As they struggle to find new business to bolster earnings, banks consider the nation’s 25 million veterans and service members ideal customers.» Read More
Bank of America Corp. rose$. 08 or. 5 percent, to $16.09. Citigroup Inc. rose$. 26 or. 5 percent, to $51.65. JPMorgan Chase rose$. 29 or. 5 percent, to $59.45.
NEW YORK— The latest banks are small enough to fit in the palm of your hand. Startups, such as Moven and Simple, offer banking that's designed specifically for smartphones, enabling users to track their spending on the go. Like traditional banks, customers open a checking account, get a debit card and are able to make check deposits and pay their bills.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. Bank of America Corp. rose. 5 percent to $16.09 with 48,105,900 shares traded. Ford Motor Co. fell. 1 percent to $17.41 with 15,003,600 shares traded.
Bank of America Corp. rose$. 07 or. 4 percent, to $16.08. Citigroup Inc. rose$. 24 or. 5 percent, to $51.63. Goldman Sachs rose$. 83 or. 5 percent, to $178.48.
NAB acquired regional lender Great Western in 2008 for just below $1 billion to get more involved in funding agribusiness in the United States, but the operation lacks the scale of larger competitors in the western states where it operates.
Bank of America Corp. fell$. 19 or 1.2 percent, to $16.01. Citigroup Inc. fell$. 47 or. 9 percent, to $51.39. Wells Fargo fell$. 19 or. 4 percent, to $51.15.
NEW YORK, Aug 28- Bank of America Corp on Thursday asked a federal judge to throw out a jury verdict finding it liable for fraud over defective mortgages sold by its Countrywide unit that resulted in a $1.27 billion penalty.
Transtar's owner, private equity firm Friedman Fleischer& Lowe LLC, has hired investment banks Bank of America Corp and Harris Williams& Co to run an auction for the company, the people said this week. Friedman Fleischer& Lowe, Transtar and Bank of America declined to comment.
NEW YORK— JPMorgan Chase, the nation's biggest bank by assets, is working with law enforcement officials to investigate a possible cyberattack, said a person familiar with the situation who spoke on condition of anonymity, though the bank isn't currently seeing any unusual fraud activity at the time.
Bank of America Corp. fell$. 14 or. 9 percent, to $16.06. Citigroup Inc. fell$. 35 or. 7 percent, to $51.51. Goldman Sachs fell$. 65 or. 4 percent, to $177.16.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. Bank of America Corp. fell 1.2 percent to $16.01 with 60,296,800 shares traded. Cliffs Natural Resources Inc. fell 6.1 percent to $15.06 with 12,461,500 shares traded.
Bank of America Corp. fell$. 14 or. 9 percent, to $16.06. Citigroup Inc. fell$. 37 or. 7 percent, to $51.49. Goldman Sachs fell $1.05 or. 6 percent, to $176.76.
The FDIC reported that U.S. banks earned $40.2 billion in the second quarter of this year, up from $38.2 billion in the same period in 2013.. The FDIC said 57.5 percent of banks reported an increase in profit in the second quarter from a year earlier, and only 6.8 percent of banks were unprofitable— down from 8.4 percent a year earlier.
Several left-leaning critics were sent packing in a Cabinet shakeup that sent a message to international investors, European allies and millions of French: France is willing to embrace more free market policies and often unpopular reforms to tackle double-digit unemployment and zero economic growth.
The Chinese government launched a "fresh round of mini-stimulus" to counter growth headwinds, according to a Bank of America Merrill Lynch report.
Bank of America Corp. fell$. 13 or. 8 percent, to $16.20. Citigroup Inc. fell$. 27 or. 5 percent, to $51.86. Morgan Stanley fell$. 27 or. 8 percent, to $34.13.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. Bank of America Corp. fell. 8 percent to $16.20 with 57,378,500 shares traded. Ford Motor Co. rose 1.0 percent to $17.36 with 17,803,800 shares traded.
WASHINGTON— Federal regulators on Wednesday voted to require financial firms that sell securities backed by loans, like the kind that fueled the 2008 financial crisis, to give investors details on borrowers' credit records and income. The Securities and Exchange Commission adopted the rules for securities linked to mortgages and auto loans on a 5-0 vote.
Bank of America Corp. rose$. 04 or. 2 percent, to $16.33. Citigroup Inc. rose$. 50 or 1.0 percent, to $52.13. Goldman Sachs rose$. 03 or percent, to $177.90.
CHARLOTTE, N.C., Aug 26- President Barack Obama sought to make amends with veterans on Tuesday, announcing steps to expand their access to mental health care and an initiative with financial companies to lower home loan costs for military families.