Some of the names on the move ahead of the open.» Read More
The bank agreed to pay nearly $800 million in fines and restitution to settle allegations of deceptive marketing and unfair billing involving credit card products.
WASHINGTON, April 9- Bank of America agreed to pay nearly $800 million in fines and restitution to settle allegations of deceptive marketing and unfair billing involving credit card products, U.S. regulators said on Wednesday. Bank of America neither admitted nor denied wrongdoing, the bureau said.
American Express Co. rose$. 97 or 1.1 percent, to $87.46. Capital One Financial Corp. rose$. 09 or. 1 percent, to $75.77. Discover Financial Services rose$. 33 or. 6 percent, to $56.78.
Two money managers add their stock picks to the "Squawk Box" Platinum Portfolio contest, with some big names making an appearance.
WASHINGTON— Bank of America Corp. is paying $772 million in fines and refunds to settle regulators' accusations that it misled customers who bought extra credit-card products and illegally charged others for credit monitoring and reporting services they didn't receive.
American Express Co. fell$. 47 or. 5 percent, to $86.13. Capital One Financial Corp. fell$. 19 or. 3 percent, to $75.36. Discover Financial Services fell$. 42 or. 7 percent, to $56.28.
American Express Co. fell $2.57 or 2.9 percent, to $86.60. Capital One Financial Corp. fell $1.15 or 1.5 percent, to $75.55. Discover Financial Services fell $1.69 or 2.9 percent, to $56.70.
American Express Co. fell $2.16 or 2.4 percent, to $87.01. Capital One Financial Corp. fell $1.30 or 1.7 percent, to $75.40. Discover Financial Services fell $1.40 or 2.4 percent, to $56.99.
Bank of America is close to settling with a U.S. regulator over the sale of services sold as add-ons to credit cards.
WASHINGTON, April 3- Bank of America Corp is close to settling with a U.S. consumer regulator over the sale of services sold as add-ons to credit cards, sources familiar with the talks said.
April 1- Wells Fargo& Co said on Tuesday that it agreed to issue and service credit cards for retailer Dillard's Inc, the latest move by the fourth-largest U.S. bank to boost its card business.
Some of the names on the move ahead of the open.
Citi was one of five banks whose capital plans were not approved. The Fed said Citi's plan did not fix previously raised issues.
Paychex and Citigroup are in the news after the bell Wednesday
Most U.S. banks came out of the recent stress tests looking pretty good, with one notable exception: Bank of America.
Only Zions Bancorporation, a Salt Lake City, Utah- based lender with $56.0 billion in assets, would be left with a regulatory capital ratio beneath the Fed's 5.0 percent minimum under the exercise. M&T Bank Corp 5.9 Bank of America Corp 6.0. Morgan Stanley 6.1 Ally Financial Inc 6.3.
A Queens, N.Y., man got more—a whole lot more—than he bargained for when he met up with a date he arranged through the OkCupid service.
Capital One is revisiting a policy that allows bank workers to make personal visits to customers and identify themselves in any manner they choose.
*Shares hit a high of $26.45, valuing company at $9.19 bln. Jan 23- Shares of Santander Consumer USA Holding Inc, the auto-finance unit of Spanish bank Santander SA, rose as much as 10 percent in their U.S. market debut as investors expect the company to benefit from rising auto sales. As of Sept. 30, about $850 billion of auto loans were outstanding in the United States.
Jan 17- M&T Bank Corp reported quarterly results that were worse than analysts' expectations as mortgage banking revenue fell and expenses increased. M&T Bank shares slipped more than 3 percent on Friday. Last month M&T Bank said it now expected the acquisition to close at the end of 2014 instead of Jan. 31.