Posts tagged with "Bank of America Corp (NYSE:BAC)"

Bank of America Corp (NYSE:BAC) Stares At Probe

Posted by Chris Bell January 27, 2014 0 Comment 1729 views

As per the regulatory filing dated June, Bank of America Corp (NYSE:BAC) is under fire, as it has come under the scanner of both the U.S. Department of Justice as well as the Commodity Futures Trading Commission. The regulatory bodies will ascertain through a probe, if the bank was engaged in executing its own future trades before […]

JPMorgan Chase & Co. (NYSE:JPM) Has Fared Well

Posted by Lynn Eisler December 18, 2013 0 Comment 1770 views

JPMorgan Chase & Co. (NYSE:JPM)’s stock is trading 33.8% above its 52 week low of $41.64, if we take into consideration its previous close of $55.72. The stock has delivered 26.7% returns year to date. The bank is now shifting its focus from Brazil to Mexico, Colombia and Peru with more offices and accelerated hiring. […]

Investor’s Showing Confidence In JPMorgan Chase & Co. (NYSE:JPM)

Posted by Michael Korte November 22, 2013 0 Comment 1316 views

After feeling the heat of $13 billion mortgage settlement announced on Tuesday, finally the stock of JPMorgan Chase & Co. (NYSE:JPM) soared 2% during the Thursday’s trading. The rally could be considered as an outcome of confidence, the investors opinioned in a survey conducted by Selzer & Co. on November 19th among 750 Bloomberg subscribers. […]

Who Is Next After Bank Of America Corp (NYSE:BAC) & JPMorgan Chase & Co (NYSE:JPM)?

Posted by Michael Korte October 24, 2013 0 Comment 1395 views

Charges of fraudulent mortgage practices by Bank Of America Corp’s (NYSE:BAC) Countrywide unit, were proved on Wednesday, following a four-week trial before a federal jury in New York. The U.S. Department of Justice continues its run of bringing banks and their executives charged with fraud that precipitated the U.S. financial crisis in 2008. The Bank Of […]

Bank of America Corp (NYSE:BAC) In The Clutches Of Italian Financial Police?

Posted by Kristi Scott October 4, 2013 0 Comment 1375 views

The financial police in Italy have seized €15M from Bank of America Corp (NYSE:BAC) Merrill Lynch. On Thursday, the police said that this is part of an investigation into an alleged-fraud that involves derivative-contracts with Verona City. The money was seized at Bank of America Corp (NYSE:BAC) Merrill Lynch Milan headquarters and the seizure had […]

Did Bank of America Corp (NYSE:BAC) Pay More Than Necessary For Settlement?

Posted by Lynn Eisler October 1, 2013 0 Comment 1148 views

According to a Reuters report, a record $32M will be paid by Bank of America Corp (NYSE:BAC) over charges that it made debt collection calls that amounted to harassment. This might just be the largest settlement under the 1991 law that had been established to protect customers from receiving unwanted calls. The court documents said […]

Did Bank of America Corp (NYSE:BAC) hide information?

Posted by Samantha Donahue September 25, 2013 0 Comment 1801 views

Mr. Wilmot-Sitwel is currently the president of Bank of America Corp (NYSE:BAC) Merrill Lynch for the Middle East, Europe and Africa. He was formerly a UBS executive and in January told British lawmakers that he does not recall the bank taking any efforts to retain Tom Hayes, a star trader. The latter has been accused as […]

Bank of America Corp (NYSE:BAC) to add financial advisors of Merrill Lynch

Posted by Steve Raasch September 23, 2013 0 Comment 2166 views

Come Monday and Bank of America Corp (NYSE:BAC) will commence adding financial advisors from Merrill Lynch to its Albany, New York area branches. The district President at Albany for the bank, Jennifer MacPhee and the director of Merrill Lynch’s NY Capital Complex said that these 2 businesses have been mutually referring clients since the point […]

Bank of America Corp (NYSE:BAC) seeks RICO lawsuit dismissal

Posted by Chris Bell September 18, 2013 0 Comment 1751 views

Bank of America Corp (NYSE:BAC) is now seeking the dismissal of the Federal lawsuit that had accused it of initiating a scheme that involved home-mortgage modifications. This week, the bank submitted the reply to this lawsuit that has been filed in Colorado in July. That is where Urban lending Solution, the co-defendant has operations. The […]

Bank of America Corp (NYSE:BAC) sending 1,000 Beachwood workers into the wood

Posted by Steve Raasch August 30, 2013 0 Comment 1257 views

Bank of America Corp (NYSE:BAC) has notified 1,000 workers at its Beachwood offices that they will be moved out of the company with effect from 31 October. The bank will be shuttering its consumer and mortgage banking office there. A 55-strong office in Independence as well as a 100-employee strong office in Cincinnati will also […]