4:24 PM ET

    Bank of America president and CEO Brian Moynihan told CNBC's Maria Bartiromo that he sees unemployment "working its way down."

  • NEW YORK, Nov 4- Bank of America Corp has won the dismissal of an unusual lawsuit in which shareholders accused it of concealing a $10 billion fraud case brought by American International Group Inc..

  • Oct 24- Bank of America Corp said on Thursday that it was cutting up to 4,000 mortgage jobs as fewer borrowers refinance, and fewer home loans go bad. Wells Fargo& Co, JPMorgan Chase& Co and Citigroup Inc. have announced thousands of layoffs among them in recent months.

  • Oct 24- Bank of America Corp said on Thursday that it was cutting up to 4,200 mortgage jobs as fewer borrowers refinance, and fewer home loans go bad. Wells Fargo& Co, JPMorgan Chase& Co and Citigroup Inc. have announced thousands of layoffs among them in recent months.

  • Oct 24- Bank of America Corp said on Thursday that it was cutting 1,200 to 1,300 mortgage jobs because of declines in refinancing activity and an improvement in its portfolio of delinquent home loans. The newspaper also said Bank of America was looking to cut 3,000 mortgage jobs by the end of the year.

  • Bank of America to eliminate 3,000 mortgage jobs -WSJ Thursday, 24 Oct 2013 | 11:42 AM ET

    Oct 24- Bank of America Corp is looking to cut 3,000 mortgage jobs before the end of the year to cope with declines in refinancing and in its portfolio of delinquent home loans, according to the Wall Street Journal. A Bank of America spokesman did not immediately respond to a request for comment.

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