Bank of America Shareholders Protest, but Approve Pay

Taxpayers are already on the hook for $180 billion in losses at Fannie Mae and Freddie Mac. That number is going to rise, perhaps significantly. The clever synonym for more taxpayer losses is "treasury Advance". With that understanding, please consider Fannie Mae's Losses Narrow but Treasury Advance Requested.

Bank of America named Brian Moynihan to be its next chief executive late on Wednesday, keeping the job within the company and disappointing institutional shareholders who have been agitating for a change in leadership at the Charlotte, North Carolina bank

Unlike other financial giants, the bank is working to keep investor proposals on executive compensation off the ballot. Since Brian Moynihan took over as chief executive at Bank of America Corp.

By Market Blog: By David Berman

Bank of America Corp. learned a lesson from its abandoned debit card fee and will work to provide transparency and fair pricing to customers while producing a return for shareholders, Chief Executive Brian Moynihan said on Tuesday

CHARLOTTE, North Carolina (Reuters) - Bank of America Corp is working to improve profits by reducing its number of problem mortgages and cutting other costs, Chief Executive Brian Moynihan told shareholders on Wednesday.