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Bank of America Corp

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  • *Bank of America, Citi fall after results. *Swiss National Bank scraps three-year-old euro cap on franc. "We're probably going to see slowing in the global economy, and it will be very difficult to sail through a global recession without getting touched," said Scott Colyer, chief executive officer of Advisors Asset Management in Monument, Colorado.

  • Stocks decline for 5th day as oil falls, banks miss Thursday, 15 Jan 2015 | 4:18 PM ET
    Trader on the floor of the New York Stock Exchange.

    Stocks fell Thursday, extending losses into a fifth day.

  • NEW YORK, Jan 14- New York's top law enforcement official said he plans to help bring more fraud cases against the world's biggest banks for selling shoddy mortgage-backed securities before the 2008 financial crisis. Eric Schneiderman, the state's attorney general, said some of these banks were involved in the same kind of wrongdoing that has led him since 2012...

  • NEW YORK, Jan 15- The Federal Home Loan Bank of San Francisco said on Thursday it reached a settlement worth $459 million with certain banks it sued after buying subprime mortgage-backed securities that soured following the housing bust. The banks sued included JP Morgan Chase, Credit Suisse, Morgan Stanley, Countrywide Securities, UBS Group AG, Deutsche Bank...

  • Banks searching for answers on awful earnings Thursday, 15 Jan 2015 | 2:36 PM ET
    A Citibank branch in San Francisco.

    Banks haven't been able to get their message straight on what exactly is causing the weak profit reports.

  • US crude reverses early gains to settle down 4.6% Thursday, 15 Jan 2015 | 2:31 PM ET
    The oil storage depot at Indonesian oil company Pertamina in Jakarta

    Oil prices fell on Thursday after weak U.S. economic data spurred worries over crude oil demand.

  • WASHINGTON, Jan 15- U.S. pension regulators questioned Thursday whether criminal violations in one unit of Credit Suisse Group AG reflect broader compliance problems at the Swiss bank, in an unusual public hearing to vet its request to continue managing retirement plans. At issue is whether Credit Suisse should be granted permission to continue managing...

  • *Fourth-qtr adj net income 6 cents/ shr vs. est. Jan 15- Citigroup Inc said its quarterly profit dropped 86 percent, hurt by legal settlements and falling bond trading revenue, sending the bank's shares down more than 4 percent. Citi suffered on a number of fronts during the quarter.

  • *Bank of America, Citi down after results. *Swiss National Bank moves to scrap 3- year euro cap on the franc. Swiss stocks traded in the United States moved higher, Credit Suisse, up 0.7 percent at $22.98 and Novartis, up 1.9 percent to $98.61, as a strengthening Swiss franc made U.S.-dollar denominated stocks cheaper.

  • Jan 15- Bank of America Corp, the second largest U.S. bank by assets, reported a 14 percent fall in quarterly profit as a decline in bond yields further crimped earnings. Chief Financial Officer Bruce Thompson described the fourth quarter as a "challenging rate environment," but said the bank expected to earn an extra $3.7 billion from higher loan and securities...

  • US bond yields fall after surprise Swiss rate cut Thursday, 15 Jan 2015 | 11:57 AM ET

    Yields on U.S. government debt were lower on Thursday after U.S. jobless claims and producer data.

  • US STOCKS-Wall St flat in volatile trade after Swiss move Thursday, 15 Jan 2015 | 11:03 AM ET

    *Bank of America, Citi down after results. NEW YORK, Jan 15- U.S. stocks were little changed in choppy trading on Thursday, as investors wrestled with the ramifications with a move by the Swiss National Bank to scrap its three-year euro cap on the franc. Swiss stocks traded in the U.S. moved higher, Credit Suisse, up 0.7 percent at $22.98 and Novartis, up 1.9 percent to...

  • Jan 15- Citigroup Inc, in the midst of a pullback from consumer banking in a number of international markets, eked out a slim fourth-quarter profit after taking charges of $3.5 billion to settle legal claims and overhaul operations. Adjusted net income fell to $346 million, or 6 cents per share, from $2.60 billion, or 82 cents per share, a year earlier, the No. 3 U.S. bank...

  • US STOCKS-Wall St drops after Swiss move; banks tumble Thursday, 15 Jan 2015 | 9:56 AM ET

    *Bank of America, Citi down after results. NEW YORK, Jan 15- U.S. stocks fell, erasing small gains at the open on Thursday, as investors grappled with a move by the Swiss National Bank to scrap its three-year euro cap on the franc. Swiss stocks traded in the U.S. moved higher, including UBS, up 2.4 percent at $16.87, Credit Suisse, up 3.2 percent at $23.55 and Novartis, up 1.9...

  • BofA profit falls on lower bond trading revenue Thursday, 15 Jan 2015 | 9:23 AM ET
    Pedestrians walk past Bank of America Corp. signage in New York.

    Bank of America reported a 14 percent fall in quarterly profit, largely due to lower revenue from fixed-income trading.

  • Jan 15- Bank of America Corp, the second-largest U.S. bank by assets, reported a 14 percent fall in quarterly profit as revenue from fixed-income trading fell. JPMorgan Chase& Co reported a decline of 14 percent in quarterly bond trading revenue on Wednesday. Net income attributable to common shareholders fell to $2.74 billion, or 25 cents per share, in the fourth...

  • *Bank of America falls after results. *Best Buy down after holiday sales. Swiss stocks traded in the U.S. moved higher before the opening bell, including UBS, up 3.6 percent at $17.07, Credit Suisse, up 4 percent at $23.72 and Novartis, up 3.8 percent to $100.48, as a strengthening Swiss franc made U.S.-dollar denominated stocks cheaper.

  • Citigroup profit falls on legal, other charges Thursday, 15 Jan 2015 | 9:14 AM ET
    The Citibank Corporate Office & Headquarters is viewed in midtown Manhattan.

    Citigroup eked out a slim fourth-quarter profit after taking charges of $3.5 billion to settle legal claims and overhaul its operations.

  • US stock-index futures turn up with price of crude Thursday, 15 Jan 2015 | 9:00 AM ET
    Trader on the floor of the New York Stock Exchange.

    U.S. stock index futures signaled a softer open on Thursday after the Swiss National Bank shocked global markets by abandoning its peg to the euro.

  • Mario Gabelli: I'm buying these stocks Thursday, 15 Jan 2015 | 8:36 AM ET
    Mario Gabelli

    Value investor Mario Gabelli told CNBC he's buying stocks in these three financial institutions.