Sunday 31 May 2015
 
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Bank of America

Bond funds post $102 billion inflows in Q1

Investors worldwide poured $8.5 billion into fixed-income funds in the week ended April 1, marking the first three months of this year as the biggest first quarter for fixed-income inflows since 2001, according to data from a Bank of America (Bo

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BofAML launches new travel payment solution in EMEA

Bank of America Merrill Lynch (BofAML), a leader in card services for middle-market, large corporate and public sector clients, has launched BofAML Travel Pro in the Europe, Middle East and African Region (EMEA) – a business travel payment

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Bank of America agrees $16.65bn settlement

Bank of America Corp has reached a $16.65 billion settlement with US regulators to settle charges that it misled investors into buying troubled mortgage-backed securities. The settlement announced on Thursday by the US Department

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Growth optimism high despite rise in rates

Investor confidence in global economic growth remains high even as expectations of higher short-term rates increase, a report said. The number of investors believing the global economy will grow over the next 12 months was steady

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US seeks $864m from BoA after fraud verdict

The US government urged that Bank of America Corp pay $863.6 million in damages after a federal jury found it liable for fraud over defective mortgages sold by its Countrywide unit. In a filing late Friday in the US District Court

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BoA completes Merrill Lynch merger

Bank of America (BoA) has announced that it has completed the merger of its Merrill Lynch & Co subsidiary into Bank of America Corp. Bank of America previously stated that it was considering merging Merrill Lynch & Co dire

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US accuses Bank of America of securities fraud

The US government on Tuesday filed two civil lawsuits against Bank of America that accuse the bank of investor fraud in its sale of $850 million of residential mortgage-backed securities.   The lawsuits are the l

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Investors confident in global growth despite China doubts

Global investors remain confident in the outlook for economic growth despite their sharp loss of faith in China, according to the Bank of America Merrill Lynch Fund Manager Survey for July. A net 52 per cent of respondents now exp

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Top US banks 'involved in mortgage abuse'

New York Attorney General Eric Schneiderman said there is mounting evidence that Bank of America, Wells Fargo and Company and other banks violated the terms of a settlement designed to end mortgage servicing abuses. Schneiderman -

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Bank of America to increase Gulf lending

Bank of America Merrill Lynch (BofA) plans to increase lending to businesses in the Middle East as oil-rich Gulf investors show more appetite for acquisitions, a senior banker at the US financial services firm said. BofA's mov

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