Result Page 10 for Bank of america news & latest pictures from ibtimes.com

HSBC Plans For Up to 200 U.S. Job Cuts, Jobs May Go to Ireland

The job cuts, if they go through, would be part of thousands of other cuts which financial institutions plan to make in the near future.

Key Internet Operator VeriSign Hit by Hackers

VeriSign Inc., the company in charge of delivering people safely to more than half the world's Web sites, has been hacked repeatedly by outsiders who stole undisclosed information from the leading Internet infrastructure company.

Facebook IPO: Mark Zuckerberg to Have Complete Control over the Company

Mark Zuckerberg, the Co-Founder of Facebook.

Facebook unveiled plans for the biggest ever Internet IPO that could raise as much as $10 billion, but made it clear CEO Mark Zuckerberg will exercise almost complete control over the company, leaving investors with little say.

A real estate for sale sign is displayed outside a home in Chandler Heights, Arizona

Mortgage Deal Would Give States Enforcement Clout

A proposed settlement to resolve mortgage abuses by top U.S. banks will give states broad authority to punish firms that mistreat borrowers in the future, according to documents seen by Reuters on Wednesday.

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Facebook Filing for $5-Billion IPO: Key Facts and Statistics Behind Biggest Tech IPO

Facebook Inc. will list a preliminary fund-raising goal of $5 billion on Wednesday, which is smaller than some earlier estimates of the offering. The public stock offering will probably value the company at $80 billion to $100 billion. But how did simple status updates and random photos of users help create what will likely be the biggest tech IPO in till date? Let's try to find out here...

Facebook CEO Mark Zuckerberg speaks during a news conference at Facebook's headquarters in Palo Alto

Facebook Expected to Submit Paperwork to Regulators for $5 Billion IPO

Facebook is expected to submit paperwork to regulators on Wednesday morning for a $5 billion initial public offering and has selected Morgan Stanley and four other bookrunners to handle the mega-IPO, sources close to the deal told IFR.

Bank Fees in 2012: Up, Up and Away!

Facing both a slew of regulatory developments and volatile capital markets, banks are seeing some parts of their traditional revenue model threatened. One solution: charge customers more fees, either by raising the price of existing fees, charge for services that used to be free, or offering new services at a cost.

NASDAQ Market Site in New York's Times Square

U.S. Stocks Down on Stalled Greek Debt Talks

Stocks fell on Monday after Greece's efforts to reach a debt restructuring with creditors stalled, hampering European leaders' push to shift the market's focus to jobs and growth.

Amazon 4Q Earnings Preview: Weak Margins to Offset Stronger Sales of Kindle Fire

Amazon.com is expected to report earnings Tuesday of 19 cents a share, down from 91 cents a share in the year earlier period, despite strong Kindle sales and a boom in e-commerce during the holiday season.

A protester holds Greek flags during a demonstration against a new property tax which has been included to the Greece's PPC bill to consumers in Athens.

Shares Slump as Greece Disputes EU Austerity Push

Stocks tumbled in early trading on Monday as concerns grew about the state of Europe's finances as Greece and Germany sparred over budget measures for Athens.

Stock Futures Imply Weak Open on Greek Budget Woes

Stock index futures pointed to a weak open on Monday as concerns grew about the state of Europe's finances as Greece and Germany sparred over budget measures for Athens.

U.S. Stock Futures Fall on Eurozone Worries

Stock index futures fell on Monday as concerns grew about the state of Europe's finances as Greece and Germany sparred over budget measures for Athens.

ABB Buying Thomas & Betts for $3.9 Billion

Swiss engineering group ABB said it had agreed to buy U.S. electrical components maker Thomas & Betts for $3.9 billion to ramp up its presence in the world's largest market for low-voltage products.

A vacant home for sale is pictured in Yonkers

Subpoenas Issued to Financial Firms in Expanded Probe

The Justice Department issued civil subpoenas to 11 financial institutions as part of a new effort to investigate misconduct in the packaging and sale of home loans to investors, Attorney General Eric Holder said on Friday.

REIT Earnings Preview: SL Green, Boston Properties, Simon Property Group, General Growth Properties, Equity Residential, AvalonBay

The majority of real estate investment trusts (REITs) are expected to post positive earnings for the fourth quarter and fiscal year 2011 as rent growth continues, according to analysts.

Eric Holder Launches Probe into Mortgage-Backed Securities Fraud

U.S. Attorney General Eric Holder Friday announced the formation of a task force focused on probing residential mortgage-backed securities following President Barack Obama's call for a unit to probe the finance industry's conduct leading up to the financial crisis.

Bank of America Extends Drop in Mortgage Rankings

Bank of America Corp was the fourth-biggest U.S. mortgage lender in the fourth quarter of 2011, continuing its descent in the rankings after it stopped buying loans made by smaller banks.

JPMorgan CEO Says Foreclosure Deal Threatened

JPMorgan Chase & Co. Chief Executive Jamie Dimon said President Barack Obama's decision to expand investigations into home lending and sales of mortgage securities could stop settlement talks with the states over foreclosure practices.

U.S. Treasury Secretary Timothy Geithner speaks at the Charlotte Chamber of Commerce in Charlotte

Geithner Denies Administration is Hostile to Banks

Treasury Secretary Timothy Geithner sought to calm fears that the Obama administration's bank reforms were hostile to the U.S. financial industry, saying on Wednesday the reforms were "tough where they need to be tough."

SOTU 2012: Chief Foreclosure Deal Critic Tapped as National Mortgage Czar

New York Attorney General Eric Schneiderman has been a leading critic of a deal with the nation's largest mortgage servicers over improper foreclosure practices.

Citigroup Weighs More Spending Cuts on ‘Unacceptable’ '11 Revenue

Citigroup Inc., the third-biggest U.S. bank, said it may consider further spending cuts in its securities and banking unit in 2012 after an investment of almost $1 billion failed to yield meaningful revenue.

Roche Offers $5.7B, Unsolicited, for Illumina

Roche Holding AG is offering $5.7 billion in cash to buy U.S. gene sequencing company Illumina Inc in an unfriendly takeover bid that marks a major play by the Swiss drugmaker into the gene technology field.

Group calls for U.S. to break up Bank of America

A group of consumer advocates, academics and economists want to end too-big-to-fail banks, starting with Bank of America Corp.

A Greek and an EU flag fly over the Greece's Finance Ministry in Athens

In Spite of Antics and Best Efforts, Greece Default Likely: UBS

The chief economist at Swiss banking giant UBS said Tuesday afternoon that Greece would likely default on its sovereign debt obligation, putting underwriters of insurance against such an event on the hook for billions of dollars in payments. He was only the latest market observer to say a default was imminent.

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