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Brian Moynihan

It Turns Out 2011 Was A Pretty Great Year For Banks

The Huffington Post | Alexander Eichler | Posted 03.08.2012 | Business

By almost any measure, 2011 was a rocky year -- high unemployment, volatile markets, rising poverty, protests in the streets. Thankfully, the banks ma...

BofA Tired Of Fannie Mae, Stops Selling Some Mortgages To Them

Reuters | Posted 04.25.2012 | Business

* BofA cites Fannie Mae repurchase claims * Bank still selling loans to Freddie Mac * BofA freezing pension plan June 30...

Bank Of America Told Fed It Could Sell Branches In Emergency

Reuters | Posted 03.14.2012 | Business

(Adds details on Fed plan from source, background) Jan 13 (Rick Rothacker, Reuters) - Bank of America Corp told Federal Reserve off...

Cordray Dialing CEOs Of Major Banks To Win Support

Reuters | Posted 03.14.2012 | Business

* Top bankers among scores of introductory calls * Says protecting consumers and supporting honest businesses * Tells re...

Government Seeks To Recompense Victims Of Countrywide

The Huffington Post | Bonnie Kavoussi | Posted 12.27.2011 | Business

The government would like to repay more than 200,000 minority borrowers who allegedly paid unfairly high interest rates and fees on mortgages, but fir...

Why Jamie Dimon Just Doesn't Get It

Robert Greenwald | Posted 02.20.2012 | Politics
Robert Greenwald

Jamie Dimon, the infamous CEO of JPMorgan Chase, is back to doing what he does best: defending the bankers of the 1% against the petulant 99%.

Most Embarrassing CEO Quotes Of 2011

The Huffington Post | Harry Bradford | Posted 12.20.2011 | Business

What with Occupy Wall Street and all, CEOs may be under even more scrutiny than usual this year. So it's fitting that there's been no shortage of nota...

Brian Moynihan Should Cut Ties With Payday Lenders

George Goehl | Posted 02.07.2012 | Business
George Goehl

If any bank represents the need to have a regulator in place that protects people on consumer financial issues, it's Bank of America. America's bank has become a symbol for all that is wrong with the financial sector.

The Greatest Hoax in the History of Money: The Fed, The Banks, and All Those Lies

Richard (RJ) Eskow | Posted 01.31.2012 | Business
Richard (RJ) Eskow

You can believe in the free market, or you can believe in today's Wall Street. But you can't do both.

What BofA Learned From The Debit Fee Debacle

Posted 11.15.2011 | Business

(Rick Rothacker) - Bank of America Corp learned a lesson from its abandoned debit card fee and will work to provide transparency and fair pricing to c...

Jason Linkins

Bank Of America CEO 'Incensed' That So Many People Keep Pointing Out How Awful His Bank Is | Jason Linkins | Posted 12.26.2011 | Politics

I'm sure you remember where you were when you heard that Bank Of America announced that after receiving taxpayer bailouts, it was going to institute a $5 monthly fee for the privilege of using your debit card. "Well, that's exactly why I saved Bank Of America in 2008," you probably said, because you are a Good American. "I look forward to my new negative-interest checking account," you probably added. Well, apparently you Good Americans are in short supply, because according to Bloomberg News this morning, BofA Chief Executive Officer Brian T. Moynihan has been inundated by a bunch of Negative Nancies, and the experience has left him feeling "incensed."

BofA CEO 'Incensed' People Don't Recognize 'How Much Good' His Employees Do

The Huffington Post | Jillian Berman | Posted 12.26.2011 | Business

Bank of America CEO Bryan Moynihan says the public needs to start thinking before they criticize his company. "I, like you, get a little incensed ...

Vast Majority Of Shareholders OK With CEO Pay Rates

The Huffington Post | Harry Bradford | Posted 12.24.2011 | Business

Despite growing income inequality, and global protests criticizing the wealth gap, CEO compensation now exceeds pre-recession levels, totaling billion...

Bank Fees, the N-word, and Steve Jobs

David McMillan | Posted 12.13.2011 | Black Voices
David McMillan

News in Color contributor Hazel Jones shares her thoughts about Bank of America's recent fee increases, Sarah Palin's decision not to run for President, the n-word controversy on The View, and the untimely passing of Steve Jobs.

BofA CEO: We Have A 'Right To Make A Profit'

Posted 12.06.2011 | Business

Bank of America CEO Brian Moynihan has said his bank’s new $5 fee debit card fee is justified because the bank “has a right to make a profit,” a...

Countrywide Covered Up Massive Fraud, Former Employees Say

iWatch News | Posted 11.22.2011 | Business

In the summer of 2007, a team of corporate investigators sifted through mounds of paper pulled from shred bins at Countrywide Financial Corp. mortgage...

BofA Cuts Investment Bankers In Industrials Group

Posted 11.21.2011 | Business

Bank of America Corp (BAC.N) dismissed 13 investment bankers in its industrials group and may cut more, Bloomberg reported on Tuesday, citing two peop...

William Alden

Bank of America Job Cuts Won't Help Where It Counts, Experts Say | William Alden | Posted 11.13.2011 | Business

NEW YORK -- Bank of America's announcement that it plans to shed 30,000 jobs doesn't address the bank's most pressing concerns, experts said Monday. ...

Why The Rest Of America Can't Invest Like Buffett

Slate | Bethany McLean | Posted 10.31.2011 | Business

It's not even a week old, and Warren Buffett's deal to invest $5 billion of Berkshire Hathaway's money in Bank of America has already been dissected, ...

Who Is The Best Person To Run Bank Of America?

Charles Gasparino | Posted 10.30.2011 | Business
Charles Gasparino

If the saga of Bank of America, the country's largest and most troubled bank, were to be made into a movie, its title would have to be "The Dumbest Men in the Room," starring its half-witted chief executive officer and board of directors.

Seniors Face Foreclosure After Making Mortgage Payment Too Early

The Huffington Post | Harry Bradford | Posted 10.22.2011 | Business

A senior couple in Pasco County, Florida is facing the prospect of foreclosure. But the reason doesn't have to do with missed mortgage payments. This ...

JPMorgan Close To Overtaking BofA As Biggest U.S. Bank

Posted 09.06.2011 | Business

NEW YORK (David Henry) - JPMorgan Chase & Co is close to vaulting past Bank of America Corp to become the biggest bank in the United States, but it wi...

Bank Of America's Mortgage Business 'Struggling Mightily,' CEO Says

Posted 07.11.2011 | Business

CHARLOTTE, North Carolina (Joe Rauch) - Bank of America Corp (BAC.N) is working to improve profits by reducing its number of problem mortgages and cut...

BofA Betting Billions That The Real Estate Market Will Rebound

Bloomberg | Hugh Son | Posted 07.10.2011 | Business

At Bank of America Corp. (BAC), where the company's home-price forecasts have proved too good to be true, billions of dollars of new losses are at sta...

BofA Spinning Off $5B Private Equity Fund

Posted 06.20.2011 | Business

CHARLOTTE, North Carolina (Reuters) - Bank of America Corp plans to spin off its last large private equity fund, with more than $5 billion in assets, ...