Bank of America on Monday announced it will allow shareholders to vote on a change in bylaws that gave Brian Moynihan the duel role of CEO and chairman.» Read More
NEW YORK, Dec 31- Ambac Assurance Corp sued Bank of America Corp to recoup hundreds of millions of dollars of losses from insuring roughly $1.68 billion of securities backed at least in part by risky mortgages from the bank's Countrywide Home Loans unit. "Countrywide's fraud is borne out by the transactions' dismal performance," said Ambac, which in September 2010...
NEW YORK, Dec 31- Ambac Assurance Corp sued Bank of America Corp to recoup hundreds of millions of dollars of losses from insuring roughly $1.68 billion of securities backed at least in part by risky mortgages from the bank's Countrywide Home Loans unit. Bank of America, the second-largest U.S. bank, bought Countrywide in July 2008. The lawsuit shows how Charlotte,...
Less cash flow from oil companies could pinch loan payments to banks but more gas savings in consumers' wallets will create new business.
CNBC's Kayla Tausche explains how a presentation by Bank of America CEO Brian Moynihan is causing the bank's stock to move today.
Bank of America Chairman and Chief Executive Brian Moynihan has been quietly retooling the bank while working to end legal problems.
CNBC's Kayla Tausche breaks down Bank of America's third quarter results.
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.
The JPMorgan CEO sees one thing that could derail the recovery: The $3.2 trillion nonbank financial system, or "shadow banks."
Bank of America said it named Chief Executive Brian Moynihan as chairman of its board, effective immediately.
Bank of America directors are supportive of its proposed $16 billion to $17 billion mortgage-securities settlement, according to someone familiar with the matter.
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.
The U.S. Federal Reserve approved a resubmitted capital plan from Bank of America, which announced it has raised its dividend.
Mortgage revenue fell and litigation costs increased for Bank of America in the second quarter.
Bank of America has asked the U.S. Attorney General to meet with its chief executive officer in an attempt to resolve differences over a mortgage settlement.
When investors get to speak at the annual meeting of banks, anger, scorn and even singing can result.
Jimmy Fallon, what an extraordinary man, says musician Bono, discussing his upcoming performance on The Tonight Show when Jimmy Fallon makes his debut as the show's host.
Musician Bono discusses his partnership with Bank of America to create funds to fight and prevent AIDS. We have to keep public pressure to get money from government budgets, says Bono.
The "Squawk on the Street" news team share their views on the big bank's earnings and outlook.
David Hilder, Drexel Hamilton analyst, breaks down the big bank's fourth quarter earnings. The investment bank and capital markets business is performing very well, says Hamilton.
Bank of America president and CEO Brian Moynihan told CNBC's Maria Bartiromo that he sees unemployment "working its way down."