Bank of america Stories
The Bank of Technology: Top 10 Leaders have $300 Billion in Cash, Investments
Forget about the quarterly earnings. Just look at what’s in their treasuries. An IBTimes compilation of 10 of the top technology leaders determined they are sitting on a record $301.3 billion in cash and investments.
One bank fee may be going away, but many others lurk
Sure, Bank of America -- under much public pressure -- dropped its plan to charge customers $5 a month for the privilege of using their debit cards. Does that mean consumers have won the battle against bank fees?
Corzine's Fall From Grace Leaves Obama With Even Less Bridges to Wall Street
The fall of Jon Corzine, a prominent figure with a toehold in the worlds of both finance and politics, is not only an issue for himself, but for one of the men who likely sought his advice and support on a regular basis, President Barack Obama. Perhaps more importantly, it follows a trend that has dogged the president since 2010, as, due to a variety of causes, many of the people close to Wall Street he had previously sought out have later found themselves uninvited to tea in the Rose Garden.
Bank Transfer Day on Nov. 5 Looms High
Bank Transfer Day Nov 5 is tomorrow, and as people across America are preparing to stick it to their financial institutions, bank stocks are taking a huge hit and credit unions are seeing a major boon.
Brookfield Reports Record Leasing Activity, Raises Forecast
Brookfield Office Properties, the landlord with holdings in America, Canada and Australia, including the now infamous Zuccotti Park, reported 8.2 million square feet of leasing activity following the third quarter, surpassing its record leasing levels in pre-recession 2007.
'Wall Street Artist Sets Sights on Corzine
Artist Geoffrey Raymond, famous for his paintings of troubled Wall Street figures, has found his next muse in MF Global Holdings Ltd's Jon Corzine.
Analysis: Beijing Risks Public Backlash if it Rescues Europe
China's people have a clear message for their government -- don't even think of saving Europe.
Occupy Protesters Shut Down Port of Oakland
Protesters shut down operations at Oakland's port and blocked traffic Wednesday in demonstrations against economic inequality and police brutality that were marred by scattered vandalism.
BofA Employees Flood Bank's Rivals With Resumes
Bank of America Corp. employees are flooding rival companies with resumes as a major cost-cutting program gets under way at the second-largest U.S. bank
Bank of America Debit Card Decision Means Little to Some Customers
Although Bank of America will drop its $5 monthly fee on debit card use that was expected to begin next year, some people have called the move a day late and a dollar short.
Allied Home Mortgage Sued for Fraud, Latest in Federal Claims
Prosecutors have filed a lawsuit against Allied Home Mortgage Capital Corp and its executives, Jim Hodge and Jeanne Stell, claiming that the company misled the federal Department of Housing and Urban Development (HUD) with bad mortgages.
Four Million U.S. Foreclosures Eligible For Review: Federal Regulators
Mortgage borrowers with homes that were foreclosed on between 2009 to 2010 will have a chance for an independent review, the Treasury Department's Office of the Comptroller of the Currency (OCC) announced on Tuesday.
Bank of America Dropping $5 Monthly Debit Fee in Response to Customer Backlash
Bank of America will drop its $5 monthly fee on debit card use that was expected to begin next year.
Bank of America Drops $5 Debit Card Fee in Major Concession
Bank of America has canceled its plans for a $5 monthly debit card fee in response to public backlash, making it the last major bank to retreat. Bank of America had proposed the fee in response to the 2010 Dodd-Frank financial regulatory bill.
Credit Unions Capitalize on Bank Fee Displeasure
With customers angry about new bank fees, credit unions have been trying to use the displeasure to gain more customers.
SunTrust to Drop $5 Monthly Debit Card Fee from Nov. 2
SunTrust Banks Inc said on Monday it planned to drop a $5 monthly debit card service fee, adding the Atlanta-based regional bank to the list of lenders dropping such maintenance fees amid rising public criticism of the industry.
Major Banks Reconsider Debit Card Fees
Bank of America will keep the $5-a-month fee for debit card use that's scheduled to start early next year, while other banks, like J.P. Morgan Chase and Wells Fargo, announced Friday that they are shying away from the fees.
Wells Fargo Drops $5 Debit Card Fee Plan
Diversified financial services firm Wells Fargo & Co. (NYSE:WFC) said it is cancelling its planned five-state pilot of a monthly $3 fee for users of its debit cards as a response to customer feedback the bank has received.
Bank of America May Revamp Proposed Debit-Card Fees
The Bank of America Corp., after receiving heavy public criticism for a planned $5-per-month debit-card fee, is likely to give customers more ways to avoid the fee, a person familiar with the bank's plans said Friday.
Bank of America Scaling Back Debit Card Fees
Bank of America Corp, after receiving heavy public criticism for a planned $5 per-month debit card fee, is likely to give customers more ways to avoid the fee, a person familiar with the bank's plans said Friday.
Mortgage Probe May Open New Path for Housing Relief
A controversial weapon could be deployed soon in the U.S. fight against the housing crisis as states and top banks near a deal in their dispute over mortgage abuses -- cutting the mortgage debt owed by homeowners.
Demi Moore and Ashton Kutcher Reunite In Support of Anonymous Hackers
Both Demi and Ashton tweeted the same news article
First American Financial Q3 Misses Estimates
Title insurer First American Financial Corp posted third-quarter profit that missed market estimates, hurt by higher claims and lower orders.
National Security Agency Helps Banks Battle Hackers
The National Security Agency, a secretive arm of the U.S. military, has begun providing Wall Street banks with intelligence on foreign hackers, a sign of growing U.S. fears of financial sabotage.
Investors Brace for Eurozone Debt Decision
Investors stayed cautious ahead of a summit expected to deliver pledges to tackle the euro zone's debt crisis rather than firm commitments, keeping the euro above $1.39 as stocks markets traded little changed.
The End of Whistle-blower WikiLeaks?
Julian Assange is now announcing a temporary suspension of the website's publishing efforts. By the end of the year, WikiLeaks could face shut down due to financial blockades from several major banks and credit card companies, some of which include Visa, Western Union, MasterCard, and PayPal.
‘Financial Blockade’ Forces Wikileaks to Suspend Releasing Secret Files
Wikileaks, a whistle-blowing Web site known for releasing secret government files, on Monday said it is suspending its publication in order to seek funding to sustain its work. Wikileaks has been forced to shift focus toward fundraising because 95 percent of its revenue has been destroyed.
WikiLeaks Says 'Blockade' Threatens Its Existence
WikiLeaks will have to stop publishing secret cables and devote itself to fund-raising if it is unable to end a financial blockade by U.S. firms such as Visa and MasterCard by the end of the year, founder Julian Assange said on Monday.
Three Companies Join Forces with Occupy Wall Street
In a panel Friday, three startup founders discussed how their companies will challenge the large financial institutions.
Wikileaks to Temporarily Suspend Publishing Documents Due to Money Woes
“WikiLeaks has published the biggest leaks in journalistic history. This has triggered aggressive retaliation from powerful groups.”


