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BofA reports worst ever loss, margins shrink
" (Reuters) - Bank of America Corp (BAC.N) reported a record quarterly loss of $8.8 billion as persistent mortgage problems and low interest rates squeezed revenue at the largest U.S. bank. The loss was expected after the bank said in June it would pay $8.5 billion to...Bank of America to resume foreclosures
"NEW YORK (CNNMoney.com) -- Bank of America said Friday it was ending its hiatus on foreclosure sales, and promised to get its act together after a series of sloppy home seizures prompted the bank to back off and re-examine its process."
Bank of America: 'No Contact' with Wikileaks
Wikileaks to Target Banks: BofA Shares Drop 3% Though Bank of America's global strategy officer says that BofA has had no contact with Wikileaks, shares in the bank have dropped 3% on the news that the whistleblower... Dalton Chiscolm sues Bank of America for $1784 Billion Trillion
A man sues Bank of America for 1,784 billion, trillion dollars ($17,840,000,000,000,000,000,000) because he said he was given inconsistent information and his checks had been rejected. US District Judge Denny Chin said it was "incomprehensible". He has given Chiscolm until... Bernanke Defends Merrill Lynch Deal
Ben Bernanke, Chairman of the US Federal Reserve, is answering quesitons in Congress today, defending his role in the Bank of America takeover of Merrill Lynch. BofA CEO Kenneth Lewis claims that Bernanke threatened to have him removed if the takeover deal fell apart, a claim... Merrill, BofA Shareholders Approve the Combination
The Shareholders of both Merrill Lynch & Co. and Bank of America have approved the sale of Merrill to Bank of America, this friday Dec, 5. This will in turn create the U.S. largest financial-services firm.... Investors Hit BofA Loan Modifications
Bank of America Corp.'s decision to embark on an $8.4 billion home-loan-modification program to settle charges brought by state attorneys general against Countrywide Financial Corp. was hailed as a milestone when the deal was announced this fall. But apparently nobody...
created by MortgageAuditor | 3 years ago | updated 3 years ago
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