UPDATE 1-ISS urges shareholders vote to strip BofA CEO Moynihan of chairman title BOSTON, Sept 4- Proxy adviser Institutional Shareholder Services on Friday recommended Bank of America shareholders vote to strip Chief Executive Brian Moynihan of his additional title of chairman, joining a chorus of critics ahead of a Sept. 22 shareholder meeting on the matter. The Charlotte, North Carolina- based bank, which named Moynihan chairman in 2014,...
No rush to hike rates: Pro Ethan Harris, BofA Merrill Lynch, and Steven Wieting, Citi Private Bank, share their expectation on the jobs report and its implications for interest rates.
UPDATE 1-Miami mortgage lawsuits vs BofA, Citigroup, Wells Fargo are revived Sept 1- A federal appeals court on Tuesday revived three lawsuits in which the City of Miami accused Wells Fargo& Co, Bank of America Corp and Citigroup Inc of predatory mortgage lending to black and Hispanic borrowers. District Judge William Dimitrouleas in Fort Lauderdale, Florida dismissed Miami's lawsuits. "It is clear that the harm the city claims to have...
| By: Jonathan Stempel
Miami lawsuits vs BofA, Citigroup, Wells Fargo are revived Sept 1- A federal appeals court on Tuesday revived three lawsuits in which the City of Miami accused Bank of America Corp, Citigroup Inc and Wells Fargo& Co of violating the federal Fair Housing Act by engaging in predatory lending. The 11th U.S. Circuit Court of Appeals said a lower court judge applied too stringent a standard in dismissing the city's claims.
Vote 'no' on BofA duel leadership role: Mike Mayo Mike Mayo, CLSA Americas managing director, explains why he is urging shareholders to vote for separate leadership roles at Bank of America and separate Brian Moynihan's position as both CEO and chairman.