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Bank of America Corp (NYSE:BAC) Woes Deepen As Dirty Secret Of CEO Office Surfaces

Boston, MA 12/18/2013 (wallstreetpr) – Beleaguered American banking and financial giant Bank of America Corp (NYSE:BAC) saw its already tarnished image dented further by yet another news doing the rounds, this time disclosing a murky secret about its CEO’s office. According to reports of a recent investigation by Bloomberg, Bank of America Corp (NYSE:BAC)’s Office of the […]

Bank of America Corp (NYSE:BAC) Makes Good Of Merrill’s Default

Boston, MA 12/13/2013 (wallstreetpr) – Bank of America Corp (NYSE:BAC) has to cough up $131.8 million as a penalty against a settlement which arised due to Merrill Lynch’s bundling and selling of a series of mortgage securities. The order On Thursday, Securities and Exchange Commission (S.E.C.) passed an order which accuses Bank of America’s Merill Lynch […]

Citigroup Inc (NYSE:C) Adds A Wealthy Director To Its Board – BAC, JPM

Boston, MA 12/12/2013 (wallstreetpr) – Citigroup Inc (NYSE:C) has announced the inclusion of Duncan Hennes to its board of directors. There could be several factors which promoted the bank’s chairman Mike O’Neill to get Hennes into his company’s board, but what can clearly be seen is that Hennes brings a wealth of knowledge in risk […]

Regions Financial Corporation (NYSE:RF): Consolidation Is The Name Of The Game – JPM, BAC

Boston, MA 12/11/2013 (wallstreetpr) – Regions Financial Corporation (NYSE:RF) is a Fortune 500 company and the only one in Birmingham. Under chief executive Grayson Hall, the company has turned around impressively and the future is even promising. Its profits are up and expenses and down at the same. It is expanding revenue sources and consolidating operations […]

Year-To-Date, Bank of America Corp (NYSE:BAC) Is The Performance Leader – JPM, C

Boston, MA 11/28/2013 (wallstreetpr) – Bank of America Corp (NYSE:BAC) operates in recovering financial environment. But even in this environment, the bank is doing greatly in several fronts compared to its peers that make the cluster of the largest banks in the U.S. by asset value.  Looking at the valuation, the BAC comes ahead of JPMorgan […]

Bank of America Corp (NYSE:BAC): Employees Disagree Over Video ATMs – JPM, WFC

Boston, MA 11/27/2013 (wallstreetpr) – Bank of America Corp (NYSE:BAC), the second largest bank in the U.S. after JPMorgan Chase & Co. (NYSE:JPM) is reducing its location branches as part of cost reduction strategy. The bank’s CEO Brian Moynihan is promising to take the financial institution back to its former glory days. This means seeking […]

Bank of America Corp (NYSE:BAC) Closes Cascade Park Branch, More To Follow

Boston, MA 11/26/2013 (wallstreetpr) – The rise in mobile and internet banking is taking a tall on traditional banking. More financial institutions such as Bank of America Corp (NYSE:BAC) has shrinking branch operations nationwide in efforts to embrace the more cost efficient mobile and online banking. For this reason, BAC has announced the closure of its […]

Bank of America Corp (NYSE:BAC) Found Guilty Of Defrauding Fannie Mae

Boston, MA 11/04/2013 (wallstreetpr) – The verdict is out and with it, Bank of America Corp (NYSE:BAC) has been found guilty of defrauding Fannie Mae by selling it thousands of defective loans in a first case of its kind brought by the US government. It is not only Bank of America that is facing the axe buts […]

Bank of America Corp (NYSE:BAC) Announces 4000 Mortgage Job Cut Plans

Boston, MA 10/31/2013 (wallstreetpr) – Bank of America Corp (NYSE:BAC) which is one of America largest banks has announced that it is cutting down up to 4,000 mortgage jobs. The rising mortgage rates which have cut into demand for home loan refinancing has precipitated the layoffs in some of the banks. The move by Bank of […]

Bank of America Corp (NYSE:BAC) To Slash 4000 Jobs Due To Good Business

Boston, MA 10/29/2013 (wallstreetpr) – As strange as it may sound, one of the largest banks in the world, Bank of America Corp (NYSE:BAC) has decided to slash 4000 jobs because its business is getting better. These cuts would happen in two tranches and in the first round 1200 employees would be axed in next few […]

Bank of America Corp (NYSE:BAC) Found Liable For Fraud Against US Government

Boston, MA 10/25/2013 (wallstreetpr) – It seems that ghost of 2007 – 2008 Crisis will continue to haunt US financial conglomerates for some more time. In a latest case, Bank of America Corp (NYSE:BAC) has been found liable of fraud. And to make matters worse, it has been proved that bank committed the fraud against the […]

Bank of America Corp (NYSE:BAC) Sees A Ray Of Hope In The Mortgage Fraud Case

Boston, MA 10/23/2013 (wallstreetpr) – The Bank of America Corp (NYSE:BAC), which was once pestered by rising litigation costs, which had not only put a stress on its finances, but also put a dent on its image to work in the best interests of the people, has reasons to take a sigh of relief. In a […]

Bank of America Corp (NYSE:BAC) Diversification And Cost Cutting Yield Results

Boston, MA 10/21/2013 (wallstreetpr) – Bank of America Corp (NYSE:BAC) has managed to declare better than expected quarterly results on account of cost cutting and its diversified portfolio. Other banks and financial institutions in the same space have not been so lucky. Goldman Sachs Group Inc (NYSE:GS) reported a fall in revenue by 20% in the […]

Bank of America Corp (NYSE:BAC) Mortgage Space Still A Worry

Boston, MA 10/18/2013 (wallstreetpr) – Bank of America Corp (NYSE:BAC) reported good 3Q13 results on back of improving credit quality, reduction in costs and overall favorable credit conditions. Earnings were up at $0.20 per share, revenues showed positive growth at $21.7 billion, and the average deposit balances were highest in many years at $522 billion. The […]

Bank of America Corp (NYSE:BAC) Declares 3Q13 Results

Boston, MA 10/17/2013 (wallstreetpr) – Bank of America Corp (NYSE:BAC) declared healthy third quarter results due to favorable credit conditions and lower expenses. Earnings were $0.20 per share against $0.18 per share expected by analysts. The company had made no profit for the same period last year. Revenues increased to $21.7 billion. Analysts had expected revenues […]