Bank of America Corp

Banks Finding Opportunity In Postal Service Woes

Reuters | Posted 03.29.2012

Read More: JPMorgan Chase, Checks, Video, U.S. Postal Service, Citigroup Inc, First Class Mail, Post Office, Revenue, Wells Fargo, Reuters, President Obama, Banks, Electronic Payments, Service Cuts, Aite Group, Bank of America Corp, Business News

* Banks see an opening in calls to end Saturday deliveries * Chance of slower mail argues for electronic payments * Bank...

Read Whole Story

Big Banks To Pay Millions In Settlement With NY Over Mortgage Practices

Reuters | Posted 05.13.2012

Read More: JPMorgan Chase, Video, Mortgage Electronic Registration System, Citigroup Inc, New York State Attorney General Eric Schneiderman, Wells Fargo, Settlement, President Barack Obama, Reuters, Ally Financial, Mers, Foreclosure, Bank of America Corp, Business News

* JPM, BofA and Wells Fargo partially settle NY lawsuit * Citi, Ally Financial also part of $25 mln deal * Banks did not...

Read Whole Story

New York AG Takes A Strike At Major U.S. Banks

HuffingtonPost.com | Loren Berlin | Posted 04.04.2012

Read More: JPMorgan Chase, Video, Wells Fargo Co, Mortgage Electronic Registration Systems, Eric Schneiderman, Reuters, Mortgage Crisis, Mortgage Fraud, Mers, New York Attorney General Eric Schneiderman, Bank of America Corp, Business News

Three big banks were hit on Friday with yet another lawsuit related to wrongful foreclosures. Democratic New York Attorney General Eric Schneiderman f...

Read Whole Story

BofA Arm Loses Big In Customer Lawsuit

Reuters | Posted 04.02.2012

Read More: U.S. Securities and Exchange Commission, Merrill Lynch, Consumer Fraud, Debt, Cdos, Video, Financial Industry Regulatory Authority, Securities, Loans, Reuters, Bank of America Corp, Business News

(Adds details) By Suzanne Barlyn Feb 1 - Bank of America Corp's Merrill Lynch unit must pay nearly $1.4 million in dama...

Read Whole Story

GE Ordered To Defend Lawsuit Alleging It Misled Investors During Crisis

Reuters | Posted 03.13.2012

Read More: General Electric, Debt, Stock Price, Citigroup Inc, Goldman Sachs Group Inc, Jeff Immelt, Berkshire Hathaway, Video, Morgan Stanley, Bailout, Reuters, Loans, Financial Crisis, JPMorgan Chase & Co, Bank of America Corp, Deutsche Bank AG, Ge, Business News

(Adds details from lawsuit, background, bylines) * GE accused of overstating health during financial crisis * Judge allo...

Read Whole Story

Firm That Extracted Billions From BofA Sets Its Sights On JPMorgan

Posted 12.16.2011

Read More: Video, Washington Mutual, Countrywide, Securities, Housing Boom, Chase, Mortgage Backed Securities, JPMorgan Chase & Co, Spotlight Advisors LLC, Gibbs & Burns LP, Bank of America Corp, New York Stock Exchange, Pension Funds, Business News

A law firm that led mortgage bondholders to extract a $8.5 billion settlement from Bank of America Corp is turning its sights on JPMorgan Chase & ...

Read Whole Story

After AG Lawsuit, Lender To Stop Buying New Mortgages In Massachusetts

AP | By EILEEN AJ CONNELLY | Posted 12.02.2011

Read More: Citigroup Inc., Foreclosure Crisis, Video, Inc, Bank of America Corp., Mortgage Electronic Registration System, Foreclosure, JPMorgan Chase & Co., Wells Fargo & Co., Ally Financial Inc., General Motors Acceptance Corp., Gmac, Housing Crisis, Attorney General Martha Coakley, Housing Bubble, Business News

NEW YORK -- One day after it was among five major banks sued by Massachusetts over deceptive foreclosure practices, GMAC Mortgage said Friday that it ...

Read Whole Story

What BofA Learned From The Debit Fee Debacle

Posted 11.15.2011

Read More: Direct Deposit, Brian Moynihan, Video, China Construction Bank Corp, Regulations, Private-Equity Investment, Bank of America Corp, Debit Card Fees, Bank of America Merrill Lynch Banking and Financial Services Conference, Business News

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

Read Whole Story

BofA Likely To Alter Rules For Debit Card Fees After Criticism

Posted 12.28.2011

Read More: Video, Revenue, Paychecks, JPMorgan Chase & Co, Credit Cards, Bank of America Corp, Debit Card Fee, Wells Fargo & Co, Business News

(Rick Rothacker) - Bank of America Corp, after receiving heavy public criticism for a planned $5 per-month debit card fee, is likely to give custo...

Read Whole Story

Despite Consumer Outrage, Bank Fees May Be Here To Stay

AP | By PALLAVI GOGOI | Posted 12.19.2011

Read More: Citi, Interest Rates, NAB Research, Video, Consumers Union, Regions Financial Corp., Bank of America Corp., Bank Fees, Anti-Wall Street Protestors, President Barack Obama, SunTrust Banks Inc., JPMorgan Chase & Co., Wells Fargo & Co., Business News

NEW YORK -- Higher bank fees are here to stay. The latest third-quarter earnings reports from this week confirm that banks are struggling to make mon...

Read Whole Story

BofA Shares Drop To Lowest Level In More Than Two Years

Posted 12.03.2011

Read More: European Debt Crisis, Morgan Stanley, Citigroup Inc, Albion Financial Group, KBW Bank Index, Economic Recovery, Jason Goldberg, Goldman Sachs Group Inc, Bank of America Corp, Business News

Bank of America Corp shares fell nearly 8 percent to their lowest level since March 2009 as investors worried that a slowing domestic economy and ...

Read Whole Story

Moody's Downgrades BofA's Debt Rating

Posted 11.21.2011

Read More: Citigroup Inc, Credit Downgrade, Lender, Reuters, Credit Rating Agencies, Bofa, Credit Rating, Bank of America Corp, Wells Fargo & Coforeclosure Crisis, Moody's, Business News

Moody's Corp on Wednesday cut the debt ratings of Bank of America Corp, Wells Fargo & Co and Citigroup Inc, three of the largest U.S. banks, on w...

Read Whole Story

Bank Of America Sued Over Countrywide Mortgage Pool

Posted 10.30.2011

Read More: Freddie Mac, Fdic, Countrywide Financial Corp, Loans, Mortgage Crisis, Fannie Mae, Foreclosure, Assured Guaranty Ltd., HarborView Mortgage Loan Trust, Mortgage Default, Bank of America Corp, US Bancorp, Video, Business News

(Jonathan Stempel and Joe Rauch) - Bank of America Corp was sued by the trustee of a $1.75 billion mortgage pool, which seeks to force the bank to...

Read Whole Story

Bank Of America To Ax 3,500 Jobs By September

AP | CHRISTINA REXRODE | Posted 10.18.2011

Read More: Bank of America, Bank of America Layoffs, Bank of America Workforce, Bank of America Corp, Bank of America Jobs, Video, Business News

NEW YORK — Bank of America Corp. is cutting 3,500 jobs, the latest sign that the banking industry is becoming smaller, simpler and less profitab...

Read Whole Story

Goldman Plans 1,000 Layoffs

Posted 09.18.2011

Read More: Earnings, Gary Goldberg Financial Services, Layoffs, Chief Financial Officer David Viniar, Investment Banks, Goldman Sachs, Morgan Stanley, Wall Street, Revenue, JPMorgan Chase & Co, Economic Recovery, GMG Defensive Beta Fund, Ficc, Bank of America Corp, Industrial and Commercial Bank of China Ltd, Citigroup, Business News

NEW YORK (Lauren Tara LaCapra and Knut Engelmann) - Goldman Sachs' anemic second-quarter results on Tuesday rattled investors and cast a pall on i...

Read Whole Story

Credit Card Issuers Can Increase Security With Simple Steps: Study

EILEEN AJ CONNELLY | Posted 08.29.2011

Read More: Fraud, American Express, JPMorgan Chase, Bank of America Corp., Social Security, Anti-Virus Software, Credit Card Fraud, Citibank, Javelin Strategy & Research, Spear Phishing, Credit Cards, Hackers, Video, Business News

NEW YORK (AP) — Credit card companies could make customers' accounts and identities more secure with a few simple steps. That's what consulting f...

Read Whole Story

Big Banks Lose Battle Against Small Stock Research Site

Posted 08.20.2011

Read More: Federal Appeals Court, Merrill Lynch, Barclays Plc, 2nd u.s. Circuit Court of Appeals, Morgan Stanley, New York State Law, Wall Street Banks, Stock Research, Online News, Bank of America Corp, UCLA School of Law, Theflyonthewall.com Inc, Video, Business News

NEW YORK (Jonathan Stempel) - A federal appeals court handed a major defeat to Wall Street banks by ruling that an online news service did not mis...

Read Whole Story

More Examiners Will Now Work At Companies They Regulate

Wall Street Journal | AARON LUCCHETTI | Posted 08.20.2011

Read More: Credit Suisse Group AG, Citigroup Inc., Goldman Sachs Group Inc., Barclays Plc, Embeds, Morgan Stanley, Bank of America Corp., J.P. Morgan Chase & Co., Office of the Comptroller of the Currency, Lloyd C. Blankfein, Wall Street Banks, Regulators, Bank of New York Mellon Corp., Federal Reserve Bank of New York, Deutsche Bank AG, UBS AG, Business News

As part of a push to prevent another financial crisis, the Federal Reserve Bank of New York and the Office of the Comptroller of the Currency are incr...

Read Whole Story

Marijuana Dispensaries Struggle To Obtain Service From Banks

Posted 08.17.2011

Read More: Credit-Card Companies, U.S. Bank, Federal Authorities, Alpine Herbal Wellness, U.S. Drug Enforcement Administration, District of Columbia, Aids, Marijuana Dispensaries, Banks, Multiple Sclerosis, Cancer, Norml, Dea, Legalize Marijuana, Bank of America Corp, See Change Strategy, Business News

ST. LOUIS, June 17 (Thomson Reuters Accelus) - Marijuana dispensaries in states that have legalized medical pot are struggling to obtain service f...

Read Whole Story

Earnings Season Kicks Off

Posted 06.11.2011

Read More: Bank of America Corp., Nyse, Dow Jones, Japan Earthquake, Corporate Profits, Wall Street, President Barack Obama, JPMorgan Chase & Co, Market Analysis, Google Inc, S&P 500, Business News

NEW YORK (Chuck Mikolajczak) - Investors will look to corporate profits and outlooks this week for confirmation the S&P 500 has another leg to its...

Read Whole Story

Three More: Now Half Of Bank Of America's Directors Have Quit

McClatchy | Christina Rexrode | Posted 05.25.2011

Read More: William Barnet, Economic Downturn, John Collins, Bank of America Corp., Bank of America, Econimic Crash, Ken Lewis, Goverment Regulators, The Fed, Stimulus, Gary Countryman, U.S. Economy, Recession, Business News

The shake-up in Bank of America Corp.'s boardroom, apparently orchestrated by the hand of government regulators, continued Friday evening, when the ba...

Read Whole Story