Topic: Bank of America Corporation
Yesterday, the U.S. House of Representatives approved the new financial reform bill. It is also expected that the Volcker rule and some of the associated changes would reduce the profit of large firms. The rule as proposed by the White House economic ...
Details are still sketchy at the moment but it is clear that financial reform is going to pass. Nine of the largest financial institutions including Bank of America Corp., Citigroup Inc. and J.P. Morgan Chase & Co. would have to scale down ...
Paul Volcker is testifying before the Senate Banking Committee Tuesday on financial regulatory reform. Recently, the Obama introduced reform proposals inspired by Volcker and now being dubbed The Volcker Rule.. So, in advance of Volcker's testimony, below are two recent video clips ...
CHARLOTTE, North Carolina (Reuters) - Bank of America Corp will suspend its federally-backed student loan program by December 5, the company said in a letter to colleges and universities on Friday, as the U.S. gets ready to end the program entirely.A number ...
Bank of America Corp's chief executive and top federal officials will be asked by a Congressional panel to testify about claims that the bank was pressured by the government to complete its purchase of Merrill Lynch & Co, the Wall Street Journal ...
Bank of America Corp CEO Kenneth Lewis was pressured by senior federal officials Henry Paulson and Ben Bernanke to accept a merger with troubled Merrill Lynch & Co or lose his job, New York Attorney General Andrew Cuomo said on Thursday. 'During ...
While the government's employment figures will be the big pre-market story Friday, the automakers will take center stage again after trading opens as executives begin another day of testimony on Capitol Hill. After a hearing before the Senate Banking Committee Thursday, the ...
Rod Blagojevich may have ended Tuesday in disgrace, but the Illinois governor can be credited with doing at least one good thing--he was able to guilt-trip Bank of America into helping out workers at a shuttered window factory.. President-elect Barack Obama issued ...