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Bank of America to pay $17B in toxic securities settlement

Bank of America to pay $17B in toxic securities settlement

WASHINGTON, Aug. 21 (UPI) --Bank of America reached a deal to pay $17 billion in a settlement for selling toxic mortgage-backed securities before the 2008 crisis, Justice Department said.
Gabrielle Levy
Bank of America, Justice Department near $17 billion deal

Bank of America, Justice Department near $17 billion deal

NEW YORK, Aug. 6 (UPI) --Bank of America and the Justice Department are close to agreeing to a $17 billion deal that will end an investigation into mortgages sold by the bank.
Ananth Baliga
Legal costs pull down Bank of America's quarterly earnings

Legal costs pull down Bank of America's quarterly earnings

NEW YORK, July 16 (UPI) --Bank of America earnings dropped 43 percent for the second quarter as the bank had to pay a large legal settlement that overshadowed otherwise good results.
Ananth Baliga
Bank of America CEO wants to meet Attorney General to negotiate deal

Bank of America CEO wants to meet Attorney General to negotiate deal

WASHINGTON, June 20 (UPI) --Bank of America said it was attempting to set up a meeting between CEO Brian Moynihan and Attorney General Eric Holder to negotiate a settlement.
Ananth Baliga

Regulators adopt Volcker Rule

WASHINGTON, Dec. 10 (UPI) -- U.S. regulators Tuesday voted to adopt the so-called Volcker rule meant to limit the ability of banks to use their own money to make risky investment bets.

UPI NewsTrack Business

Stocks close near peak for the week ... Citigroup to change executive pay process ... In China, R&D grew in 2012 ... Retail weak in Canada in December ... News from United Press International.

Citigroup to change executive pay process

NEW YORK, Feb. 22 (UPI) -- U.S. financial behemoth Citigroup is changing its executive compensation formula in response to disgruntled shareholders, a regulatory filing said.

Fed settles mortgage abuse with 10 banks

WASHINGTON, Jan. 7 (UPI) -- The U.S. Federal Reserve said 10 banks agreed to pay $8.5 billion to close down a foreclosure fraud and lending abuse review.
Bank of America to cut 16,000 jobs

Bank of America to cut 16,000 jobs

CHARLOTTE, N.C., Sept. 20 (UPI) -- U.S. financial giant Bank of America has plans to cut 16,000 jobs by the end of the year in an effort to become a sleeker company, an in-house document says.

Bank of America to cut costs by $5 billion

NEW YORK, Sept. 12 (UPI) -- Bank of America Chief Executive Officer Brian Moynihan said Monday the bank, largest in the United States, would trim annual costs by $5 billion.
Bank of America plans huge job cuts

Bank of America plans huge job cuts

CHARLOTTE, N.C., Sept. 10 (UPI) -- Bank of America Corp., the largest U.S. bank holding company, plans to cut 40,000 jobs, more than 10 percent of the workforce, executives say.
BofA to sell Canadian credit card business

BofA to sell Canadian credit card business

CHARLOTTE, N.C., Aug. 15 (UPI) -- Bank of America said Monday it had agreed to sell its Canadian credit card business to TD Bank Group for an undisclosed amount.
BofA to make management shifts

BofA to make management shifts

CHARLOTTE, N.C., April 16 (UPI) -- Bank of America, the largest U.S. bank by assets, is making management changes in reaction to a decline in profits, sources told The Wall Street Journal.
BOFA looking not near, but far, for CFO

BOFA looking not near, but far, for CFO

CHARLOTTE, N.C., Jan. 13 (UPI) -- Bank of America's new Chief Executive Officer Brian Moynihan said the U.S. financial giant's next chief financial officer would come from outside the bank.

Panel calls on top bankers to testify

WASHINGTON, Jan. 8 (UPI) -- A Congressional panel assembled to find the causes of the financial meltdown has scheduled four top U.S. bankers to give testimony next week.
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Brian Moynihan
Wiki

Brian Thomas Moynihan (born October 9, 1959) is an American lawyer, businessman and the President and CEO of Bank of America. He also joined the Board of Directors, following his promotion to President and CEO.

Moynihan was born in Marietta, Ohio in 1959. He is the sixth of eight children. The youngest of the eight, Moynihan's brother, Patrick, is the president of The Haitian Project, which runs a private Catholic boarding school for Haiti's disadvantaged in Port-au-Prince.

Moynihan graduated from Brown University in 1981, where he majored in history, co-captained the rugby team, and met his future wife, classmate Susan E. Berry.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Brian Moynihan."
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