NEW YORK (Reuters) - Trading revenue at U.S. commercial banks fell 66 percent in the fourth quarter, the Office of the Comptroller of the Currency said on Friday, as uncertainty over pending derivatives legislation added to a seasonal slowdown in trading. Revenue ...
Palm shares plunged Friday after the struggling US mobile device maker posted more disappointing results and speculation mounted that it could be an acquisition target. Shares in the Sunnyvale, California-based company were trading 18.94 percent lower at mid-day at 4.58 dollars. Bank ...
Bank of America CEO Moynihan addresses compensation, shareholders concerns, in annual letter Bank of America CEO Brian Moynihan conceded Wednesday that the company made a series of missteps during the credit crisis and recession that hurt its relationship with shareholders and customers. ...
NEW YORK (Reuters) - Bank of America Corp <BAC.N>, the largest U.S. bank, plans to seek approval to expand its operations in China, the Wall Street Journal reported on Sunday, citing people familiar with the situation. According to the Journal, the bank ...
CHARLOTTE, North Carolina (Reuters) - Bank of America Corp <BAC.N> completed 20,666 mortgage modifications in March under a U.S. government-backed program, up 61 percent from February, the bank said on Friday. The government's Home Affordable Modification Program provides incentives for banks to ...
Treasury receives $6.56 million from sale of Texas Capital Bancshares warrants The Treasury Department has received $6.56 million from the sale of warrants it held from Texas Capital Bancshares Inc. as part of the support it provided the bank during the financial ...
Homeowner jumps through hoops to get bird back The housing crisis has gotten so bad, even solvent homeowners are feeling the effects. Despite the economy’s recent modest strides, over 13% of homeowners are currently behind on their mortgages. And as more and ...
CHARLOTTE, North Carolina (Reuters) - Bank of America Corp's <BAC.N> push into the competitive realm of managing retirement assets is paying early dividends. The bank's retirement business is winning more 401(k) plan business from its large corporate clients in a major initiative, ...
US indexes opened up, but not by a lot. The DJIA is +21points, with Bank of America (BAC) leading the way after a good PR move.Attempting to get out ahead of regulators, Bank of America (BAC) is doing away with $35 overdraft ...
CHARLOTTE, North Carolina (Reuters) - Regulators have told Bank of America Corp <BAC.N> Chief Executive Brian Moynihan and other executives that the largest U.S. bank by assets must become "much smaller," Fox Business Network's Charlie Gasparino reported on Wednesday. Industry overseers are ...
