Bank of America today released the results of its 2011 annual meeting, and CEO Brian Moynihan was upbeat about the Charlotte-based company. “We are a much stronger company than last year,” Moynihan said. “We have lowered the risk in our business, ...Read More »
Banking and Finance
First Trust Bank said its net income rose 17 percent in the first quarter from the same quarter last year. The Charlotte-based company reported first-quarter net income of $620,000, or 13 cents per diluted share, up from net income of $528,000, or ...Read More »
Charlotte-based Park Sterling Corp., the holding company for Park Sterling Bank, today said it had a $2.9 million net loss in the first quarter, or 10 cents per share, compared with net income of $157,000, or 3 cents a share, ...Read More »
Bank of America Corp. has been dismissed from a lawsuit brought by investors who bought mortgage-backed securities sold by Countrywide Financial Corp., the home lender the Charlotte-based bank acquired in 2008, according to a story on bloomberg.com.Read More »
The liberal advocacy group MoveOn.org is making Bank of America a target in a campaign over what it calls unfair tax policies. Members of the group plan to rally outside the bank’s Charlotte headquarters today, the day federal income tax ...Read More »
RALEIGH — The General Assembly has agreed Joseph Smith Jr. should become North Carolina’s banking commissioner again after his nomination for a federal financial post fell short. The House completed the Legislature’s confirmation of Smith to the commissioner’s job Monday ...
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Bank of America Corp. today said its board of directors has authorized dividends on preferred stock. The Charlotte-based company has declared: • a quarterly cash dividend of 38 cents per depositary share on the 6.204 percent Noncumulative Preferred Stock, Series ...
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