GO
Loading...

Enter multiple symbols separated by commas

Bank of America Corp

More

  • May 20- Six big banks agreed to pay $5.7 billion to U.S. and UK authorities on Wednesday over allegations they rigged currency markets, taking the industry's bill for the scandal to more than $10 billion. JPMorgan, Citigroup, UBS, Barclays and RBS agreed settlements with the U.S. Department of Justice. Barclays was also slapped with fines from other UK and U.S....

  • NEW YORK, May 20- Five of the world's largest banks, including JPMorgan Chase& Co and Citigroup Inc, were fined roughly $5.7 billion, and four of them pleaded guilty to U.S. criminal charges over manipulation of foreign exchange rates, authorities said on Wednesday. British banks Barclays Plc will pay $650 million in criminal penalties and Royal Bank of Scotland...

  • *Barclays fined $2.4 bln, fires 8 employees. *Citi, Barclays, JP Morgan and RBS plead guilty. Traders at Citigroup, JP Morgan, Barclays and Royal Bank of Scotland, who described themselves as "The Cartel", used an invitation-only electronic chatroom and coded language to manipulate the price of U.S. dollars and euros between December 2007 and January 2013, according to...

  • LONDON, May 20- Swiss bank UBS said it has settled a probe by U.S. authorities over alleged rigging of currency markets and will pay $342 million to the Federal Reserve. UBS said it would also pay a $203 million penalty and plead guilty to criminal charge with the U.S. Department of Justice, but that relates to manipulation of Libor benchmark interest rates.

  • SEATTLE, May 20- Microsoft's plan to make its new version of Windows a mobile hit by letting it accept tweaked Apple and Android apps has met an obstacle: some of the software developers the company needs to woo just aren't interested. Windows phones accounted for just 3 percent of global smartphone sales last year, compared with about 81 percent for devices with...

  • $34 at a time, banks racked up $2.5B in overdrafts Tuesday, 19 May 2015 | 4:23 PM ET
    A customer at a Wells Fargo branch in New York.

    Three of the largest U.S. banks alone collected in the first quarter more than $1.1 billion related to overdrafts.

  • In the first, Forrest rejected an attempt by funds from BlackRock Inc, Allianz SE's Pacific Investment Management Co and TIAA-CREF to hold US Bancorp liable for alleged defects in 843 RMBS trusts collateralized by $778.6 billion of loans, causing tens of billions of dollars of losses. Separately, Forrest said the National Credit Union Administration lacked...

  • Why Netflix is at $600 Monday, 18 May 2015 | 11:06 AM ET
    The Netflix Inc. website displays the 'House of Cards' series.

    Here's the real reason why Netflix is at $600, says Michael Yoshikami.

  • ALBANY, N.Y.— New York regulators said Monday that 11 lenders have agreed to monitor and maintain vacant properties in an effort to protect them and combat neighborhood blight. The banks, mortgage companies and credit unions represent nearly 70 percent of the New York market and will adopt practices to limit damage from so-called "zombie properties," according...

  • How to protect your career from the next crash Saturday, 16 May 2015 | 10:30 AM ET
    Pedestrians pass in front of a Wall Street sign in New York.

    Economic shock fears? The Wall Street jobs that could survive another blow.

  • Best credit cards for college students and grads Saturday, 16 May 2015 | 9:00 AM ET
    Student with credit card

    If you're trying to build credit as a student or post-graduation, consider these cards to help you build credit history and more.

  • Kudlow: Bashing big banks won't work Saturday, 16 May 2015 | 8:51 AM ET
    Wall Street

    Larry Kudlow cautions 2016 candidates on both sides: Bank bashing won't work.

  • NEW YORK, May 15- Top U.S. hedge fund management firms, including Dan Loeb's Third Point LLC and Farallon Capital Management, trimmed some of their equity exposure in eBay Inc, but kept high positions in the e-commerce company's shares during the first quarter, according to regulatory filings. MD Sass Investors Services Inc liquidated its position in eBay,...

  • NEW YORK, May 15- A U.S. judge on Friday ordered Nomura Holdings Inc and Royal Bank of Scotland Group Plc to pay a collective $806 million for making false statements in selling mortgage-backed securities to Fannie Mae and Freddie Mac. Under the order, Fannie Mae will receive $26.6 million while Freddie Mac will be paid $779.4 million by the two firms.

  • *Yum Brands up after J.P. Morgan upgrade. *Netflix jumps after report of China entry. May 15- U.S. shares ended little changed on Friday, with the S&P 500 edging up to a record high for a second straight session after a ream of weak economic data.

  • Congress should pass an open-Internet law NOW Friday, 15 May 2015 | 3:30 PM ET
    Neon open sign

    Before the presidential race heats up, Congress should pass an open-Internet law, says Jamal Simmons.

  • Why the FTC is wrong about our merger: Sysco CEO Friday, 15 May 2015 | 12:02 PM ET
    Sysco tractor-trailers sit parked outside the company's distribution center in Louisville, Ky.

    Sysco's CEO says the FTC, which is suing to block the company's merger with US Foods, has it all wrong.

  • May 15- A federal judge has thrown out a lawsuit by the city of Los Angeles accusing Bank of America of discriminatory mortgage lending, ruling that the municipality had offered no evidence that it was harmed by the bank. Filed in 2013, the lawsuit accused Bank of America and its Countrywide Home Loans unit of violating that anti-discrimination act by making...

  • The 2nd U.S. Circuit Court of Appeals in New York said a lower court judge had erred in expunging the conviction of Irene Santiago, who had pleaded guilty in 2005 for lying to investigators and testifying falsely to a grand jury. District Judge I. Leo Glasser in Brooklyn said it would be unfair to leave the guilty plea on Santiago's record in light of her minimal...

  • BofA opens private fund-raising arm for start-ups Friday, 15 May 2015 | 5:58 AM ET
    A Bank of America sign is displayed at the entrance of a branch in New York.

    Bank of America Merrill Lynch has set up a group to help companies raise money through private fund-raising, the NYT reports.