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BofA Capital Levels Fine, CFO Says
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.
12:44PM 02/13/09
Financial Winners and Losers: Wells Fargo
Financial stocks were taking a hefty beating Thursday, as uncertainty about the government's financial bailout plan and stimulus package persisted.
04:51PM 02/12/09
Geithner Bailout Plan May Speed Bank Failures
By Mike Taylor | By Laurie Kulikowski
Treasury Secretary Timothy Geithner's bailout plan includes a 'stress test' for banks receiving new government aid, which could identify new weaknesses.
11:22AM 02/12/09
Financial Winners & Losers: Citigroup
Financial stocks were falling sharply Tuesday, after Treasury Secretary Timothy Geithner detailed new government initiatives to help the sector.
04:35PM 02/10/09
Financial Winners & Losers: Bank of America
Financial stocks were mixed in trading Monday, as investors awaited additional news of a government bailout for the sector.
12:01PM 02/09/09
BofA, Citi Hit by Fitch Downgrades
By Mike Taylor | By Laurie Kulikowski
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.
02:22PM 02/06/09
Financial Winners & Losers: Bank of America
Financial stocks experienced mixed and wild trading Thursday, as uncertainty about the government's handling of the bailout package rattled the sector.
05:27PM 02/05/09
BofA CEO Lewis Buys More Stock
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.
04:23PM 02/05/09
Obama's Pay Curbs Miss the Mark, Street Says
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.
02:45PM 02/05/09
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.
03:00PM 02/04/09
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