[TheStreet.com] - Shares of Bank of America (BAC) declined 11% to close at $6.77, following a conference call featuring CEO Brian Moynihan, which was organized by Fairholme Capital Management founder Bruce Berkowitz. Also seeing 11% declines were BB&T (BBT)
[Business Insider] - Counter-party exposure is virtually the same as credit exposure he says, and he's not concerned about it. What's interesting is to compare his performance right now to Brian Moynihan's yesterday. Just look at how Bank of America stock is performing
[Seeking Alpha] - Brian Moynihan, the bank's CEO, in a conference call with Fairholme capital management, pledged that the bank was adequately capitalized and had no need to raise cash by means of an additional equity offering. Instead, Moynihan stated that while the
[Firedoglake] - I could barely suppress a laugh when reading about Bank of America CEO Brian Moynihan begging Tim Geithner to settle the foreclosure fraud issue so they can get out from under their liability. As Yves Smith points out, if Tim Geithner had the power to
[Wall Street Journal] - Bank of America CEO Brian Moynihan attempting to comfort investors amid a massive stock plunge: "Everybody should rest assured that my entire net worth is in this company." See, don't worry. He's dumb with his own money, too.
[Barron's] - CEO Brian Moynihan failed to convince investors on a conference call last week that the bank had turned things around. But with tons of bad news priced into the stock, a few quiescent quarters may be all it takes to lift the shares out of their funk.
[Barron's] - BofA CEO Brian Moynihan sought to restore investor confidence in a special call. The Wall Street Journal also reported that bank officials met with Treasury Secretary Timothy Geithner and Fed officials, reportedly to discuss issues related to housing
[The Atlantic Wire] - Chief executives Lloyd Blankfein of Goldman Sachs, Brian Moynihan of Bank of America, Jamie Dimon of JPMorgan (who's hounded Congress on this before), and others signed a letter requesting a deal by the end of the week. "A default on our nation's
[The Consumerist] - We're willing to bet that Bank of America CEO Brian Moynihan's office has two dartboards: one featuring the curiously orange face of former Countrywide head honcho Angelo Mozilo, whose company made
[24/7 Wall St. (blog)] - The Dow Jones Industrial Average has bounced after Jamie Dimon and Societe Generale have defended the system and after Brian Moynihan defended his bank. The DJIA is still down 210 points, but we have just gone back above the DJIA mark.
[DealBreaker.Com] - Brian Moynihan told Bruce Berkowitz this afternoon, “I'm comfortable we can get to 1% return on assets based on a 1.25%-1.5% Fed funds rate and a normal business cycle.” Moving to 1.5%-area short term rates would apparently add about $3 billion to
[DailyFinance] - On a conference call yesterday, BofA CEO Brian Moynihan stressed that the bank does not need to raise new capital. That was somewhat reassuring, but there's an unwritten rule in banking: The first sign that a bank needs to raise capital is when its CEO
[24/7 Wall St. (blog)] - CEO Brian Moynihan defended the bank's finances and the bank's capital on a CNBC interview, but keep in mind that the rally back was 16% today during normal trading hours. Cree Inc. (NASDAQ: CREE) is higher after beating earnings even though guidance