Most Active Articles 2009-11-24T02:27:57.400-05:00 Business Exchange Business_Exchange@businessweek.com urn:com:businessweek:bx:topic:most-active:bank-of-america Hal Berry hberry178 urn:com:businessweek:bx:article:9060310926695581203-9c9f9b553f7b93f37369a2625ebbcfe9 2009-11-17T11:12:05.023-05:00

Equities: global in, domestic out We surveyed 111 institutional investors with assets under management of over $1tn to gain a better understanding of their views on asset allocation decisions to be made in the next 12 months. We found a tremendous strategic desire to move away from US equities, particularly large cap, and toward a more global mandate. Emerging market equities are the most desirable asset class over the next 12 months with 42% looking to add/increase investment. On a percentage basis, nearly as many investors (39%) seek to decrease investment in US large cap equities. This could result in $300-500bn flowing out of US large cap equities over the next 3-5 years from institutional investors.

Equities: global in, domestic out We surveyed 111 institutional investors with assets under management of over $1tn to gain a better understanding of their views on asset allocation decisions to be made in the next 12 months. We found a tremendous strategic desire to move away from US equities, particularly large cap, and toward a more global mandate. Emerging market equities are the most desirable asset class over the next 12 months with 42% looking to add/increase investment. On a percentage basis, nearly as many investors (39%) seek to decrease investment in US large cap equities. This could result in $300-500bn flowing out of US large cap equities over the next 3-5 years from institutional investors. http://rcr.ml.com/Archive/10887344.pdf?q=eoizSApJEaV0T0I9qdh%2f5g%3d%3d&__gda__=1258474151_fb6525b11b573e10f1a9e79b59ba4b93 Lauren Young lyoung404 3 2 0 1 urn:com:businessweek:bx:article:8572198204852510276-3d0357a23b131a339a1addb3d6663357 2009-11-12T16:14:57.164-05:00

The rumor mongering on Wall Street about the possibility of outgoing New Jersey Gov. Jon Corzine replacing Ken Lewis as CEO of Bank of America Corp. (NYSE:BAC) has reached a point where the former Goldman, Sachs & Co. (NYSE:GS) executive has...

The rumor mongering on Wall Street about the possibility of outgoing New Jersey Gov. Jon Corzine replacing Ken Lewis as CEO of Bank of America Corp. (NYSE:BAC) has reached a point where the former Goldman, Sachs & Co. (NYSE:GS) executive has... http://www.thedeal.com/dealscape/2009/11/corzine_addresses_bofa_rumors.php Brennen Wysong bwysong598 15 15 0 0 urn:com:businessweek:bx:article:14568567273539762105-1b50d3c26776cb9c161a9ce5787af103 2009-11-05T15:34:24.555-05:00

More bad news for those in the finance industry. The latest reports and rumors of layoffs are at Bank of America Corp. (NYSE:BAC), Halifax, Citigroup Inc. (NYSE:C) and Bryn Mawr Bank Corp. Bank of America is closing its office in Lynchburg, Va.

More bad news for those in the finance industry. The latest reports and rumors of layoffs are at Bank of America Corp. (NYSE:BAC), Halifax, Citigroup Inc. (NYSE:C) and Bryn Mawr Bank Corp. Bank of America is closing its office in Lynchburg, Va. http://www.thedeal.com/dealscape/2009/11/finance_layoffs_citigroup_bank_of_america_and_more.php Brennen Wysong bwysong598 27 27 0 0 urn:com:businessweek:bx:article:15546741693413564973-2ea771b450bfceb55d1042a6742a078b 2009-11-09T15:28:55.837-05:00

Did the Federal Reserve force a coup at Bank of America Corp. (NYSE:BAC)? If you read between the lines of a thinly sourced Wall Street Journal feature, "With Feds, BofA's Lewis met his match," about BofA CEO Ken Lewis' decision to step down next...

Did the Federal Reserve force a coup at Bank of America Corp. (NYSE:BAC)? If you read between the lines of a thinly sourced Wall Street Journal feature, "With Feds, BofA's Lewis met his match," about BofA CEO Ken Lewis' decision to step down next... http://www.thedeal.com/dealscape/2009/11/fed_coup_at_bofa.php Brennen Wysong bwysong598 15 15 0 0 urn:com:businessweek:bx:article:13612745631293219800-4e3135987d96ae033c4037c3ec629c40 2009-01-21T09:19:33.860-05:00

The biggest names in U.S. banking, like Citigroup (C, news, msgs), and Bank of America (BAC, news, msgs), could be nationalized, The Wall Street Journal reported today.

The biggest names in U.S. banking, like Citigroup (C, news, msgs), and Bank of America (BAC, news, msgs), could be nationalized, The Wall Street Journal reported today. http://articles.moneycentral.msn.com/Investing/Dispatch/market-dispatches-012109.aspx?icid=dispatch_090121 Louis Navellier lnavellier529 557 554 2 1 urn:com:businessweek:bx:article:3992119359366335572-196bc045fbb4fab6c6a42e6d468d52f8 2009-01-26T19:30:00.000-05:00

...overdraft fee from Bank of America (NYSE:BAC) (or one of the banks it acquired) between 2000 and 2007, you may be in for a little cash. Bank of...

...overdraft fee from Bank of America (NYSE:BAC) (or one of the banks it acquired) between 2000 and 2007, you may be in for a little cash. Bank of... http://www.freerepublic.com/focus/f-news/2172309/posts 434 432 1 1 urn:com:businessweek:bx:article:17104833367906731415-aded986264d7f2f49129528f97899622 2009-11-05T15:39:13.116-05:00

New Jersey Gov. Jon Corzine has not even vacated his office in Trenton yet, and the chatter about his next gig is reaching new levels on the blogosphere. Dealscape suggested on Wednesday he's likely to return to Wall Street but stopped short of...

New Jersey Gov. Jon Corzine has not even vacated his office in Trenton yet, and the chatter about his next gig is reaching new levels on the blogosphere. Dealscape suggested on Wednesday he's likely to return to Wall Street but stopped short of... http://www.thedeal.com/dealscape/2009/11/mr_corzine_goes_to_charlotte.php Brennen Wysong bwysong598 11 11 0 0 urn:com:businessweek:bx:article:1233326722386420178-945d0ef6bfe8686c232aa73008d4f368 2009-11-04T14:40:33.203-05:00

Bank of America Corp. (NYSE:BAC) and GMAC LLC are two wounded financial giants with mounds of debt, whose futures look cloudy at best. One scenario that the TheStreet.com sees is an unlikely merger between the two financial companies.

Bank of America Corp. (NYSE:BAC) and GMAC LLC are two wounded financial giants with mounds of debt, whose futures look cloudy at best. One scenario that the TheStreet.com sees is an unlikely merger between the two financial companies. http://www.thedeal.com/dealscape/2009/11/bofa_gmac_union_an_unlikely_pa.php Brennen Wysong bwysong598 8 8 0 0 urn:com:businessweek:bx:article:2024592469524117790-4561d71e5225c0b80066a40b9e1d87e3 2009-11-04T14:39:38.693-05:00

The New York Post reports Bank of America Corp.'s (NYSE:BAC) Brian Moynihan, who is a top candidate to replace Ken Lewis as CEO, may have not been a member of the bar when he offered legal advice for a little over a week during the bank's merger...

The New York Post reports Bank of America Corp.'s (NYSE:BAC) Brian Moynihan, who is a top candidate to replace Ken Lewis as CEO, may have not been a member of the bar when he offered legal advice for a little over a week during the bank's merger... http://www.thedeal.com/dealscape/2009/11/bofas_moynihan_in_hot_water.php Brennen Wysong bwysong598 8 8 0 0 urn:com:businessweek:bx:article:5616689147487997239-dfdabe1b5f93ade706a3bbdb0a06cbea 2009-11-03T15:38:00.437-05:00

It looks like Bank of America Corp. (NYSE:BAC) may have to think about moving its headquarters to New York from Charlotte, N.C., as it pins down candidates for a new chief executive. As The Deal pointed out in August, the bank will probably have to...

It looks like Bank of America Corp. (NYSE:BAC) may have to think about moving its headquarters to New York from Charlotte, N.C., as it pins down candidates for a new chief executive. As The Deal pointed out in August, the bank will probably have to... http://www.thedeal.com/dealscape/2009/11/is_bofa_ready_for_the_big_appl.php Brennen Wysong bwysong598 7 7 0 0 urn:com:businessweek:bx:article:15840547918182361831-3be14ce656a0a03b114f79c7bf08925c 2009-01-17T13:54:13.280-05:00

I've never trusted Bank of America (BAC) under Ken Lewis, which is rated "D - Sell" in PortfolioGrader Pro. The reason for my distrust is that the bank has always tried to massage its earnings numbers each quarter. I can't stand when companies try to do that.

I've never trusted Bank of America (BAC) under Ken Lewis, which is rated "D - Sell" in PortfolioGrader Pro. The reason for my distrust is that the bank has always tried to massage its earnings numbers each quarter. I can't stand when companies try to do that. http://blog.navelliergrowth.com/2009/01/my_take_on_bank_of_america.html Louis Navellier lnavellier529 252 250 2 0 urn:com:businessweek:bx:article:13908366928465918149-69c9671393f374fc2c3035467cea9639 2009-11-02T15:30:40.189-05:00

Troubled megabank Bank of America Corp. (NYSE:BAC) may have the desire to hire from outside to replace outgoing CEO Ken Lewis, but evidently no one wants the job. The latest to refuse the gig is Bank of New York Mellon Corp. (NYSE:BNY) CEO Robert...

Troubled megabank Bank of America Corp. (NYSE:BAC) may have the desire to hire from outside to replace outgoing CEO Ken Lewis, but evidently no one wants the job. The latest to refuse the gig is Bank of New York Mellon Corp. (NYSE:BNY) CEO Robert... http://www.thedeal.com/dealscape/2009/11/bofa_still_has_trouble_finding.php Brennen Wysong bwysong598 6 6 0 0 urn:com:businessweek:bx:article:5818848104904061-17f38ef57b494c73be780cd2eff72875 2009-10-07T11:24:38.873-04:00

Bank of America is offering the following CD rates which are a higher than the national average CD rate for similar certificate of deposit products. Current promotion CD rates include a 12 month certificate of deposit that has a current rate of 1.

Bank of America is offering the following CD rates which are a higher than the national average CD rate for similar certificate of deposit products. Current promotion CD rates include a 12 month certificate of deposit that has a current rate of 1. http://www.bankcdrate.info/home/bank-of-america-cd-rates Stacy Everest severest299 35 35 0 0 urn:com:businessweek:bx:article:11219499208359081873-c73696769cb419a51c261d32123f99fc 2009-10-28T15:09:07.468-04:00

Apparently Bank of America Corp.'s (NYSE:BAC) search for a new CEO is at a standstill, according to a Wall Street Journal report. The board was hoping to pick a successor for Ken Lewis by Wednesday, but the committee choosing the new CEO needs more...

Apparently Bank of America Corp.'s (NYSE:BAC) search for a new CEO is at a standstill, according to a Wall Street Journal report. The board was hoping to pick a successor for Ken Lewis by Wednesday, but the committee choosing the new CEO needs more... http://www.thedeal.com/dealscape/2009/10/bank_of_americas_ceo_search_hi.php#at Brennen Wysong bwysong598 6 6 0 0 urn:com:businessweek:bx:article:13687923673361140560-2139ef780732491c39a7da5a114d222b 2009-02-20T12:40:40.147-05:00

Feb. 20 (Bloomberg) -- Citigroup Inc. and Bank of America Corp. fell to the lowest levels in more than 18 years on concern that the U.S. may take over lenders that received $90 billion in government aid in four months.

Feb. 20 (Bloomberg) -- Citigroup Inc. and Bank of America Corp. fell to the lowest levels in more than 18 years on concern that the U.S. may take over lenders that received $90 billion in government aid in four months. http://www.bloomberg.com/apps/news?pid=20601087&sid=a4gHEFpqNWcI&refer=home Steve Bobrov sbobrov064 146 146 0 0 urn:com:businessweek:bx:article:7377191477706850717-8f25c8e8e01be830f8b264f99b812f1f 2009-04-20T09:54:05.441-04:00

Bank of America Corp., the largest U.S. bank by assets, reported first-quarter profit more than tripled on gains from home refinancing and trading.

Bank of America Corp., the largest U.S. bank by assets, reported first-quarter profit more than tripled on gains from home refinancing and trading. http://www.bloomberg.com/apps/news?pid=20601087&sid=aalUvVGeoTWM&refer=home Shirley Brady sbrady224 81 81 0 0 urn:com:businessweek:bx:article:5356684769575150869-bc22c022017344f61dec5f55b82c7482 2009-03-19T23:57:46.351-04:00

DEADLINE HOLLYWOOD DAILY reports that Bank of America is helping people see DreamWorks Animation's MONSTERS VS. ALIENS (in theaters March 27) in 3-D

DEADLINE HOLLYWOOD DAILY reports that Bank of America is helping people see DreamWorks Animation's MONSTERS VS. ALIENS (in theaters March 27) in 3-D http://awn.com/tracking/rss/track.php?aid=awnNews&uri=http%3A%2F%2Fnews.awn.com%2Findex.php%3Fltype%3Dcat%26category1%3DFilms%26newsitem_no%3D26859 93 93 0 0 urn:com:businessweek:bx:article:15451862748158280044-4cfa6c82ecf61678ee238eb4bc89a735 2009-02-20T03:45:00.000-05:00

NEW YORK, Feb. 19 -- Bank of America chief executive Kenneth D. Lewis has been subpoenaed by New York Attorney General Andrew M. Cuomo in an ongoing investigation into whether the bank made proper disclosures to

NEW YORK, Feb. 19 -- Bank of America chief executive Kenneth D. Lewis has been subpoenaed by New York Attorney General Andrew M. Cuomo in an ongoing investigation into whether the bank made proper disclosures to http://c.moreover.com/click/here.pl?r1830419286&f=9791 106 105 1 0 urn:com:businessweek:bx:article:12511127226996615771-3abf2958c2df53685ad0777c4a8d373d 2009-05-20T13:12:25.053-04:00

©2009 Stansberry & Associates Investment Research. All Rights Reserved. Protected by copyright laws of the United States and international treaties. This website may only be used pursuant to the subscription agreement and any reproduction, copying,...

©2009 Stansberry & Associates Investment Research. All Rights Reserved. Protected by copyright laws of the United States and international treaties. This website may only be used pursuant to the subscription agreement and any reproduction, copying,... http://www.thedailycrux.com/content/1839/Banks The Daily Crux Financial Digest tcrux532 58 57 0 1 urn:com:businessweek:bx:article:1618064017027263012-252b761a0ac5a9a832fbd3ca5852781c 2009-10-16T14:39:05.421-04:00

Bank of America Corp. (NYSE:BAC) reported a third-quarter 2009 net loss of $1.0 billion, or 26 cents per diluted share. With dividend payments included, the total loss was $2.24 billion. The loss exceeded analysts' estimates of 6 cents a share.

Bank of America Corp. (NYSE:BAC) reported a third-quarter 2009 net loss of $1.0 billion, or 26 cents per diluted share. With dividend payments included, the total loss was $2.24 billion. The loss exceeded analysts' estimates of 6 cents a share. http://www.thedeal.com/dealscape/2009/10/bank_of_america_third_quarter.php Brennen Wysong bwysong598 6 6 0 0 urn:com:businessweek:bx:article:2299382127622620568-e3323e82d4525333854174bbe45ba6e8 2009-01-15T12:56:36.823-05:00

In a sign of deepening fragility among the nation’s largest banks, the government is preparing to throw a new multibillion-dollar lifeline to Bank of America, several people briefed on the talks said Wednesday, the latest effort to stem a tide of...

In a sign of deepening fragility among the nation’s largest banks, the government is preparing to throw a new multibillion-dollar lifeline to Bank of America, several people briefed on the talks said Wednesday, the latest effort to stem a tide of... http://www.nytimes.com/2009/01/15/business/15bank.html?_r=1&ref=business Michelle Lockett mlockett714 92 91 1 0 urn:com:businessweek:bx:article:971488298986449617-601b54e23636dce6b12e6bd5f1c0d2f7 2009-09-30T21:35:04.654-04:00

In the corporate world it can be messy negotiating a merger. For Bank of America, it appears the backroom drama behind its deal for Merrill Lynch is going to be aired in public. The Sept. 14 decision by a federal judge to reject the $33 million fine...

In the corporate world it can be messy negotiating a merger. For Bank of America, it appears the backroom drama behind its deal for Merrill Lynch is going to be aired in public. The Sept. 14 decision by a federal judge to reject the $33 million fine... http://www.businessweek.com/bwdaily/dnflash/content/sep2009/db20090914_475213.htm Dean Foust dfoust248 4 3 0 1 urn:com:businessweek:bx:article:2583710461682220570-44d260ccb7c9620b9620892bd608a923 2009-05-08T17:47:45.749-04:00

Bank of America CEO Ken Lewis has a plan, and analysts believe he can pull it off. The question some have is, how easily? "He has lots of opportunities to do things, and we will see things in more detail in the coming weeks," independent banking...

Bank of America CEO Ken Lewis has a plan, and analysts believe he can pull it off. The question some have is, how easily? "He has lots of opportunities to do things, and we will see things in more detail in the coming weeks," independent banking... http://www.businessweek.com/ap/financialnews/D9829ID01.htm John A. Byrne jbyrne076 35 34 1 0 urn:com:businessweek:bx:article:16494100831231393915-d1d9a535d3ec9679be927fd133c7875a 2009-10-16T14:42:42.497-04:00

After lots of talk, pay czar Kenneth Feinberg has made a move. Bank of America Corp. (NYSE:BAC) CEO Ken Lewis will not be getting his $1.5 million salary or bonus this year. But while this is a step in the right direction, it will have little...

After lots of talk, pay czar Kenneth Feinberg has made a move. Bank of America Corp. (NYSE:BAC) CEO Ken Lewis will not be getting his $1.5 million salary or bonus this year. But while this is a step in the right direction, it will have little... http://www.thedeal.com/dealscape/2009/10/lewiss_15m_sacrifice_a_pittanc.php Brennen Wysong bwysong598 1 1 0 0 urn:com:businessweek:bx:article:4594513707901150856-0f0e287d5bc0faee715efa3953b3cbc9 2009-10-08T10:47:26.754-04:00

Bank of America is offering some of the best mortgage interest rates that are available these days. Their mortgage interest rates are very competitive with the national average mortgage interest rates available. Today’s 30 year national average...

Bank of America is offering some of the best mortgage interest rates that are available these days. Their mortgage interest rates are very competitive with the national average mortgage interest rates available. Today’s 30 year national average... http://www.bankcdrate.info/mortgage-rates/bank-of-america-mortgage-interest-rates Stacy Everest severest299 4 4 0 0