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Bank of America Corp

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  • Dec 17- A former executive of Countrywide Financial, who led a jury to find parent company Bank of America Corp liable for fraud over shoddy mortgages the company sold, will receive a $57 million award for another whistleblower case against his former employer, according to federal court documents. Bank of America acquired Countrywide for $4 billion in 2008,...

  • Most active New York Stock Exchange-traded stocks Wednesday, 17 Dec 2014 | 1:17 PM ET

    NEW YORK— A look at New York Stock Exchange 10 most-active stocks at 1 p.m.:. Alcoa Inc. rose 3.1 percent to $14.88 with 14,660,200 shares traded. Bank of America Corp. rose 2.2 percent to $17.08 with 37,441,100 shares traded.

  • Midday Glance: Banks companies Wednesday, 17 Dec 2014 | 1:17 PM ET

    Bank of America Corp. rose$. 36 or 2.2 percent, to $17.08. Citigroup Inc. rose$. 67 or 1.3 percent, to $51.84. Goldman Sachs rose $2.66 or 1.5 percent, to $185.97.

  • WASHINGTON, Dec 17- The U.S. credit union regulator said on Wednesday it filed a lawsuit against U.S. Bank and Bank of America over mortgage securities sold in the years leading up to the financial crisis. The regulator accused U.S. Bank and Bank of America of knowing about defects in the mortgage loans but not providing required notices to the investors.

  • WASHINGTON, Dec 17- The U.S. National Credit Union Administration said on Wednesday it filed a lawsuit against U.S. Bank and Bank of America over mortgage securities. The regulator said the banks broke state and federal laws by failing their duties as trustees for 99 securities trusts. The lawsuit is related to $5.8 billion in securities sold to five credit...

  • Early Glance: Banks companies Wednesday, 17 Dec 2014 | 10:16 AM ET

    Bank of America Corp. rose$. 20 or 1.2 percent, to $16.92. Citigroup Inc. rose$. 43 or. 8 percent, to $51.60. Goldman Sachs rose $2.47 or 1.3 percent, to $185.78.

  • Dec 16- When the almost 11,000 financial advisers in Wells Fargo& Co's branch brokerage system get their 2015 compensation plan on Wednesday they may grimace at one change that could hit their pay, or cost their customers a little more. Morgan Stanley, the largest U.S. brokerage firm with more than 16,000 advisers, for example, does not credit brokers for purchases...

  • Dec 16- When the almost 11,000 financial advisers in Wells Fargo& Co's branch brokerage system get their 2015 compensation plan on Wednesday they may grimace at one change that could hit their pay, or cost their customers a little more. Morgan Stanley, the largest U.S. brokerage firm with more than 16,000 advisers, for example, does not credit brokers for purchases...

  • Dec 16- When the almost 11,000 financial advisers in Wells Fargo& Co's branch brokerage system get their 2015 compensation plan on Wednesday they may grimace at one change that could hit their pay, or cost their customers a little more. Morgan Stanley, the largest U.S. brokerage firm with more than 16,000 advisers, for example, does not credit brokers for purchases...

  • Final Glance: Banks companies Tuesday, 16 Dec 2014 | 6:41 PM ET

    Bank of America Corp. fell$. 13 or. 8 percent, to $16.72. Citigroup Inc. fell $1.62 or 3.1 percent, to $51.17. Goldman Sachs fell $2.23 or 1.2 percent, to $183.31.

  • Midday Glance: Banks companies Tuesday, 16 Dec 2014 | 1:20 PM ET

    Bank of America Corp. rose$. 16 or. 9 percent, to $17.01. Citigroup Inc. fell$. 75 or 1.4 percent, to $52.04. Goldman Sachs rose$. 06 or percent, to $185.60.

  • Most active New York Stock Exchange-traded stocks Tuesday, 16 Dec 2014 | 1:20 PM ET

    NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. AT&T Inc. fell. 3 percent to $32.14 with 28,012,800 shares traded. Alcoa Inc. fell 3.3 percent to $14.43 with 28,408,000 shares traded.

  • Mortgage deal monitor: Ocwen review may be flawed Tuesday, 16 Dec 2014 | 12:18 PM ET

    WASHINGTON— The monitor overseeing a national mortgage settlement said Tuesday that Ocwen Financial Corp., one of the biggest U.S. servicers of home loans, has produced unreliable information about its business practices. Joseph Smith, who is monitoring banks' and mortgage servicers' compliance with the $25 billion settlement over foreclosure abuses, said...

  • Dec 16- The Financial Industry Regulatory Authority, Wall Street's industry-funded regulator, fined Bank of America Corp's Merrill Lynch unit $1.9 million for unfair pricing related to the purchase of distressed securities over two years. Merrill Lynch's global banking and markets credit trading desk had bought senior notes of Motors Liquidation Co,...

  • Early Glance: Banks companies Tuesday, 16 Dec 2014 | 10:20 AM ET

    Bank of America Corp. fell$. 07 or. 4 percent, to $16.78. Citigroup Inc. fell$. 71 or 1.3 percent, to $52.08. Goldman Sachs fell $1.73 or. 9 percent, to $183.81.

  • WASHINGTON, Dec 16- Ocwen Financial Corp's mortgage servicing operations were criticized on Tuesday by a watchdog who questioned the independence of an internal audit group, adding to previous concerns from regulators. Ocwen is subject to the watchdog's oversight because it had acquired mortgage servicing rights from a unit of Ally Financial Inc. That...

  • Final Glance: Banks companies Monday, 15 Dec 2014 | 6:08 PM ET

    Bank of America Corp. fell$. 28 or 1.6 percent, to $16.85. Citigroup Inc. fell$. 61 or 1.1 percent, to $52.79. Goldman Sachs fell $3.28 or 1.7 percent, to $185.54.

  • Midday Glance: Banks companies Monday, 15 Dec 2014 | 1:43 PM ET

    Bank of America Corp. fell$. 15 or. 9 percent, to $16.98. Citigroup Inc. fell$. 24 or. 4 percent, to $53.16. Goldman Sachs fell $1.49 or. 8 percent, to $187.33.

  • Most active New York Stock Exchange-traded stocks Monday, 15 Dec 2014 | 1:43 PM ET

    NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. AT&T Inc. rose. 3 percent to $32.25 with 29,651,300 shares traded. Alcoa Inc. rose. 4 percent to $14.93 with 25,538,500 shares traded.

  • Why oil is down by half, what it means for you Monday, 15 Dec 2014 | 12:33 PM ET

    To put that in perspective, that increase alone is more than the production of any OPEC member other than Saudi Arabia. A balance was struck: Increasing supplies from outside of OPEC and from Iraq's recovering oil industry helped meet rising demand around the world as other OPEC supplies waivered. But now those OPEC supplies look more certain despite...