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
*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.
Bank of America bulls are feeling brilliant, as their bank is up 47 percent. They should be congratulated, assuming they didn't buy the shares on Sept. 8, 2008, when Charlie Peabody, analyst at Portales Partners, told them to buy.
Bank of America CEO Brian Moynihan sounded optimistic Wednesday about a US economic recovery and discussed his plan to improve the company’s stock price.
For the first time in our survey, not one newsmaker emerged a winner. See how President Obama, Bernanke, Brian Moynihan and others fared.
As we seek your votes on this year's candidates, you’ll note that we have few repeats from 2010 and only one person who also made our inaugural list of 2009.
Chief Executive Brian Moynihan's job is safe, Bank of America Chairman Charles Holliday told CNBC Thursday.
The news the Federal Reserve will be publishing the results of its latest stress test next year has sent a ripple of fear through the investing community.
CNBC's Joe Kernen and Andrew Ross Sorkin breakdown Bank of America's Q3 results.
In September 2011, Bank of America announced that it would charge customers a monthly fee of $5 for debit card use. Consumers may be unhappy with the decision, but they’re already paying fees on their credit and debit cards all the time. Here are some things to watch out for to avoid paying extra fees on credit and debit cards.
Is Bank of America losing billions from the Dodd-Frank bill? The Fast Money traders weigh in on the legislation's impact on banks, and Brian Stutland, Stutland Equities, offers a risk-reversal play on Akamai takeover speculation.
Bank of America CEO Brian Moynihan defended the bank's decision to impose a $5 debit card fee on customers next year, saying it was needed, in part, to recoup billions of dollars in costs from complying with Dodd-Frank law.
Bank of America CEO Brian Moynihan talks to CNBC's Larry Kudlow about the bank's decision to charge fees for debit card use, the Durbin tax, and how retail banks can rebuilt profitability and provide good customer service. The interview took place at the Atlantic Monthly Washington Ideas Forum.
This is a transcript of Warren Buffett's live interview on CNBC with Andrew Ross Sorkin on Friday, September 30, 2011. In it, Buffett says he thinks it is "very, very unlikely" the U.S. economy will go back into recession. He also reveals that Berkshire has been buying billions of dollars worth of inexpensive stocks during the third quarter, and has just started to repurchase its own shares.
CNBC's Mary Thompson has the story on Bank of America's plan to cut jobs.
CNBC's Steve Liesman breaks down the numbers on the latest NFIB index, and a look at how CEO Brian Moynihan plans to stabilize Bank of America, with CNBC's Mary Thompson.
Bank of America's CEO Brian Moynihan once again laid out his company's plan to meet regulatory capital requirements and denied that the company will have to issue new stock to raise capital. The bank can meet its requirements simply by retaining profits.
When Brian Moynihan took over Bank of America in 2010, Ken Lewis said that his nickname for the now-CEO was, "Tazmanian Devil."
If you dropped in on any of the usual Wall Street watering holes or eateries last night, you would have almost surely heard guys with well-pressed open collared shirts talking about Tom Montag.