Topic: Bank of America Corporation
Banks' fourth quarter trading revenue falls 66 percent
Reuters US Online Report Business News
NEW YORK (Reuters) - Trading revenue at U.S. commercial banks fell 66 percent in the fourth quarter, the Office of the Comptroller of the Currency said on Friday, as uncertainty over pending derivatives legislation added to a seasonal slowdown in trading. Revenue fell to $1.9 billion from $5.7 ...
Palm shares plunge on weak forecast
AFP Global Edition
Palm shares plunged Friday after the struggling US mobile device maker posted more disappointing results and speculation mounted that it could be an acquisition target. Shares in the Sunnyvale, California-based company were trading 18.94 percent lower at mid-day at 4.58 dollars. Bank of America analysts painted a gloomy ...
BofA CEO says the bank 'missed the mark'
AP News
Bank of America CEO Moynihan addresses compensation, shareholders concerns, in annual letterBank 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. "Before and during the recent crisis, many of our ...
BofA looking to expand business in China: report
Reuters US Online Report Business News
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 Street Journal reported on Sunday, citing people familiar with the situation. According to the Journal, the bank is considering incorporating locally in ...
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