Bank of America Corp. says it has made more than $1 billion in loans and investments to more than 120 Community Development Financial Institutions in 37 states. (BAC)
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Brian Moynihan, president of consumer and small-business banking at Bank of America Corp., is slated to testify at a U.S. House hearing Tuesday on the bank’s acquisition of Merrill Lynch & Co. (BAC)
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Two bank analysts have called for Bank of America Corp. to keep Kenneth Lewis in the chief executive’s spot for up to another year to give the bank more time to find his successor. (BAC)
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Bank of America Corp.’s chief executive search is unlikely to finish before Thanksgiving, the New York Post reports, saying factions of BofA directors have divided over whether the bank should choose an outside candidate or an insider. (BAC) (C) (JPM)
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US Airways Group Inc. Chief Executive Doug Parker says the carrier has no plans to cut back its operations in Charlotte even if Bank of America Corp. were to move its headquarters from the Queen City. (LCC)
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"There aren’t too many people around the world who think that Charlotte is a major financial center." But there have been a few around Mecklenburg County. Bank of America Corp. broadened its search for a chief executive officer to include... [...]
A labor union pension fund isn’t happy with Bank of America Corp.’s search for a new chief executive and is petitioning the bank to have a succession plan in place from now on. (BAC)
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N.C. Gov. Bev Perdue presented the North Carolina Award to six individuals Thursday night in Raleigh, with the group including former Bank of America Corp. chief executive Hugh McColl Jr.
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Bank of America Corp. has agreed to sell San Francisco-based First Republic Bank to several investors, including First Republic’s management and investment funds managed by Colony Capital and General Atlantic. (BAC)
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Bank of America Corp. will provide preferred terms for clients who finance their aircraft through Avjet Corp., an aviation-services management company based in Burbank, Calif. (BAC)
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Bank of America Corp. and the NFL are in difficult negotiations to renew the bank’s league sponsorship, with several teams balking at the financial institution’s push to be able to use the logos of all 32 clubs to market debit and credit cards. (BAC)
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Bank of America Corp. lost $2.24 billion, or 26 cents per diluted share, in the third quarter, the bank reported Friday, failing to match analysts estimates. (BAC)
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