BANK OF AMERICA

April US Consumer Price Index Flat As Gas Prices Fall

The Chicago PMI continues to signal economic recovery for the region, although some business have become worried about rising energy costs
Consumer prices in the U.S. were flat in April amid signs that a spike in gasoline costs was ebbing, according to government statistics released on Tuesday, supporting the Federal Reserve's view that the jump in fuel costs is only temporary.
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Court Refuses To Delay BofA-Merrill Lynch Settlement

A federal judge in New York on Monday refused to delay the approval process for a controversial $20 million settlement between Bank of America Corp directors and shareholders who accused the bank of overpaying for Merrill Lynch & Co.
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LinkedIn

Silver Lake Partners Expresses Interest In Monster Acquisition: Report

The LinkedIn Corp. (NYSE: LNKD), the business-related social-networking company, considered buying online job-listings provider Monster Worldwide Inc. (NYSE: MWW), but decided against the purchase, according to Reuters. Meanwhile, the private-equity firm Silver Lake Partners continues to have interest.
Futures Drop As JPMorgan Weighs On Banks

Futures Drop As JPMorgan Weighs On Banks

Stock index futures fell on Friday and were on track to extend the week's losses after JPMorgan Chase & Co revealed a shocking trading loss of at least $2 billion from a failed hedging strategy.
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Shock Of JPMorgan Loss Hits Stock Futures

Stock index futures fell sharply on Thursday evening as JPMorgan Chase & Co stunned investors with news that its chief investment office had incurred significant mark-to-market losses that it said could easily get worse.
JP Morgan Chase

JPMorgan Chase Rolls Out Prepaid Card To Recoup Lost Fees

JPMorgan Chase & Co. (NYSE:JPM), the largest and most profitable U.S. bank, will launch a reloadable prepaid card in its 5,541 branches this summer, aiming to attract new customers and recoup fees it has lost under recent regulatory changes.
A sign is seen outside the JPMorgan office in Los Angeles

European, US Officials Struggle To Tighten Banking Rules

European Union finance ministers failed Thursday to hammer out new global banking regulations, highlighting the resistance regulators on both sides of the Atlantic face as they push for tougher banking rules to ensure banks won't spark another great recession, as they did in 2008.
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Occupy Wall Street's May Day in New York Ends In Failed Plaza Occupation

Activists aligned with the Occupy Wall Street movement in New York ended a day of mass street protest Tuesday by being chased out of a public plaza in Lower Manhattan by the police, in an anti-climactic conclusion to what otherwise seemed to have been a successful day for the visibility of their cause.
A demonstrator poses in New York's Bryant Square during the morning's May Day street action

Occupy Wall Street May Day Protest Early Pictures

In spite of organizers providing free coffee and bagels, planned May Day demonstrations across New York convened by the loosely organized movement against social and economic inequality known as Occupy Wall Street got off to a wet, slow, sleepy start. Much like the day itself, however, the street actions began warming up into the late afternoon and, by lunchtime, seemed to be close to going into full swing.
Bank of America Chief Executive Officer Brian Moynihan

Bank Of America Cutting 2,000 High-Wage Earners: Report

Bank of America Corp., the second-largest U.S. bank by assets, will dismiss about 2,000 employees, many of whom earn high salaries, in its investment banking, commercial banking and non-U.S. wealth-management units, according to the Wall Street Journal.
FOMC

FOMC Preview: Policy To Stay Put At April Meeting

Federal Reserve officials are expected to be in wait-and-see mode on extra stimulus at the April Federal Open Market Committee meeting this week, as little has changed since the March meeting to warrant policy changes, economists say.
The logo of Spanish bank Santander is seen outside a building in Madrid

Banco Santander Moving Toward IPO Of Mexican Unit: Report

Banco Santander SA, Spain's biggest bank and the euro zone's largest bank by market value, is preparing to sell part of its rapidly-expanding Mexican operations via an initial public offering, the Wall Street Journal reported Monday.

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