Bank of America Corp (BAC.N)
22 May 2015
(The following statement was released by the rating agency) LONDON, May 19 (Fitch) Fitch Ratings has upgraded Bank of America's (BAC) Viability Rating (VR) to 'a' from 'a-'. At the same time, the agency has affirmed BAC's Long-Term and Short-Term Issuer-Default Ratings (IDRs) at 'A' and 'F1', respectively. The Rating Outlooks for the Long-Term IDRs are Stable. BAC's's Long-Term IDR is now driven by its VR, which has been upgraded to 'a' from 'a-'. The upgrade of BAC's's material legal operat
NEW YORK, May 19 - Bank of America's Merrill Lynch said Tuesday it hired an elite team of three brokers away from rival brokerage Morgan Stanley, where they had produced nearly $4 million in fees and revenues last year.
NEW YORK, May 18 - U.S. Bancorp and Bank of America Corp won a dismissal of claims in lawsuits accusing them of breaching their duties as trustees for residential mortgage-backed securities that suffered losses tied to the global financial crisis.
May 18 - A former Bank of America Corp executive was sentenced to 2 years and two months in prison on Monday after pleading guilty to participating in a scheme to defraud cities and towns by rigging bids to invest municipal bond proceeds.
May 11 - Barclays Plc has hired Mark Garcia, a semiconductor specialist from Bank of America, in a move to help build out its team in one of the most active sectors of technology banking.
NEW YORK, May 7 - Four Bank of America Corp directors on the board's governance committee received unusually small majorities of votes for re-election at this week's annual meeting, according to tallies the company released on Thursday.
WASHINGTON, May 6 - Bank of America announced Wednesday it will reduce its financial exposure to coal companies, acknowledging the risk that future regulation and competition from natural gas pose on the industry.
- Pacific Rubiales Energy Corp said Mexican conglomerate Alfa Sab de CV and Harbour Energy Ltd have offered C$6.50 per share, valuing the oil and gas company at about C$2.05 billon ($2.08 billion).
NEW YORK, May 6 - Shareholders voted to back Bank of America Corp's executive compensation, board nominations and opposition to shareholder proposals at the annual meeting on Wednesday, despite earlier complaints about bylaws being changed.
NEW YORK, May 6 - Investors in Bank of America Corp backed the company's executive compensation, board nominations and opposition to shareholder proposals in votes at their annual meeting on Wednesday.