Bank of America Corp. News
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MGIC loses Bank of America: Firm's fighting of claims prompts BofA to leave
... the company a huge customer — Bank of America. MGIC disclosed last week that Bank of America had ceased doing business with the Milwaukee-based firm “as a result of its dissatisfaction” ...
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Bank of America Ruling on SEC Accord Due by Feb. 19
... Feb. 8 (Bloomberg) -- Bank of America Corp.’s proposed $150 million settlement with the U.S. Securities and Exchange Commission over the ...
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New SEC-Bank of America settlement faulted
... case. He noted the latest proposal, like the first one, would not punish individual Bank of America executives. The judge referred repeatedly to a lawsuit filed last week in state court ...
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Bank of America donates $250,000 toward SteelStacks Center
... Bank of America donates $250,000 toward SteelStacks Center This is an artist's rendering of the future SteelStacks ...
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New Bonuses: AIG, Bank of America Reward Richly
... what they had been originally promised. AIG is still majority-owned by the U.S. government. Bank of America was also bailed out for $45 billion and posted a loss of $2.2 billion ...
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New SEC-Bank of America settlement proposal faulted
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Time for bonus round at banks
... translated to about 30 percent of revenue, and about $99,000 per full-time employee. Former Bank of America CEO Ken Lewis and current CEO Brian Moynihan aren't receiving bonuses for 2009, a ...
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Top N.Y. lawmaker cites 'fraud' in B of A civil suit
... the deal by a new name yesterday: fraud. Mr. Cuomo filed civil charges against Bank of America and former chief executive officer Kenneth Lewis, accusing them of hiding the extent of ...
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Judge questions SEC $150 million accord with BofA
... federal judge expressed skepticism about the U.S. Securities and Exchange Commission's $150-million settlement with Bank of America Corp
over the Merrill Lynch takeover, questioning whether the regulator was too tame ... -
Rakoff Still Has Questions About SEC Pact With BofA
... submitted to him -- that would bring an end to two actions against the Bank of America Corp. stemming from its $50 billion takeover of Merrill Lynch & Co. in 2008. ...
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Judge Questions Bank of America's New Deal With SEC
... think broadly about the right pay levels, the judge said. When a lawyer for Bank of America said the bank generally did not pay lofty compensation, the judge retorted, compared with ...
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WSJ wants Cuomo to look in mirror - 2/8
... dangerous decline in underwriting standards at these government-sponsored enterprises " Cuomo is alleging that Bank of America misled its shareholders over the financial status of Merrill Lynch. He also says former ...
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Moynihan To BofA Troops: Hold the Line on Risk
... Bank of America CEO Brian Moynihan is trying to take a harder line on risk as he ...
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Time for bonus round at banks: It's not the good old days, and it won't be all cash. But millions in extra pay will be handed out.
... Wall Street. Still, there is some cause for celebration inside the Charlotte towers of Bank of America and Wells Fargo. At Bank of America, employees have been learning this month about ...
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Judge Questions Bank of America's New Deal With S.E.C.
... governance changes proposed in the settlement. In particular, he said it bothered him that Bank of America would be allowed to select its own compensation committee, without oversight by the court ...
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