Bank Stocks in News: Bank of America (NYSE:BAC), Citigroup Inc. (NYSE:C), Regions Financial Corporation (NYSE:RF), Barclays (NYSE:BCS)

A former personal banker at Bank of America Corp (NYSE:BAC) Reading branch was sentenced yesterday to three to five years in state prison plus 10 years’ probation for stealing more than $2.1 million from 31 investors and customers in a Ponzi scheme she used to buy luxury cars and lavish vacations. Bank of America Corp (NYSE:BAC) stock performance was 1.85% in last session and finished … Continue reading Bank Stocks in News: Bank of America (NYSE:BAC), Citigroup Inc. (NYSE:C), Regions Financial Corporation (NYSE:RF), Barclays (NYSE:BCS)

Bank Stocks in News: Bank of America (NYSE:BAC), Citigroup Inc. (NYSE:C), Regions Financial (NYSE:RF), Barclays (NYSE:BCS)

Major banks including Barclays, Citigroup Inc (NYSE:C) and Royal Bank of Scotland have frozen bonuses across large parts of their foreign exchange trading teams in light of the investigation into manipulation of forex benchmarks, the Financial Times reports. Citigroup Inc (NYSE:C) stock performance was -0.95% in last session and finished the day at $46.88. Traded volume was 26.14million shares in the last session and the … Continue reading Active Stocks Financial Sector: Citigroup Inc (NYSE:C), Bank of America Corp (NYSE:BAC), JPMorgan Chase & Co. (NYSE:JPM), Barclays PLC (ADR) (NYSE:BCS)

Bank of America Corp (NYSE:BAC) Merrill Lynch analysts also lowered their prediction from 7.6 per cent to 7.2 per cent for the full year due to the “significantly weaker than expected” data in the first two months. Bank of America Corp (NYSE:BAC) stock performance was -2.10% in last session and finished the day at $16.80. Traded volume was 131.30million shares in the last session and … Continue reading Money Center Banks: Bank of America Corp (NYSE:BAC), Citigroup Inc (NYSE:C), JPMorgan Chase & Co. (NYSE:JPM), Wells Fargo & Co (NYSE:WFC)

When Japan’s Mitsuba Corporation needed to ensure that its global communications infrastructure would support the company’s ongoing expansion, it turned to Verizon Communications Inc. (NYSE:VZ) for help. Verizon Communications Inc. (NYSE:VZ) stock performance was -0.73% in last session and finished the day at $46.36. Traded volume was 45.52million shares in the last session and the average volume of the stock remained 37.81million shares. The beta … Continue reading Active Runners At NYSE: Verizon Communications Inc. (NYSE:VZ), General Electric Company (NYSE:GE), AT&T Inc. (NYSE:T), Citigroup Inc (NYSE:C)

Bank of America Corp (NYSE:BAC) CEO Brian Moynihan saw his compensation jump by 77 percent last year as the company’s fortunes improved. Moynihan’s total compensation was $13.1 million, according to an Associated Press calculation based on a filing made by the company on Friday. The bulk of his pay was $11.1 million worth of stock awards granted in February 2013. Bank of America Corp (NYSE:BAC) … Continue reading Investor’s Alert: Bank of America (NYSE:BAC), Verizon Communications Inc. (NYSE:VZ), Citigroup Inc (NYSE:C), AT&T Inc. (NYSE:T)