Bank of America Hires a Citi Banker
Paul Simpson will lead the investment bank's global treasury solutions unit.
View ArticleBank of America Looks to Expand Prime Brokerage
"We have the scale to compete and win with anybody," Thomas Montag tells a conference of investors.
View ArticleBank of America Names Executive to Oversee Bad Loan Portfolio
Ron Sturzenegger was tapped to run Bank of America Merrill Lynch’s Legacy Asset Servicing division, which includes tens of billions of dollars of mortgage assets and home loans that are delinquent or...
View ArticleBank of America Settlement Faces Growing Challenges
Several homeowners filed suit in a federal court, seeking to block a proposed $8.5 billion settlement between Bank of America and major mortgage investors.
View ArticleBank of America Notches $6.2 Billion Profit
Bank of America reported a $6.2 billion profit for the third quarter as gains from assets sales and positive accounting changes outweighed weaker results in its trading business and continued losses in...
View ArticleCitigroup Earnings Fall Short of Expectations
Although the bank increased lending and decreased its losses on bad loans, revenue in Citigroup's capital markets division fell 10 percent.
View ArticleProtesters Heckle Bank of America Chief
Brian T. Moynihan, the chief executive of Bank of America, had barely begun his speech to analysts and investors at the Citi Financial Services conference when hecklers interrupted.
View ArticleSolid Results at 2 Banks Bode Well for the Industry
Two of the nation’s largest lenders, JPMorgan Chase and Wells Fargo, reported strong revenue growth on Friday, a surprise that could bode well for the rest of the industry and the broader economy.
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