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Bank of America Corp

BofA Faces Probe Over Federal Housing Program

Reuters | Posted 02.25.2014 | Business

(Reuters) - Bank of America Corp said on Tuesday that federal investigators are looking into whether the bank violated certain requirements of a gover...

Profits SOAR

AP | CHRISTINA REXRODE | Posted 09.16.2013 | Business

NEW YORK — Bank of America said Wednesday that its second-quarter profits soared, welcome news at a bank where recent quarters have often been w...

Bank Chief Gets Huge Pay Raise

Reuters | Posted 02.20.2013 | Business

By Rick Rothacker (Reuters) - Bank of America Corp's CEO Brian Moynihan was awarded a 73 percent pay increase in 2012, when the institution resolv...

Banks Finding Opportunity In Postal Service Woes

Reuters | Posted 05.28.2012 | Business

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

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

Reuters | Posted 05.13.2012 | Business

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

Loren Berlin

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

HuffingtonPost.com | Loren Berlin | Posted 04.04.2012 | Business

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

BofA Arm Loses Big In Customer Lawsuit

Reuters | Posted 04.02.2012 | Business

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

GE Ordered To Defend Lawsuit Alleging It Misled Investors During Crisis

Reuters | Posted 03.13.2012 | Business

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

Firm That Extracted Billions From BofA Sets Its Sights On JPMorgan

Posted 12.16.2011 | Business

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 & ...

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

AP | By EILEEN AJ CONNELLY | Posted 12.02.2011 | Business

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

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 ...

BofA Likely To Alter Rules For Debit Card Fees After Criticism

Posted 12.28.2011 | Business

(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...

Despite Consumer Outrage, Bank Fees May Be Here To Stay

AP | By PALLAVI GOGOI | Posted 12.19.2011 | Business

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...

BofA Shares Drop To Lowest Level In More Than Two Years

Posted 12.03.2011 | Business

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 ...

Moody's Downgrades BofA's Debt Rating

Posted 11.21.2011 | Business

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...

Bank Of America Sued Over Countrywide Mortgage Pool

Posted 10.30.2011 | Business

(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...

Bank Of America To Ax 3,500 Jobs By September

AP | CHRISTINA REXRODE | Posted 10.18.2011 | Business

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...

Goldman Plans 1,000 Layoffs

Posted 09.18.2011 | Business

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

Credit Card Issuers Can Increase Security With Simple Steps: Study

EILEEN AJ CONNELLY | Posted 08.29.2011 | Business

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

Big Banks Lose Battle Against Small Stock Research Site

Posted 08.20.2011 | Business

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...

More Examiners Will Now Work At Companies They Regulate

Wall Street Journal | AARON LUCCHETTI | Posted 08.20.2011 | Business

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...

Marijuana Dispensaries Struggle To Obtain Service From Banks

Posted 08.17.2011 | Business

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

Earnings Season Kicks Off

Posted 06.11.2011 | Business

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...

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

McClatchy | Christina Rexrode | Posted 05.25.2011 | Business

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