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Bank of America Corp

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  • Morgan Stanley quarterly profit more than doubles Thursday, 17 Jul 2014 | 10:50 AM ET
    Morgan Stanley headquarters in New York City.

    Morgan Stanley's earnings jumped as stronger performances by its investment banking and wealth management businesses made up for a fall in bond trading.

  • July 17- Wall Street bank Morgan Stanley's quarterly earnings more than doubled, beating market estimates, as stronger performances by its investment banking and wealth management businesses more than made up for a fall in revenue from bond trading.

  • July 17- Wall Street bank Morgan Stanley's quarterly adjusted earnings more than doubled as stronger performances by its investment banking and wealth management businesses more than made up for a fall in revenue from bond trading.

  • UBS wealth arm assets near $2 trillion 'milestone' Thursday, 17 Jul 2014 | 3:50 AM ET

    Swiss bank UBS saw 15.4 percent growth in its wealth management business for 2013, firmly securing its position as world leader in the sector.

  • Asian equities ended mostly lower on Thursday as profit-taking offset a record close on Wall Street overnight.

  • WASHINGTON, July 17- U.S. housing finance companies Fannie Mae and Freddie Mac are making riskier deals as they increasingly purchase mortgages from smaller lenders, a federal watchdog said on Thursday.

  • UPDATE 1-Merrill Lynch Wealth profit strained by expenses Wednesday, 16 Jul 2014 | 5:41 PM ET

    *Record client assets of $2 trillion trail those at Charles Schwab. NEW YORK, July 16- Bank of America's continuing investment in its Merrill Lynch wealth management business caused expenses in its global wealth sector to grow more quickly than revenue in the second quarter, the company said on Wednesday.

  • *Intel gains on earnings, outlook; semiconductors rally. *Time Warner rebuffs $80 bln bid from 21st Century Fox. Time Warner Inc shares jumped 17.1 percent to $83.13 and ranked as the S&P 500' s best performer after Twenty-First Century Fox confirmed it made an $80 billion takeover offer for the company that was turned down.

  • Department of Justice official on Wednesday issued a thinly veiled threat to Bank of America Corp, saying that banks under investigation for shoddy mortgage securities they sold before the financial crisis must admit to misconduct and pay substantial penalties or face lawsuits from the agency.

  • Intel leads Dow to 15th record-high close of the year Wednesday, 16 Jul 2014 | 4:06 PM ET
    Trader on the floor of the New York Stock Exchange.

    Stocks climbed on Wednesday, with investor sentiment lifted by corporate earnings, deals and better-than-expected data on growth in China.

  • Is this the new gauge of bank performance? Wednesday, 16 Jul 2014 | 3:18 PM ET
    A Bank of America branch is shown in New York's Times Square.

    For the first time in recent memory, financials investors are judging bank earnings by Main Street borrowing versus Wall Street trading.

  • Merrill Lynch Wealth profit strained by expenses Wednesday, 16 Jul 2014 | 3:04 PM ET

    *Record client assets of $2 trillion trail those at Charles Schwab. NEW YORK, July 16- Bank of America's continuing investment in its Merrill Lynch wealth management business caused expenses in its global wealth sector to grow more quickly than revenue in the second quarter, the company said on Wednesday.

  • The warning from No. 3 Justice official Tony West comes after a $7 billion settlement with Citigroup Inc and amid talks with Bank of America Corp over similar claims.

  • NEW YORK, July 16- Bank of America Corp agreed to pay the insurer American International Group Inc $650 million to settle long-running legal disputes over defective mortgage-backed securities that the bank sold in the run-up to the financial crisis.

  • *Intel climbs on earnings, outlook. *Time Warner rebuffs $80 bln bid from 21st Century Fox. Time Warner shares jumped 16.4 percent to $82.63 as the best performer on the S&P 500 after Twenty-First Century Fox confirmed it made an $80 billion takeover offer for the company that was turned down.

  • **September 2012: Agrees to pay $2.43 billion to settle claims it hid crucial information from shareholders when it bought investment bank Merrill Lynch& Co at the height of the financial crisis.

  • Europe closes up on China; Espirito Santo sours Wednesday, 16 Jul 2014 | 11:38 AM ET

    European shares extended gains to close higher on Wednesday, as investors reacted to fresh growth data from China.

  • July 16- Bank of America Corp said second-quarter profit fell 43 percent, a bigger decline than analysts had expected, after the bank posted $4 billion of litigation expenses linked to mortgage disputes following the financial crisis.

  • Stern Advice-I am woman (investor), hear me roar Wednesday, 16 Jul 2014 | 11:01 AM ET

    NEW YORK, July 16- Is there a target on the back of my dress? Companies like Bank of America's Merrill Lynch, Prudential Financial Inc and TD Ameritrade are studying the investing behavior of women, in the hopes of winning more of our dollars.

  • BofA offers $13 bln to settle mortgage probe-WSJ Wednesday, 16 Jul 2014 | 10:40 AM ET

    July 16- Bank of America Corp has offered $13 billion to settle a probe into mortgage securities sold by the bank, the Wall Street Journal reported, citing people familiar with the matter. The bank met U.S. Justice Department representatives on Tuesday, but no progress was made toward a final deal, the paper reported.