Hugh Son
BofA swings to quarterly profit as lender builds capital
NEW YORK - Bank of America Corp., the second-largest U.S. lender, swung to a fourth-quarter profit as the company sold assets and built capital...
Debit-fee ‘flop’ leaves banks seeking $8 billion in revenue
NEW YORK - Bank of America Corp. and its U.S. rivals may struggle to replace the $8 billion in revenue lost because of federal...
Bank of America backs off from plan to charge debit-card fee
NEW YORK - Bank of America Corp., the second-biggest U.S. lender by deposits, dropped plans to charge a $5 monthly fee for debit cards...
‘Incensed’ Moynihan fights BofA critics with Main Street appeal
NEW YORK - Bank of America Corp. CEO Brian T. Moynihan says he’s “incensed” by public criticism of his company and is pushing back...
BofA swings to third-quarter profit as cost of bad credit eases
NEW YORK - Bank of America Corp., this year’s worst performer in the Dow Jones Industrial Average, posted a third-quarter profit on a $4.5...
BofA said to seek $800 million in deal to divest pizza...
NEW YORK - Bank of America Corp., the lender divesting assets to raise capital, is in exclusive talks to sell its stake in the...
BofA said to keep bankruptcy as option for countrywide unit
NEW YORK - Bank of America Corp., the lender burdened by its Countrywide Financial Corp. takeover, would consider putting the unit into bankruptcy if...
BofA shakeup may put Montag in front for CEO succession
NEW YORK - Bank of America Corp.’s most richly compensated executive, Thomas K. Montag, may become a future candidate for the top job after...
Bank of America drops after AIG plans lawsuit tied to mortgages
NEW YORK - Bank of America Corp., the largest U.S. lender by assets, dropped 7.6 percent in New York trading after American International Group...
BofA needs to build $50B cushion as housing losses swell
NEW YORK - Bank of America Corp. may have to build its capital cushion by $50 billion and renege again on CEO Brian T....
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