News: Bank of America Corp (BAC)

BAC on New York Consolidated

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17 Sep 2014
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Tue, Sep 16 2014

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Bank of America forgoes $6 billion with slimmer consumer strategy

NEW YORK - Bank of America Corp gave up about $6 billion in annual revenue by phasing out risky consumer banking products and eliminating certain fees, but the long-term impact on profits should be minimal, a top executive said on Tuesday.

Bank of America forgoes $6 billion with slimmer consumer strategy

NEW YORK, Sept 16 - Bank of America Corp gave up about $6 billion in annual revenue by phasing out risky consumer banking products and eliminating certain fees, but the long-term impact on profits should be minimal, a top executive said on Tuesday.

Bank of America to move frontier markets research head to Dubai

DUBAI - Bank of America-Merrill Lynch is moving its head of frontier markets research to Dubai, the lender told Reuters on Monday, as it looks to take advantage of growing investor interest in the Gulf and surrounding region.

Bank of America to move frontier markets research head to Dubai

DUBAI, Sept 15 - Bank of America-Merrill Lynch is moving its head of frontier markets research to Dubai, the lender told Reuters on Monday, as it looks to take advantage of growing investor interest in the Gulf and surrounding region.

UPDATE 1-Market Chatter-Corporate finance press digest

Sept 11 - The following corporate finance-related stories were reported by media:

Outgoing Justice Department official says more to come in bank probes

WASHINGTON - Tony West, the third-ranking official at the U.S. Department of Justice, has a ready response for critics who question why few individuals have been charged for conduct tied to the financial crisis: just wait.

MOVES-Bank of America, Great-West Financial, Jardine Lloyd, Fortress

(Adds Bank of America, Great-West Financial, Jardine Lloyd and)

MOVES-BofA top trading executives leave as job cuts loom-Bloomberg

Sept 10 - Bank of America Corp's two top trading executives have departed as the bank gets ready to eliminate fixed-income and equities jobs worldwide, Bloomberg reported, citing people familiar with the matter.

BRIEF-BofA to sell $2 billion in nonperforming loans

Sept 10 - Bank of America Corp chief financial officer Bruce Thompson said at an investor conference in New York on Wednesday: * Bank of America expects to sell $2 billion in nonperforming loans in Q3

MOVES-Barclays hires Bank of America's deal banker -FT

Sept 9 - Barclays PLC appointed Richard Casavechia as the head of its M&A structuring, and he will start working at Barclays by the end of the year, the Financial Times reported.

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