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  Monday, 18 Apr 2011 | 2:45 PM ET

Bank of America Follows Path of Lehman With CFO Move

Posted By: John Carney
A Bank of America trader inside the NYSE.
Oliver Quillia for CNBC.com
A Bank of America trader inside the NYSE.

By replacing Chuck Noski with Bruce Thompson in the spot of chief financial officer, Bank of America is marching down a path last trod by Lehman Brothers .

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  Monday, 18 Apr 2011 | 2:07 PM ET

Black Swans and Muni Bonds

Posted By: John Carney
No Title_42648269
Getty Images

Munis rallied last week, after four weeks of falling prices and rising yields, according to The Bond Buyer newspaper . Similarly, outflows in muni bonds have slowed in recent weeks—prompting some to say that the market is starting to recover. Muni defaults were actually lower in the first quarter of 2011 than they were during the beginning of 2010.

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  Monday, 18 Apr 2011 | 11:42 AM ET

Hussman: Banks Are Flashing Huge Red Flags, and Nobody Seems to Care

Posted By: Joe Weisenthal, Business Insider
Swiss Bank
Fabrice Coffrini | AFP | Getty Images
Swiss Bank

In his latest weekly note, John Hussman once again states that markets are wildly overbought, etc.—the same thing he's been saying for awhile.

He does draw special attention to the fact all these bank CFOs have been resigning, and nobody seems to care int he market.

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  Monday, 18 Apr 2011 | 10:25 AM ET

Insider Sniping and Turnover at Bank of America

Posted By: John Carney
Bank of America
Oliver Quillia for cnbc.com
Bank of America

The news that Bank of America had hired Gary Lynch, formerly the General Counsel of Morgan Stanley, to the new post of global chief legal officer is a clear demonstration that the bank continues to play games with its shareholders. It is also giving rise to insider sniping about its general counsel.

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  Monday, 18 Apr 2011 | 9:02 AM ET

Who Will Succeed Lloyd Blankfein?

Posted By: Julia La Roche
  Friday, 15 Apr 2011 | 6:55 PM ET

Red Flags Popping Up All Over Bank of America

Posted By: John Carney

Bank of America shares gave up more than 2 percent Friday on disappointing earnings. But a bad quarter may be the least of the bank’s worries.

The largest bank by deposits just lost its chief financial officer and just hired one of the most connected regulatory lawyers in the U.S.

Both events are alarming.

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  Friday, 15 Apr 2011 | 4:33 PM ET

Broker Wars Are Back!

Posted By: John Carney
  Friday, 15 Apr 2011 | 4:02 PM ET

Does This Mean a Facebook IPO is Coming Soon?

Posted By: Lori Spechler
Mark Zuckerberg
Getty Images
Mark Zuckerberg

T. Rowe Price disclosed Friday that nineteen of its mutal funds hold shares of Facebook worth $190.5 million. While it is not unique for a mutual fund to hold shares of a private company, this could tell us something about Facebook's plans for an IPO.

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  Friday, 15 Apr 2011 | 2:39 PM ET

Goldman Sachs More Than Doubled Muni Exposure in 2010

Posted By: John Carney
The Goldman Sachs booth on the floor of the New York Stock Exchange
Getty Images
The Goldman Sachs booth on the floor of the New York Stock Exchange

Goldman Sachs’ trading desks owned nearly twice as much municipal debt at the end of 2010 as they did at the end of the previous year, according to the company’s annual report.

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  Friday, 15 Apr 2011 | 1:28 PM ET

JPMorgan Did A Cost-Benefit to See If It Was Worth Keeping a Ponzi Scheme As a Client

Posted By: Courtney Comstock, Business Insider
JPMorgan3_new.jpg
Getty Images

Irving Picard's lawsuit against JPMorgan reveals many names of executives who suspected that Bernie Madoff's fund was a ponzi scheme, but did nothing.

The worst news is about Brian Sankey. After Madoff's arrests, because even though the firm's executives had held a lunch meeting to discuss their doubts about Madoff in 2007, a year before the scheme unravelled, he allegedly advised that the existence of the firm's doubts “never [see] the light of day again.”

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