All Posts Tagged With: "bank of america"
Bank of America (NYSE: BAC), Home Depot (NYSE: HD) Lead Dow Higher in 2012
Despite souring investor confidence, some stocks have performed incredibly well in the past year. As they year 2012 draws to a close, market observers have begun to look for the key story lines from the year – from the election to the fiscal cliff, from the London whale to the rebound of financial service stocks, [...]
Deutsche Bank (NYSE: DB) CEO Predicts Mergers in European Banking Sector
For the past four years, too big to fail has been a rallying cry for market observors who feel banks simply became too big. Despite this, it seems many European banks are striving to get bigger again. In the mid 1990’s, the banking sector in the United States actively lobbied Congress to repeal the Glass [...]
Bank of America (NYSE: BAC) Changing View on Fees
The financial regulatory reform act appears to be reaping dividends for consumers, protecting them from usurious fees as originally intended. The Dodd Frank reforms are still in process of being implemented, but one of the core tenets was their limit to fees charged to customers on debit and credit cards, and limiting the charge to [...]
Settlement Reached for Bank of America (NYSE: BAC), UBS (NYSE: UBS), and Lombardy Region
A settlement has been reached in one of the more peculiar lawsuits stemming from the financial crisis of 2008. Italy’s picturesque Lombardy region has been embroiled in lawsuits with banking giants Bank of America (NYSE: BAC) and UBS (NYSE: UBS), over derivatives linked to $1 billion of bonds issued years ago. Today’s settlement comes weeks [...]
Wells Fargo (NYSE: WFC) Expands Presence in Old Wachovia Market
While many of the nation’s largest banks are downsizing operations to combat changing market conditions, Wells Fargo (NYSE: WFC) has opted to go the other way, expanding it’s presence in the Charlotte North Carolina market. The bank is moving 1,500 employees into a new, 300,000-square-foot space in the Duke Energy Center. The San Francisco-based company’s [...]
Wells Fargo (NYSE: WFC), JP Morgan Chase (NYSE: JPM), and Bank of America (NYSE: BAC) Increase Bank Branches While Branch Counts Fall Across Country
The number of bank branches are on the decline in the U.S., a sign that the financial crisis of 2008 has caused a shift for the financial institutions. Though the number of branches in down in total, big banks buck that trend and have shown increases. Massive consolidation in the industry over the past four [...]
Bank of America (NYSE: BAC) Sued By Federal Government
Bank of America Corp. (NYSE: BAC), dogged by lawsuits for the past four years, now has another one on it’s plate – and this one may gain the most exposure yet. The most recent lawsuits comes from the federal government, which filed a civil lawsuit against the firm alleging that the second-biggest U.S. bank by [...]
Warren Buffett Likes Bank of America (NYSE: BAC), Wells Fargo (NYSE: WFC), Citigroup (NYSE: C), JPMorgan Chase (NYSE:JPM), and Others
Warren Buffet likes bank stocks – something that the rest of the investing community should take notice of. In a recent interview with CNBC, the legendary investor shared some of his thoughts on the financial markets today, and what he’s been buying lately. True to form, Buffett is continuing his trend to ‘buy straw hats [...]
Bank of America Agrees to Pay $8.5 Billion Claims
As part of Bank of America’s takeover of Countrywide Financial Corp, the bank agreed to settle with large investors who suffered losses on mortgage-related securities that were issued by Countrywide. The details of the deal were still being worked out but initial reports say that it would be worth $8.5 billion. The 22 investors held [...]
As the shareholders in Germany opposes the re-election of Mr Flint as Chairman and Mr Gulliver CEO of HSBC Holdings ...
Since Obama seems to never know anything about any issue at any given time on any given subject from any ...
a one year high of $63.82? On May 15th?
What a nonsense, the shares were at $77.11!