http://www.mail.com/companies/14940-bank-america-corporation.html Mail.com - the best personalized free web-based Email en en http://sec-s.uicdn.com/mail.com/2.28/img/mailcom_logo_rss.png http://www.mail.com/companies/14940-bank-america-corporation.html http://www.mail.com/business/finance/2091124-cftc-adopts-weakened-rule-derivatives-trading.html WASHINGTON (AP) — A rule intended to loosen the largest U.S. banks' control over the trading of complex investments and help safeguard the financial system was weakened Thursday by regulators. Critics say the changes will allow major Wall Street banks to continue to dominate the $700 trillion derivatives market. The Commodity Futures Trading Commission ap... Thu, 16 May 2013 21:23:52 GMT http://www.mail.com/business/finance/2091124-cftc-adopts-weakened-rule-derivatives-trading.html 2013-05-16T21:23:52Z http://www.mail.com/business/economy/2066052-bofa-leads-banks-up-sp-500-ekes-gain.html NEW YORK (AP) — Bank of America led a rally in big-bank stocks in mostly quiet trading on Monday. Stock indexes ended little changed following a record-setting run last week. News that Bank of America and MBIA, a bond-insurance company, had reached a settlement over a long-running dispute propelled both companies' stocks up. BofA will pay $1.7 billion to ... Mon, 06 May 2013 20:34:20 GMT http://www.mail.com/business/economy/2066052-bofa-leads-banks-up-sp-500-ekes-gain.html 2013-05-06T20:34:20Z http://www.mail.com/business/economy/2065116-asia-stocks-rise-investors-cheer-us-jobs-data.html BANGKOK (AP) — Asian stock markets rose Monday after an unexpectedly strong U.S. jobs report pushed Wall Street to new highs. Malaysian shares jumped after the country's ruling political alliance won national elections. The Dow Jones industrial average and the Standard & Poor's 500 index both rose to record highs Friday after the Labor Department reported... Mon, 06 May 2013 05:11:42 GMT http://www.mail.com/business/economy/2065116-asia-stocks-rise-investors-cheer-us-jobs-data.html 2013-05-06T05:11:42Z http://www.mail.com/business/finance/2060340-april-report-to-whether-weak-hiring-persisted.html WASHINGTON (AP) — A report Friday on April employment could show whether weak hiring in March marked a temporary lull or the fourth year in which a slumping economy has slowed job growth. Economists predict that the job gains likely improved on March's 88,000 — the fewest in nine months. But the hiring isn't expected to be much better. Most analysts think... Fri, 03 May 2013 07:21:26 GMT http://www.mail.com/business/finance/2060340-april-report-to-whether-weak-hiring-persisted.html 2013-05-03T07:21:26Z http://www.mail.com/business/finance/2056042-stocks-sink-economic-worries-dow-138.html NEW YORK (AP) — Signs of a slowing economy dragged down the stock market Wednesday. Even the prospect of continued stimulus from the Federal Reserve didn't help. Major market indexes fell by 0.9 percent, their worst decline in two weeks. Small-company stocks fell even more, 2.5 percent, as investors shunned risk. The yield on the benchmark U.S. government... Wed, 01 May 2013 22:21:28 GMT http://www.mail.com/business/finance/2056042-stocks-sink-economic-worries-dow-138.html 2013-05-01T22:21:28Z http://www.mail.com/business/finance/2050342-australia-tax-revenue-falls-mining-boom-cools.html CANBERRA, Australia (AP) — Australia's government said Monday that its tax revenue has continued to fall in recent months as company profits declined and the mining boom that kept the nation out of recession cools. Prime Minister Julian Gillard said revenue for the fiscal year ending June 30 will be 12 billion Australian dollars ($12.4 billion) less than ... Mon, 29 Apr 2013 05:36:25 GMT http://www.mail.com/business/finance/2050342-australia-tax-revenue-falls-mining-boom-cools.html 2013-04-29T05:36:25Z http://www.mail.com/scitech/news/2036294-sprint-forms-committee-to-evaluate-dish-offer.html OVERLAND PARK, Kan. (AP) — Sprint Nextel has formed a committee of independent directors to review a $25.5 billion buyout offer from Dish Network. The committee has retained Bank of America Merrill Lynch to act as its financial adviser and will provide an assessment to the full board, the company said Monday. Dish said Monday that it's pleased with the news. Mon, 22 Apr 2013 23:28:08 GMT http://www.mail.com/scitech/news/2036294-sprint-forms-committee-to-evaluate-dish-offer.html 2013-04-22T23:28:08Z http://www.mail.com/news/world/2034390-blackstone-founder-creates-300m-china-scholarship.html BEIJING (AP) — A U.S. private equity tycoon announced Sunday the establishment of a $300 million endowed scholarship program in China for students from around the world, and billed it as a rival to the prestigious Rhodes Scholarship. Stephen A. Schwarzman, founder of the private equity firm Blackstone, said he would give $100 million as a personal gift an... Sun, 21 Apr 2013 13:44:51 GMT http://www.mail.com/news/world/2034390-blackstone-founder-creates-300m-china-scholarship.html 2013-04-21T13:44:51Z http://www.mail.com/business/economy/2025278-bofa-closes-mortgage-lawsuit-lingers.html NEW YORK (AP) — As soon as Bank of America puts one mortgage-related lawsuit behind it, another always seems to rear its head. The bank announced Wednesday that it would pay $500 million to settle a class-action lawsuit led by pension funds and other investors who say they were misled about $350 billion worth of mortgage-backed investments they bought fro... Wed, 17 Apr 2013 20:22:12 GMT http://www.mail.com/business/economy/2025278-bofa-closes-mortgage-lawsuit-lingers.html 2013-04-17T20:22:12Z http://www.mail.com/business/economy/2025498-weak-earnings-reports-weigh-wall-street.html NEW YORK (AP) — Stocks are opening lower on Wall Street after several big companies including Bank of America reported financial results that fell short of what analysts were hoping for. The Dow Jones industrial average fell 105 points, or 0.8 percent, to 14,652 shortly after the opening bell Wednesday. It rose 157 the day before. The Standard & Poor's 50... Wed, 17 Apr 2013 13:46:08 GMT http://www.mail.com/business/economy/2025498-weak-earnings-reports-weigh-wall-street.html 2013-04-17T13:46:08Z http://www.mail.com/business/economy/2020298-citigroup-execs-sound-cautious-note.html NEW YORK (AP) — Citigroup isn't convinced the economy is back. The bank on Monday announced strong first-quarter results, but executives were more cautious than celebratory. Though they didn't declare victory, they appeared to have reason to: Citigroup's investment bank advised more companies on mergers and acquisitions; its retail bank wrote more mortgag... Mon, 15 Apr 2013 23:00:19 GMT http://www.mail.com/business/economy/2020298-citigroup-execs-sound-cautious-note.html 2013-04-15T23:00:19Z http://www.mail.com/business/economy/2015852-stocks-four-day-advance-energy-slides.html NEW YORK (AP) — A four-day surge in the stock market came to an end on Friday as falling commodity prices brought down energy and mining companies. Signs of a slowing economy rattled commodity markets. The price of crude oil dropped 2 percent to $91 a barrel as weak U.S. economic reports followed forecasts for weaker oil demand. Gold plunged $64 to $1,501... Fri, 12 Apr 2013 21:38:44 GMT http://www.mail.com/business/economy/2015852-stocks-four-day-advance-energy-slides.html 2013-04-12T21:38:44Z http://www.mail.com/business/economy/2015650-weak-start-stocks-wall-street-banks-slide.html NEW YORK (AP) — The stock market is heading lower in early trading after a four-day rise as bank shares weaken. Wells Fargo and JPMorgan fell after reporting revenue that was lower than analysts were expecting. JPMorgan and Bank of America led the Dow Jones industrial average lower shortly after the opening bell Friday. The Dow was dow... Fri, 12 Apr 2013 13:49:16 GMT http://www.mail.com/business/economy/2015650-weak-start-stocks-wall-street-banks-slide.html 2013-04-12T13:49:16Z http://www.mail.com/news/politics/2006196-senate-confirms-white-to-head.html WASHINGTON (AP) — The U.S. Senate has confirmed Mary Jo White's nomination as chairman of the Securities and Exchange Commission, making her the first former prosecutor to lead the federal agency that oversees Wall Street. White was approved Monday by a Senate voice vote. She will replace Elisse Walter, who has been interim SEC chairman since Mary Schapir... Mon, 08 Apr 2013 20:20:33 GMT http://www.mail.com/news/politics/2006196-senate-confirms-white-to-head.html 2013-04-08T20:20:33Z http://www.mail.com/news/us/2001848-study-mexican-wages-fall-chinese-levels.html MEXICO CITY (AP) — Mexico is looking to penetrate the Chinese market after a new report suggested that Mexican labor costs have fallen below those of China. President Enrique Pena Nieto visited Hong Kong on Friday, and said "I am convinced that Mexican products should take advantage of the dynamism of China's markets." Just a decade ago, Mexico's prospect... Fri, 05 Apr 2013 23:34:59 GMT http://www.mail.com/news/us/2001848-study-mexican-wages-fall-chinese-levels.html 2013-04-05T23:34:59Z http://www.mail.com/business/economy/2001616-judge-approves-243b-bank-america-settlement.html NEW YORK (AP) — A New York judge has approved Bank of America's $2.43 billion settlement of a class action lawsuit brought by shareholders over the company's acquisition of former competitor Merrill Lynch. A judge for the U.S. District Court for the Southern District of Manhattan approved the settlement Friday. The bank proposed the settlement in late Sep... Fri, 05 Apr 2013 22:21:53 GMT http://www.mail.com/business/economy/2001616-judge-approves-243b-bank-america-settlement.html 2013-04-05T22:21:53Z http://www.mail.com/business/economy/1992774-fannies-record-profit-symbol-housing-rebound.html WASHINGTON (AP) — Home prices are up. Foreclosures are down. Construction is up. And now comes the latest sign of the U.S. home market's revival: Fannie Mae, the mortgage giant that nearly collapsed five years ago, has earned its biggest yearly profit ever. Fannie Mae earned $17.2 billion last year and said Tuesday that it expects to stay profitable for "... Tue, 02 Apr 2013 21:29:26 GMT http://www.mail.com/business/economy/1992774-fannies-record-profit-symbol-housing-rebound.html 2013-04-02T21:29:26Z http://www.mail.com/business/economy/1987560-banks-win-dismissal-rate-rigging-claims.html NEW YORK (AP) — A group of banks including Bank of America and JPMorgan Chase have won dismissal of most of the claims in private lawsuits alleging that they rigged a key interest rate. U.S. District Judge Naomi Reice Buchwald in New York dismissed antitrust claims brought against the banks by a group of plaintiffs that included the City of Baltimore and ... Fri, 29 Mar 2013 23:58:44 GMT http://www.mail.com/business/economy/1987560-banks-win-dismissal-rate-rigging-claims.html 2013-03-29T23:58:44Z http://www.mail.com/business/economy/1979888-berkshire-amends-warrant-deal-with-goldman-sachs.html OMAHA, Neb. (AP) — Warren Buffett's company will likely become one of the biggest shareholders in Goldman Sachs Group Inc. later this year, and Berkshire Hathaway Inc. won't even have to part with any cash to do so. Berkshire and Goldman said Tuesday they had renegotiated an agreement that gave Berkshire the right to buy 43.5 million shares of the investm... Tue, 26 Mar 2013 22:06:49 GMT http://www.mail.com/business/economy/1979888-berkshire-amends-warrant-deal-with-goldman-sachs.html 2013-03-26T22:06:49Z http://www.mail.com/business/economy/1967688-freddie-accuses-big-banks-rigging-lending-rate.html WASHINGTON (AP) — Freddie Mac has sued 15 big international banks, including JPMorgan Chase, Bank of America and Citigroup, accusing them of rigging a key interest rate and causing huge losses for the government-controlled mortgage giant. Freddie filed the lawsuit Thursday in federal court in Alexandria, Va. It names the banks that set the London interban... Wed, 20 Mar 2013 18:09:25 GMT http://www.mail.com/business/economy/1967688-freddie-accuses-big-banks-rigging-lending-rate.html 2013-03-20T18:09:25Z http://www.mail.com/business/economy/1967656-jpmorgan-clamps-fees-payday-lenders.html NEW YORK (AP) — JPMorgan Chase said Wednesday that it will take steps to protect its customers from fees and other charges that payday lenders may slap on them. The bank said it will limit the fees that customers are charged when they overdraft their accounts to make payments to payday lenders. It will also "enhance communication and require additional tr... Wed, 20 Mar 2013 16:29:30 GMT http://www.mail.com/business/economy/1967656-jpmorgan-clamps-fees-payday-lenders.html 2013-03-20T16:29:30Z http://www.mail.com/business/finance/1965374-wall-street-holds-cyprus-no-vote.html NEW YORK (AP) — The latest twists in Europe's debt drama weighed down the stock market Tuesday, offsetting more good news on the U.S. housing market. The Dow Jones industrial average managed a gain of just four points, while other indexes closed slightly lower. Investors were focused on Cyprus, where the Mediterranean country's lawmakers vote against a pr... Tue, 19 Mar 2013 22:18:12 GMT http://www.mail.com/business/finance/1965374-wall-street-holds-cyprus-no-vote.html 2013-03-19T22:18:12Z http://www.mail.com/business/finance/1956326-japan-to-join-talks-pacific-trade-pact.html TOKYO (AP) — Prime Minister Shinzo Abe announced Friday that Japan will join talks on a Pacific trade pact that would oblige the country to open up sheltered industries including farming, long a bastion of protectionism. The decision to seek participation in the U.S.-led Trans-Pacific Partnership, or TPP, raised protests from farmers, who are a traditiona... Fri, 15 Mar 2013 19:41:10 GMT http://www.mail.com/business/finance/1956326-japan-to-join-talks-pacific-trade-pact.html 2013-03-15T19:41:10Z http://www.mail.com/business/economy/1957744-citigroup-pays-ceo-corbat-124m-2012.html NEW YORK (AP) — Citigroup awarded its new CEO, Michael Corbat, a total of $12.4 million last year. That's 17 percent less than the $14.9 million his predecessor, Vikram Pandit, received in 2011. But Corbat, who replaced Pandit in October, was only in the top job for three months last year. Citigroup paid Pandit a total of $9.5 million in 2012. Before repl... Fri, 15 Mar 2013 18:21:55 GMT http://www.mail.com/business/economy/1957744-citigroup-pays-ceo-corbat-124m-2012.html 2013-03-15T18:21:55Z http://www.mail.com/business/finance/1953964-japans-parliament-clears-kuroda-to-head-boj.html TOKYO (AP) — Japan's parliament on Friday endorsed Haruhiko Kuroda, a finance ministry veteran and president of the Asian Development Bank, to become central bank governor and spearhead efforts to break the world's third-largest economy out of its long bout of deflation. Kuroda's support is crucial to Prime Minister Shinzo Abe's efforts to revive the econ... Fri, 15 Mar 2013 01:23:42 GMT http://www.mail.com/business/finance/1953964-japans-parliament-clears-kuroda-to-head-boj.html 2013-03-15T01:23:42Z http://www.mail.com/business/finance/1955524-fed-jpmorgan-goldman-better-capital-plans.html NEW YORK (AP) — JPMorgan Chase and Goldman Sachs need better plans for coping with a severe recession, the Federal Reserve said Thursday, giving the banks until September to revise them. The announcement came as part of the Fed's so-called "stress tests," its annual check-up of 18 of the country's big banks. The government runs the tests to see how the ba... Fri, 15 Mar 2013 01:18:11 GMT http://www.mail.com/business/finance/1955524-fed-jpmorgan-goldman-better-capital-plans.html 2013-03-15T01:18:11Z http://www.mail.com/news/us/1951156-bucket-list-bandit-pleads-guilty-to-bank-heists.html PITTSBURGH (AP) — A man nicknamed the "Bucket List Bandit" after he allegedly told a Utah bank teller that he had just four months to live pleaded guilty Wednesday to that robbery and 10 other heists in nine other states. Michael Eugene Brewster, formerly of Pensacola, Fla., faces a likely sentence of between 10 and 14 years in federal prison when he retu... Wed, 13 Mar 2013 17:09:48 GMT http://www.mail.com/news/us/1951156-bucket-list-bandit-pleads-guilty-to-bank-heists.html 2013-03-13T17:09:48Z http://www.mail.com/business/economy/1939250-fed-17-18-top-us-banks-strengthened.html WASHINGTON (AP) — All but one of the nation's 18 largest banks are more prepared to withstand a severe U.S. recession and a global downturn than at any time since the 2008 financial crisis, the Federal Reserve says. Results of the Fed's annual "stress tests" showed Thursday that as a group, the 18 banks hold fewer bad loans compared with last year, thanks... Fri, 08 Mar 2013 01:46:31 GMT http://www.mail.com/business/economy/1939250-fed-17-18-top-us-banks-strengthened.html 2013-03-08T01:46:31Z http://www.mail.com/business/economy/1938102-stocks-gain-day-unemployment-report.html NEW YORK (AP) — The Dow pushed further into record territory Thursday, having surpassed its previous all-time high two days ago. The catalyst was the latest evidence that hiring is picking up. Stocks started higher after the Labor Department reported that the number of Americans seeking unemployment aid fell by 7,000 last week, driving the four-week avera... Thu, 07 Mar 2013 21:32:56 GMT http://www.mail.com/business/economy/1938102-stocks-gain-day-unemployment-report.html 2013-03-07T21:32:56Z http://www.mail.com/entertainment/lifestyle/1938168-content-partners-buys-50-pct-stake-csi.html NEW YORK (AP) — Entertainment finance firm Content Partners has purchased a 50 percent stake in the "CSI" television franchise from a Goldman Sachs affiliate. Terms were not disclosed. This is Content Partners' largest buyout to date and expands on its catalog of entertainment properties, which includes interests in 119 movies and five TV series. Content ... Thu, 07 Mar 2013 15:23:48 GMT http://www.mail.com/entertainment/lifestyle/1938168-content-partners-buys-50-pct-stake-csi.html 2013-03-07T15:23:48Z