Thursday, March 29, 2012

Bofa

  • NEW YORK (AP) -- Bank of America says it has begun a pilot program offering some of its mortgage customers who are facing foreclosure a chance to stay in their homes by becoming renters instead of owners.
  • (Yahoo Finance)
  • Oddly enough, the Venezuelan government has provided the private sector 22% fewer US dollars in 1Q y/y and risks deepening shortages of goods ahead of presidential elections this fall, BofA Merill says.
  • (FXStreet.com)
  • NEW YORK -- Bank of America gave its CEO a pay package worth $7.5 million last year, six times as large as the year before. It happened while the companys stock lost more than half its value and the bank lost its claim as the biggest in the nation.
  • (Detroit Free Press)
  • Robert W. Baird senior research analyst David George told CNBC he downgraded Bank of America because he is concerned the bank wont maintain strong earnings after it finishes divesting assets to maintain capital requirements.
  • (CNBC)
  • March 28 (Bloomberg) -- Bank of America Corp., the second- biggest U.S. lender, more than quadrupled Chief Executive Officer Brian T. Moynihans 2011 compensation to $8.09 million.
  • (San Francisco Gate)
  • BOSTON--(EON: Enhanced Online News)--AcadiaSoft, Inc.
  • (Business Wire)
  • Bank of America Corp. (BAC), the second- biggest U.S. lender, said Chief Executive Officer Brian T. Moynihan's 2011 compensation package was $7 million for 2011, a 30 percent cut, as the company's stock slumped.
  • (Businessweek)
  • Law360, New York (March 29, 2012, 6:56 PM ET) -- A New York state judge on Thursday tossed an investor lawsuit accusing Bank of America Corp. of mishandling $1.
  • (site.law360.com)
  • A $1 billion plan to put solar panels on 160,000 U.S. military-base homes was collapsing in September after a $344 million U.S. Department of Energy loan guarantee fell through. Bank of America Corp.
  • (Businessweek)
  • Join the thousands of real estate professionals that subscribe to the New York AM Alert.
  • (GlobeSt. com)

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