Citigroup cut CEO Corbat's pay by about 7 percent in 2014, a year in which the bank's profit nearly halved due to higher legal costs and a slump in bond trading.» Read More
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...
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.
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.
Oct 1- Bank of America Corp 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."
CEOs from major banks met with President Obama on Wednesday and warned of the consequences if lawmakers fail to raise the US debt ceiling.
Homebuying has remained "pretty strong" despite higher mortgage rates, but refinancing has dropped "quite a bit," Bank of America CEO Brian Moynihan told CNBC.
CNBC's Becky Quick talks with Warren Buffett, Berkshire Hathaway chairman & CEO, and Brian Moynihan, Bank of America CEO, about what prompted Buffett to invest in the big bank two years ago and if he will eventually exercise his warrants to buy 700 million shares of BAC for $7.14 per share.