BAC

In Charlotte, Morgan Stanley Smith Barney expects to hire more than 50 private bankers who will work closely with the financial advisors later this year.

First Foundation Inc., which opened for business Oct. 1, 2007, did indeed go through a crucible. But it has emerged in good shape—thanks largely to its roots as an advisory firm.

Better grades hinge on ethical conduct, not just products.

The company hired Daniel J. Williams and Steven A. Gold to add to its ranks on both coasts.

According to Bank of America Corp.’s Merrill Lynch Affluent Insights Quarterly survey, affluent investors have become slightly less concerned about the economy’s impact on their ability to meet financial goals, but issues related to retirement and healthcare rank highest among financial concerns.

Position shift could impact reg reform bill

Asset management firm's acquisition by Ameriprise will likely close within 30 days and lead to departures of fixed-income professionals

Rietbrock joins from BofA Merrill

The Obama administration plans to announce Friday that it is revamping its foreclosure prevention plan to encourage lenders to offer principal write downs to troubled borrowers.

Bank of America Corp.'s plan to block debit card purchases that would overdraw accounts highlights a paradox in the market today: giving consumers fewer choices can be seen as customer-friendly.

House Financial Services Chairman Barney Frank urged four of the nation's top banks to adopt principal writedowns on second-lien mortgages to allow borrowers to keep their homes.

At a luncheon, which honored 13 women for their work with New York charities, BofA's Sallie Krawcheck talked about her devotion to the scholarship fund she set up for her childhood prep school.

Critics claim it will hurt securitizations, limit flow of credit

Kaplan joins from Citadel

Treasury's pricing on direct repurchases dissuades more firms.

Donofrio will continue to work with Saggurti and Rubinoff, who will lead global investment banking

Rating agency says continued 'extraordinary' government support for banking giants is uncertain

Borthwick and Carnoy to share responsibilities; Hume-Kendall named chairman of group

WASHINGTON — A federal judge in New York Monday said he will not decide until Feb. 19 whether to accept the Securities and Exchange Commission settlement with Bank of America over allegations it misled shareholders and the federal government about its merger with Merrill Lynch.

Banking stocks plummeted with the overall markets Thursday on fears of a deteriorating job market and debt troubles facing foreign governments.