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
Berkshire Hathaway's Warren Buffett and Bank of America's Brian Moynihan provide insight on the pulse of the American consumer and the overall health of business, with CNBC's Becky Quick.
CNBC's Becky Quick sits down with Warren Buffett, Berkshire Hathaway chairman & CEO, and Brian Moynihan, Bank of America CEO, to talk about the debt ceiling, Obamacare and creating jobs in the U.S.
Failure to raise the nation's borrowing authority would be "pretty damn dumb," said billionaire investor Warren Buffett in a taped interview that aired on CNBC Friday.
In an interview on CNBC, investor Warren Buffett said he's having a "hard time finding things to buy" now that stocks are no longer "ridiculously cheap."
CNBC's Becky Quick is joined by Warren Buffett, chairman and CEO of Berkshire Hathaway, and Brian Moynihan, president and CEO of Bank of America, to discuss the Fed's decision to keep intact the bond buying program. Buffett explains why he didn't have any "great expectations" on whether the Fed would taper or not. And Moynihan feels the "economy is very constructive."
Warren Buffett met with Bank of America CEO Brian Moynihan last week for dinner. What was likely on the menu? CNBC's Kayla Tausche has the details.
What's discussed when Warren Buffett and Brian Moynihan have dinner? Likely that Bank of America shares have more than doubled since Buffett took a stake in August 2011.
The CEO of Bank of America and billionaire investor Warren Buffett met for dinner in Omaha two weeks ago, reports CNBC's Kayla Tausche with the details.
The CEO of Bank of America and billionaire investor Warren Buffett met for dinner in Omaha two weeks ago, reports CNBC's Kayla Tausche. On the menu: Berkshire Hathaway's investment in BofA.
Brian Moynihan will address investors at the bank's annual meeting, reports CNBC's Kayla Tausche.
A look at financials pushing markets higher, with Jim Paulsen, Wells Capital Management.
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.
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.
"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.
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.
NEW YORK, Oct 29- Wall Street firms were set to open with limited staffing in New York City on Tuesday as stock markets remained closed due to Hurricane Sandy's approach and many New York- based bank employees worked from home.
*US says bank sold toxic loans to Fannie Mae, Freddie Mac. NEW YORK, Oct 24- The United States filed a fraud lawsuit against Bank of America Corp, accusing it of causing taxpayers more than $1 billion of losses by selling thousands of toxic mortgage loans to Fannie Mae and Freddie Mac.
CNBC's Kayla Tausche reports Bank of America saw its third quarter profit plunge from being hit by charges tied to litigation over its Merrill Lynch acquisition, U.K. taxes, and accounting adjustments.
NEW YORK-- Bank of America said Wednesday that it narrowly turned a profit from July through September, good enough to beat Wall Street expectations. Profits were hurt largely because of a settlement with shareholders who accused the bank of misleading them when it decided in 2008 to purchase Merrill Lynch.