Bank Of America
January 20, 2012 by staff · Comments Off on Bank Of America
Bank Of America, Even as the company reported a $2 billion profit in the fourth quarter Thursday, what was once the country’s largest bank continued to shrink, shedding tens of billions of dollars from its balance sheet and laying off nearly 7,000 employees.
The results mark the clearest evidence so far of CEO Brian Moynihan’s view that bigger isn’t better, and Wall Street seemed to agree — Bank of America shares rose more than 2 percent to just below $7 a share, the highest level since October. The boost was a rare break for long-suffering Bank of America investors, who watched its shares dive by more than 50 percent last year.
While the profit was a turnaround from the fourth quarter of 2010, when Bank of America lost $1.2 billion, it was largely a result of one-time gains. They included $2.9 billion from the sale of a stake in China Construction Bank and $1.2 billion on the exchange of preferred stock for common stock.
Bankofamericaonlinebanking
January 14, 2011 by USA Post · Comments Off on Bankofamericaonlinebanking
Bankofamericaonlinebanking, (AP) – Bank of America Corp., online banking has been declining for some users since early Friday.
The Charlotte, NC-based bank would not say exactly how many of its 29 million online banking customers could not access their accounts in the early afternoon. The problem occurred at around 7:00 Eastern Time, according to spokeswoman Tara Burke Murphy.
ATM banking network functioned normally, “said Burke.
Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Bankofamerica
January 14, 2011 by staff · Comments Off on Bankofamerica
Bankofamerica, Bank of America Corporation (NYSE: BAC) was trading at 14.69 and close its 200 day moving average, currently set at $ 14.24. Stock price action of America is just above the key support level, and it will certainly attract the attention of traders as a trading opportunity possible.
Bank of America Corporation provides banking, investing, asset management and other financial and risk management services. The Company has a subsidiary mortgage and investment banking and brokerage subsidiary securities. Bank of America, the largest U.S. lender, has an extensive network of sites of retail banking at the Bank of the United States was founded in 1874 and headquartered in Charlotte, NC.
Latest range of prices, defined by an algorithm of peaks and troughs places calculated to support and 10.91 and calculated the resistance to the $ 14.69. Traders will certainly watch these levels because they can better understand the dynamics of recent price set by Bank of America.
Traders who want to establish a position in Bank of America will look at the price action for the evidence of buying near the 200 day moving average, and the opening of a position as close as possible to this important level. Also traders will look at the latest price action through the current range of stocks defined above for an overview of other key levels that could affect their head or down.
Bank Of America Website Down
January 14, 2011 by staff · Comments Off on Bank Of America Website Down
Bank Of America Website Down, Mortgage rates today with top U.S. lenders appear to have stayed the same as yesterday, except for those with Chase Mortgage, where they are even more. Bank of the U.S. mortgage section of their website is down today. Therefore we do not see rates BofA today.
Mortgage rates have continued to make it this whole week. This trend goes even further today with adjustable rate mortgages to the Chase, which fell more than 4% to just above 3%. This happened with Chase 7 years and 5 years Variable rate mortgages.
If your looking for a home loan variable rate mortgages Chase could be the lender to continue today. Remember to make the turn at the top lenders for the best deals on mortgages at fixed rates.
Rates Chase Mortgage Purchase:
30-year fixed rate 4.750%
15-year fixed 4.000%
7 / 1 ARM 3.750%
5 / 1 ARM 3.250%
Chase refinancing:
30-year fixed rate 4.750%
15-year fixed 4.000%
7 / 1 ARM 3.750%
5 / 1 ARM 3.350%
Wells Fargo Home Mortgage Purchase Rates:
30-year fixed rate 4.875%
30-year fixed rate 4.750% FHA
15-year fixed 4.250%
5 year ARM 3.375%
5 year ARM FHA 3.250%
Wells Refinance
30-year fixed rate 4.875%
30-year fixed rate 4.750% FHA
15-year fixed 4.250%
5 year ARM 3.500%
5 year ARM FHA 3.250%
Rates PNC Mortgage Purchase:
10-year fixed rate 4.125% – 4.875%
15-year fixed rate 4.250% – 5.125%
20-year fixed rate 5.000% – 5.750%
30-year fixed rate 4.875% – 5.375%
PNC refinancing:
10-year fixed rate 4.125% – 4.875%
15-year fixed rate 4.250% – 5.125%
20-year fixed rate 5.000% – 5.750%
30-year fixed rate 4.875% – 5.375%
Source: http://www.loansafe.org/today%E2%80%99s-top-mortgage-lender-rate-report-for-1142011-by-loansafe-org
Bank Of America
January 14, 2011 by staff · Comments Off on Bank Of America
Bank Of America, (AFP) – A senior U.S. State Department on Thursday urged diplomatic ease anger among the states in the UN on the closure of embassy accounts in U.S. banks.
The permanent members of the Security Council of the UN, as France and China are among the many countries told to find a new bank JPMorgan Chase said after the diplomatic missions in Washington and New York to close their accounts in March 31.
Patrick Kennedy, undersecretary of state, met with representatives from over 150 countries at UN headquarters to address concerns about the accounts.
He told reporters after the Secretary of State Hillary Clinton and Treasury Secretary Timothy Geithner have been involved in efforts to persuade banks to reconsider their decision and for other banks in diplomatic affairs.
U.S. officials have insisted that the banks had taken a “business decision.”
The major powers say they expect to quickly find an alternative bank, but dozens of poor countries, especially from Africa are already experiencing problems, diplomats said. The accounts are required to pay staff salaries and bills mission.
With very little income coming from within America, the bulk of the security Council members are having to put millions of dollars a year for their missions.
JPMorgan Chase, which has a heavy diplomatic clientele, as she had a branch at the UN headquarters in New York is the only bank known to have closed all accounts embassy.
But Bank of America last year cut five accounts held by the Embassy of Angola and several other banks said they expect the U.S. authorities to break the diplomatic business, reports the Washington Post.
No U.S. bank has not yet spoken publicly about the decision, but diplomats say they believe that because of the high cost of monitoring the money arriving in the U.S. for signs of criminal activities of terrorists or others.
Robert Rowe, vice president of the American Bankers Association, the main group representing U.S. banks, has blamed the increasing pressure from regulators to crack down on corruption and other criminal activities.
“Because of the requirements of (government) examiners banks are particularly cautious” on money from abroad, Rowe told AFP. “Especially when it comes to missions abroad” by “High Profile” individuals.
“There are a lot of scrutiny now,” he said. “It becomes very difficult for banks to tell the good from the bad guys.”
Rowe said in other countries facing similar problems of accounting for foreign capital flows.
The United States has strict laws against t*rror*sm and the financing of crime. But Paris-based Financial Action Task Force, an intergovernmental body, has spread stricter measures in many countries.
JPMorgan Chase sent a letter to ambassadors of the United States on Sept. 30 warning that all diplomatic accounts and credit cards would be closed from March 31.
The U.S. government said the ambassadors couldn’t force banks to accept diplomatic affairs and the U.S. Mission to the United Nations embassies warned they may have difficulty finding another school.
Copyright © 2011 AFP. All rights reserved.
