Posted by Reuters: Business News on February 6, 2012
(Reuters) – Investors suing Bank of America Corp won class-action status for their lawsuit accusing the bank of fraudulently misleading them about the 2008 takeover of Merrill Lynch & Co and the size of Merrill’s losses and bonus payouts.
Posted by Reuters: Business News on January 29, 2012
(Reuters) – Bank of America Corp is shaking up the leadership of its investment bank as it looks to find its footing in a difficult market environment.
Posted by Reuters: Business News on January 19, 2012
(Reuters) – Signs of improvement in the economy and gains from asset sales helped Bank of America Corp post a quarterly profit, sending its shares higher on Thursday, but the second-largest U.S. bank still needs more capital and with little left to sell, it is becoming creative.
Posted by Reuters: Business News on
(Reuters) – Bank of America Corp reported a fourth-quarter profit, reversing a year-earlier loss, boosted by one-time items and lower expenses for bad loans.
Posted by Reuters: Business News on January 11, 2012
NEW YORK (Reuters) – The New York state’s financial regulator is probing several large banks, including Bank of America Corp and Citigroup Inc, on whether they overcharged customers on force-place insurance, a source familiar with the matter said.
Posted by Reuters: Business News on December 26, 2011
(Reuters) – Bank of America Corp is lagging behind its major U.S. competitors in complying with new capital rules, leading the bank to consider even more asset sales, sources said.
Posted by Reuters: Business News on December 21, 2011
WASHINGTON (Reuters) – Bank of America Corp’s Countrywide Financial unit agreed on Wednesday to pay a record $335 million to settle civil charges that it discriminated against minority homebuyers, an historic settlement for the Obama administration in the wake of the subprime mortgage morass.
Posted by Reuters: Business News on
WASHINGTON (Reuters) – Bank of America Corp’s Countrywide Financial unit agreed on Wednesday to pay a record $335 million to settle civil charges that it discriminated against minority homebuyers, a historic settlement for the Obama administration in the wake of the subprime mortgage morass.
Posted by Reuters: Business News on December 20, 2011
(Reuters) – Bank of America Corp shares closed below $5 on Monday for the first time since March 2009 amid continued concern about its need to build capital.
Posted by Reuters: Business News on December 19, 2011
NEW YORK (Reuters) – Shares of Bank of America Corp traded below $5 on Monday for the first time since the depths of the bear market in March 2009.
