(Reuters) - Bank of America Corp reported an unexpected first-quarter loss on Wednesday after it took a $6 billion charge to cover litigation expenses, a figure that far exceeded the legal settlements the No.
Calls have been the options of choice on Bank of America Corp (NYSE:BAC) in recent weeks, per data from the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX).
RBC boosted the staff of a U.S. corporate-bond sales and trading unit by 20 percent in less than a year, with hires including Neil Yaris, a former head of junk-bond trading and sales at Bank of America, as co-head of high-yield debt trading in September.
Now she'll manage the Northeast operations of U.S. Trust and join the parent company's operating committee, according to a memo to employees yesterday from Christian Meissner, 45, who oversees global corporate and investment banking. The move takes ...
Bank Of America is named as a defendant in a lawsuit filed by the city of Providence, RI. The suit claims the defendants rigged securities markets over the past five years, naming dozens of large players in the industry.
I'm sure it's been done before but I've never heard of a company taking the reins on its share price and boosting shareholder value without spending any money; a simple press release created ~$21 billion in wealth.