Bank of America Corp (BAC.N)
29 Jul 2014
|Market Cap (Mil.):||$163,060.00|
|Shares Outstanding (Mil.):||10,520.00|
NEW YORK, July 29 - Bank of America Corp said on Tuesday it does not expect to have to set aside more than another $5 billion to cover legal expenses, an estimate unchanged from earlier in the year despite a $4 billion addition to its legal reserves in the second quarter.
July 28 - Bank of America Corp's Scott Van Bergh, head of Americas energy investment banking, was promoted to vice chairman of global energy investment banking, and Oscar Brown will assume the head role, according to a memo obtained by Reuters.
July 28 - The following financial services industry appointments were announced on Monday. To inform us of other job changes, email firstname.lastname@example.org.
NEW YORK, July 25 - A former Bank of America Corp derivatives trader who pleaded guilty to conspiring to falsify documents was spared prison on Friday after spending years helping the government probe bid-rigging in the $3.7 trillion municipal bond market.
WASHINGTON, July 24 - Bank of America Corp's banking unit agreed to pay $16.6 million to resolve allegations that it processed several hundred transactions for drug traffickers who are subject to U.S. sanctions, the U.S. Treasury Department said on Thursday.
WASHINGTON, July 24 - Bank of America Corp's banking unit agreed to pay $16.6 million to resolve allegations that it processed transactions for drug traffickers who are subject to U.S. sanctions, the U.S. Treasury Department said on Thursday.
PARIS, July 21 - David Azema, a top French civil servant and manager of the French government's holdings in strategic companies, is to join Bank of America Merrill Lynch's investment banking team in London, according to a statement issued by PR consultants Burson-Marsteller on behalf of the U.S. bank.
(Adds Triaxx and Bank of New York Mellon declined to comment, case background)
* Revenue from fixed income, currencies and commodities rises 5 pct
July 16 - Bank of America Corp Chief Financial Officer Bruce Thompson said on a conference call with analysts discussing Q2 earnings: * Cost savings associated with New BAC program to be achieved ahead of schedule * Expect to reach $2 billion of New BAC expense savings by Q4 2014 instead of mid-2015 * Cost savings in legacy mortgage division to be delayed because of compliance issues * Expect $1.1 billion of legacy mortgage cost savings by Q1 2015, not Q4 2014 * Would not expect f