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Bank of America Sells Record Number of Structured Notes

Bank of America Corp. raised $4.7 billion selling structured notes to U.S. investors through June, the most of any issuer and more than its 2009 total, as sales of the securities rose to a record pace. Banks have sold $22 billion of structured notes to individual investors in the U.S. this year, according to data […]

SEC Charges B of A For Statements To Investors About Merrill Lynch Purchase

The Securities and Exchange Commission today charged Bank of America Corporation for misleading investors about billions of dollars in bonuses that were being paid to Merrill Lynch & Co. executives at the time of its acquisition of the firm. Bank of America agreed to settle the SEC’s charges and pay a penalty of $33 million. […]