Bank of America Corp. (BAC) suffered a nationwide outage on mobile and online platforms Friday afternoon, the result of what a person familiar with the matter said was an “internal technical issue.” Customers began complaining of service problems early Friday afternoon, and Bank of America’s website told users it was “temporarily unavailable” after attempts to log in.
Source: FULL ARTICLE at Fox Business Headlines
Tag Archives: BAC
Bank of America's Scully to Leave Board of Directors
Bank of America Corp. (BAC) director Robert W.
Source: FULL ARTICLE at Fox Business Headlines
BofA Shifts Derivatives to UK
Bank of America Corp. (BAC) has begun moving more than $50 billion of derivatives out of its Dublin-based operations and into its U.K. subsidiary, the Financial Times said on its website Sunday, citing unnamed people close to the operation.
Source: FULL ARTICLE at Fox Business Headlines
BofA Shifts Derivatives to UK – FT
Bank of America Corp. (BAC) has begun moving more than $50 billion of derivatives out of its Dublin-based operations and into its U.K. subsidiary, the Financial Times said on its website Sunday, citing unnamed people close to the operation.
Source: FULL ARTICLE at Fox Business Headlines
Daily Dividends Report: BAC, AAPL, ALTR, APH, APU
By MarketNewsVideo Bank of America Corporation (BAC) maintained its quarterly dividend of 1 cent per share. The dividend is payable on March 22, 2013 to shareholders of record as of March 1, 2013.
Source: FULL ARTICLE at Forbes Markets
Bank of America Names Two New Board Members
Bank of America Corp. (BAC) named a former treasurer of PepsiCo Inc. (PEP) and a former chairman and chief executive of a sweetener company as new members of its board of directors.
Source: FULL ARTICLE at Fox Business Headlines
Official: First US-built BAC Mono headed to Cars & Coffee
By Zach Bowman
Filed under: Convertible, Performance, Specialty
Sector111 has announced it will unveil the first US-built BAC Mono at the upcoming Cars and Coffee in Irvine, California. The car was built from a knock-down kit, and Sectior111 says the company’s allocation of 2012 Mono units has completely sold out. It’s currently taking orders for 2013 models. As you may recall, the single-seat, street-legal racer tips the scales at a mere 1,190 pounds, and gets around your favorite track thanks to thrust from a 280-horsepower 2.3-liter four-cylinder engine worked up by the minds at Cosworth. If that sounds like a party to you, best head to Irvine tomorrow for a look.
A little over a year ago, BAC announced it was partnering with Sector111 to bring its heathen machine to our shores, albeit in very low numbers. The company shipped just 12 knockdown kits to the states. Check out the brief press release below, and be sure to tell us if you get to see the machine in the flesh.
Continue reading First US-built BAC Mono headed to Cars & Coffee
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Source: FULL ARTICLE at Autoblog
Bank of America Net Plunges 63% on Charges; Shares Sell Off
Bank of America Corp.’s (BAC) fourth-quarter profit plunged 63% as the banking giant was weighed down by billions in charges related to a dispute with Fannie Mae (FNMA) and a foreclosure settlement.
Source: FULL ARTICLE at Fox Business Headlines
Bank of America Net Plunges 63% on Charges
Bank of America Corp.’s (BAC) fourth-quarter profit plunged 63% as the banking giant was weighed down by billions in charges related to a dispute with Fannie Mae (FNMA) and a foreclosure settlement, while revenue also tumbled.
Source: FULL ARTICLE at Fox Business Headlines
Global Payments to Buy Back $125 Million in Stock From Bank of America
Global Payments Inc. (GPN) will buy back $125 million of its stock from Bank of America Corp. (BAC) under an accelerated share repurchase agreement.
Source: FULL ARTICLE at Fox Business Headlines
Bank of America 4th-Quarter Net Plunges 63% on Charges, Lower Revenue
Bank of America Corp.’s (BAC) fourth-quarter profit plunged 63% as the banking giant was weighed down by billions in charges related to a dispute with Fannie Mae (FNMA) and a foreclosure settlement, while revenue also tumbled.
Source: FULL ARTICLE at Fox Business Headlines
BofA Names Borthwick Head of Commercial Banking -Reuters
Bank of America Corp. (BAC) has named Alastair Borthwick, formerly co-head of its capital markets, to head commercial banking, Reuters reported Tuesday, citing an internal memo.
Source: FULL ARTICLE at Fox Business Headlines
In Court, Bank of America Seeks to Avoid 'Toxic' Countrywide Liabilities
Bank of America Corp. (BAC) has been fighting in a New York court this week to avoid as much as $3 billion in liability for defaulted Countrywide mortgage securities, but the bank’s courtroom adversary, bond insurer MBIA Inc. (MBI), is wielding the bank executives’ own words in its courtroom attack.
Source: FULL ARTICLE at Fox Business Headlines
Analyst Moves: BAC, CVLT
By MarketNewsVideo Bank of America (BAC) was downgraded by Credit Suisse (CS) to outperform from neutral as the stock price has approached the previously set $12 price target.
Source: FULL ARTICLE at Forbes Markets
BofA Leads High-Grade Bond Sales With $6 Billion Deal
A mammoth $6 billion bond deal from Bank of America Corp. (BAC) helped borrowers blow past this week’s forecasts for high-grade bond sales.
Source: FULL ARTICLE at Fox Business Headlines
Bank of America Leads High-Grade Bond Sales With $6 Billion Deal
A mammoth $6 billion bond deal from Bank of America Corp. (BAC) helped borrowers blow past this week’s forecasts for high-grade bond sales.
Source: FULL ARTICLE at Fox Business Headlines
STREET MOVES: Morgan Stanley Hires Advisers From UBS, Merrill
Morgan Stanley (MS) has hired financial advisers who manage a combined $650 million in client assets from the rival brokerage arms of Bank of America Corp. (BAC) and UBS AG (UBS, UBSN.VX).
Source: FULL ARTICLE at Fox Business Headlines
Bank of America, Fannie Mae in $10.3 Billion Deal to Settle Mortgage Claims
Bank of America Corp. (BAC) announced a deal Monday to resolve its biggest hangover stemming from the acquisition of Countrywide Financial Corp. and the era of easy mortgage credit, paying $10.3 billion to Fannie Mae (FNMA) in cash and mortgage repurchases covering nearly a decade’s worth of home loans.
Source: FULL ARTICLE at Fox Business Headlines
Bank of America, Fannie Mae In $10.4 Billion Deal To Settle Mortgage Claims
Bank of America Corp. (BAC) announced a deal Monday to resolve its biggest hangover stemming from the acquisition of Countrywide Financial Corp. and the era of easy mortgage credit, paying $10.4 billion to Fannie Mae (FNMA) in cash and mortgage repurchases covering nearly a decade’s worth of home loans.
Source: FULL ARTICLE at Fox Business Headlines
BofA to Pay Fannie $10.35 Billion Over Mortgage Repo Claims
Bank of America Corp. (BAC) agreed to pay mortgage finance firm Fannie Mae (FNMA) about $10.35 billion to settle agency mortgage repurchase claims on loans it originated and sold to Fannie Mae through the end of 2008.
Source: FULL ARTICLE at Fox Business Headlines