Bank of america Stories
Goldman Sachs: Gold Prices Bound To Fall As Economic Fears Diminish
Recent market volatility has driven panicked investors to buy gold. But rising precious metals prices could soon tarnish, the bank warns.
Morgan Stanley To Pay $3.2B For Misleading Investors About Mortgage-Backed Securities
The Wall Street bank acknowledged that it sold toxic mortgage-backed securities to investors in the run-up to the 2008 subprime mortgage crisis.
Election 2016: Bernie Sanders Won’t Demand Hillary Clinton Release Transcripts From Paid Speeches
The senator said Sunday it would “be a positive thing” for her to release transcripts of her lucrative Wall Street speeches, but he wouldn't demand it.
January Jobs Report: Wages Are Climbing, But There’s Still A Ways To Go
Evidence of strengthening wage gains suffused January’s employment figures, but history is no guide in the current U.S. economy.
GDP: US Economic Growth Cooled To 0.7 Percent Pace To End 2015 Amid Stock Market Turmoil, Global Weakness
The economy cooled in the last three months of the year, with manufacturers and miners taking the brunt of the pain.
Probability Of US Recession In 2016 Rises To 20 Percent, Big Banks Say
With markets reeling, Wall Street's top banks are fretting over a coming recession. Bank of America put the odds at 1 in 5.
Hillary Clinton Strategist Attacks Bernie Sanders’ Anti-Wall Street Ad While His Firm Works For Wall Street
Joel Benenson, a political adviser to Hillary Clinton, is also a PR man for major banks.
Big Bank Breakups: Who Needs Bernie Sanders When You’ve Got Dodd-Frank?
With higher regulatory costs in the U.S. and falling revenue, big Wall Street financial institutions could become more vulnerable to calls to slim down.
Bank Earnings Preview: JPMorgan Chase & Co. (JPM), Bank of America Corp. (BAC), Wells Fargo & Co. (WFC), Goldman Sachs Group Inc. (GS)
As U.S. financial giants begin reporting earnings this week, it remains to be seen if they can shake off market volatility and global unease.
Bernie Sanders Wall Street Reform Speech: Amid Hillary Clinton Attacks, Banks, Glass-Steagall Targeted
In a major policy speech in New York City on Tuesday, the Democrat called for an end to banks being “too big to fail.”
S&P Cuts Credit Ratings Of 8 Large US Banks As Federal Reserve Rethinks Bailouts
The credit rating agency's move comes amid growing uncertainty over whether the U.S. Federal Reserve will prop them up in a crisis.
S&P May Cut Credit Ratings Of 8 Large US Banks, Including JPMorgan And Bank of America
Standard & Poor’s said Monday that the banks may be in for a downgrade if it assesses the prospects of any future government support to be "uncertain."
Too Big To Fail: US Federal Reserve Says No More Bailouts; Burden To Shift To Investors
The proposal would require too-big-to-fail banks to issue long-term bonds to increase the cushion needed should Wall Street face another Great Recession.
Stock Market Update: Asian Markets Open Higher As Financial Sector Takes Center Stage In Next Wave Of Quarterly Results
Asian markets opened higher Monday as investors focused attention on quarterly results. The biggest U.S. banks were scheduled to issue results this week.
Chinese Yuan Is Now Fourth Most Common Global Payment Currency, Behind US Dollar, Euro, British Pound
The ascent of the Chinese currency represents a step toward Beijing’s efforts to make the yuan a major global currency.
Jeb Bush Energy Plan Most Benefits His Top Donors
A number of the biggest donors to Jeb Bush’s campaign and to his super political action committee, Right to Rise, would benefit significantly from his proposed energy plan.
Shareholders Spare Bank Of America Corp CEO And Chairman Brian Moynihan
A long-simmering dispute over whether Brian Moynihan should occupy the positions of both CEO and chairman ended Tuesday with the bank prevailing.
Dodd Frank Act Killing US Banks? Only 3 New Financial Institutions Have Opened Since 2010
Only three new financial institutions have opened in the U.S. since 2010. One explanation might be the Dodd-Frank Act.
Earnings: JPMorgan Chase & Co (JPM) Q2 Profit Up 5.2%; Wells Fargo & Co (WFC) Earnings Growth Slows
The big banks are the first of six in the U.S. to post quarterly results between Tuesday and July 20.
US Banks Post Detailed Crisis Plans To Avoid Breakup Threat
After the last financial crisis, banks were required to submit "living wills" each year to show how they would deal with bankruptcy during a crisis.
Fannie Mae Fails To Maintain Foreclosed Homes In Black And Latino Neighborhoods, Discrimination Complaint Alleges
The National Fair Housing Alliance and 19 other groups have filed a federal discrimination complaint against Fannie Mae.
Twitter Suspends Beloved Teenage Bot 'Olivia'
A bot which posted automated musings to Twitter was suspended over the weekend, prompting a social media campaign.
JPMorgan Chase & Co (JPM) And Bank of America Corp (BAC) To Cleanse Consumer Credit Reports Of Obsolete Debts
Amid lawsuits, Bank of America and JPMorgan Chase will repair the credit reports of borrowers who went through bankruptcy.
Bank Of America Corp. (BAC) Faces SEC Probe Over Customer-Protection Regulations: WSJ
Regulators have reportedly investigated the bank over maneuvers that took advantage of rules meant to protect depositors from bank failures.
Bank of America Corp (BAC) Stock Drops After Q1 Earnings Miss Forecasts
However, BofA's first quarter reversed a surprise loss from a year ago when it was hit with $6 billion for litigation expenses.
Bank Of America Reports Quarterly Profit
Last year, it had reported a surprise loss when it took a charge of $6 billion for litigation expenses.
Earnings Preview: JPMorgan Chase & Co (JPM), Wells Fargo & Co (WFC), Bank of America Corp (BAC), Goldman Sachs Group Inc (GS)
JPMorgan Chase is the first of six major U.S. banks scheduled to post quarterly results between Tuesday and April 20.
Bank Of America Breakup: Leading Analyst Endorses Proposal To Have Bank Consider Split
A leading bank analyst published a note backing a shareholder proposal to have the megabank consider splitting itself up.
Regulators Increase Scrutiny On Banks Over Tax-Avoidance Derivatives
Financial regulators are looking at complex transactions that allow hedge funds to lower their tax bills.
Who Caused The Financial Crisis? Prosecutors Face 3-Month Deadline For Bringing Charges In The Subprime Mortgage Mess
U.S. prosecutors have just 90 days to bring cases against individuals for wrongdoing in the 2008 financial crisis. Here's who could be charged.