Bank of America Corp news

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BofA $1 Billion Whistleblower Also Faced Fraud Claims
The whistle-blower helping the U.S. government mount a $1 billion fraud lawsuit against Bank of America Corp. was himself accused of fraud by an investor in a financing company he co-founded, and now works at Fannie Mae, one of two entities he claims ...
Bank of America Sued by CIFG Over Mortgage Securities
Bank of America Corp., the second-biggest U.S. bank by assets, was sued by CIFG Assurance North America Inc. for fraud and breach of contract over insurance policies tied to residential mortgage-backed securities.
Bank of America Sued Over $261 Million in Mortgage Bonds
Bank of America Corp., the second-biggest U.S. lender by assets, was sued by investors over $261.2 million worth of residential mortgage-backed securities.
Bank of America continues layoffs in South Florida
Bank of America Corp. is planning to cut 16,000 jobs by year end as it speeds up a company-wide cost-cutting initiative amid declining revenue, the Wall Street Journal reported in September.
BofA Client-Meeting Quota Said to Vex Investment Bankers
Bank of America Corp. salespeople assigned to the world's biggest stock portfolio managers were given new orders by their boss in September: attend at least 30 meetings a month with clients, or else.
Royal Park Sues Bank of America Over Mortgage Securities
Royal Park Investments SA/NV sued Bank of America Corp., the second-largest U.S. bank, in New York state court over losses on about $1.6 billion in residential mortgage-backed securities.
Bank of America Said to Raise Largest 2012 CLO for CSAM
Bank of America Corp. raised an $802 million collateralized loan obligation for Credit Suisse Asset Management, the largest deal backed by widely syndicated loans raised this year.
Bank of America to launch Mobile Pay on Demand
“With Mobile Pay on Demand, we are making it even easier for small business owners to accept secure payments anywhere. The product is fully integrated with existing Bank of America accounts and services, allowing deposits made into a Bank of America ...
BofA teams with First Data for mobile small biz service and software
BOA: Worst Company In America?
In a conference call with analysts, Chief Financial Officer Bruce Thompson said he expected the mortgage boom “to continue through the lion's share of 2013.
Bank of America's 6% Capital Securities About To Put More Money In Your Pocket
On 11/20/12, Bank of America Corp.'s 6% Capital Securities (NYSE: BAC.PRZ) will trade ex-dividend, for its quarterly dividend of $0.375, payable on 11/25/12.