Bank of america Stories
Wells Fargo Q3 Profit up 21% on Improving Credit Quality
Wells Fargo & Company (NYSE: WFC) said its third quarter earnings grew 21 percent on improving credit quality. Its earnings came in above Street's view.
China Q3 Growth at Two-Year Low, but no Rate Cut Seen
China's economic expansion slowed in the third quarter to its weakest pace since early 2009 as euro-debt strains and a sluggish U.S. economy took a toll, but healthy domestic drivers suggest little room to relax monetary policy near term.
Officials, Banks to Tackle Mortgage Refinancing Plan: Report
Officials and big banks are working on a plan that would make refinancing available to some borrowers whose houses are worth less than their loans, so long as they are current on mortgage payments, the Wall Street Journal reported.
Debit Card Fees Draw Antitrust Concerns From House Democrats
U.S. Rep. Peter Welch, D-Vt., wants Attorney General Eric Holder to probe banks and trade groups for potentially illegal collusion over new consumer debit card fees.
Obama 2012: Can He Win Without Wall Street?
As he seeks to build momentum for what will likely be an arduous re-election campaign in 2012, President Barack Obama is signaling that he'll try to tap into rising populist voter sentiment by distancing himself from Wall Street.
U.S. Stock Futures Signal Higher Wall Street Open
Stock index futures pointed to a higher open for equities on Wall Street on Friday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 up 0.6-0.7 percent.
NASCAR’s Danica Patrick Wants to Get You Healthy
Danica Patrick, NASCAR's sweetheart, is on a mission to get you healthy. She is fighting for COPD awareness and offering healthier meal options on race track menus.
BoA-ML, TerraPass in California CO2 Offset Deal
Bank of America Merrill Lynch has joined forces with U.S.-based carbon portfolio manager TerraPass Inc in a bid to enter the nascent Californian emissions market, the bank said on Tuesday.
Analysis - Bank of America's mortgage market share plunges
Bank of America is set to lose nearly all the mortgage market share it gained by buying Countrywide Financial Corp in 2008, in the latest sign of how painful the acquisition has been for the bank.
N.Y. Official Fears Loss of 10,000 Finance Jobs: Report
New York City's securities industry could lose nearly 10,000 jobs by the end of 2012, according to a report by New York state's comptroller Thomas DiNapoli.
Dow Jones Up 330 Points After European Bank Commitment
Stocks prices went up Monday after German Chancellor Angela Merkel and French President Nicolas Sarkozy agreed to craft a bailout plan for the Eurozone.
3 Alternatives to Paying the Big Banks' Debit-Card Fees
Bank of America and several other large U.S.banks plan to charge customers fees for using debit cards. There are at least three good ways to avoid paying these fees.
Paulson loses more in September, fund now off 47 percent
Hedge fund manager John Paulson lost more money in September thanks to ill-timed bets on an elusive economic recovery that left one of his biggest funds off 47 percent, two people who saw the numbers said on Saturday.
Bank of America and Others Charging for Debit: Time to Use Cash?
U.S. financial regulation is capping fees banks can charge merchants for debit card usage. In response, Bank of America and several other large banks have announced their plans to charge consumers to make up for the losses.
Obama Chides Banks, Taps Anger Over Wall Street
President Barack Obama launched an onslaught against banks and Republicans this for working to block financial reform, using a populist tone amid public anger over Wall Street practices.
Calif. Open to Deal in Mortgage Settlement Talks-WSJ
California Attorney General Kamala Harris remains open to a deal with large U.S. banks in multi-state mortgage negotiations provided it involves a stronger proposal from lenders, the Wall Street Journal reported.
BofA to pay $11 million total to Price, Krawcheck
Bank of America Corp will pay $11 million to ousted executives Joe Price and Sallie Krawcheck, a large payout at a time when banks face protests over pay but smaller than the eight-figure packages some executives received before the financial crisis.
California open to deal in mortgage settlement talks: report
California Attorney General Kamala Harris remains open to a deal with large U.S. banks in multi-state mortgage negotiations provided it involves a stronger proposal from lenders, the Wall Street Journal reported.
Volcker Rule Draft Gives Banks Ability to Hedge
A draft proposal of the Volcker rule that cracks down on banks' proprietary trading gives firms flexibility to hedge risk, and sets stringent limits on such trading beyond U.S. borders to address fears the rule will put U.S. firms at a disadvantage.
Tax on Rich will Pay for Obama Jobs Plan: Democrats
Senate Democrats want to hit millionaires with a 5 percent surcharge on their taxes to pay for President Barack Obama's $447 billion jobs program, but the plan seems to be going nowhere in the divided Congress.
Tax the rich gets backing from some industry chiefs
Captains of Google, Bank of America and Citicorp say they are ready to pay higher taxes, as long as Congress uses the money to get the U.S. economy back on its feet.
Canada's message to Wall Street: we've got jobs
As European banks seek state help and U.S. lenders shore up shaky balance sheets, Canada's well-performing banks have stepped up their efforts to poach talent from rivals around the world.
Trading Scandal: More Executive Heads Roll at UBS
Francois Gouws and Yassine Bouhara, the co-heads of UBS’ global equities, handed in their resignations, apparently taking responsibility for the actions of the London rogue trader who perpetrated illegal trades.
Citibank to Impose Fees on Checking Accounts
Citi clients who hold the EZ Checking account will be charged $15 per month if they fail to maintain a minimum balance of $6,000
September Layoffs Mostly Came From Army, BofA: Tale of Two Employers
September Layoffs Mostly Came From Army, BofA, but the two employers outlooks could not be more different
Planned Layoffs Surged in September to 29-Month High
The number of planned job cuts in the U.S. soared to a 29-month high in September, exacerbated by layoffs at Bank of America and cutbacks by the U.S. military, according to a new report.
iPhone 5: 25 Features we Hope it Has Whenever it Finally Comes
Instead of the highly-anticipated (understatement of the year) iPhone 5, Apple unveiled the iPhone 4S on Tuesday, which has left some disappointed, to say the least. Here are 25 features we hope the iPhone 5 will have, whenever it finally comes out.
Exclusive: Buffett not worried by BofA share fall
Billionaire investor Warren Buffett is not concerned by the sharp drop in Bank of America Corp shares in the last couple of days, despite his $5 billion investment in the company last month, he told Reuters on Tuesday.
BofA shares drop to lowest level since March 2009
Bank of America Corp shares fell 5.2 percent Tuesday to their lowest level since March 2009 amid concerns about how a slowing world economy and the European debt crisis would affect the largest U.S. bank.
Why Eric Schneiderman and Elizabeth Warren Matter for Progressives
New York Attorney Eric Schneiderman and U.S. Senate candidate Elizabeth Warren have been filling a void in progressive politics.


