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Brian Moynihan

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  • NEW YORK, Nov 6- A number of high-profile brokers have left Bank of America Corp's Merrill Lynch wealth management unit in recent weeks, and top executives at the company have grown concerned enough to ask business head John Thiel to explain the departures, three sources familiar with the matter told Reuters. The brothers had been with Merrill Lynch for decades,...

  • *Q3 net loss $0.01/ shr vs. profit $0.20 year earlier. Oct 15- Bank of America Corp said on Wednesday that it has moved past the worst of its legal settlements linked to the financial crisis, after its latest big legal charge brought the bank's common shareholders a net loss for the third quarter. In the most recent settlement, the bank paid $16.65 billion to resolve...

  • NEW YORK, Oct 15- The global wealth and investment management businesses contributed 21.7 percent of Bank of America Corp's revenue in the third quarter, the highest since the bank took over brokerage giant Merrill Lynch during the depths of the financial crisis in 2009.. Revenue from the retail brokerage, private banking and financial planning businesses...

  • Oct 15- Bank of America Corp, the No. 2 U.S. bank by assets, reported a small quarterly loss applicable to common shareholders on Wednesday, largely due its record $16.65 billion mortgage settlement with the U.S. government in August. The bank posted a net loss attributable to shareholders of $70 million, or 1 cent per share, for the three months ended Sept. 30, compared...

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

    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.

  • Oct 1- Bank of America Corp said it named Chief Executive Brian Moynihan as chairman of its board, effective immediately. Bank of America posted a bigger-than-expected 70 percent jump in profit in the latest quarter. They closed at $16.82 on the New York Stock Exchange on Wednesday.

  • Bank of America names CEO Moynihan chairman of board Wednesday, 1 Oct 2014 | 5:07 PM ET

    Oct 1- Bank of America Corp said it named Chief Executive Brian Moynihan as chairman of its board, effective immediately.

  • NEW YORK, Sept 16- Bank of America Corp gave up about $6 billion in annual revenue by phasing out risky consumer banking products and eliminating certain fees, but the long-term impact on profits should be minimal, a top executive said on Tuesday.

  • NEW YORK, Aug 21- Bank of America Corp has long argued to enforcement officials that it was being forced to pay for the sins of companies it acquired in the crisis, but on Thursday the bank admitted at least some of its mortgage problems happened on its watch.

  • NEW YORK, Aug 21- Bank of America's decision to pay $16.7 billion to settle charges stemming from the sale of mortgage-backed securities may finally allow the company to put last decade's housing bubble behind it, fund managers and analysts say.

  • NEW YORK, Aug 21- Bank of America's decision to pay $16.7 billion to settle charges stemming from the sale of mortgage-backed securities may finally allow the company to put last decade's housing bubble behind it, fund managers and analysts say.

  • WASHINGTON, Aug 21- Bank of America Corp has reached a $16.65 billion settlement with U.S. regulators to settle charges that it misled investors into buying troubled mortgage-backed securities. Bank of America said the accord is expected to reduce third-quarter earnings by about $5.3 billion before taxes, or about 43 cents per share after taxes.

  • Aug 18- Thomas Montag will become Bank of America Corp's sole chief operating officer as co-COO David Darnell takes a new title after asking to relocate to Florida, Bloomberg reported. Montag will continue to head the investment banking and capital markets businesses, the Bloomberg report said.

  • 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.

  • Aug 6- Bank of America Corp is close to a deal with the U.S. Department of Justice to pay more than $16.5 billion to end investigations into mortgage securities that the bank and companies it bought sold in the run-up to the financial crisis, a person familiar with the matter said on Wednesday.

  • 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.

  • UPDATE 1-BofA raises dividend for first time in 7 years Wednesday, 6 Aug 2014 | 9:41 AM ET

    Aug 6- Bank of America Corp said it would increase its quarterly dividend to 5 cents per shares from 1 cent per share, its first dividend hike in seven years. The Federal Reserve approved Bank of America's updated capital plan, which included an increase in common stock dividend but no share repurchases, the company said in a statement on Wednesday.