Bank of america Stories
Bank of America Considers Checking Account Fee Revamp: Report
Bank of America Corp. is planning to introduce a monthly fee for its customers holding checking accounts unless they agree to bank online, buy more products or maintain certain balances, the Wall Street Journal said.
Fannie Mae and Bank of America's Bad Romance; Mortgage Meltdown Killed Relationship
Like scorned lovers, Bank of America (NYSE:BAC) and Fannie Mae, the government-controlled mortgage giant, are having a very public falling out.
Dow At 13,000, S&P Breaks 1,370: Will It Last?
The Dow Jones Industrial Average crossed 13,000 at Tuesday's market close, while the S&P 500 rose above 1,370, but a bullish psychological impact could actually drag down the market in days to come.
Green Mountain Coffee Roasters Inc.: Brewing a Growth Story
Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR), the maker of Keurig single-serve brewers and capsules, claimed the No. 45 spot on the IBTimes 1000 list by catering to consumers' needs while operating on a high-margin business model.
Bank of America Scores Key Court Ruling in Resolving Countrywide Mortgage Mess
Bank of America had attempted to get an $8.5 billion settlement over bad Countrywide mortgage-backed securities approved in New York state court over the objection of some angry investors.
Smaller Caps Seen Doing Better This Earnings Season
Perhaps familiarity does breed contempt. The biggest U.S. companies have often failed to meet forecasts this earnings season, while their smaller counterparts have delivered.
Buffett Adds to Bullish U.S. Economic Recovery Signals
Anyone looking for more evidence of a strengthening U.S. economic recovery needs only to consider conglomerate Berkshire Hathaway, where businesses ranging from railroads and electric utilities to furniture and candy stores are racking up record profits.
BofA Stops Selling Mortgages to Fannie Mae; Rivals not Following
Bank of America Corp appears to be going it alone in not selling mortgage loans to Fannie Mae, a move that, while sending an angry signal to the nation's largest mortgage-buyer, could force the bank to charge less attractive mortgage rates.
BofA mortgage move not likely to have big consumer impact
Bank of America Corp appears to be going it alone in not selling mortgage loans to Fannie Mae, a move that, while sending an angry signal to the nation's largest mortgage-buyer, could force the bank to charge less attractive mortgage rates.
January Business Borrowing up from Year Ago
Borrowing by U.S. companies to buy equipment jumped in January from a year ago, though it slid from December's rush to close loans before year-end, and credit quality improved to pre-recession levels, the Equipment Leasing and Finance Association said on Friday.
'Save Our Seas' Plea Issued by World Bank
The World Bank announced on Friday a global alliance to better manage and protect the world's oceans, which are under threat from over-fishing, pollution and climate change.
World Bank Issues SOS for Oceans, Backs Alliance
The World Bank announced on Friday a global alliance to better manage and protect the world's oceans, which are under threat from over-fishing, pollution and climate change.
Citigroup Exits India’s HDFC, Pockets $1.9 Billion
Citigroup Inc. (NYSE: C) raised $1.9 billion, a much-needed piece of capital, from the sale of its entire stake in Indian's giant mortgage lender Housing Development Finance Corp.
Citi Sells Stake in India's HDFC for $1.9 Bln
Citigroup sold its stake in Housing Development Finance Corp (HDFC) for $1.9 billion, as global banks focus on shoring up their balance sheets to meet stricter capital requirements.
Bank of America Halts Selling New Mortgages to Fannie Mae
The Bank of America Thursday said that it would no longer provide new mortgages to Fannie Mae following the escalation of disagreement over who should be bearing the cost for defective mortgages.
Lloyds Bank Set to Post Annual Loss of £4 Bn
Lloyds will bear brunt of writedowns and restructuring costs, as it sells non-core businesses and cuts thousands of jobs.
Nikkei Breaks 9,600 to 6-1/2-Month High
Japan's Nikkei share average extended its rally and rose to a 6-1/2-month high on Friday above 9,600, heading for its best February performance in two decades.
Bank of America Stock Value: $30 or Zero?
Some people think the value of Bank of America (NYSE:BAC) stocks is zero. Others think it is as high as $30.
RBS to Dole Out £400 million In Bonuses Despite Full Year Loss Forecast
The move is expected to increase anger that the bank is still paying large salaries while thousands, including more than 30,000 layoffs at the bank in the last three years, lose their jobs in a weakening global economy.
Analysis: Goldman's Top Brass Gun for Cash Bonuses
While Wall Street slashes pay and freezes cash awards, Goldman Sachs Group's top five executives may reap special bonuses of $10.5 million apiece if the firm hits historically easy profit targets over the next two years.
Home Resales at 1-1/2 Year High as Supply Falls
U.S. home resales rose to a 1-1/2 year high in January, pushing the supply of properties on the market to the lowest level in almost seven years in a hopeful sign for the housing sector.
Exclusive: Palo Alto Networks, Other Tech Firms Plan IPOs
A series of technology companies, including security software maker Palo Alto Networks, are preparing to go public on the heels of Facebook's $5-billion filing, sensing a window of opportunity as the stock market rallies.
S&P Fails to Break Key Level; Euro Zone Data Weighs
U.S. stocks fell on Wednesday with the S&P 500 stalled near a 10-month-old high after weak data on Europe's business activity raised concerns about a recession.
Netflix Shares Tumble on Comcast Streaming Announcement
Shares of Los Gatos, Calif.-based Netflix were down more than 4 percent Wednesday following a day earlier announcement that Comcast was jumping into the online streaming foray.
Merrill raises bid for rivals' top brokers: sources
Bank of America's Merrill Lynch has launched a more aggressive recruiting campaign for top-tier brokers, including a bonus paid for transferring client assets after six months at the firm, two sources familiar with the new plan said Tuesday.
Equity Residential Hikes Potential Bid for Archstone Stake to $1.48B
Real estate mogul Sam Zell's Equity Residential (NYSE:EQR) has raised its minimum bid for a 26.5 percent stake in the long-running battle for control of Archstone, owner of more than 70,000 U.S. apartment units. Earlier this week, the minimum bid was raised to $1.48 billion from $1.32 billion by Bank of America Corp. and Barclays Plc, which own the minority stake in the company. The banks also extended the deadline for Equity's option to buy the stake to April 19 from Feb. 19.
Goldman Sachs, Advent to Buy TransUnion for Over $3 Billion
TransUnion Corp., the third largest provider of credit information to banks and consumers, said Advent International Corp. and Goldman Sachs Group Inc.'s private equity arm agreed to buy the company from Chicago's billionaire Pritzker family and local private equity firm Madison Dearborn Partners LLC for over $3 billion.
Gasoline Prices Hit Record Seasonal High, Could Touch $4.25 by April
Gas prices in the U.S. have gone past $3.50 a gallon, the highest price this time of the year, ticking panic among people who have begun to see the price rises as oppressive.
World Bank President? White House Holding Tongue
Now that President Barack Obama must nominate a new President of the World Bank, he’s keeping his mouth shut, especially in an election year.
U.S. Stocks Gain After Jobs, Housing Reports
The Dow Jones Industrial Average rose 0.76 percent to 12,884.75 by early afternoon trading, while the Nasdaq rose 1.01 percent to 2,945.17. The S&P 500 rose 0.83 percent to 1,354.37.


