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Banking

A collection of news and information related to Banking published by this site and its partners.

Top Banking Articles see all

Displaying items 1-5
  • BofA Wealth boasts record first-quarter revenue but profit slows

    NEW YORK (Reuters) - Bank of America's wealth management businesses slowed in the first quarter, with profit at its Merrill Lynch brokerage and U.S. Trust private banking units slipping 6.5 percent to $729 million from $777 million in the last quarter of 2013.
  • Bank of America's mortgage crisis costs become a recurring problem

    (Reuters) - Bank of America Corp's mortgage pain is lasting longer than expected, leading some investors to wonder if the massive expenses being incurred have become a recurring cost of doing business instead of being dismissed as one-time items. The...

    Feds charge Rothstein's former CFO Irene Stay

    Feds charge Rothstein's former CFO Irene Stay
    Federal prosecutors filed a criminal charge Wednesday against Scott Rothstein's former bookkeeper who became the chief financial officer of his law firm, court records show. Irene Stay, now Irene Shannon, 50, of Miami, was charged with a lone count of...

    Exclusive: Bank of America in talks with U.S. on probe of Merrill - sources

    WASHINGTON (Reuters) - Bank of America Corp has held talks with the U.S. Justice Department to resolve a civil fraud probe into Merrill Lynch's sale of flawed mortgage securities ahead of the financial crisis, people familiar with the negotiations told...

    BofA reports first quarterly loss since 2011 on lofty legal bill

    (Reuters) - Bank of America Corp reported an unexpected first-quarter loss on Wednesday after it took a $6 billion charge to cover litigation expenses, a figure that far exceeded the legal settlements the No. 2 U.S. bank has announced recently. Revenue...