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Bank of America Corporation (BAC)

  • Jun. 10, 2009, 1:42 PM
    As expected, White House names Kenneth Feinberg, who oversaw the government's compensation fund for 9/11 victims, as 'pay czar.' His mandate: to dictate the pay of the top 25 executives at AIG (AIG), Citigroup (C), Chrysler, Chrysler Credit, GM, GMAC, and Bank of America (BAC). Here's the Treasury's "Say on Pay" fact sheet (.pdf).
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  • Jun. 9, 2009, 3:44 PM
    House lawmakers to subpoena Fed for BofA/Merrill (BAC) documents. (WSJ)
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  • Jun. 9, 2009, 10:03 AM
    10 of 19 large banks have been given the go-ahead to repay $68B in TARP loans, Treasury's Geithner says. JPMorgan (JPM) and Goldman Sachs (GS) appear to be among those approved, along with AXP, BNY, BBT, COF, STT, USB and NTRS. Bank of America (BAC) and Citigroup (C) likely not.
  • Jun. 9, 2009, 8:52 AM
    BoA (BAC) is stuck picking up the legal tab for Mozilo and two other former Countrywide execs facing fraud charges. Defending the three men could cost over $20M.
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  • Jun. 9, 2009, 7:50 AM
    Bank of America (BAC) agrees to 'facilitate' the return of more than $3B to California clients who purchased auction rate securities.
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  • Jun. 8, 2009, 4:21 PM
    Jackie Ward and Patricia Mitchell resign as members of Bank of America's (BAC) board. That's five since April.
  • Jun. 4, 2009, 10:36 AM
    Septuagenarian Bank of America (BAC) activist shareholder Jerry Finger, who spearheaded a successful campaign to ouster Ken Lewis as chairman, may be invited to sit with the board and air his views on how to fix the ailing giant.
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  • Jun. 4, 2009, 10:01 AM
    Dow leaders: JPM +1.5%. HPQ +1.3%. BAC +1.2%. BA +0.8%.
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  • Jun. 4, 2009, 8:00 AM
    NY AG Cuomo closes his criminal probe into auction-rate bond sales practices at six I-banks, saying the banks, which include Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS) and BoA (BAC), abided by agreements to buy back the securities from individuals.
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  • Jun. 3, 2009, 2:19 PM
    Sources say Dan Sontag, head of Merrill's legendary 16,000 "thundering herd" of brokers, is being ousted in favor of a Bank of America (BAC) insider. Other broker-unfriendly moves are also in the pipeline, making it likely at least some will soon start looking elsewhere.
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  • Jun. 2, 2009, 10:22 AM
    BoA (BAC) says it will 'comfortably' exceed the government's $33.9B capital target.
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  • Jun. 2, 2009, 10:10 AM
    Dow leaders: AA +2.5%. TRV +2.4%. MSFT +2.3%. BAC +1.7%. CSCO +1.7%.
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  • Jun. 2, 2009, 8:53 AM
    BoA (BAC) wins a California lawsuit that saves it from paying over $1B to customers who claimed the bank illegally raided Social Security benefits to collect fees.
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  • May 30, 2009, 4:42 PM
    Lead director Temple Sloan resigns from Bank of America's (BAC) board. A long-time supporter of CEO Ken Lewis, Sloan has been criticized for not doing more to prevent the Merrill Lynch acquisition.
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  • May 28, 2009, 8:42 AM
    The Fed began notifying stress-tested banks they won't be allowed to rely too heavily on expected future revenues to plug capital holes. BoA (BAC) had been counting on billions of dollars of future revenue as part of its plan to shore up its capital.
  • May 27, 2009, 10:02 AM
    Dow leaders: BAC +1.6%. HD +0.8%.
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Company Description
Bank of America Corporation is a bank holding and a financial holding company. Through its subsidiaries, it provides banking and non-banking financial services and products throughout the United States and in selected international markets.