31.08 +0.08 (0.26%)
After hours: 7:59PM EDT
|Bid||31.07 x 1100|
|Ask||0.00 x 1000|
|Day's Range||30.13 - 31.20|
|52 Week Range||24.58 - 33.05|
|PE Ratio (TTM)||16.28|
|Earnings Date||Oct 15, 2018|
|Forward Dividend & Yield||0.60 (1.98%)|
|1y Target Est||34.57|
Bank of America Corp corporate and investment banking head Christian Meissner is leaving the bank, The Wall Street Journal reported on Wednesday, citing an internal memo. Meissner will be replaced by Matthew ...
Bank of America Corp. corporate and investment banking head Christian Meissner is leaving the bank, according to an internal memo reviewed by The Wall Street Journal. Mr. Meissner was largely responsible for reshaping the unit following Bank of America’s financial-crisis merger with Merrill Lynch & Co. Mr. Meissner is expected to be replaced by Matthew Koder, who is currently the bank’s Asia-Pacific president, and stay until the end of the year, the memo said.
Bank of America Corp. will pay $30 million as part of a settlement with the Commodity Futures Trading Commission related to charges that the bank tried to manipulate a benchmark for interest-rate products over a span of six years. The CFTC said Wednesday that Bank of America tried to manipulate the U.S. Dollar International Swaps and Derivatives Association Fix, or ISDAfix, to help its own derivatives positions. Bank of America traders, according to the futures regulator, attempted to manipulate rates to benefit specific trading positions and influence reference rates and spreads ahead of the time the final rates were published.
Bank of America Corp. was ordered to pay $30 million in civil penalties on Wednesday for allegations of interest-rate manipulation, according to a press release from the Commodity Futures Trading Commission.
One of the latest fintechs in Silicon Valley is based on a simple idea that appears to have been overlooked by the nation's largest credit card issuers: Focus on the caliber of a startup's VC and angel investors in issuing a corporate credit card.
One of Orlando’s biggest real estate questions — who will backfill 125,000 square feet of space in what is arguably downtown’s most iconic office building — continues to generate speculation inside real estate circles throughout Central Florida. But real estate sources say one company has emerged as a likely contender: Charlotte, N.C.-based Bank of America (NYSE: BAC). It would be a major move for the bank, located inside its eponymous Bank of America Center at 390 N. Orange Ave., to enter the 30-story SunTrust Center, the region's largest multitenant office building. No new tenants have been announced to backfill the space in the SunTrust Center, as Atlanta-based SunTrust Banks Inc. (NYSE: STI) is moving its Orlando headquarters in August 2019 into the $125 million, 28-story SunTrust Plaza at Church Street Station being built by Lincoln Property Co. Bank of America could not immediately be reached for comment for this story, and Jay Dixon, who handles leasing at Bank of America Center and works for CBRE Group Inc. (NYSE: CBRE), declined to comment.
The nation’s largest banks — such as JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, Goldman Sachs, and Morgan Stanley — have operations around the country. Here are other recent stories reported by The Business Journals and other media outlets.
U.S. regulators ordered Bank of America on Wednesday to pay a $30 million civil penalty for what it called attempted manipulation of the swaps and derivatives benchmark. The Commodity Futures Trading Commission said in a statement that Bank of America from January 2007 through December 2012 made false reports and attempted to manipulate the U.S. Dollar International Swaps and Derivatives Association Fix, a leading global benchmark. Bank of America spokesman Bill Halldin said the bank has "significantly enhanced" the procedures it uses to detect inappropriate behavior.
The dow posting triple-digit gains, closing less than 1% from its all-time closing highs. Financials led the broader gains in the markets as banks surged on higher interest rates.