Bank of America Corp.   will stop charging overdraft fees on debit card transactions and will instead block a sale if a customer lacks adequate funds, the company announced Wednesday.  Bank of America now joins Citigroup Inc. as the second big bank to take the step. Customers w ... Re ... Read more

From Dow Jones: Financial-Crisis Panel Set To Grill Wall Street Executives Wednesday's hearing marks the first of two days of testimony before the financial-crisis commission. ... Top executives from Goldman Sachs Group Inc. (GS), Morgan Stanley (MS), Bank of America Corp. (BAC) and JPMorgan Chase ( ... Read more

Updated throughout the day. Vivendi will get no upfront cash from GE (NYSE:GE) for the sale of its stake in NBCU (Reuters) More that one of the candidates for the Bank of America (NYSE:BAC) job wants the firm broken into pieces  (WSJ) News Corp’s (NYSE:NWS)  WSJ is spending $15 million to bu ... Read more

Bank of America (BAC) is considering an emergency CEO given that Ken Lewis may suddenly get real busy with legal issues. Emergency CEO’s do not work. Look at the AIG experience. Congress just whips them for stuff they did not do. What you really want is a CEO who demands access to the corporate je ... Read more

Updated throughout the day. Update: RADVision (RVSN) is trading down over 33% on rumors that the Cisco (CSCO) buy-out of Tandberg will cost it nearly 40% of its revenue.  (Morgan Keegan) Update:  Friday’s unemployment numbers will be bogus  (RealClearMarkets) GE (GE) may or may not be tal ... Read more

Bank of America (BAC) announced the appointment of Charles Holliday Chairman of Du Pont (DD) to Bank of America’s board. Sounds like Bank of America got a good man at a difficult time. What’s in it for Charles Holliday? Bank of America is in danger of being declared a criminal organization. ... Read more

What happens when a sector loses a key bull, even if it is temporary?  Often nothing, but if it is a big enough market pundit then it can have an impact.  That is what we are seeing today in the money center banks.  Rochdale Securities’ Richard Bove said that the fundamentals of the ... Read more

Bank of America (BAC) President and CEO Ken Lewis claims he was bullied into it. Bernanke says "what me!" Congressional committees sit and cannot tell who’s who and what’s what. Bank of America is what it is. The management team will have to work their way out of it. The most powerful financial ... Read more

Another day, another glowing financial headline. Here is the ridiculous headline of the day: Bank of America posts first-quarter profit, surpasses view . Bank of America Corp. posted strong first quarter results today, as higher revenue from the purchase of Merrill Lynch & Co. help offset ... Read more