The Pay Czar Oct 20, 2009
No doubt, critics of the Bank of America Corporation (BAC) and the banking system in general will say that this is an over reaction to what was merely a governmental recommendation in an extraordinary situation. However if the IRS, for instance, recommends that you change some figures that affect the valuation of assets on your return, you most surely listen, and that is the same type of force being exerted in this instance. (Human Events Online)
READ: Bank of American's press release Oct 17, 2009
Bank of America Corporation [] today reported a third-quarter 2009 net loss of $1 ... " Third-Quarter 2009 Business Highlights -- Average retail deposits in the quarter increased $93.0 billion, or 16 percent, from a year earlier, including the net impact of $72.1 billion in balances from Merrill Lynch and Countrywide. Excluding Countrywide and Merrill Lynch, retail deposits grew $20.9 billion, or 4 percent, from the year-ago quarter. -- Global Wealth and Investment Management was ranked No. 1... (USA Today -- Money)
Judge Approves BofA's Waiver of Privilege Oct 16, 2009
Under the order in Securities and Exchange Commission v. Bank of America Corporation, 09 civ. 6829, the bank and Merrill Lynch will turn over information generated between Sept. 1, 2008, and Jan. 16, 2009, relevant to the bank's alleged failure to disclose to its shareholders bonuses it anticipated making to Merrill employees at the time of the merger. (Law.com)
Stocks Finish Mixed Oct 14, 2009
Bank of America Corporation (). Oct-16-9:30 a.m. ET. (BusinessWeek)
Bank of America to pay US$425m to end federal guarantee Sep 22, 2009
com - Bank of America to pay US#dollar;425m to end federal guarantee. Bank of America to pay US 425m to end federal guarantee Posted: 22 September 2009 0703 hrs. (Channelnewsasia.com)
Bank of America Terminates Asset Guarantee Term Sheet Sep 22, 2009
CHARLOTTE, N.C., Sept. 21 /PRNewswire/ -- Bank of America Corporation today announced that it has reached an agreement with the U.S. Government to terminate its term sheet with respect to the guarantee of up to $118 billion in assets by the U.S. Government ... Bank of America Corporation stock (NYSE: ) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange. (PR Newswire)
Northrop Grumman's Chairman and CEO Ronald D. Sugar Announces Plan to Retire; Board Elects Wesley G. Bush CEO and President Sep 17, 2009
He is president and chief financial officer of DreamWorks Animation SKG. He was formerly chairman of Banc of America Securities L.L.C., a subsidiary of Bank of America Corporation. Northrop Grumman Corporation is a leading global security company whose 120,000 employees provide innovative systems, products, and solutions in aerospace, electronics, information systems, shipbuilding and technical services to government and commercial customers worldwide. (PR Newswire)
Roy Jacobs & Associates Announces Summary Notice of Pendency of Derivative Actions, Proposed Settlement and Settlement Hearing ('BAC') Sep 2, 2009
UNITED STATES DISTRICT COURT DISTRICT OF DELAWARE ----------------------------------------x DONALD F. BENOIT Plaintiff, Against 1:07-CV-561-GMS BRUCE L. HAMMONDS, et al. Defendants, and BANK OF AMERICA CORPORATION, AS SUCCESSOR IN INTEREST TO MBNA CORP., and MBNA CORP., Nominal Defendants. ----------------------------------------x LEMON BAY PARTNERS, and MALCOLM ROSENWALD Plaintiff, 1:07-CV-562-GMS Against BRUCE L. HAMMONDS, et al. Defendants, and BANK OF AMERICA CORPORATION, AS SUCCESSOR IN... (Primezone Releases)
Report: US makes $4 billion from bailout banks Aug 31, 2009
Zacks Bull and Bear of the Day Highlights: IBM, Cost Plus, Inc., Colonial BancGroup Inc., BBoration and Bank of America Corporation ... In addition, Zacks Equity Research provides analysis on Colonial BancGroup Inc. (NYSE: CNB ), BBoration (NYSE: BBT ) and Bank of America Corporation (NYSE: BAC ). (Fresno Bee -- Local)
LATINA Style Magazine Announces the 2009 LATINA Style 50 Report Aug 25, 2009
2009 LATINA Style Top 50 Companies Kaiser Permanente AT&T Inc. Marriott International, Inc. Verizon Communications, Inc. Southern California Edison Prudential Financial Macy's, Inc. Johnson & Johnson WellPoint, Inc. Wal-Mart Stores, Inc. IBM Corporation McDonald's Corporation General Mills, Inc. PepsiCo, Inc. Bank of America Corporation Principal Financial Group Wells Fargo & Company Citi BNSF Railway Company Darden Restaurants, Inc. MGM MIRAGE Northern Trust Comerica Bank The Coca-Cola Company... (PR Newswire)
Bank of America Board Elects Scully as New Director Aug 22, 2009
CHARLOTTE, N.C., Aug. 21 /PRNewswire/ -- The Bank of America Corporation Board of Directors today elected Robert W. Scully as a new director, effective immediately ... Bank of America Corporation stock (NYSE: ) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange ... SOURCE Bank of America Corporation. (PR Newswire)
Colonial Bank biggest failure in state history Aug 15, 2009
Just this week Bank of America Corporation sued Colonial for more than a billion dollars to protect its claims on the Colonial loans and to keep Colonial from selling or disposing of the assets. A federal criminal investigation by the Department of Justice and probe by the Securities and Exchange Commission added to the troubles Colonial was facing, and things just became too much. (WSJA.com, AL)
Shakeup at BofA intensifies employee anxiety Aug 7, 2009
Ken Lewis, chief executive officer and president of Bank of America Corporation, today said he has made a number of changes on the company's most senior management team designed to enhance future success at the company. "The company and the environment have changed significantly," Lewis said. (Fresno Bee -- Lifestyle)
Credit Suisse reports 29 percent rise in 2Q profit Jul 23, 2009
Bank of America Corporation today reported second-quarter 2009 net income of $3. 2 billion. (Fresno Bee -- Business)
READ THE RELEASE: Bank of America pays $713M to U.S. Jul 18, 2009
CHARLOTTE, N.C., July 17, 2009 /PRNewswire via COMTEX/ -- Bank of America Corporation today reported second-quarter 2009 net income of $3 ... " "Most importantly, we continue to serve our customers and clients around the world every day, helping them with their accounts, meeting their financial needs and adding new business," Lewis added. Second Quarter 2009 Business Highlights -- Bank of America increased its Tier 1 common capital by nearly $40 billion through multiple actions during the... (USA Today -- Money)
Bank of America to Pay $713 Million in TARP Preferred Dividends Jul 3, 2009
CHARLOTTE, N.C., July 2 /PRNewswire/ -- Bank of America Corporation today said the Board of Directors has authorized approximately $713 million in dividend payments to the U.S. government under the Troubled Asset Relief Program (TARP) ... Bank of America Corporation stock (NYSE: ) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange. (PR Newswire)
Capital markets activity in 1H09 improves corporate liquidity Jul 3, 2009
Earlier this year, Bank of America Corporation (NYSE:BAC, A/A2) converted USD 3. 1bn out of its USD 6. (FT.com -- Markets)
Bank of America Announces Limited Acceptance of California State-Issued Registered Warrants for Customers and Clients Jul 2, 2009
" About Bank of America Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 55 million consumer and small business relationships with more than 6,100 retail banking offices, more than... (PR Newswire)
Merrill Lynch Global Wealth Management Business Developments 2009 Jul 1, 2009
Merrill Lynch Global Wealth Management is part of Bank of America Corporation. Visit. (JCN Network, Japan)
READ THE TESTIMONY: Bernanke's words Jun 26, 2009
Chairman Towns, Ranking Member Issa, and other members of the Committee, I appreciate the opportunity to discuss the Federal Reserve's role in the acquisition by the Bank of America Corporation of Merrill Lynch & Co., Inc. I believe that the Federal Reserve acted with the highest integrity throughout its discussions with Bank of America regarding that company's acquisition of Merrill Lynch. I will attempt in this testimony to respond to some of the questions that have been raised. (USA Today -- Money)
Banc of America Securities-Merrill Lynch Research Adds Two Strategists to Global Commodities Team Jun 2, 2009
Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange. "Bank of America Merrill Lynch" is the marketing name for the global banking and global markets businesses of Bank of America Corporation ... Lending, derivatives, and other commercial banking activities are performed by banking affiliates of Bank of America Corporation, including Bank of America, N.A., member FDIC. Securities, financial advisory, and... (Canada Newswire)
Banc of America Securities-Merrill Lynch Research Hires Ethan Harris as Head of North America Economics and David Bianco as Head of U.S. Equity Strategy; Appoints Michael Hartnett Chairman of the Research Investment Committee and Chief Global Equity Strategist Jun 1, 2009
NEW YORK, June 1 /CNW/ -- Banc of America Securities-Merrill Lynch Research today announced the hire of Ethan Harris as head of North America Economics and David Bianco as head of U.S. Equity Strategy (Canada Newswire)
First Southern Confirms Agreements May 30, 2009
Upon completion of the proposed transaction, R. Eugene Taylor, former vice chairman of Bank of America Corporation, would join First Southern as Chairman and Chief Executive Officer. Brian Sherr, current Chairman of First Southern, would become Vice Chairman, and Franklin Burnside, the former head of the Citibank Private Bank in the United States, would remain as President. (PR Newswire)
Temple Sloan Resigns From Bank of America Board May 30, 2009
CHARLOTTE, N.C., May 29 /PRNewswire/ -- Bank of America Corporation today said that O. Temple Sloan, Jr. has resigned from the Board of Directors, effective May 26, 2009 ... Bank of America Corporation stock (NYSE: ) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange ... SOURCE Bank of America Corporation. (PR Newswire)
Bank of America raises US$13.47b in stock sale May 20, 2009
com - Bank of America raises US#dollar;13. Bank of America raises US 13. (Channelnewsasia.com)
Bank of America Concludes At-the-Market Stock Offering May 20, 2009
CHARLOTTE, N.C., May 19 /PRNewswire/ -- Bank of America Corporation today said it has concluded its previously announced sale of common stock through an At-the-Market issuance program ... Bank of America Corporation stock (NYSE: ) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange. (PR Newswire)
READ: Bank of America's statement May 8, 2009
Bank of America, N.A. Member FDIC. 2009 Bank of America Corporation. All rights reserved. (USA Today -- Money)
Alliance Board Member Walter E. Massey Elected Chairman of Bank of America May 1, 2009
ATLANTA, April 30 /PRNewswire-USNewswire/ -- Alliance for Digital Equality (ADE) Chairman Julius H. Hollis today offered congratulations to ADE Board Member Dr. Walter E. Massey following the announcement of his election to serve as Board Chairman of Bank of America Corporation. Dr. Massey, who was appointed to his leadership role with The Alliance in December 2008, also co-chairs the ADE's Corporate Advisory Council with Coca-Cola Corporation's Vice President of Latino Affairs Rudy Beserra. (PR Newswire)
Bank of America Announces Results from Annual Meeting Apr 30, 2009
CHARLOTTE April 29 /PRNewswire/ -- Bank of America Corporation today announced the results of management and shareholder proposals at the company's 2009 annual meeting ... Bank of America Corporation stock (NYSE: ) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange. (PR Newswire)
Bank of America Earns $4.2 Billion in First Quarter Apr 20, 2009
CHARLOTTE, N.C., April 20 /PRNewswire-FirstCall/ -- Bank of America Corporation today reported first-quarter 2009 net income of $4. 2 billion. (Canada Newswire)
Thain Tells All on Merrill Lynch Bonuses Feb 26, 2009
The document, sources say, is titled: "DISCLOSURE SCHEDULES to AGREEMENT AND PLAN OF MERGER By and between MERRILL LYNCH INC. And BANK OF AMERICA CORPORATION" and states on page 14 that the "Variable Incentive Compensation Program ("VICP")" "in respect of 2008 . . . . . may be awarded at levels that do not exceed $5.8 billion in aggregate value (inclusive of cash bonus and the grant date value of long-term incentive awards).". According to Thain's spokesperson, Jesse Derris of Sunshine Sachs... (ABC News)
Bank of America Applauds President Obama's Homeowner Affordability and Stability Plan Feb 19, 2009
Bank of America Corporation stock is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange. SOURCE Bank of America. (PR Newswire)
Stock Preacher Issues Technical Trade Alerts on: GE, COP, CVX, BAC, C Feb 10, 2009
Investors can view all of the daily updates for free by visiting: http://StockPreacher (Canada Newswire)
NW Stock Report Feb 8, 2009
BANK OF AMERICA CORPORATION. BELO CORP COM SER. (KGW Northwest NewsChannel 8, OR -- Business)
For 2 banks, love was blind Feb 8, 2009
After a weekend of whirlwind deal-making and emergency meetings at the Federal Reserve Bank of New York, John Thain and his team at Merrill Lynch had sold their troubled brokerage firm to the Bank of America Corporation, dodging the financial sinkhole that was swallowing Lehman Brothers. But before Wachtell lawyers, who were representing Bank of America, signed off on the deal, they told Merrill's lawyers that they wanted to be sure about just one more thing: the size of the bonuses that Thain... (International Herald Tribune -- Business)
