Posts Tagged ‘bank of america’

Bank of America sees profits drop

Bank of America Corp. saw its first-quarter profit drop to $ 653 million, compared to a profit of $ 2 billion for the same period last year. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

Are All Penny Stocks Created Equal?

Are All Penny Stocks Created Equal? Article by Zach Soloman Amazingly enough, a number of American financial sector stocks were thrown into penny stock realm in the past two weeks. In the past few months, even bigger banks declared bankruptcy. The SEC defines penny stocks as “low-priced (below $ 5), speculative securities of very small […]

Bank of America to settle Countrywide discrimination suit for $335 million

Bank of America (BoA) will settle a dispute with the U.S. Justice Department stemming from home loan discrimination. Authorities say BoA’s Countrywide unit discriminated against 200,000 African-American and Hispanic borrowers who qualified for prime loans but were nonetheless pushed to sign riskier subprime loans. View full post on Banking Stories

Bank fee hike gives credit unions a boost

Credit unions are benefiting from a hike on debit card fees imposed by Bank of America (BofA)on Sept. 29. They are taking advantage of the growing anti-bank sentiment across the country as evidenced by the Occupy Wall Street movements. View full post on Banking Stories

Bank of America reports $6.2b in profits

Bank of America reported third quarter profits of $6.2 billion profit on revenues that rose by 6 percent compared to the same period a year earlier. View full post on Banking Stories

Bank of America to charge $5 monthly fee for debit card purchases

Bank of America will begin charging a $5 monthly fee for debit cards starting in 2012. View full post on Banking Stories

Bank of America may layoff 40,000

The morning after President Obama’s much talked-about and highly anticipated speech to Congress and the nation about jobs creation, news has emerged that Bank of America officials may lay off as many as 40,000 employees in a first round of restructuring that CEO Brian Moynihan is expected to discuss Monday. View full post on Banking […]

Bank of America sells 50 percent stake to Chinese

Bank of America is selling half of its stake in China Construction Bank for $8.3 billion cash. The sale would help build the capital base of BofA, the largest U.S. bank, to comply with new global regulations on capitalization. View full post on Banking Stories

Bank of America foreclosing on Henderson office building

The owner of a new – but troubled – Southern Nevada office building has agreed to give the property back to the bank. View full post on Business Stories

Bear Stearns Alumni, All Over Wall Street

Coming from a failed company hasn’t been a career breaker for the former Bear executives running bond businesses at onetime rivals such as Bank of America and Goldman Sachs View full post on Finance Stories