Bank of America Corp (NYSE:BAC) To Pay Its Employees Working Through The Pandemic A $750 Bonus

Bank of America Corp (NYSE:BAC) has announced that it will give its employees earning less than $100,000 per year a pandemic bonus of $750. On the other hand, those earning more will receive a stock grant or around 150 to 750 units of unrestricted stock. Staff to receive bonuses on stock grants However, the bank […]

Investors Of Bank of America Corp (NYSE:BAC) Seeks To Have A Vote That Will Bring Broader Changes

Bank of America Corp (NYSE:BAC)’s vote expected to take place on the Sept. 22 has been embraced by a majority of investors with a high expectation of changes in various items. The central issue that several large shareholders are persuasive to have changes on is the Company’s Management whereby Brian Moynihan has combined roles of […]

Bid of Bank of America Corp (NYSE:BAC) To Void $1.27 Billion Verdict Challenges Common Sense

Boston, MA 09/22/2014 (wallstreetpr) – According to reports, government of U.S. has decided to take a strict action against Bank of America Corp (NYSE:BAC)’s bid to throw out a jury verdict. As per the information given by government officials, this bid challenges common sense; hence, it should be rejected immediately. BAC had placed a verdict […]

Bank of America Corp (NYSE:BAC) To Hire Alex To of Morgan Stanley (NYSE:MS) China Investment Bank

Boston, MA 09/16/2014 (wallstreetpr) – According to reports, Alex To who heads investment banking of Morgan Stanley (NYSE:MS) China has decided to join Bank of America Corp (NYSE:BAC). The information was revealed by two people close to this matter who said that to will be given a similar role at BAC. Insights of the matter: […]

Hilton Worldwide Holdings Inc (NYSE:HLT)’s Secondary Offering And Blackstone’s Grip On The Stock

Boston, MA 09/12/2014 (wallstreetpr) – Hilton Worldwide Holdings Inc (NYSE:HLT) filed for a secondary offering of its common stock shares. The selling shareholder is Blackstone (NYSE:BX), which took it private in 2007 and later released it to the public in 2013. About 90 million shares are on offer, but underwriters have an option to purchase […]

Bank of America Corp (NYSE:BAC)’s Stock Surges, As More Mediation Ordered Into Detroit Bankruptcy Deal

Boston, MA 09/12/2014 (wallstreetpr) – The Bank of America Corp (NYSE:BAC) stock surges ahead, accounting for a holistic boost to the S&P 500 index by a whopping 8.1%. The underlying reason behind BAC stock shooting up by a 1.28% may be quite a few, however, the more pronounced one in chatter is mediation order over […]

Is JPMorgan Chase & Co. (NYSE:JPM) Trying To Escape Swap-Trading curbs For Overseas Derivatives?

Boston, MA 09/12/2014 (wallstreetpr) – Provider of diversified financial services JPMorgan Chase & Co. (NYSE:JPM) is one among the many financial institutions to have been closely watched by the U.S. Treasury Department on a possible move to evade the curbs on swap-trading of overseas derivatives. Treasury Watching Treasury Department seems to have been seized of […]

Morgan Stanley (NYSE:MS) To Hire Three Brokers Who Managed Around $1.3 Billion

Boston, MA 09/08/2014 (wallstreetpr) – Morgan Stanley (NYSE:MS) seems to hunt for expanding its operations with large and experienced workforce. Although MS is already the largest U.S. securities brokerage firm in terms of sales force, but it doesn’t want to leave any stone unturned. According to recent reports, it has hired three brokers who have […]

Twelve Large Banking Institutions Including Bank of America Corp (NYSE:BAC) To face U.S. swaps price-fixing lawsuit

Boston, MA 09/05/2014 (wallstreetpr) – Bank of America Corp (NYSE:BAC) had to pay a huge amount of $16.65 billion (approximate) to settle various claims that were put against it in relation with its involvement in false mortgage-backed securities case. A few days after that decision of the court, a federal judge on Thursday made an […]

Are JPMorgan Chase & Co. (NYSE:JPM) Operational Risks Higher?

Boston, MA 09/02/2014 (wallstreetpr) – Diversified financial services provider JPMorgan Chase & Co. (NYSE:JPM) operational risks have come under greater scrutiny in view of the threats posed by human error, frauds, external threats, and litigation. If the company filing is any indication, the amount set aside for this purpose had witnessed 6.7% increase. Operational Risks […]

Wells Fargo &Co (NYSE:WFC) CEO Swipes Government Backed Agencies Over Unfair Treatment

Boston, MA 08/27/2014 (wallstreetpr) – Wells Fargo & Co (NYSE:WFC) push to protect itself from federal authorities has seen it issue a stunning warning stating it would block the issuance of home loans to people with low credit scores. The move is aimed’ at protecting the bank from unnecessary costs that come with soured loans […]

Bank of America Corp (NYSE:BAC) Finalizes A Settlement At $16.7 Billion, Pulls Up Its Share Value

Boston, MA 08/22/2214 (wallstreetpr) – Bank of America Corp (NYSE:BAC) finally took a call to pay $16.7 billion in order to settle the budding charges emanating from the sale of a myriad of mortgages backed by sumptuous securities. Analysts are of the opinion that this move is expected to help BAC put the existing or […]

Wells Fargo & Co (NYSE:WFC) Aims To Grow and Lessen Confusion In Its Loan Business

Boston, MA 07/03/2014 (wallstreetpr) – Wells Fargo & Co (NYSE:WFC) recently announced the merger of two of its corporate asset-based lending units in an apparent effort by the bank to position itself well for the anticipated growth in the segment. The bank, which is considered the fourth largest lender in the U.S., aims to erase […]

JPMorgan Chase & Co.’s (NYSE:JPM) May Cut Jobs On Falling Revenues

Boston, MA 06/13/2014 (wallstreetpr) – JPMorgan Chase & Co.’s (NYSE:JPM) Marianne Lake, who is the chief financial officer of the biggest U.S. investment bank, said on June 11, that the bank may have to cut some jobs and reduce compensation if the revenue from trading fails to rebound from existing levels. Lake said that the […]

Wells Fargo & Co (NYSE:WFC) Loses Its Appeal Against FHA Lawsuit

Boston, MA 06/13/2014 (wallstreetpr) – Wells Fargo & Co (NYSE:WFC), recently lost its appeal filed in the United States District court of Appeals, against the Federal Housing Administration, which accused fraud by one of the biggest mortgage lenders of the U.S. This is a positive win for the U.S. government in its cases relating to […]