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With recent press about compensation curbs, there is heightened concern that Bank of America will want to accelerate repayment of TARP to defend its capital markets business, which is leading to fears of a capital raise ... Given the ongoing CEO search, fear of a capital raise only adds to the uncertain...
SOURCE: MarketWatch -
My Retirement Income is the latest demonstration of how the combination of Bank of America and Merrill Lynch offers our clients greater resources and solutions to help them pursue their retirement goals.
SOURCE: New Mexico Business Weekly -
Responding to the furor over executive pay at companies bailed out with taxpayer money, the Obama administration will order the firms that received the most aid to slash compensation to their highest-paid employees, an official involved in the decision said on Wednesday ... The plan, for the 25 top earn...
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I commend Chairman Towns for issuing a subpoena to Bank of America that has bipartisan support. I expect this subpoena will further pull the curtain back on questions that have continued to linger around Countrywide's intentions and use of the VIP program.
SOURCE: Roll Call -
Bank of America is committed to lending responsibly ... Going forward, we want to support small-business owners by making every good loan we can and proactively help those struggling with loan payments.
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There may be situations where, you want a good example, is the CEO for Bank of America, where we thought it important to claw back
SOURCE: ABC News -
The management of Bank of America having allegedly hidden from its shareholders as much as $5.8 billion of their money given as bonuses to the executives of Merrill Lynch, who had run that company nearly into bankruptcy would now settle the legal consequences of their lying by paying the SEC $33 million...
SOURCE: The Tennessean -
If these people have talents that justify those levels of compensation and Feinberg tells them you can’t have it because you’re at Citigroup or Bank of America, the next thing you know they’ll be working at Goldman Sachs or JPMorgan Chase
SOURCE: Bloomberg.com -
Washington launched its biggest offensive yet against runaway Wall Street pay practices Thursday, taking aim at everyone from senior executives to high-flying traders of complex securities. Leading the charge was the White House, which outline a series of drastic pay cuts for top executives at the natio...
SOURCE: Political Animal -
There's good intentions there, but from a competitive standpoint it would put Bank of America and Citigroup in a precarious position when it comes to keeping heads of fixed income and heads of investment banking
SOURCE: Globe and Mail -
Many of their Democrats want that subpoena, which is now part of Bank of America's greater problem, which is how many sweetheart loans were given to government officials.
SOURCE: The Hill -
We were completely transparent with Bank of America. They learned about those losses when we did
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The strategic wisdom of the Bank of America-Merrill Lynch deal is now obvious to everyone
SOURCE: Bloomberg.com -
At Bank of America, we are always looking for ways to make it easier for our clients to acquire aircraft with beneficial financing terms
SOURCE: AirportBusiness.com -
the largest transfer of wealth in the history of mankind from the taxpayers into the most dysfunctional institutions in the country - the very same institutions that caused the crisis in the first place...with government now as the largest shareholder in: Citibank, General Motors, AIG, and the Bank of A...
SOURCE: Human Events Online -
Bank of America chief executive Kenneth D. Lewis used the threat of backing out of the government-backed deal as leverage for billions more in taxpayer bailout money
SOURCE: Slate -
After a strategic review, we determined that First Republic was not a core business for Bank of America, given the company's existing wealth management businesses including U.S. Trust and Merrill Lynch
SOURCE: San Francisco Chronicle
About Bank of America
Wikipedia
Bank of America Corporation (NYSE: BAC) is the largest financial services company in the world, largest bank by assets, second largest commercial bank by deposits, and third largest by market capitalization in the United States. Full Article
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Reuters Pictures
Jane Hoffman demonstrates outside a Bank of America branch in Portsmouth, New Hampshire March 19, 2009, one of many protests planned outside banks across the United States.
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Reuters Pictures
Demonstrators stand outside a Bank of America branch in Portsmouth, New Hampshire March 19, 2009, one of many protests planned outside banks across the United States.
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Reuters Pictures
Jane Hoffman (L) and Joan Jacobs demonstrate outside a Bank of America branch in Portsmouth, New Hampshire March 19, 2009, one of many protests planned outside banks across the United States.
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AP Photo
Bank of America Chief Executive Officer Kenneth Lewis speaks at the Boston College Chief Executives' Club in Boston Thursday, March 12, 2009.
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Reuters Pictures
Bank of America Chief Executive Officer Kenneth Lewis waits to speak at the Boston College CEO club luncheon in Boston, Massachusetts March 12, 2009.
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AP Photo
Bank of America Chief Executive Officer Kenneth Lewis gestures as he speaks at the Boston College Chief Executives' Club in Boston Thursday, March 12, 2009. Lewis said nationalization of banks would be a "nightmare" that would further undermine confidence in the nation's financial system.
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AP Photo
Bank of America Chief Executive Officer Kenneth Lewis smiles as he speaks at the Boston College Chief Executives' Club in Boston Thursday, March 12, 2009. Lewis said nationalization of banks would be a "nightmare" that would further undermine confidence in the nation's financial system.
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AP Photo
Bank of America Chief Executive Officer Kenneth Lewis gestures as he speaks at the Boston College Chief Executives' Club in Boston Thursday, March 12, 2009. Lewis said nationalization of banks would be a "nightmare" that would further undermine confidence in the nation's financial system.
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Reuters Pictures
Bank of America Chief Executive Officer Kenneth Lewis speaks at the Boston College CEO club luncheon in Boston, Massachusetts March 12, 2009. Lewis defended on Thursday the bank's spending on sports marketing activities at a time when such deals are under fire as wasteful.
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Reuters Pictures
Bank of America Chief Executive Officer Ken Lewis speaks at the Boston College CEO club luncheon in Boston, Massachusetts March 12, 2009. Lewis defended on Thursday the bank's spending on sports marketing activities at a time when such deals are under fire as wasteful.
View Photo » -
Reuters Pictures
Bank of America Chief Executive Officer Kenneth Lewis waves goodbye to reporters after speaking at the Boston College CEO club luncheon in Boston, Massachusetts March 12, 2009.
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Reuters Pictures
Bank of America Chief Executive Officer Kenneth Lewis speaks at the Boston College CEO club luncheon in Boston, Massachusetts March 12, 2009. Lewis defended on Thursday the bank's spending on sports marketing activities at a time when such deals are under fire as wasteful.
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Reuters Pictures
Bank of America Chief Executive Officer Kenneth Lewis answers a question from a reporter after speaking at the Boston College CEO club luncheon in Boston, Massachusetts March 12, 2009.
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Reuters Pictures
A job seeker listens to a recruiter from Bank of America during a job fair in Heredia March 6, 2009. The job fair attracted hundreds of unemployed Costa Ricans looking for work across the country.
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Getty Images
CHARLOTTE, NC - MARCH 02: The Bank of America building looks over snow covered trees in uptown Charlotte after a snowstorm on March 2, 2009 in Charlotte, North Carolina. A late season snow storm hit the east coast of the U.S. late Sunday evening and early Monday morning.
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Getty Images
CHARLOTTE, NC - MARCH 02: The Bank of America building looks over snow covered trees in uptown Charlotte after a snowstorm on March 2, 2009 in Charlotte, North Carolina. A late season snow storm hit the east coast of the U.S. late Sunday evening and early Monday morning.
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AP Photo
A customer leaves a Bank of America office Friday, Feb. 27, 2009 in the Brooklyn borough of New York. Lost in all the hype over the just rolled-out "stress tests" of the nation's banks is this noteworthy fact: The banks are going to do some analysis of their books by themselves.
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Reuters Pictures
Kenneth Lewis, Chairman, CEO and President of Bank of America, is seen after a meeting at the Attorney General's office in New York February 26, 2009.
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Reuters Pictures
Kenneth Lewis, Chairman, CEO and President of Bank of America, is seen after a meeting at the Attorney General's office in New York February 26, 2009.
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Reuters Pictures
Kenneth Lewis, Chairman, CEO and President of Bank of America, talks after a meeting at the Attorney General's office in New York February 26, 2009.
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Reuters Pictures
Kenneth Lewis, Chairman, CEO and President of Bank of America, is seen after a meeting at the Attorney General's office in New York February 26, 2009.
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Getty Images
NEW YORK - FEBRUARY 26: Kenneth D. Lewis, Chief Executive Officer of Bank of America, prepares to enter the offices of New York Attorney General Andrew Cuomo February 26, 2009 in New York City.
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AP Photo
Bank of America Corp.'s CEO Ken Lewis arrives at the building that houses the New York Attorney General Andrew Cuomo's office, Thursday, Feb. 26, 2009 in New York.
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Getty Images
NEW YORK - FEBRUARY 26: Kenneth D. Lewis, Chief Executive Officer of Bank of America, prepares to enter the offices of New York Attorney General Andrew Cuomo February 26, 2009 in New York City.
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Getty Images
NEW YORK - FEBRUARY 26: Kenneth D. Lewis, Chief Executive Officer of Bank of America, prepares to enter the offices of New York Attorney General Andrew Cuomo February 26, 2009 in New York City.
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Reuters Pictures
Demonstrators stand outside a Bank of America branch in Portsmouth, New Hampshire March 19, 2009, one of many protests planned outside banks across the United States.
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Many of their Democrats want that subpoena, which is now part of Bank of America's greater problem, which is how many sweetheart loans were given to government officials.
SOURCE: The Hill -
We were completely transparent with Bank of America. They learned about those losses when we did
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The strategic wisdom of the Bank of America-Merrill Lynch deal is now obvious to everyone
SOURCE: Bloomberg.com -
At Bank of America, we are always looking for ways to make it easier for our clients to acquire aircraft with beneficial financing terms
SOURCE: AirportBusiness.com -
the largest transfer of wealth in the history of mankind from the taxpayers into the most dysfunctional institutions in the country - the very same institutions that caused the crisis in the first place...with government now as the largest shareholder in: Citibank, General Motors, AIG, and the Bank of A...
SOURCE: Human Events Online -
Bank of America chief executive Kenneth D. Lewis used the threat of backing out of the government-backed deal as leverage for billions more in taxpayer bailout money
SOURCE: Slate -
After a strategic review, we determined that First Republic was not a core business for Bank of America, given the company's existing wealth management businesses including U.S. Trust and Merrill Lynch
SOURCE: San Francisco Chronicle -
As a result of this collaboration, the taxpayers ended up footing the bill so Bank of America didn’t have to absorb Merrill Lynch’s losses.
SOURCE: The Market Oracle -
Avjet has enjoyed consistent growth for nearly 30 years and has emerged from the current global crisis as a clear industry leader ... When considering a financial trading partner, we wanted our clients to have the same comfort and security that is only available from one of the world's largest and most ...
SOURCE: Freshnews.com -
Bank of America customers should say ‘no thanks’ to expensive overdraft loan programs linked to their debit card ... Overdraft loan programs are an expensive and abusive form of credit. Until the Fed issues strong new regulations and those new rules are finally implemented, consumers should check with t...
SOURCE: Kansas City Infozine -
As the leading issuer of credit cards in the world, we believe that Bank of America offers us the greatest opportunity to reach people and ask them to take charge of climate change by supporting renewable energy development with every purchase.
SOURCE: Portland Indymedia -
The market's improved view of Bank of America's credit cost the company due to non-cash marks on liabilities. Excluding those items, our revenue continued to hold up well ... Obviously, credit costs remain high, and that is our major financial challenge going forward. However, we are heartened by early ...
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Thank God Ken Lewis and Bank of America had the cash and the vision to buy Merrill before the week-from-hell began
SOURCE: The Daily Beast -
What appears to have done the damage at Bank of America is the ongoing attitude of consumers who... remain cautious about spending while faced with the spectre of increasing unemployment
SOURCE: The Age -
GE and Bank of America raised question marks again ... It gave investors a reason to be cautious and take some profits.
SOURCE: The Washington Post -
I have no doubt that Bank of America will thrive and that my absence will not slow the momentum
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I just wanted to say thank you for the ups you’ve shown me during my time with you and the support you’ve shown the company ... It’s been a pleasure to lead Bank of America and interact with all of you. I have no doubt that Bank of America will thrive and my absence will not slow the momentum that is st...
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I just wanted to say thank you for the ups you’ve shown me during my time with you and the support you’ve shown the company ... It’s been a pleasure to lead Bank of America and interact with all of you. I have no doubt that Bank of America will thrive and my absence will not slow the momentum that is st...
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Bank of America is not going to fail. It's eventually going to turn this around -- but it will take time
SOURCE: The Washington Post -
The idea that the financial crisis is over is a fantasy, and it looks like the numbers bear that out ... It’s clearly not over for Bank of America.
– Niall Ferguson SOURCE: Conde Nast Portfolio
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