Read more Bank of America stories on Newserhttp://www.newser.com/taggrid/1215/bank-of-america.html2009 - Newseren-usNewser Feed GeneratorTue, 24 Nov 2009 18:59:57 CSThttp://www.newser.com/story/74730/fed-prods-banks-for-tarp-repayment-plans.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe government is stepping up plans to wind down the TARP program. The Fed has asked nine banks stress-tested earlier this year, including Bank of America and Citigroup, to come up with plans to repay a total of $142 billion in TARP funds. The move represents an evolution in the...http://www.newser.com/story/74730/fed-prods-banks-for-tarp-repayment-plans.html?utm_source=syn&utm_medium=rss&utm_campaign=tagTue, 24 Nov 2009 11:47:25 CSThttp://www.newser.com/story/73832/dow-rises-44-on-rates-news.html?utm_source=syn&utm_medium=rss&utm_campaign=tagStocks retreated from an earlier rally but closed with solid gains after the Dallas Fed president reaffirmed the central bank's commitment to keeping interest rates low. Meanwhile, home-builder Toll Brothers announced a surge in contracts for the third quarter, the Wall Street Journal reports. The Dow gained 44 points to...http://www.newser.com/story/73832/dow-rises-44-on-rates-news.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 11 Nov 2009 15:15:23 CSThttp://www.newser.com/story/72693/pay-czar-cuts-bonuses-but-boosts-salaries.html?utm_source=syn&utm_medium=rss&utm_campaign=tagBase pay will increase for the majority of top execs in the finance and auto firms supervised by federal pay czar Kenneth Feinberg. Salaries are being bumped up—by hundreds of thousands of dollars in some cases—as bonuses and other perks are slashed. Despite the salary hikes, all 136...http://www.newser.com/story/72693/pay-czar-cuts-bonuses-but-boosts-salaries.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 28 Oct 2009 1:24:23 CDThttp://www.newser.com/story/72322/50-pay-cuts-for-bailout-execs-due-today.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe Treasury Department today is expected to order seven companies that have not paid back last year's US government bailouts to halve their top executives' average compensation. The cuts apply to the 25 highest-paid executives at banks and other companies that received the most assistance, with salaries being slashed by...http://www.newser.com/story/72322/50-pay-cuts-for-bailout-execs-due-today.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 22 Oct 2009 9:40:58 CDThttp://www.newser.com/story/72253/pay-czar-slashes-top-salaries-at-7-bailed-out-firms.html?utm_source=syn&utm_medium=rss&utm_campaign=tagPresident Obama’s pay czar will cut compensation for the 25 highest-paid employees at seven companies that took large amounts of government aid. The 175 executives will face salary reductions of 90%, but with other compensation elements added in, the total reductions average 50%. Ken Feinberg also will require the seven...http://www.newser.com/story/72253/pay-czar-slashes-top-salaries-at-7-bailed-out-firms.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 21 Oct 2009 15:53:35 CDThttp://www.newser.com/story/72023/in-switch-real-economy-hits-big-banks.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThose concerned about the nation’s banks should forget about the “softly, softly policy” of the Obama administration that has allowed Goldman Sachs to go back to business as usual in spectacular fashion. The real problem, Paul Krugman writes, is banks like Citi and Bank of America that are still floundering...http://www.newser.com/story/72023/in-switch-real-economy-hits-big-banks.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMon, 19 Oct 2009 9:49:00 CDThttp://www.newser.com/story/71905/dow-drops-67-sinks-below-10000-on-ibm-boa-reports.html?utm_source=syn&utm_medium=rss&utm_campaign=tagStocks fell today as optimism about economic recovery waned in the face of disappointing earnings. Bank of American and General Electric’s financing division both posted quarterly losses. IBM, which reported strong profits but spooked investors with downbeat comments on the readiness of businesses to spend on technology, fell 5.2%,...http://www.newser.com/story/71905/dow-drops-67-sinks-below-10000-on-ibm-boa-reports.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 16 Oct 2009 15:16:43 CDThttp://www.newser.com/story/71872/bank-of-america-loses-22b-as-loans-sour.html?utm_source=syn&utm_medium=rss&utm_campaign=tagBank of America Corp. lost more $2.24 billion in the third quarter, the company announced today, as loan losses kept rising. Those losses amounted to nearly $10 billion, providing further evidence that consumers are still struggling to pay their bills. The bank also added $2.1 billion to its...http://www.newser.com/story/71872/bank-of-america-loses-22b-as-loans-sour.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 16 Oct 2009 8:02:33 CDThttp://www.newser.com/story/71861/pay-czar-blocks-salary-for-ken-lewis.html?utm_source=syn&utm_medium=rss&utm_campaign=tagPresident Obama's pay czar has landed his biggest punch yet: Bank of America CEO Ken Lewis will forgo any pay this year and return $1 million he's already accepted. But don't start up a collection just yet: The reason Kenneth Feinberg made the request is because Lewis will receive about...http://www.newser.com/story/71861/pay-czar-blocks-salary-for-ken-lewis.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 16 Oct 2009 7:42:28 CDT