Hugh Son
BofA chief says lender to generate excess capital for investors
NEW YORK - Bank of America Corp., the largest U.S. lender by assets, should be viewed by investors as a growth company that “can...
BofA doubles credit card unit’s writedown to $20.3 billion
NEW YORK - Bank of America Corp., the biggest U.S. lender by assets, almost doubled a goodwill impairment for its credit-card unit to $20.3...
BofA to trim bank branches, test remote video wealth advisers
NEW YORK - Bank of America Corp., the biggest U.S. lender by assets, will close some retail branches this year and try to boost...
Biggest U.S. lenders, including BofA, can withstand loan buybacks, S&P says
NEW YORK - The biggest U.S. lenders including Bank of America Corp. and JPMorgan Chase & Co. will probably avoid rating downgrades from costs...
BofA reports wider loss in 4Q on costs for refunds, writedowns,...
Bank of America Corp., the largest U.S. bank by assets, reported a $1.24 billion fourth-quarter loss as costs mounted for refunds, writedowns and litigation...
BofA introduces fees to replace debit-card, overdraft charges
NEW YORK - Bank of America Corp., pressured by U.S. regulations limiting debit-card and overdraft fees, is set to give its retail customers a...
Moynihan fights fires at Bank of America amid book-value doubts
NEW YORK - Brian T. Moynihan spent his first year as Bank of America Corp.’s CEO putting out fires smoldering from the financial crisis....
BofA in ‘hand-to-hand combat’ over mortgage disputes, CEO says
NEW YORK - Bank of America Corp. CEO Brian T. Moynihan said resolving investor demands for refunds over faulty mortgages is turning into a...
BofA may have to buy back $20 billion in home loans,...
NEW YORK - Bank of America Corp., the biggest U.S. lender by assets, should repurchase as much as $20 billion in home loans that...
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