BofA CEO says the bank 'missed the mark'

2010-03-17T15:46:24Z

<div id="subtitle">Bank of America CEO Moynihan addresses compensation, shareholders concerns, in annual letter</div><div><p>Bank of America CEO Brian Moynihan conceded Wednesday that the company made a series of missteps during the credit crisis and recession that hurt its relationship with shareholders and customers.</p>...

BofA looking to expand business in China: report

2010-03-14T17:30:10Z

<div><p>NEW YORK (Reuters) - Bank of America Corp <BAC.N>, the largest U.S. bank, plans to seek approval to expand its operations in China, the Wall...

BofA mortgage modifications jump in March

2010-03-12T09:15:24Z

<div><p>CHARLOTTE, North Carolina (Reuters) - Bank of America Corp <BAC.N> completed 20,666 mortgage modifications in March under a U.S. government-backed program, up 61 percent from February, the bank sa...

Texas Capital Bancshares warrants bring $6.56M

2010-03-12T06:30:38Z

<div id="subtitle">Treasury receives $6.56 million from sale of Texas Capital Bancshares warrants</div><div><p>The Treasury Department has received $6.56 million from the sale of warrants it held from Texas Capital Bancshares Inc. as part of the support it provided the bank during the financ...

Bank of America Forecloses on Wrong House, Abducts Macaw

2010-03-12T00:15:26Z

<div id="subtitle">Homeowner jumps through hoops to get bird back</div><div><p>The housing crisis has gotten so bad, even solvent homeowners are feeling the effects.</p><p>Despite the economy’s recent modest strides, over 13% of homeowners are currently behind on their mortgages. And as more and more consumers default, confused banks occasionally find themselves foreclosing on the wrong house. </p><p>That’s what happened to 46-year-old

BofA retirement business winning clients: CEO

2010-03-11T12:00:22Z

<div><p>CHARLOTTE, North Carolina (Reuters) - Bank of America Corp's <BAC.N> push into the competitive realm of managing retirement assets is paying early dividends.</p><p>The bank's retirement business is winning more 401(k) plan business from its l...

BofA under regulatory pressure to shrink: report

2010-03-10T15:15:14Z

<div><p>CHARLOTTE, North Carolina (Reuters) - Regulators have told Bank of America Corp <BAC.N> Chief Executive Brian Moynihan and other executives that the largest

US indexes opened up, but not by a lot. The DJIA is +21points, with Bank of America (BAC) leading the way after a good PR move.

Attemp...

BofA overdraft fee change will bring lower revenue

2010-03-10T12:32:36Z

<div><p>CHARLOTTE, North Carolina (Reuters) - Bank of America Corp <BAC.N> Chief Executive Brian Moynihan said on Wednesday the company's decision to eliminate overdraft fees on debit card transactions ...

Bank of America to stop debit card overdrafts

2010-03-10T08:46:57Z

<div id="subtitle">Bank of America to stop allowing overdrafts with debit cards ahead of new rules on fees</div><div><p>Bank of America customers will soon be unable to spend more than they have in the accounts linked to their debit cards. It's a step that may become a common move ahead of new regulations limiting overdraft fees.</p><p>Rules set by the Bank of America sued for mistakingly repossessing Pittsburgh-area woman's home _ and parrot</div><div><p>Bank of America has apologized to a Pittsburgh-area woman after one of its contractors allegedly trashed her house and took her parrot while wrongly repossessing her home.</p><p>Forty-six-year-old

Pa. suit: Bank wrongly repossessed home, took bird

2010-03-09T06:00:08Z

<div id="subtitle">Pa. woman sues bank, says its contractor took parrot from home during wrongful repossession</div><div><p>A Pittsburgh-area woman is suing Bank of America, claiming it wrongfully repossessed her home and saying that a bank contractor trashed the house and took her parrot.</p><p>Forty-six-year-old Angela Ian...

Glincher Realty alters credit facility terms

2010-03-08T15:45:30Z

<div id="subtitle">Glincher Realty alters terms of credit facility with lenders led by KeyBank, Bank of America</div><div><p>Real estate investment trust Glimcher Realty Trust said Monday it has extended and changed its agreement for its $470 million unsecured credit fa...

Bumpy ride for corporate giving amid recession

2010-03-05T12:00:08Z

<div><p>NEW YORK (Reuters) - Giving by U.S. companies endured the worst recession in decades with mixed results as some pared back philanthropy in the face of tough times, others increased budgets and most predicted a steady 2010.</p><p>The economic downturn sparked some changes in giving priorities as well, with several companies placing more import...

Colonial Properties to sell up to $50M of stock

2010-03-04T16:45:44Z

<div id="subtitle">Colonial Properties Trust to sell up to $50M of common shares</div><div><p>Colonial Properties Trust said Thursday that it filed paperwork that will allow it to sell up to $50 million worth of its common shares through an "at-the-market" offering, in which a broker executes a sale at the best price currently available.</p><p>The real estate investment trust sai...

Bank of America warrants sale raises $1.54 billion

2010-03-04T12:45:28Z

<div id="subtitle">Treasury receives record $1.54 billion in auction for Bank of America warrants</div><div><p>The Treasury Department has received a record $1.54 billion from the sale of warrants it received from Bank of America as part of the support it provided during the financial crisis.<...

Bailout Warrants

2010-03-04T09:01:30Z

FILE - In this July 17, 2009 file photo, a customer uses a Bank of America ATM in Charlotte, N.C. The Treasury Department has received a record $1.54 billion from the sale of warrants it received from Bank of America Thursday, March 4, 2010, as part of the support it provided during the financial crisis. (AP Photo/Chuck Burton, ...

US government nets 1.54 billion dollars in BofA warrant sale

2010-03-04T08:16:16Z

<div><p>The US government said Thursday it had recouped 1.54 billion dollars from an auction of warrants for Bank of America stock, after bailing out the banking giant during the financial crisis.</p><p>It is believed to be the biggest auction of such securities following government moves to recover hundreds of billions of dollars...

BofA to merge credit card, deposit units

2010-03-02T12:15:45Z

<div><p>CHARLOTTE, North Carolina (Reuters) - A former MBNA Corp executive who runs Bank of America Corp's <BAC.N> global card services unit is leaving the company as part of a management shake-up w...

Treasury sets Bank of America warrant sale date

2010-03-01T13:45:19Z

<div id="subtitle">Treasury announces auction of 272 million Bank of America stock warrants on Wednesday</div><div><p>The Treasury Department said Monday it will auction 272 million warrants for Bank of America stock to recoup taxpayer money from the controversial financial bailout fund.</p&g...

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