Search Results for: Bank of America
HSBC settles a $550 Million lawsuit
September 15th, 2014
HSBC has agreed to pay $550 million for a lawsuit filed in 2011 by the Federal Housing Finance Agency, the federal regulator that oversees the government’s two mortgage finance companies, over troubled mortgage-backed securities sold in the lead-up to ...
Facebook market cap tops $200bn
September 9th, 2014
Facebook’s market capitalisation topped $200bn for the first time on Monday, beating rival Google in the time it took since going public to reach the symbolic figure. As well as outstripping the valuation of much older technology companies including ...
Brokerages raise Cipla’s target price post inhaler launch
September 2nd, 2014
The launch of Fluticasone/Salmeterol combination inhaler, a generic version of GSK’s Advair MDI (metered dose inhaler), by pharmaceutical major Cipla in Germany and Sweden is seen as a significant development by brokerages. The launch establishes Cipla as the front ...
Merrill Lynch gets fine of $1.2 million for supervision failures
August 27th, 2014
The U.S. futures regulator said on Tuesday it had fined a unit of Bank of America Corp $1.2 million for failures to supervise the processing of fees charged to its customers over a period of three years. The Commodity ...
BofA Tax Set-Aside and Wylys Penalty
August 25th, 2014
Bank of America Corp. must set aside $490 million of its Aug. 21 $16.7 billion settlement to cover taxes that borrowers face on forgiven mortgage debt — a step taken by the Justice Department to give homeowners relief that ...
BofA settlement targets distressed borrowers
August 22nd, 2014
Bank must provide about $7 billion in aid to mortgage borrowers over four years. Bank of America’s $16.65 billion settlement with the federal and state authorities, targets low-income homeowners and distressed mortgage owners who were hit by the foreclosure ...
Futures edge higher ahead of Jackson Hole meeting, data
August 21st, 2014
U.S. stock index futures edged higher on Thursday, ahead of a flurry of economic data and the start of the meeting of top central bankers and economists in Jackson Hole, Wyoming. Policymakers are due to discuss the labor markets ...
Greek Stock Recovery dims as Europe Turmoil Flattens ASE
August 19th, 2014
The curtain is coming down on Greece’s star turn with international equity investors. Among the best-performing Europe gauges in 2013 after the government carried out the world’s biggest-ever debt restructuring, Greece’s ASE Index has become one of the worst, ...
How Bond Traders Profited Off U.S. Wage of $24.45 an Hour
August 11th, 2014
Yields on 10-year Treasuries (USGG10YR) hit a three-week high, suggesting traders were bracing for evidence the long-awaited pickup in wages would materialize and provide the catalyst for the Federal Reserve to raise interest rates. While the economy rebounded last ...
BofA raises dividend to 5 cents per share
August 6th, 2014
Bank of America Corp (BAC.N) said it would increase its quarterly dividend to 5 cents per shares from 1 cent per share, its first dividend increase in seven years. The bank withdrew its previously planned increase in April after ...
