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Bank of America Corp is forcing out Chief Risk Officer Amy Woods Brinkley, after a surge in credit losses led to a government bailout and orders by regulators to raise $33.9 billion of capital.

Singapore state investor Temasek sold its stake in British bank Barclays Plc several months ago at a big loss, people familiar with the matter said on Wednesday.

Wall Street and European banks have long sat atop the rankings for arranging initial public offerings across Asia.

Bank of America Corp's corporate and investment banking unit has hired Ethan Harris as head of North America economics and David Bianco as head of U.S. equity strategy, two of the highest-profile appointments since the acquisition of Merrill Lynch & Co.

Merrill Lynch’s energy trading operations in Houston are having a switch in some key trading positions, Bloomberg reported on Thursday.

Singapore's Temasek defended its money-losing exit from Bank of America , saying the U.S.-centric bank did not fit its investment criteria and the risk was perceived to be greater than the expected return.

U.S. banks have been able to raise many billions of dollars in the past few weeks by selling shares to investors, but the jury is still out on whether this is the savviest of smart money -- or just plain dumb.

Bank of America Corp Chief Executive Kenneth Lewis, whose bank sold $13.47 billion of common stock this month, on Wednesday said the worst of the economic downturn has likely passed and that conditions will not worsen as much as feared.

Bank of America Corp Chief Executive Kenneth Lewis said the worst of the economic downturn has likely passed and conditions will not worsen as much as feared, a day after his bank raised $13.47 billion in a common stock offering, .

Bank of America Corp raised $13.47 billion through a share sale, marking a major step toward meeting the U.S. government's requirements for capital-raising following the recent stress testing of the bank.

U.S. officials have urged Bank of America Corp to revamp its board and bring in directors with more banking experience, the Wall Street Journal said.

Singapore's Temasek sold its 3 percent stake in Bank of America in the first quarter of this year, taking a loss of around $3 billion in the process, as the state investor refocuses on emerging markets.

U.S. Federal Officials have urged banking giant Bank of America Corp to revamp its board and bring in directors with more banking experience, the Wall Street Journal said.

A group of major banks including Citigroup Inc , JPMorgan Chase & Co and Barclays Plc has sued MBIA Inc , charging that the bond insurer illegally restructured its operations by moving $5 billion of assets and leaving a key unit effectively insolvent.

Former Treasury Secretary Henry Paulson told nine banks last year that they should accept a federal infusion of funds or be forced to by the regulators, according to a report.

MBIA Inc , once the largest U.S. bond insurer, reported Monday it had swung to a first-quarter profit after a huge year-earlier loss, sending its shares up 18 percent in after-hours trade.

The CEO of Bank of America Corp., Kenneth Lewis said on Friday the bank is able to raise the required capital to meet the requirements of the stress tests and that he plans to stay with the bank until the needs are met.

Bank of America Corp , ordered by the government to find $33.9 billion of capital, said on Thursday it planned to sell assets and issue more common stock to cover the shortfall.

Bank of America chief executive Ken Lewis on top federal officials will be asked by a Congressional panel to testify next month about his claims that the U.S. Treasury and Federal Reserve pressured him to close deal to acquire Merrill Lynch, a person familiar with the investigation told the Wall Street Journal.

Bank of America Corp's chief executive and top federal officials will be asked by a Congressional panel to testify next month about claims that the bank was pressured by the government to complete its purchase of Merrill Lynch & Co, the Wall Street Journal reported on Wednesday, citing a person familiar with the investigation.

Bank of America Corp's chief executive and top federal officials will be asked by a Congressional panel to testify about claims that the bank was pressured by the government to complete its purchase of Merrill Lynch & Co, the Wall Street Journal reported on Wednesday, citing a person familiar with the investigation.

Fixes headline to say BofA CEO will be asked to testify: report, instead of will testify

Bank of America Corp's chief executive and top federal officials will be asked by a Congressional panel to testify about claims that the bank was pressured by the government to complete its purchase of Merrill Lynch & Co, the Wall Street Journal reported on Wednesday, citing a person familiar with the investigation.

Regulators have told Bank of America Corp it needs $34 billion of capital to withstand a deep economic downturn, as the U.S. government prepares to release results of industrywide stress tests.

Regulators have told Bank of America Corp it needs $34 billion of capital to withstand a deep economic downturn, an industry source familiar with results of a government stress test said late on Tuesday.

Solar, like much of the cleantech industry, should prove a profitable bet for investors over the next decade as demand grows and costs fall, a top cleantech strategist said on Wednesday.

Bank of America needs $34 billion in extra cash, a source familiar with U.S. government stress tests on leading banks told Reuters, unsettling markets and stoking talk of a possible asset sale in China.

Bank of America Corp has been deemed to need as much as $34 billion in additional capital, according to the results of a government stress test, a source familiar with the results told Reuters late on Tuesday.

The father of money market funds, Reserve Primary Fund founder Bruce Bent Sr., was among those charged with fraud on Tuesday by securities regulators for allegedly failing to tell investors about the fund's vulnerability to Lehman Brothers' bankruptcy.