Bank of America CEO made $8.1 million in 2011

By Tim Iacono: I’ve always wondered how big banks were going to make big money in the post-2008 era of finance where a consumer protection agency has made it more difficult to nickle-and-dime the masses.

(Reuters) - Bank of America Corp is "very comfortable" with the composition of its corporate investment portfolio, which is invested mostly in government-guaranteed mortgage bonds and U.S. Treasury bonds, Chief Executive Officer Brian Moynihan said at an investor conference on Monday. Moynihan was asked about the bank's investments following JPMorgan Chase & Co's disclosure this month that it lost $2 billion or more on a trading strategy in its Corporate Investment Office. ...

(Reuters) - Though costly for banks, a $25 billion settlement over foreclosure abuses will help a slowly improving housing market, Bank of America Corp Chief Executive Officer Brian Moynihan said Thursday. "The mortgage process is healing, which is good for all of us and the economy," Moynihan said at an investor conference in New York. The settlement, which will cost Bank of America $11.9 billion in cash payments and loan modifications, was announced February 9, but final documents have not yet been filed. ...