Hugh Son
BofA says ex-workers made impossible loan-program claims
NEW YORK – Bank of America Corp. said former workers who alleged the firm awarded bonuses for sending homeowners into foreclosure misrepresented their roles...
BofA gave $500 bonuses to foreclose on clients, lawsuit claims
NEW YORK – Bank of America Corp., the second- biggest U.S. lender, rewarded staff with cash bonuses and gift cards for meeting quotas tied...
BofA regaining its fair share of mortgage market, Thompson says
NEW YORK – Bank of America Corp., the second- biggest U.S. lender by assets, is regaining market share in home loans after shrinking the...
BofA $8.5B mortgage deal before judge after 2-year wait
NEW YORK - Bank of America Corp.’s $8.5 billion settlement with mortgage-bond investors is set to be considered by a New York court two...
BofA traders post gains all quarter as Morgan Stanley stumbles
NEW YORK – Bank of America Corp.’s traders posted gains every business day during the first quarter as Morgan Stanley’s lost money in eight...
BofA misses estimates as mortgage banking weighs on results
(Updated, 10:15 a.m.)
NEW YORK - Bank of America Corp. reported first-quarter profit that missed analysts’ estimates as lower mortgage banking income and higher legal...
Moynihan would like to be BofA’s chief for rest of his...
NEW YORK – Brian T. Moynihan, who endured record losses and public thrashings while cleaning up Bank of America Corp.’s mortgage mess, said he...
BofA surge affirms Buffett bet as Moynihan recovers from gaffes
NEW YORK - Brian Moynihan was impatient. It was August 2011, and the Bank of America Corp. chief executive officer was reviewing plans to...
BofA said to shift U.S. Trust’s bonuses to push for clients
NEW YORK - Bank of America Corp. shifted bonuses at U.S. Trust to focus employees on adding clients and boosting account balances, a change...
BofA profit drops on lower revenue as mortgage cleanup continues
NEW YORK - Bank of America Corp. reported profit dropped 63 percent as revenue shrank and costs mounted from faulty foreclosures and flawed home...
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