Bank of america Stories
Cordray Says Politics Won't Distract Him from Job
In his first full day as chief of the Consumer Financial Protection Bureau, Richard Cordray sought to lower the political heat around the agency, saying it would earnestly get to work targeting all the bad actors in the lending industry.
Bank of America Shares Surge Past $6
Bank of America Corp shares surged more than 7 percent on Thursday, outpacing other U.S. banks on a day of positive job news.
Bank Shares Rally to Lead Wall Street Higher
Stocks rose on Thursday led by bank shares as investors bet a stronger economy will help boost balance sheets of U.S. based lenders.
Bank of America Wouldn't Deposit New Bride's Checks Because She Kept Maiden Name
Red tape at Bank of America prevented a new bride from depositing checks from her wedding because many of her guests didn't realize she was keeping her last name.
Eurozone Funding Fears Hang over Stocks, Currency
Concern about the appetite for Eurozone sovereign debt pushed European stocks lower and hit the single currency on Thursday, with the first French bond auction of 2012 set to test how much progress policymakers have made in easing tensions.
Richard Cordray's Attorney General Days Lay Foundation for CFPB
Richard Cordray's short time as Ohio's attorney general earned him national recognition as a Wall Street watchdog.
Bank of America Loses Ruling in Mortgage Suit Against Countrywide
Bank of America Corp. (NYSE:BAC) lost a key ruling against MBIA Inc. (NYSE:MBI), which granted the latter company court permission to pursue further legal action against Bank of America, Bloomberg reported Tuesday.
U.S. Stocks Will Fall 8.6% This Year: Morgan Stanley
An analysis released Tuesday by Morgan Stanley analyst Adam Parker suggesting U.S. equities will finish the year more than 8 percent lower than where they began is making those who follow the American stock market nervous. And for good reasons.
Iowa Caucus Still Volatile: Top Republican Candidates' Chances of Winning
There are only hours left for Iowans to choose their Republican presidential nominee. The top two candidates seem set for a dead heat finish, while a third is trying to make the best use of a last minute and surprising surge forward in polls.
Where is Oil Price Heading in 2012?
Crude prices started their jolly ride to the top in February last year when simmering discontent in the Middle East erupted into several violent anti-government protests.
Building New York: de Portzamparc's One57 Towers over the City
French architect Christian de Portzamparc's One57 is set to become the tallest residential building in New York -- and the United States.
Stratfor Hackers Publish Email, Password Data Online
Hackers affiliated with the Anonymous group published hundreds of thousands of email addresses belonging to subscribers of private intelligence-analysis firm Strategic Forecasting Inc., along with thousands of customer credit-card numbers.
Verizon Cracks Under Pressure: Cancels $2 Convenience Fee
Lest you fear Verizon has gone mad with power by trying to charge people $2 for paying their bills online, take heart because the Interwebz have spoken. Less than 24 hours after news got around that Verizon was going to institute the convenience fee in January, the company has retracted the fee.
Verizon Drops $2 Fee Plan after Customer Backlash
Only a day after announcing it would impose a $2 fee for one-time online and telephone bill payments, Verizon Wireless on Friday scrapped the plan because of consumer backlash.
Verizon Wireless Backtracks on $2 Fee Deal; Shares Rise
Shares of Verizon Communications, majority owner of Verizon Wireless, rose after the company squelched a day-old plan to charge customers a $2 “convenience fee” to pay their bills.
Wall St near flat; S&P on track to end in black
Stocks were nearly unchanged on Friday, the last trading day of a turbulent year, but the S&P 500 looked set to end with a slight gain.
Georgia Couple Uses Music Video to Shame Bank of America into Closing on Mortgage Loan [VIDEO]
Ken and Meredith Williams produced a satiric YouTube video warning Bank of America, "Don't let anybody tell you you're too big to fail, cause you belong in jail."
Verizon Wireless $2 Convenience Fee Charge Stirs Controversy
Verizon Wireless, the nation's largest wireless service carrier, will charge $2 “convenience fee” to its customers, who pay one-time bill online or by telephone, starting from Jan. 15.
Verizon Charging $2 ‘Convenience Fee,’ Customers Outraged [POLL]
Verizon Wireless will be charging customers a $2 “convenience fee” for single bill payments made online or over the telephone.
Oh No They Didn't! Top 10 CEO Snafus of 2011
They can make in a month what the average worker earns in a lifetime. Many go about in private jets, employ multiple secretaries and glad-hand dignitaries and world leaders. Perched at the top of major corporations around the world, the chief executive officer blazes trails, inspires awe and commands attention. But under such immense scrutiny, when the CEO slips, the rest of the world takes notice.
2011's 10 Most Important People in World Politics
A list of the ten most important people in world politics from the past year.
Hackers Say They'll Publish E-Mails Stolen from Stratfor
Hackers affiliated with the Anonymous group said they are getting ready to publish emails stolen from private intelligence analysis firm Strategic Forecasting Inc, whose clients include the U.S. military, Wall Street banks and other corporations.
Appeals court to review BofA $8.5 billion MBS pact
A U.S. appeals court agreed to resolve a dispute among institutional investors over whether Bank of America Corp's $8.5 billion mortgage debt settlement should be sent back to a New York state court for approval.
Court Grants Appeal of BofA $8.5 Billion MBS Accord
An appeals court on Tuesday granted an appeal of a controversial ruling that moved consideration of Bank of America Corp's $8.5 billion settlement over mortgage debt to federal court.
Asia Markets Close Higher Friday on Improving U.S. Economic Data
Asia'a markets rose more than 1 percent and U.S. index futures also gained on Friday, as signs of a strengthening economy in the United States encouraged a year-end bounce for riskier assets.
Top After Market NYSE Gainers (GRR, EXH, INT, BAC, ODP, WPX, MNI, ES, NRGM )
The top aftermarket NYSE gainers Thursday were: Asia Tigers Fund, Exterran Holdings, World Fuel Services, Bank of America, Office Depot, WPX Energy, McClatchy, EnergySolutions and Inergy Midstream.
Paulson funds down again in December: source
There will be no holiday cheer for hedge fund manager John Paulson this month, as his dismal performance in 2011 is capped off by another miserable performance so far in December.
California attorney general sues Fannie, Freddie
California Attorney General Kamala Harris sued Fannie Mae and Freddie Mac on Tuesday in an effort to expand her probe into the companies' mortgage foreclosure practices.
BofA's Countrywide to pay $335 million over bias case
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.
BofA Reaches $335 Million Deal Settling Discriminatory Lending Suit
Bank of America stressed that only Countrywide's practices are at issue in Wednesday's announcement of a settlement for discriminatory mortgage lending practices.