Hugh Son
BofA posts profit on trading gains after mortgage settlement
CHARLOTTE, N.C. - Bank of America Corp., which agreed to a record $16.7 billion settlement of government mortgage probes in August, posted a surprise...
JPMorgan password said to lead hackers to 76 million homes
NEW YORK - Hackers exploited an employee password to crack a JPMorgan Chase & Co. server and ultimately pull off one of the largest...
BofA CEO Brian Moynihan named chairman as crisis struggles fade
NEW YORK - Bank of America Corp. named CEO Brian T. Moynihan chairman of the board after he led the firm through legal battles...
BofA to pay $16.65 billion to end U.S. mortgage probes
(Updated, 1 p.m.)
WASHINGTON - Bank of America Corp. agreed to pay about $16.7 billion to end federal and state probes into mortgage bond sales,...
BofA said to near U.S. mortgage accord after raising offer
NEW YORK - Bank of America Corp. is nearing a settlement with the U.S. Justice Department after raising its proposed offer to resolve probes...
BofA earnings tumble on $4B expense for litigation
NEW YORK – Bank of America Corp., the second-biggest U.S. bank, said profit declined 43 percent as it spent $4 billion to cover litigation...
BofA mortgage negotiations said to stall as U.S. readies lawsuit
WASHINGTON - The United States is preparing to sue Bank of America Corp. amid an impasse in talks to resolve government probes of the...
Moynihan: Suspended dividend increase tough on investors
Bank of America Corp.’s gaffe on U.S. stress tests has meant “tough consequences” for investors, CEO Brian T. Moynihan said Wednesday as his staff...
BofA seen asking Fed for dividends over buybacks
NEW YORK – Bank of America Corp. CEO Brian T. Moynihan won permission last month for the firm’s first dividend increase since the financial...
BofA risks reporting loss on mortgage accord, Portales says
NEW YORK – Bank of America Corp. could post a second-quarter loss because of costs tied to resolving federal and state probes into the...
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