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Bank of America Corp

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  • Final Glance: Banks companies Friday, 13 Feb 2015 | 6:13 PM ET

    Bank of America fell$. 06 or. 4 percent, to $16.61. Citigroup rose$. 31 or. 6 percent, to $51.20. Goldman Sachs fell$. 78 or. 4 percent, to $189.00.

  • PALO ALTO, Calif., Feb 13- President Barack Obama asked U.S. executives on Friday for closer cooperation in defending against hackers after high-profile attacks on companies like Sony that exposed weaknesses in America's cyber defenses. Speaking at Stanford University, Obama told Silicon Valley and financial services CEOs that they needed to share more...

  • Midday Glance: Banks companies Friday, 13 Feb 2015 | 1:23 PM ET

    Bank of America Corp. fell$. 04 or. 2 percent, to $16.63. Citigroup Inc. rose$. 22 or. 4 percent, to $51.11. Goldman Sachs fell$. 30 or. 2 percent, to $189.48.

  • Most active New York Stock Exchange-traded stocks Friday, 13 Feb 2015 | 1:23 PM ET

    NEW YORK— A look at New York Stock Exchange 10 most-active stocks at 1 p.m.:. American Express Co. fell 2.8 percent to $78.23 with 22,772,100 shares traded. American International Group rose 2.0 percent to $53.50 with 12,600,700 shares traded.

  • Gallagher's comments mark the latest twist in a saga at the SEC that started last spring, when the agency's two Democratic commissioners, Kara Stein and Luis Aguilar, balked at approving a waiver for the Royal Bank of Scotland after one of its units pleaded guilty to manipulating the Libor interest rate benchmark. In some cases, firms are disqualified...

  • Deal stocks rise, emboldening bankers, bull run Friday, 13 Feb 2015 | 12:16 PM ET

    Something unusual is happening this year when one company announces it is buying another. Shares of the acquirer are going up.

  • Early Glance: Banks companies Friday, 13 Feb 2015 | 11:05 AM ET

    Bank of America Corp. rose$. 10 or. 6 percent, to $16.77. Citigroup Inc. rose$. 42 or. 8 percent, to $51.31. JPMorgan Chase rose$. 50 or. 8 percent, to $60.07.

  • SAN FRANCISCO, Feb 13- President Barack Obama will meet with chief executive officers on Friday at a summit in Silicon Valley held by the White House that aims to build support for beefing up cybersecurity laws in the wake of massive hacks at Target Corp, Sony Corp and Anthem Inc. "By getting this right, businesses and people around the world will continue to want to...

  • Greece is simply 'too big to fail': Yoshikami Thursday, 12 Feb 2015 | 1:55 PM ET
    Protesters take part in an anti-austerity pro-government demonstration in front of the parliament in Athens February 11, 2015.

    Here's why markets shouldn't be worried about Greece not honoring past debt agreements, says Michael Yoshikami.

  • Dollar slides on soft U.S. data; euro gets relief Thursday, 12 Feb 2015 | 11:10 AM ET

    The dollar dropped across the board on Thursday after weaker-than-expected U.S. economic data.

  • MUMBAI, Feb 12- India's Sahara said on Thursday it was taking legal action against the U.S.-based firm Mirach Capital Group after the collapse of talks between them to raise funds against some of the Indian group's properties including New York's Plaza hotel. Last week, Sahara described as forged a Bank of America letter intended to show Mirach had enough funds...

  • Once an investment magnet, Australia loses allure Wednesday, 11 Feb 2015 | 6:59 PM ET

    After a good financial crisis, with sound finances, robust banks and buoyant Chinese demand for its commodities, the returns that made Australia a magnet for investors are buckling under the weight of negative yields elsewhere.

  • Australian exception reverts to the mean as yields sink Wednesday, 11 Feb 2015 | 4:00 PM ET

    *Australia rates cut to all-time low last week. SYDNEY, Feb 12- After a good financial crisis, with sound finances, robust banks and buoyant Chinese demand for its commodities, the returns that made Australia a magnet for investors are buckling under the weight of negative yields elsewhere. Foreign funds have poured money into Australia, the only advanced economy...

  • A big part of the market is headed for the rocks Wednesday, 11 Feb 2015 | 12:36 PM ET
    Pedestrians walk in front of Goldman Sachs Group's headquarters in New York.

    Bank stocks have had a tough start to 2015 and could face even more difficult sledding should current conditions hold up.

  • Feb 11- Bank of America Corp used its government-backed U.S. banking unit for years to finance controversial trades that helped clients avoid taxes, the Wall Street Journal reported, citing internal documents and people familiar with the matter. "BANA no longer finances dividend arbitrage activity," Bank of America said in a statement to Reuters.

  • Feb 10- Deep-discount retailer Ollie's Bargain Outlet, known for the signature catch phrase "good stuff cheap," is preparing for an initial public offering, according to people familiar with the matter. The Harrisburg, Pennsylvania- based company, which is owned by Chief Executive Officer Mark Butler and private equity firm CCMP Capital Advisors LLC, is working...

  • Feb 10- Deutsche Bank said it expects Citigroup Inc to buy back $1 billion in shares every quarter and other U.S. banks to modestly boost dividends and share buybacks as part of their capital deployment plans under the Federal Reserve's stress test. Deutsche Bank upgraded Citigroup's stock to "buy" from "hold," saying the sale or an initial public offering of the...

  • Here's how a janitor amassed an $8M fortune Monday, 9 Feb 2015 | 6:44 PM ET
    In this December 2011 photo, Connie Howe pours coffee for Ronald Read, left, and Dave Smith during the Charlie Slate Memorial Christmas breakfast at the American Legion in Brattleboro, Vt.

    A Vermont gas station attendant and janitor, invested in recognizable names when he amassed an $8 million fortune, his attorney said.

  • Feb 9- Barclays Plc is planning to raise pay for junior investment bankers as the British bank seeks to retain talent, Bloomberg News reported, citing two persons familiar with the matter. Barclays' overall bonus pool is expected to shrink, Bloomberg reported citing another person familiar with the matter. European banks, including Barclays, Deutsche Bank,...

  • *Microsoft bond deal holds center stage. The declines reversed an earlier rally during European trading hours as investors spooked by Greece's stand-off with the European Union and deadlier fighting in Ukraine shifted funds to safe-haven government debt. Geopolitical worries were shouldered aside by a massive, unusually long-dated bond offering by...