Here’s this week’s round-up of Bank of America Corporation (NYSE:BAC) news briefings. Bank of America Corporation (NYSE:BAC) company shares ended the week at 12.64 (as of 8/27/2010).

Weekly News Roundup: Bank of America Corporation (NYSE:BAC)

Monday 23 August

Bank of America Corp (NYSE:BAC) and former Chief Executive Kenneth Lewis denied the civil fraud alleged by New York State’s Attorney Andrew Cuomo. Bank of America Corp and former Chief Executive Kenneth Lewis said the civil fraud charges brought by New York’s attorney general regarding the bank’s takeover of Merrill Lynch & Co amid the 2008 financial crisis were baseless.

The lawsuit alleged that Bank of America (NYSE:BAC) misled the public about the financial condition of Merrill Lynch.

Tuesday 24 August

In a good omen for Bank of America (NYSE:BAC), CEO Brian Moynihan has been shown by and SEC filing to have recently bought up 30,000 shares of B of A common stock.

This could be a signal to Wall Street that the CEO believes his company’s stock is undervalued. At $13.02 per share, Moynihan used $390,000 to make a statement about his company. Shares are now trading slightly lower at $12.87.

Wednesday 25 August

Bank of America Corp (NYSE:BAC) has started preliminary testing of a cell phone payment option at select merchants in the New York area.

The bank says the goal now is simply to gain a better understanding of how customers perceive these types of payment options, and go from there.

The testing could be expanded to four cities by the middle of next year.

We’ll be keeping a close eye on the Bank of America Corporation (NYSE:BAC) stock price for developments over the next few weeks.