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BOA loan modifications reach 600,000 (Seattle Times)
21 hours ago ago from Seattle to Tacoma REALTOR
Bank of America says 600,000 mortgages modified Bank of America Corp. said Monday it has provided mortgage relief through loan modifications for more than 600,000 homeowners since January 2008. The Associated Press CALABASAS, Calif. — Bank of America Corp. said Monday it has provided mortgage relief through loan modifications for more than 600,000 homeowners since January 2008. The renegotiated loans were done through its ...
Related contentBank of America (NYSE: BAC) CEO Candidate Facing Scrutiny :: Finance News Blog
18 hours ago ago from Finance News Blog
Greg Curl, the Chief Risk Officer for Bank of America (NYSE: BAC) and one of the leading internal candidates for the Chief Executive Officer (CEO) position at the bank is currently being sought for additional questioning by the office of New York’s attorney general, Andrew Cuomo. The New York Times reported on Tuesday that the office of the New York attorney general contacted Bank of America lawyers and expressed concern over previous ...
Related contentBank of America (NSE: BAC) Executive Under Scrutiny Relating to Merrill Lynch Takeover :: Finance News Blog
6 hours ago ago from Finance News Blog
One of Bank of America’s (NYSE: BAC) leading candidates to become the company’s next CEO has become embroiled into an investigation relating to Bank of America’s takeover of Merril Lynch last year. New York’s attorney general, Andrew M. Cuomo, has contacted several of Bank of America’s lawysers during the last two weeks with concerns about testimony made by the company’s chief risk officer, Greg Curl. The issues emerged as the ...
Related contentBank of America Executive Under Scrutiny
10 hours ago ago from Single Source Mortgage Dot Net
One of the leading candidates to take the helm at Bank of America has become embroiled in an investigation of the bank’s merger with Merrill Lynch. Source of this article: Bank of America Executive Under Scrutiny
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BofA board meets, new CEO decision looms
9 hours ago ago from PopEater
CHARLOTTE, N.C. -Bank of America's board is meeting Tuesday to discuss potential replacements for CEO Ken Lewis who has said he plans to leave by the end of the year. It is unclear whether the board, which is meeting in Charlotte, N.C., has a specific candidate in mind or if any announcement will come following the meeting. Bank of America spokesman Scott Silvestri said Tuesday a decision will be made "in the near future." Bank of America has ...
Related contentBank of America Executive Examined
22 hours ago ago from The New York Times
One of the leading candidates to take the helm at Bank of America has become embroiled in an investigation of the bank's merger with Merrill Lynch . The office of New York's attorney general, Andrew M. Cuomo , has contacted several of the bank's lawyers in the last two weeks with concerns about testimony given last month by Greg Curl, the bank's chief risk officer. The issue emerged just as the bank's board began a two-day ...
Related contentManufacturing CFOs Optimistic in Annual Bank of America Merrill Lynch Outlook
11 hours ago ago from FanHouse
CHARLOTTE, N.C., Dec. 8 /PRNewswire/ -- Despite giving the current economy low marks, financial executives at U.S. manufacturers are more optimistic than in recent years about the nation's economic outlook, according to a Bank of America Merrill Lynch survey released today. Two-thirds of the 601 executives surveyed said the economy will expand in 2010 - a big jump from the less than one-third who voiced optimism a year ago. (Logo: ...
Related contentSecurity Federal Corporation Announces Cash Dividend
1 hour, 56 minutes ago ago from FanHouse
Security Federal Corporation, parent company of Security Federal Bank, announced a quarterly dividend of $ .08 per share will be paid on or about December 15, 2009 to shareholders of record as of November 30, 2009. This is the seventy-sixth consecutive quarterly dividend to shareholders since the Bank’s conversion in October of 1987 from a mutual to a stock form of ownership. The dividend was declared as a result of the Bank’s continued ...
Related contentBoard to Propose More Flexible Accounting Rules for Banks
22 hours ago ago from The New York Times
Facing political pressure to abandon fair value accounting for banks, the chairman of the board that sets American accounting standards will call Tuesday for the of bank capital rules from normal accounting standards. His proposal would encourage bank regulators to make adjustments as they determine whether banks have adequate capital while still allowing investors to see the current fair value often the market value of bank loans and other ...
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