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Bank of America Corp

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  • NEW YORK/ LONDON, June 29- Mergers and acquisitions worldwide in the second quarter of 2015 almost matched the record set in the second quarter of 2007, according to preliminary Thomson Reuters data, as big companies turned to deals to boost their market share. These include Royal Dutch Shell Plc's $70 billion acquisition of British rival BG Group Plc, cable...

  • *Euro STOXX 50 index- biggest one-day fall since 2011. June 29- U.S. stocks extended their losses in heavy trading on Monday, adding to a global selloff, after a collapse in Greek bailout talks intensified fears that the country could be the first to exit the euro zone. In Europe, the blue-chip Euro STOXX 50 index suffered its biggest one-day fall since 2011..

  • LONDON, June 29- China's banks are strengthening their position as the best capitalised and biggest profit makers in the world, a study showed on Monday. Industrial and Commercial Bank of China's $59.1 billion profit last year topped the rankings, ahead of China Construction Bank, Agricultral Bank of China and Bank of China. U.S. bank Wells Fargo ranked fifth with...

  • AMSTERDAM, June 26- ABN Amro will help lead manage its own initial public offering, the Dutch government agency tasked with overseeing the deal said on Friday. ABN Amro's fee will be no more than the lowest fee agreed with another bank performing the same job, it said. It granted ABN Amro the right to appoint one of the investment banks that will help lead the offering.

  • Where value investor Bill Nygren sees opportunity Thursday, 25 Jun 2015 | 5:59 PM ET
    Bill Nygren

    Noted value investor Bill Nygren sees an "unusually large" opportunity in Europe, as well as certain U.S. names.

  • Supreme Court upholds key tool for fighting housing bias Thursday, 25 Jun 2015 | 10:10 AM ET

    In upholding the tactic, the Supreme Court preserved a legal strategy that has been used for more than 40 years to attack discrimination in zoning laws, occupancy rules, mortgage lending practices and insurance underwriting. Every federal appeals court to consider it has upheld the practice, though the Supreme Court had never previously ruled.

  • Banks scaling down discounts for Russell rebalancing Thursday, 25 Jun 2015 | 8:19 AM ET
    Pedestrians pass in front of a Wall Street sign in New York.

    With the annual rebalance of the Russell stock indexes just a day away, brokerage firms are shaving the discounts they typically offer.

  • On Friday, Russell will announce the names of some 128 companies that it is adding to its widely-followed Russell 2000 index of small companies. And that's when the big index fund providers- including Vanguard Group, Dimensional Fund Advisors and BlackRock Inc- must adjust their portfolios by buying the new stocks and selling the old. As recently as three years...

  • Most millionaire business owners dropping this ball Tuesday, 23 Jun 2015 | 11:56 AM ET
    Concerned businessman

    Nearly two-thirds of business owners do not have a succession plan, which could include either a sale or transfer of the company.

  • After 2 years of misery, Ma Bell breaking out Tuesday, 23 Jun 2015 | 11:23 AM ET
    An AT&T store in New York.

    Wall Street is starting to love shares of AT&T. Here's why.

  • Asia renewable bond market set for takeoff: ADB Monday, 22 Jun 2015 | 9:34 PM ET
    Cows graze in front of wind turbines at the Bharat Light & Power Amberi wind farms in Rewalkawadi, Maharashtra, India.

    Renewable energy bond issuance is set to take off in Asia as new regulations push banks to step back from extending loans to projects, the ADB said.

  • NEW YORK, June 18- Bank of America Corp's Merrill Lynch hired 20 brokers over the last week who managed a combined $1.8 billion in assets at their previous firms, including a dozen from the recently sold Barclays Plc's U.S. wealth and investment management unit, according to Bank of America news release. Two of the biggest money-making advisers to join Merrill...

  • Financial stocks break out midyear on Fed Thursday, 18 Jun 2015 | 11:37 AM ET
    A JPMorgan office building in New York.

    Financial stocks are surging, thanks to the Fed's signals it is raising rates and recommendations by major Wall Street research shops.

  • WASHINGTON, June 17- A U.S. bank regulator on Wednesday said it imposed restrictions on mortgage servicing against HSBC, Wells Fargo and four others because they failed to meet all of the requirements of a major settlement. Wells Fargo and HSBC face the toughest restrictions, the OCC said on Wednesday, and JPMorgan Chase, EverBank, Santander and U.S. Bank also will...

  • UPDATE 1-Banks' forex lawsuit settlements near $2 bln-WSJ Wednesday, 17 Jun 2015 | 11:58 AM ET

    HSBC Holdings Plc, Barclays Plc, BNP Paribas SA and Goldman Sachs Group Inc have recently signed agreements to settle the case, the Journal reported, citing people familiar with the matter. HSBC has agreed to pay $285 million and Barclays $375 million, the Journal reported. Other defendants include Citigroup Inc, Credit Suisse Group AG, Deutsche Bank AG, Morgan...

  • Govt lifts 'robosigning' restrictions on certain banks Wednesday, 17 Jun 2015 | 11:00 AM ET
    Pedestrians walk in front of Wells Fargo headquarters in San Francisco, California.

    Restrictions against some firms stemmed from foreclosures that had not actually been reviewed before signing.

  • WASHINGTON, June 17- A U.S. bank regulator on Wednesday said it imposed restrictions on mortgage servicing against HSBC, Wells Fargo and four others because they failed to meet all of the requirements of a major settlement. Wells Fargo and HSBC face the toughest restrictions, the OCC said on Wednesday, and JPMorgan Chase, EverBank, Santander and U.S. Bank also will...

  • Goldman to summer interns: Go home at night! Wednesday, 17 Jun 2015 | 9:27 AM ET
    Traders work at the Goldman Sachs booth on the floor of the New York Stock Exchange.

    Goldman Sachs has told its summer investment banking interns not to stay in the office overnight in a bid to improve working conditions for its junior staff.

  • NEW YORK, June 17- Goldman Sachs Group Inc has told its summer investment banking interns not to stay in the office overnight in a bid to improve working conditions for its junior staff. The moves came after the death of a Bank of America Corp intern in London in 2013 fueled concerns over working excessive hours. Bank of America said at the time it would recommend...

  • Banks' forex lawsuit settlements near $2 bln-WSJ Wednesday, 17 Jun 2015 | 9:07 AM ET

    HSBC Holdings Plc, Barclays Plc, BNP Paribas SA and Goldman Sachs Group Inc have recently signed agreements to settle the case, the Journal reported, citing people familiar with the matter. HSBC has agreed to pay $285 million and Barclays $375 million, the Journal said. HSBC, Barclays, BNP Paribas and Goldman Sachs could not be immediately reached for comment.