August 4, 2009 |
Bank of America Corp. has agreed to pay $33 million to settle allegations that it misled shareholders by indicating that Merrill Lynch & Co. would not pay year-end bonuses -- when in fact the bank had already approved up to $5.8 billion in payments. Federal regulators, who brought the suit against BofA, said the episode occurred as shareholders were considering the bank's proposed acquisition of Merrill Lynch last year.
January 28, 2009 |
New York's attorney general issued subpoenas Tuesday to former Merrill Lynch & Co. Chief Executive John Thain and Bank of America Corp.'s chief administrative officer, J. Steele Alphin, amid an investigation into bonuses that Merrill paid executives just before it was sold to Bank of America. Thain, 53, was serving as head of the newly combined company's wealth management division before he resigned last week.
July 29, 2009 |
A decade ago, big banks and thrifts began closing branches in the belief that clicks would replace bricks as customers moved their business online. But consumers weren't ready, and the experiment was soon abandoned. Now the old model may finally be changing. Bank of America Corp.
October 25, 2003 |
Theodore Sihpol, a former Bank of America Corp. broker at the heart of a mutual fund trading probe, has sued the bank in a bid to have it pay his legal costs. In a complaint filed in Delaware Chancery Court, Sihpol claims that Bank of America should cover his legal fees because company bylaws provide for such payouts. Bank of America, based in Charlotte, N.C., fired Sihpol last month, shortly after New York Atty. Gen.
CALIFORNIA | LOCAL
July 15, 1999 |
A former bank teller pleaded guilty Wednesday to helping her lover, a Los Angeles police officer, rob $722,000 from a Bank of America branch near the USC campus. Errolyn Romero, 27, entered her plea a week before she was scheduled to go on trial a second time on charges of conspiring with former LAPD Officer David Mack to rob the bank's Jefferson Boulevard branch on Nov. 6, 1997. Mack, 38, was convicted of the crime earlier this year and is awaiting sentencing.