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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NEW YORK — Brian Moynihan, the CEO of Bank of America Corp., received compensation valued at $1.25 million in 2010, according to an Associated Press analysis of regulatory filings. Moynihan received a salary of $950,000 and no stock or cash ...Read More »
Lat Purser has been looking for new development projects that he can afford to lose. Earlier this month, his company, Charlotte-based Lat Purser and Associates, finished work on The Arden, a new, 16-unit apartment complex in the NoDa neighborhood north ...Read More »