02/13/09 - 12:44 PM EST
Bank of America's capital levels are sufficient to keep the company going for more than two years, CFO Joe Price says according to a report.
02/12/09 - 04:51 PM EST
Financial stocks were taking a hefty beating Thursday, as uncertainty about the government's financial bailout plan and stimulus package persisted.
02/10/09 - 04:35 PM EST
Financial stocks were falling sharply Tuesday, after Treasury Secretary Timothy Geithner detailed new government initiatives to help the sector.
02/09/09 - 04:33 PM EST
Financial stocks were mixed in trading Monday, as investors awaited additional news of a government bailout for the sector.
02/06/09 - 04:47 PM EST
Bank of America and Citigroup saw their individual and preferred shares downgraded to junk by Fitch Ratings on Friday, reflecting ongoing concerns about federal involvement.
02/05/09 - 05:27 PM EST
Financial stocks experienced mixed and wild trading Thursday, as uncertainty about the government's handling of the bailout package rattled the sector.
02/05/09 - 04:23 PM EST
Bank of America CEO Ken Lewis bought another 200,000 shares of the company's stock as it slipped to lows not seen in almost two decades.
02/05/09 - 03:01 PM EST
President Barack Obama's proposed clampdown on CEO salaries for companies getting a government handout may be misguided in its execution, even if the spirit of the move makes political sense, Wall Street analysts and observers say.
02/04/09 - 03:00 PM EST
President Barack Obama on Wednesday announced a plan to cap executive pay for companies that participate in the Treasury Department's bailout program for the financial sector.
02/04/09 - 12:00 AM EST
The Las Vegas trip for its employees was the latest example of a financial firm appearing tone deaf to an increasingly bailout-weary public.