Bank of America Corp

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29m
Business Standard India
Oil tumbles most in 7 mnths after biggest gain in 25 yrsChina's official Purchasing Managers' Index (PMI) dropped to 49.7 in August fro
Oil tumbles most in 7 mnths after biggest gain in 25 yrs
Business Standard India / Posted 29 minutes ago
China's official Purchasing Managers' Index (PMI) dropped to 49.7 in August from 50 in JulyChina's official Purchasing Managers' Index (PMI) dropped to 49.7 in August from 50 in July Oil fell... Read more
2h
The Globe and Mail
Dow, TSX fall on weak China factory dataCanadian equities tumbled on Tuesday, after the worst month in nearly a year, a
Dow, TSX fall on weak China factory data
The Globe and Mail / Posted 2 hours ago
Canadian equities tumbled on Tuesday, after the worst month in nearly a year, as the economic malaise that has gripped stock markets around the world continued into September. The Standard & Poor’s/TSX Composite Index slumped as data showed Canada’s... Read more
8 related stories
4h
Providence Business News
BofA should alter governance committee or replace CEO, Mayo saysBank of America Corp. should either change the makeup of its governance committ
BofA should alter governance committee or replace CEO, Mayo says
Providence Business News / Posted 4 hours ago
Bank of America Corp. should either change the makeup of its governance committee or get rid of CEO Brian Moynihan, according to Mike Mayo, an analyst at CLSA Ltd. “Go ahead and have good governance, set financial targets, have a scorecard for... Read more
6h
Zero Hedge
September 1Overnight Media Digest - Oil prices soared Monday, marking their strongest thr
September 1
Zero Hedge / Posted 6 hours ago
Overnight Media Digest - Oil prices soared Monday, marking their strongest three-day rally since Iraq's 1990 invasion of Kuwait, on doubts the global glut of crude would be as long-lasting as many investors and traders had earlier believed.... Read more
10h
Channel NewsAsia
Calpers, Calstrs oppose joint CEO-chairman role at Bank of AmericaREUTERS: Two of America's biggest public pension funds have come together to op
Calpers, Calstrs oppose joint CEO-chairman role at Bank of America
Channel NewsAsia / Posted 10 hours ago
REUTERS: Two of America's biggest public pension funds have come together to oppose an amendment of bylaws at Bank of America Corp that would allow Brian Moynihan to continue as both chief executive and chairman of the No. 2 U.S. bank by assets. The... Read more
2 related stories
10h
Reuters
Calpers, Calstrs oppose joint CEO-chairman role at Bank of AmericaA Bank Of America sign is pictured in the Manhattan borough of New York August
Calpers, Calstrs oppose joint CEO-chairman role at Bank of America
Reuters / Posted 10 hours ago
A Bank Of America sign is pictured in the Manhattan borough of New York August 21, 2014. Two of America's biggest public pension funds have come together to oppose an amendment of bylaws at Bank of America Corp that would allow Brian Moynihan to... Read more
2 related stories
3d
Zero Hedge
"Rough Summer" For Small Caps Set To ContinueSmall Cap stocks are in the middle of their worst summer doldrums since 2011 -
"Rough Summer" For Small Caps Set To Continue
Zero Hedge / Posted 3 days ago
Small Cap stocks are in the middle of their worst summer doldrums since 2011 - and in fact for many individual stocks, worst summer since the collapse in 2008/9. While talking heads proclaim these smaller (supposedly more domestically-oriented)... Read more
4d
Zero Hedge
Chinese Stocks To Plunge Another 35%, BofA SaysOn Monday and Tuesday, China’s plunge protection team attempted to step out of
Chinese Stocks To Plunge Another 35%, BofA Says
Zero Hedge / Posted 4 days ago
On Monday and Tuesday, China’s plunge protection team attempted to step out of the market. The result: a 15% decline on the SHCOMP, the shockwaves from which reverberated in equity markets across the globe. After Wednesday’s ad hoc policy rate cuts... Read more
4d
Business Insider
Stocks crashed the last two times this happenedOn Wednesday, the S&P 500 soared nearly 4%, its largest percentage gain since 2
Stocks crashed the last two times this happened
Business Insider / Posted 4 days ago
On Wednesday, the S&P 500 soared nearly 4%, its largest percentage gain since 2011, after having spent a whopping two days in a correction, its first since 2011. On Monday, I’d written, “We’re expecting a rally topped off by a majestic short squeeze... Read more
5d
Zero Hedge
It's Official: China Confirms It Has Begun Liquidating Treasuries, Warns WashingtonWe followed all of this up this week by noting that thanks to the new FX regime
It's Official: China Confirms It Has Begun Liquidating Treasuries, Warns Washington
Zero Hedge / Posted 5 days ago
We followed all of this up this week by noting that thanks to the new FX regime (which, in theory anyway, should have required less intervention), China has likely sold somewhere on the order of $100 billion in US Treasurys in the past two weeks... Read more
5d
Zero Hedge
August 27Overnight Media Digest - Some lenders, including Bank of America Corp, are iss
August 27
Zero Hedge / Posted 5 days ago
Overnight Media Digest - Some lenders, including Bank of America Corp, are issuing margin calls to clients after the global market drubbing of the past week, forcing investors to choose between either putting up more money or selling some of the... Read more
2 related stories
5d
Channel NewsAsia
Fidelity Investments considers dropping AmEx, BofA as partners: BloombergREUTERS: Mutual fund provider Fidelity Investments is considering dropping Amer
Fidelity Investments considers dropping AmEx, BofA as partners: Bloomberg
Channel NewsAsia / Posted 5 days ago
REUTERS: Mutual fund provider Fidelity Investments is considering dropping American Express Co and Bank of America Corp to find new partners and better terms, Bloomberg reported, citing people familiar with the matter. Visa Inc and MasterCard Inc... Read more
2 related stories
5d
Reuters UK Edition
Fidelity Investments considers dropping AmEx, BofA as partnersA Bank Of America sign is pictured in the Manhattan borough of New York August
Fidelity Investments considers dropping AmEx, BofA as partners
Reuters UK Edition / Posted 5 days ago
A Bank Of America sign is pictured in the Manhattan borough of New York August 21, 2014. American Express and American Express corporate cards are pictured in Encinitas, California October 17, 2011. Mutual fund provider Fidelity Investments is... Read more
2 related stories
5d
Reuters
Fidelity Investments considers dropping AmEx, BofA as partnersA Bank Of America sign is pictured in the Manhattan borough of New York August
Fidelity Investments considers dropping AmEx, BofA as partners
Reuters / Posted 5 days ago
A Bank Of America sign is pictured in the Manhattan borough of New York August 21, 2014. American Express and American Express corporate cards are pictured in Encinitas, California October 17, 2011. Mutual fund provider Fidelity Investments is... Read more
2 related stories
5d
Channel NewsAsia
Workday revenue beats estimates on subscriber growthREUTERS: Workday Inc reported a better-than-expected 51.4 percent jump in quart
Workday revenue beats estimates on subscriber growth
Channel NewsAsia / Posted 5 days ago
REUTERS: Workday Inc reported a better-than-expected 51.4 percent jump in quarterly revenue, helped by strong growth in subscription to its web-based human resource management software. Shares of Workday were up about 5 percent at US$75.97 in... Read more
6d
Providence Business News
U.S. stocks rally as S&P 500 rebounds from drop into correctionNEW YORK - U.S. stocks rallied, with the Standard & Poor’s 500 Index clawing ba
U.S. stocks rally as S&P 500 rebounds from drop into correction
Providence Business News / Posted 6 days ago
NEW YORK - U.S. stocks rallied, with the Standard & Poor’s 500 Index clawing back some of its losses from a global rout that sent the benchmark into a correction amid the steepest two-day drop since the financial crisis. Technology shares led the... Read more
47 related stories
7d
The Globe and Mail
Markets gain as investors search for bargainsNorth American stocks rallied, with the Standard & Poor’s 500 Index clawing bac
Markets gain as investors search for bargains
The Globe and Mail / Posted 7 days ago
North American stocks rallied, with the Standard & Poor’s 500 Index clawing back some of its losses from a global rout that sent the benchmark into a correction amid the steepest two-day drop since the financial crisis. The S&P/TSX composite index... Read more
47 related stories
7d
The Gadsden Times
Belk agrees to be bought by Sycamore for about $2.7 billionBelk investors will receive $68 per share, with the transaction valuing the ret
Belk agrees to be bought by Sycamore for about $2.7 billion
The Gadsden Times / Posted 7 days ago
Belk investors will receive $68 per share, with the transaction valuing the retailer at about $3 billion on an enterprise basis, the companies said in a statement on Monday. Under the terms of the deal, Tim Belk will stay chief executive officer of... Read more
34 related stories
7d
Arkansas Democrat-Gazette
Belk going private in $2.7B cash saleBelk Inc., the 127-year-old department-store chain concentrated in the South, h
Belk going private in $2.7B cash sale
Arkansas Democrat-Gazette / Posted 7 days ago
Belk Inc., the 127-year-old department-store chain concentrated in the South, has agreed to be acquired by private-equity firm Sycamore Partners for about $2.7 billion in cash. Belk investors will receive $68 per share, with the transaction valuing... Read more
34 related stories
7d
Swissinfo
Europe Stocks Give Up Gains as China Fears Smash Growth Dreams(Bloomberg) -- Bets that growth in Europe would push its stocks to stellar gain
Europe Stocks Give Up Gains as China Fears Smash Growth Dreams
Swissinfo / Posted 7 days ago
(Bloomberg) -- Bets that growth in Europe would push its stocks to stellar gains have unraveled in just a few days. Investors who poured $90 billion in European equity funds this year are back to where they started. Hammered by the worst four-day... Read more
7d
The Gadsden Times
Belk agrees to be bought by Sycamore for about $2.7 billionBelk investors will receive $68 per share, with the transaction valuing the ret
Belk agrees to be bought by Sycamore for about $2.7 billion
The Gadsden Times / Posted 7 days ago
Belk investors will receive $68 per share, with the transaction valuing the retailer at about $3 billion on an enterprise basis, the companies said in a statement on Monday. Under the terms of the deal, Tim Belk will stay chief executive officer of... Read more
34 related stories
8d
The Globe and Mail
S&P investors betrayed by beloved stocksWhy have investors been pulling money from U.S. equities at the fastest rate ev
S&P investors betrayed by beloved stocks
The Globe and Mail / Posted 8 days ago
Why have investors been pulling money from U.S. equities at the fastest rate ever? Maybe it’s because the stocks they love the most are the ones giving them the most heartache. From Apple Inc. to Alcoa Inc. to General Electric Co., the 50 companies... Read more
8d
The Globe and Mail
The biggest U.S. stocks could be global havensTo Bank of America Corp. equity strategist Savita Subramanian, the forces that
The biggest U.S. stocks could be global havens
The Globe and Mail / Posted 8 days ago
To Bank of America Corp. equity strategist Savita Subramanian, the forces that torpedoed blue chip U.S. stocks last week may be the same ones that pull them back up. U.S. equities joined foundering currencies and commodities around the world as the... Read more
10d
Crain's Chicago Business
Reason returns to U.S. equities at awkward time for global markets(Bloomberg) — Inklings of normalcy are surfacing in U.S. stocks after four year
Reason returns to U.S. equities at awkward time for global markets
Crain's Chicago Business / Posted 10 days ago
(Bloomberg) — Inklings of normalcy are surfacing in U.S. stocks after four years of relative calm — and that's not good for global markets. Consider the swoon that dragged the Standard & Poor's 500 Index to its worst losses in 46 months on Thursday... Read more
14 related stories
10d
Providence Business News
R.I. stocks fall in market turmoilPROVIDENCE – Stocks at several Rhode Island-based companies are feeling the tur
R.I. stocks fall in market turmoil
Providence Business News / Posted 10 days ago
PROVIDENCE – Stocks at several Rhode Island-based companies are feeling the turmoil shaking up Wall Street. The Standard & Poor’s 500 Index headed toward the worst week in three years after a selloff due to weak Chinese manufacturing data, Bloomberg... Read more
46 related stories
11d
Crain's New York Business
S&P 500 drops to lowest level since February 2014The Dow Jones Industrial Average lost 355.97 points, or 2.1%, to 16,992.76, the
S&P 500 drops to lowest level since February 2014
Crain's New York Business / Posted 11 days ago
The Dow Jones Industrial Average lost 355.97 points, or 2.1%, to 16,992.76, the lowest level since October. The Standard & Poor's 500 Index tumbled the most since February 2014 as the selloff in emerging-market stocks deepened, fanning concerns over... Read more
5 related stories
11d
Crain's Chicago Business
Stocks sink most since February 2014(Bloomberg) — The Standard & Poor's 500 Index tumbled the most since February 2
Stocks sink most since February 2014
Crain's Chicago Business / Posted 11 days ago
(Bloomberg) — The Standard & Poor's 500 Index tumbled the most since February 2014 as the selloff in emerging-market stocks deepened, fanning concerns over slowing global growth. Netflix Inc. lost 7.8 percent as investors targeted the biggest... Read more
46 related stories
11d
The Globe and Mail
Global markets tumble amid growth concernsCanada’s main stock index tumbled more than 2 per cent on Thursday in a broad-b
Global markets tumble amid growth concerns
The Globe and Mail / Posted 11 days ago
Canada’s main stock index tumbled more than 2 per cent on Thursday in a broad-based rout that took energy stocks to their lowest level since 2004. The Toronto Stock Exchange’s S&P/TSX composite index fell 299.63 points, or 2.13 per cent, to 13,737.... Read more
46 related stories
11d
Bizjournals
Tesla raises $738 million through stock sale to address expansion needsTesla has raised another $738 million through a stock sale. Elon Musk’s electr
Tesla raises $738 million through stock sale to address expansion needs
Bizjournals / Posted 11 days ago
Tesla has raised another $738 million through a stock sale. Elon Musk’s electric car company revealed Wednesday that it raised an estimated $738 million after it sold 3.1 million shares of stock at $242 each, with underwriters of its secondary stock... Read more
12d
Bizjournals
BofA board directors discreetly give themselves pay raiseBank of America Corp. (NYSE:BAC) directors enjoyed a pay raise earlier this sum
BofA board directors discreetly give themselves pay raise
Bizjournals / Posted 12 days ago
Bank of America Corp. (NYSE:BAC) directors enjoyed a pay raise earlier this summer, and no one seemed to notice. The Wall Street Journal reports that most of the board members received stock worth about $36,000 in June, according to Securities and... Read more
13d
Providence Business News
Moynihan faces own stress test as BofA investors lose patienceNEW YORK - When Bank of America Corp. shareholders gather next month to decide
Moynihan faces own stress test as BofA investors lose patience
Providence Business News / Posted 13 days ago
NEW YORK - When Bank of America Corp. shareholders gather next month to decide if Brian Moynihan can keep his chairman title, they won’t be the only ones about to weigh in on his career. The Sept. 22 vote comes a week before the bank has to prove it... Read more
17d
Times of Malta
Currency-rigging lawsuit settlements ‘rise past $2 billion’Investors have recovered more than $2 billion in settlements with nine banks ov
Currency-rigging lawsuit settlements ‘rise past $2 billion’
Times of Malta / Posted 17 days ago
Investors have recovered more than $2 billion in settlements with nine banks over claims of price-rigging in the foreign exchange market, and are continuing to pursue claims against seven other banks, a lawyer for the plaintiffs said. HSBC Holdings... Read more
18 related stories
17d
Arkansas Democrat-Gazette
Business news in briefUSA Truck's Harshaw earns promotion Kandice Harshaw has replaced Burton Weis a
Business news in brief
Arkansas Democrat-Gazette / Posted 17 days ago
USA Truck's Harshaw earns promotion Kandice Harshaw has replaced Burton Weis as vice president of human resources at USA Truck, according to the Van Buren-based company. Harshaw was promoted to her new role from director of human resources on... Read more
18d
Business Insurance
Currency-rigging lawsuit settlements rise past $2 billion(Reuters) — Investors have recovered more than $2 billion in settlements with n
Currency-rigging lawsuit settlements rise past $2 billion
Business Insurance / Posted 18 days ago
(Reuters) — Investors have recovered more than $2 billion in settlements with nine banks over claims of price-rigging in the foreign exchange market, and are continuing to pursue claims against seven other banks, a lawyer for the plaintiffs said... Read more
18 related stories
18d
Providence Business News
RBS joins BofA in $2B foreign exchange-fix settlementNEW YORK - HSBC Holdings PLC, Barclays PLC and three other banks agreed to sett
RBS joins BofA in $2B foreign exchange-fix settlement
Providence Business News / Posted 18 days ago
NEW YORK - HSBC Holdings PLC, Barclays PLC and three other banks agreed to settle U.S. investor lawsuits tied to the currency-rigging scandal, bringing the total so far to more than $2 billion across nine firms. Goldman Sachs Group Inc., BNP Paribas... Read more
18 related stories
18d
Reuters UK Edition
Currency-rigging lawsuit settlements rise past $2 billion - lawyerU.S. one dollar bills blow near the Andalusian capital of Seville in this photo
Currency-rigging lawsuit settlements rise past $2 billion - lawyer
Reuters UK Edition / Posted 18 days ago
U.S. one dollar bills blow near the Andalusian capital of Seville in this photo illustration taken on November 16, 2014. NEW YORK Investors have recovered more than $2 billion (1.28 billion pounds) in settlements with nine banks over claims of... Read more
18 related stories
18d
Business Insider
Investors have recovered more than $2 billion from banks over price-riggingInvestors have recovered more than $2 billion in settlements with nine banks ov
Investors have recovered more than $2 billion from banks over price-rigging
Business Insider / Posted 18 days ago
Investors have recovered more than $2 billion in settlements with nine banks over claims of price-rigging in the foreign exchange market, and are continuing to pursue claims against seven other banks, a lawyer for the plaintiffs said Thursday. HSBC... Read more
18 related stories
18d
The Star
Currency-rigging lawsuit settlements rise past $2 blnNEW YORK: Investors have recovered more than $2 billion in settlements with nin
Currency-rigging lawsuit settlements rise past $2 bln
The Star / Posted 18 days ago
NEW YORK: Investors have recovered more than $2 billion in settlements with nine banks over claims of price-rigging in the foreign exchange market, and are continuing to pursue claims against seven other banks, a lawyer for the plaintiffs said... Read more
18 related stories
18d
Reuters
Currency-rigging lawsuit settlements rise past $2 billion: lawyerU.S. one dollar bills blow near the Andalusian capital of Seville in this photo
Currency-rigging lawsuit settlements rise past $2 billion: lawyer
Reuters / Posted 18 days ago
U.S. one dollar bills blow near the Andalusian capital of Seville in this photo illustration taken on November 16, 2014. NEW YORK Investors have recovered more than $2 billion in settlements with nine banks over claims of price-rigging in the... Read more
18 related stories
18d
Channel NewsAsia
Currency-rigging lawsuit settlements rise past US$2 billion: lawyerNEW YORK: Investors have recovered more than US$2 billion in settlements with n
Currency-rigging lawsuit settlements rise past US$2 billion: lawyer
Channel NewsAsia / Posted 18 days ago
NEW YORK: Investors have recovered more than US$2 billion in settlements with nine banks over claims of price-rigging in the foreign exchange market, and are continuing to pursue claims against seven other banks, a lawyer for the plaintiffs said... Read more
18 related stories
19d
TheStreet.com
Goldman Sachs ( Says You Should Buy These 9 Financial StocksMarket Cap: $183 billion Year-to-date return: -2% Bank of America Corporation
Goldman Sachs ( Says You Should Buy These 9 Financial Stocks
TheStreet.com / Posted 19 days ago
Market Cap: $183 billion Year-to-date return: -2% Bank of America Corporation is a bank holding company. The company, through its subsidiaries, operates through Consumer and Business Banking; Consumer Real Estate Services; Global Wealth and... Read more
39 related stories
19d
Swissinfo
Global Chinese Consumer Leaves No Winners in Luxury Stocks Rout(Bloomberg) -- The rout in European luxury-goods makers is sparing nobody -- re
Global Chinese Consumer Leaves No Winners in Luxury Stocks Rout
Swissinfo / Posted 19 days ago
(Bloomberg) -- The rout in European luxury-goods makers is sparing nobody -- regardless of how much they sell in China. Burberry Group Plc and Hugo Boss AG plunged more than 7 percent in two days after China devalued its currency, even though the... Read more
19d
Reuters UK Edition
Armoured car security company Garda explores saleGarda World Security Corp, a security services firm that provides armoured tran
Armoured car security company Garda explores sale
Reuters UK Edition / Posted 19 days ago
Garda World Security Corp, a security services firm that provides armoured transportation and guards, is exploring a sale that could value it at more than C$3 billion ($2.31 billion) including debt, people familiar with the matter said on... Read more
19d
The Globe and Mail
U.S. bank stocks sell off as investors bet the Fed will waitU.S. bank stocks fell 1.9 per cent on Wednesday as investors bet that a weaker
U.S. bank stocks sell off as investors bet the Fed will wait
The Globe and Mail / Posted 19 days ago
U.S. bank stocks fell 1.9 per cent on Wednesday as investors bet that a weaker yuan will delay the Federal Reserve rate hikes that are expected to boost bank profits. The KBW Bank stock index’s decline exceeded the 1-per-cent drop in the broader... Read more
19d
Reuters
Armored car security company Garda explores saleGarda World Security Corp, a security services firm that provides armored trans
Armored car security company Garda explores sale
Reuters / Posted 19 days ago
Garda World Security Corp, a security services firm that provides armored transportation and guards, is exploring a sale that could value it at more than C$3 billion ($2.31 billion) including debt, people familiar with the matter said on... Read more
19d
Channel NewsAsia
US bank stocks sell off as investors bet the Fed will waitNEW YORK: U.S. bank stocks fell 1.9 percent on Wednesday as investors bet that
US bank stocks sell off as investors bet the Fed will wait
Channel NewsAsia / Posted 19 days ago
NEW YORK: U.S. bank stocks fell 1.9 percent on Wednesday as investors bet that a weaker yuan will delay the Federal Reserve rate hikes that are expected to boost bank profits. The KBW Bank stock index's decline exceeded the 1 percent drop in the... Read more
20d
Market Watch
Pure Storage, valued at about $3 billion, files for IPOPure Storage Inc., a data-storage startup valued at roughly $3 billion by its i
Pure Storage, valued at about $3 billion, files for IPO
Market Watch / Posted 20 days ago
Pure Storage Inc., a data-storage startup valued at roughly $3 billion by its investors, filed Wednesday to go public in what is likely to be the first of a flood of business-technology firms in the IPO market. The company boasts the hallmarks of... Read more
20d
Investopedia
How ETFs Can Wind Up Riskier than You Thought (AAPL,MSFT,VFINX,FAIRX)Investors put money in mutual funds and exchange-traded funds (ETFs) because th
How ETFs Can Wind Up Riskier than You Thought (AAPL,MSFT,VFINX,FAIRX)
Investopedia / Posted 20 days ago
Investors put money in mutual funds and exchange-traded funds (ETFs) because they are looking for diversification and professional management of their money. These investors are generally not looking to make a big bet on a single individual stock... Read more
3 related stories
20d
Providence Business News
Fidelity National agrees to buy SunGard for $9.1BNEW YORK - Fidelity National Information Services Inc., a provider of banking a
Fidelity National agrees to buy SunGard for $9.1B
Providence Business News / Posted 20 days ago
NEW YORK - Fidelity National Information Services Inc., a provider of banking and payments technology, agreed to buy software maker SunGard Data Systems Inc. in a deal valued at $9.1 billion, including the assumption of debt. FIS, as the firm is... Read more
6 related stories
21d
Business Wire
Grant Thornton grows national Financial Services Advisory practiceCHARLOTTE, N.C.--(BUSINESS WIRE)--Paul Makowski has joined Grant Thornton LLP a
Grant Thornton grows national Financial Services Advisory practice
Business Wire / Posted 21 days ago
CHARLOTTE, N.C.--(BUSINESS WIRE)--Paul Makowski has joined Grant Thornton LLP as a managing director in the firm’s national Financial Services Advisory practice, based in Charlotte, N.C. Makowski has more than 25 years of experience in financial... Read more
2 related stories
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