Hugh Son
BofA escaping Countrywide to help Moynihan rebuild
NEW YORK - Bank of America Corp. yesterday struck deals to settle lending complaints, sell rights to service $300 billion of mortgages and repair...
BofA’s Moynihan said to kill proposal to cut pay for brokers
NEW YORK - Bank of America Corp. CEO Brian T. Moynihan blocked a proposal to cut the main component of most brokers’ pay for...
BofA’s client-meeting quota is said to rile equities staff
NEW YORK - Bank of America Corp. salespeople assigned to the world’s biggest stock portfolio managers were given new orders by their boss in...
BofA sued by U.S. for $1B over alleged mortgage fraud
(Updated, 3:15 p.m.)
NEW YORK - Bank of America Corp., the second- biggest U.S. lender by assets, sold defective residential mortgage loans to Fannie...
BofA posts lower 3Q profit on Merrill legal costs
NEW YORK - Bank of America Corp., the second- largest U.S. lender, said third-quarter profit dropped 95 percent on litigation expenses and an accounting...
BofA’s debt cuts leave 3-year capital cushion
CHARLOTTE, N.C. - Bank of America Corp.’s record $53 billion reduction of long-term debt in the second quarter will help the lender go three...
BofA dropped by Sallie Mae as Barclays wins college card
NEW YORK - Bank of America Corp., the second- biggest U.S. lender, divested a $1.3 billion credit-card portfolio after SLM Corp. chose Barclays Plc....
BofA’s Moynihan expects $4B near-term boost, Brown says
NEW YORK - Bank of America Corp., the second-biggest U.S. lender, can improve results by about $4 billion per quarter as expenses subside and...
BofA squeezes mortgage pipeline to Fannie as clash escalates
NEW YORK - Bank of America Corp., the second-biggest U.S. lender by assets, is stopping the sale of new home loans to government-owned Fannie...
Montag vows ‘new game’ for BofA investment bank as risk cut
DAVOS, Switzerland - Bank of America Corp.’s global banking and markets division is recovering after credit-rating downgrades ignited concern among clients and trading partners,...
