Brian Moynihan will address investors at the bank's annual meeting, reports CNBC's Kayla Tausche.» Read More
BOSTON/ CHARLOTTE, March 25- Bank of America Corp Chief Executive Brian Moynihan will need to hold shares likely worth millions of dollars for at least a year after he retires, under a new compensation policy that the bank instituted following investor pressure.
*Meeting included AT&T, Honeywell, Northrop Grumman CEOs. The White House has elevated the issue after efforts to improve U.S. cyber defenses through new laws failed in Congress last year.
*Banks accused of failing to withdraw Herbalife financing. March 13- A short seller in Herbalife Ltd's stock has sued officials at three major U.S. banks as well as activist investor Carl Icahn, saying they are helping perpetuate a fraudulent pyramid scheme at the nutritional products company.
Hong Kong, March 8- Bank of America Corp will seek more lending and cash management business with companies in Asia and elsewhere outside its U.S. home turf, Chief Executive Brian Moynihan said, an area ripe for expansion where it lags its big rivals.
NEW YORK, Feb 21- Citigroup Inc said on Thursday it has overhauled an executive pay plan that shareholders rejected last year as overly generous, revising it to tie bonus payments more closely to stock performance and profitability.
*2013 salary will increase to $1.5 million from $950,000- source. Feb 19- Bank of America Corp's CEO Brian Moynihan was awarded a 73 percent pay increase in 2012, when the institution resolved crisis-era lawsuits and its stock was one of the sector's top performers. Analysts have said that Bank of America has not fully moved past the financial crisis.
Bank of America CEO Brian Moynihan got a 73% pay increase in 2012, when the bank resolved crisis-era lawsuits and its stock was one of the sector's top performers.
*2013 salary will increase to $1.5 million from $950,000. Feb 19- Bank of America Corp Chief Executive Brian Moynihan's pay increased 73 percent in 2012 from the previous year to $12.1 million, as the bank gave him a bigger package of stock awards.
Jan 28- Bank of America Corp must focus on improving customer service as it moves past its crisis-era problems, CEO Brian Moynihan said in a letter sent to employees, signaling one of his strategies for boosting revenue at the bank.
Bank of America's CEO Brian Moynihan is expecting to see companies and investors become more aggressive with their cash as uncertainty fades.
CNBC's Maria Bartiromo sits down with Brian Moynihan, President & CEO, Bank of America, at the World Economic Forum in Davos, Switzerland, to discuss how the company managed to rise among its financial peers and post a twenty percent gain in the past three months.
Jan 23- Bank of America Corp on Wednesday appointed two new directors as the second-largest U.S. bank continues to revamp a board that is likely to lose members to retirement this year.
Jan 18- Brian Moynihan is known inside Bank of America Corp as a problem-fixer and a cost-cutter, according to two executives who have worked with him, and in his three years as the bank's chief executive, he has had that reputation tested like never before. Now, proof of his abilities is beginning to show.
Jan 18- Bank of America Corp's Brian Moynihan is known as a problem-fixer and cost-cutter and in his three years as the bank's CEO, he has had that reputation tested like never before. Now, proof of his abilities is beginning to show.
*Net income $5.69 billion vs $3.73 billion year earlier. NEW YORK, Jan 16- Jamie Dimon, JPMorgan Chase's Chief Executive, had his 2012 bonus cut in half after the bank's board decided he should shoulder blame for $6.2 billion of "London Whale" trading losses.
Jan 7- Bank of America Corp said it will pay $3.6 billion to Fannie Mae to settle claims related to residential mortgage loans for the nine years to the end of 2008.. The bank also entered into agreements with Nationstar Mortgage Holdings LLC and Walter Investment Management Corp to sell about $306 billion of residential mortgage servicing rights.
CHARLOTTE, N.C., Dec 18- Bank of America Corp needs to show the U.S. Federal Reserve it can produce consistent earnings as part of the annual process to gain permission to return more capital to shareholders, CEO Brian Moynihan said in an interview.
"We changed our position to be direct to consumers," said Brian Moynihan, Bank of America president & CEO, discussing changes in his company's mortgage business, with CNBC's Diana Olick.
NEW YORK, Dec 3- Sallie Krawcheck has been quietly raising her profile in Washington. For six months the former executive at Bank of America and Citigroup has been meeting with lawmakers on both sides of the aisle, offering her insights on a variety of issues including "too big to fail banks" and money market fund reform.
Nov 2- Bank of America Corp could already be above capital requirements issued on Thursday by global regulators, the bank's chief financial officer said. If the bank's models were approved, Bank of America would be in ``excess'' of the FSB's guidelines, CFO Bruce Thompson said Friday at an investor conference.