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Bank of America Corp

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  • Banks Tank, But Execs Get Paid More? Wednesday, 25 Jun 2008 | 11:44 AM ET

    As Countrywide shareholders vote on whether to be acquired by Bank of America--on the same day the state of Illinois is suing the Countrywide and CEO Angelo Mozilo for fraud--research firm SNL Financial says a horrible year for banks and thrifts hasn't stopped them from paying their chief execs pretty well.

  • Illinois to Sue Countrywide, CEO Mozilo Wednesday, 25 Jun 2008 | 4:29 AM ET
    CountryWide

    The Illinois attorney general's office plans to sue Countrywide Financial and Chief Executive Angelo Mozilo on Wednesday, claiming the troubled mortgage lender engaged in deceptive trade practices.

  • CNBC Top Videos of the Day: Energy Worries Reign Tuesday, 24 Jun 2008 | 6:35 PM ET

    Energy concerns weighed heavily on Wall Street on Tuesday. What follows are the day's video highlights.

  • Buy Countrywide But Sell Bank Of America? Tuesday, 24 Jun 2008 | 4:21 PM ET

    In the funny business of stock analysis, I found an interesting take on the Bank of America-Countrywide deal. Market Edge Research has a Buy on Countrywide and a Sell on BofA. 

  • Stock Market: Is It Over Sold? Tuesday, 24 Jun 2008 | 12:31 PM ET

    Strategas Research analysts today say the market looks oversold and could be setting up for a short-term rally. In a note today, the firm looked at the record level of short interest and other factors. Last week, the percent of short interest on the NYSE was at 4.2 percent, an all time high.

  • The Countrywide Memo, The Countrywide Vote, And BofA Monday, 23 Jun 2008 | 7:12 PM ET
    Countrywide's headquarters in Los Angeles.

    I'm going to be outside Countrywide headquarters Wednesday as shareholders vote on the mortgage giant's acquisition by Bank of America. The result is a foregone conclusion.

  • Low Volume, Lots of Damage Monday, 23 Jun 2008 | 5:23 PM ET

    It was a low volatility, low volume day, but regardless: there was a lot of damage done.

  • More Wall Street Firms to Be Bought Up: Analyst Monday, 23 Jun 2008 | 3:53 PM ET

    More Wall Street firms, facing the specter of tougher regulation and slumping capital markets, will follow the path of Bear Stearns and be forced into the arms of deposit-rich commercial banks, veteran banking analyst Charles Peabody told Reuters.

  • The Week in Review:  Looking Up In a Down Market Saturday, 21 Jun 2008 | 8:41 AM ET

    Almost everywhere they looked during the week, investors saw red ink flowing. But CNBC guests worked hard to find bright spots in the murk.

  • Dow Hits 3-Month Low, Sheds 4% for Week Friday, 20 Jun 2008 | 5:39 PM ET

    Stocks fell sharply Friday as oil prices climbed about $3 and a concoction of rumors and bad news shook up the banking sector. Rounding the bend toward the closing bell, the Dow was off nearly 4 percent for the week, the S&P off 3 percent and the Nasdaq off 2 percent.

  • Stop Trading!: What's Killing the Banks? Friday, 20 Jun 2008 | 3:23 PM ET

    One of this sector's last lines of defense in the market is falling through.

  • Stocks Slide Amid More Bank Rumors Friday, 20 Jun 2008 | 2:44 PM ET

    Stocks fell sharply Friday, with volatility expected to remain high due to the expiration of options, oil prices continuing their climb and bank worries slamming the financial sector.

  • Capitulation? Not Just Yet for the Stock Market Friday, 20 Jun 2008 | 1:41 PM ET
    New York Stock Exchange (NYSE)

    Call the latest banks-inspired stock market selloff whatever you want, but don't call it a capitulation.

  • Bank Worries Ripple Through the Market Friday, 20 Jun 2008 | 12:02 PM ET

    Stocks fell sharply Friday, with volatility expected to remain high due to the expiration of options, oil prices continuing their climb and bank worries slamming the financial sector.

  • Financials Lead Sell-Off Amid Bank Worries Friday, 20 Jun 2008 | 10:48 AM ET

    Stocks fell sharply Friday, with volatility expected to remain high due to the expiration of options, oil prices continuing their climb and bank worries slamming the financial sector.

  • Merrill Sees Bank Stocks Nearing Their Bottom Friday, 20 Jun 2008 | 10:32 AM ET

    US large-cap regional banks' stocks now appear to be in "capitulation mode" and will likely trade below fair value in the near term, an analyst at Merrill Lynch said.

  • Sell Block: Goldman's Bank Hit List Thursday, 19 Jun 2008 | 7:02 PM ET

    These names are going down, so steer clear.

  • BofA To Acquire Countrywide by July 1: Source Thursday, 19 Jun 2008 | 5:05 PM ET
    Countrywide Financial

    Bank of America expects to complete its acquisition of mortgage lender Countrywide Financial by July 1, a source familiar with the matter told Reuters on Thursday.

  • Citigroup CFO Warns of Big Potential Writedowns Thursday, 19 Jun 2008 | 12:54 PM ET
    Citigroup

    Citigroup could take substantial write-downs for subprime mortgages, leveraged buyout loans and other assets in the second quarter, the company's chief financial officer said on a call with investors.

  • Barney Frank Defends Dodd On "Friend Of Angelo" Charge Thursday, 19 Jun 2008 | 12:53 PM ET

    Rep. Barney Frank has come to Sen. Chris Dodd's defense! My colleague Diana Olick has been blogging about the breaks Countrywide gave the Connecticut Democrat under the direction of Angelo Mozilo.