Bank of America on Monday announced it will allow shareholders to vote on a change in bylaws that gave Brian Moynihan the duel role of CEO and chairman.
Shareholders should throw out Bank of America's corporate governance board after it promoted CEO Brian Moynihan to chairman, analyst Mike Mayo tells CNBC.
Somebody needs to be held accountable, says Mike Mayo, CLSA analyst, explaining why he thinks Bank of America needs to change some board members and its strategy.
Citigroup cut CEO Corbat's pay by about 7 percent in 2014, a year in which the bank's profit nearly halved due to higher legal costs and a slump in bond trading.
CEO Brian Moynihan tells CNBC Bank of America benefited from the Swiss currency shock that rocked markets even though it "caught everybody by surprise."
Banks haven't been able to get their message straight on what exactly is causing the weak profit reports.
An activist investor group said it is withdrawing a shareholder resolution that called for Bank of America to have an independent board chair.
As big U.S. banks approach earnings this week, they're taking a page from a familiar playbook: Under-promise and over-deliver.
Less cash flow from oil companies could pinch loan payments to banks but more gas savings in consumers' wallets will create new business.
CNBC's Kayla Tausche explains how a presentation by Bank of America CEO Brian Moynihan is causing the bank's stock to move today.
Bank of America Chairman and Chief Executive Brian Moynihan has been quietly retooling the bank while working to end legal problems.
CNBC's Kayla Tausche breaks down Bank of America's third quarter results.
Credit was a tailwind, says Jeffery Harte, Sandler O'Neil principal, breaking down Bank of America's quarterly numbers and sharing his thoughts on the banking sector.
The JPMorgan CEO sees one thing that could derail the recovery: The $3.2 trillion nonbank financial system, or "shadow banks."
Bank of America said it named Chief Executive Brian Moynihan as chairman of its board, effective immediately.
Bank of America directors are supportive of its proposed $16 billion to $17 billion mortgage-securities settlement, according to someone familiar with the matter.
Bank of America and the Justice Department are closing in on a deal to settle mortgage probes that could reach as much as $17 billion.
The U.S. Federal Reserve approved a resubmitted capital plan from Bank of America, which announced it has raised its dividend.
Mortgage revenue fell and litigation costs increased for Bank of America in the second quarter.
Bank of America has asked the U.S. Attorney General to meet with its chief executive officer in an attempt to resolve differences over a mortgage settlement.