4 Financial Stock Stories Not To Be Missed

Bank of America Corporation (NYSE:BAC): Closing price $12.23

Chief Excutive Brian T. Moynihan stated Tuesday in an interview et for PBS television’s Charlie Rose, that he would not mind being chief executive of the lender forever. Moynihan commented that “It’s the best job there is. While there have been times when you sit there and say, ‘Jeez, this is a lot of pounding,’ you always keep your eye on the purpose you’re here. And that’s to help people with their financial lives — if you really keep focused on that, I could do this the rest of my life.”

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BAC

Citigroup (NYSE:C): Closing price $44.46

The Federal Reserve has ordered Citigroup to more throughly check for the risk of money laundering, as part of a broad Unites States regulatory tightening on the potential for illicit money flows, according to Reuters. Citigroup’s board was told to submit a plan within 60 days through which to improve its oversight of companywide anti-money laundering compliance, according to a consent order dated March 21, but only made public Tuesday. The order increases upon similar directives targeted at several Citigroup divisions in 2012.

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C

Hartford Financial Services Group (NYSE:HIG): Closing price $25.95

The Hartford, along with with Hartford Life, announced Wednesday the acceptance of notes and early settlement of its previously announced cash tender offers for senior debt in an aggregate principal amount of $800 million. Settlement occurred on Tuesday.

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HIG

Wells Fargo & Co. (NYSE:WFC): Closing price $36.98

The most highly valued United States bank paid a board member’s son around $1.4 million in 2012 for his work in a division charged with investing deposits. Scott P. Quigley received the compensation as a manager in the principal investments group, according to the lender’s most recent proxy filing. His father, Philip J. Quigley, has been a Wells Fargo director since 1994, is stepping down from the board in April. Niether person would comment, and the bank declined to make them available.

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WFC

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