Bank of America Chief Executive Officer Brian Moynihan will participate
in the Sanford C. Bernstein 29th Annual Strategic Decisions Conference
in New York on Thursday, May 30, 2013 at 2 p.m. Eastern Time. A live
audio webcast will be accessible through the Bank of America Investor
Relations website at http://investor.bankofamerica.com.
Bank of AmericaBank of America is one of the world's largest
financial institutions, servingmore...
New Escrow Product Adds to Company’s Local Transaction Services
Bank of America Merrill Lynch, a global provider of custody and agency
services, today announced that it has launched Cuenta Controlada
(Controlled Account) services in Mexico for Mexican pesos and U.S.
dollar transactions. The new offering is an important addition to the
suite of transaction services available to clients operating in Mexico.
Cuenta Controlada regulates the exchange of cash among multiple parties
based on agreed uponmore...
Bank Believes Consumer Relief Provision Has Been Exceeded; Continues Outreach to Offer Assistance to Remaining Eligible Customers
Less than a year after beginning implementation of principal reduction
and other consumer relief programs under the National Mortgage
Settlement (NMS), Bank of America completed and approved assistance to
about 320,000 customers totaling $29.2 billion in aggregate relief
across all settlement programs through March 31. Nearly 46,500
additional homeowners who are making timely payments on loan balances
that exceed the current value of themore...