Bank of America (NYSE: BAC) and Merill Lynch Accused of Discriminating...
On Tuesday, three female financial advisers from Bank of America (NYSE: BAC) and Merill Lynch accused the companies of discriminating against women in a lawsuit. Two of the women are former employees...
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ATM Skimmers Caught on Security Cameras at Daytona Beach Bank of America...
Security cameras at the Bank of America (NYSE: BAC) branch in Daytona Beach, Florida, caught two suspects installing a skimming device that steals ATM card and pin information. After installation, the...
View ArticleBank of America Provides Voice Enabled ATM’s(NYSE: BAC)
Many people take for granted the gift of sight. Unless you are visually impaired, it probably never crosses your mind how those who are visually impaired manage simple day-to-day tasks. One of these...
View ArticleEmployee of Bank of America (NYSE: BAC) Charged With ATM Crime
With the increase in threats against ATMs around the country, more people are being victimized by thieves who are able to capture their card information and make withdrawals on accounts fraudulently....
View ArticleBank of America (NYSE: BAC) Reports $3.2 Billion Profit for the First Quarter
In January of last year, Bank of America (NYSE: BAC) purchased Merrill Lynch. The purchase proved to be beneficial with Bank of America reporting a $3.2 billion net income in the first quarter of 2010...
View ArticleBank of America (NYSE: BAC) To Propose Mortgage Help?
Bank of America (NYSE: BAC) is considering a program directed at the unemployed mortgage holders who can no longer afford a home mortgage payment. For those who have lost their jobs and can not find...
View ArticleBank of America’s (NYSE: BAC) Lending and Investing Initiative Report Shows...
Bank of America(NYSE: BAC) has extended nearly $150 billion in credit for the first quarter of 2010, making them the largest lender of credit of any United States Bank. The Lending and Investigating...
View ArticleBank of America (NYSE: BAC) Balks at Medical Pot Backing
Bank of America (NYSE:BAC) and Wells Fargo (NYSE:WFC) have been continually denying their services to medical marijuana dispensaries in order to protect themselves from prosecution by the federal...
View ArticleBank Of America Announces Results of Community Lending Project (NYSE: BAC)
Bank of America is one of the largest financial institutions in the world. Over the past few years as the economy continued its downward slide, the company has been in the news for a variety of...
View Article10,000 Bank of America (NYSE: BAC) Borrowers Contacted About Mortgage...
Under a plan officially announced in March, Bank of America (NYSE: BAC) announced principal reduction would be the first step for helping their most troubled mortgage borrowers through the Home...
View ArticleBank of America (NYSE: BAC) To Repay Millions in Countrywide Overcharges
Bank of America (NYSE: BAC) is about to pay out about $108 million on behalf of Countrywide Financial according to an announcement by the FTC. The money is being issued as a refund to homeowners who...
View ArticleBank of America (NYSE: BAC) Sued Over Foreclosure Work
Bank of America (NYSE: BAC) has been sued by Diversified Field Solutions based on allegations the bank failed to provide contracted work for their foreclosure properties. Bank of America contracted...
View ArticleJPMorgan Chase (NYSE: JPM) Offering Hiring Incentive to Small Business
JPMorgan Chase (NYSE: JPM) announced on Tuesday they will offer their small business customers a half of a percentage lower interest rate on lines of credit for every new person they hire up to three...
View ArticleNevada Homeowners Get Help From Bank of America (NYSE: BAC)
Consumers across the nation have been affected by the tough economic conditions in recent years. Homeowners are defaulting on mortgage loans in record numbers, with the state of Nevada being...
View ArticleBank of America Admits Debt Was Mistakenly Hidden (NYSE: BAC)
Details have recently emerged from a letter that Bank of America sent to the Securities and Exchange Commission (SEC), admitting that the bank has hidden debt. This letter to the SEC was in response to...
View ArticleBank of America (NYSE: BAC) Gives Back With $10 Million in Grants
Bank of America (NYSE: BAC) is the first large bank to give money away in the form of a grant to other lenders. Bank of America is giving non-profit micro-lenders like Community Development Financial...
View ArticleBank of America (NYSE: BAC) Introduces eBanking Solution
As more people become comfortable with electronic banking systems, and schedules become more hectic, it makes sense that more banks will start offering electronic banking products. Bank of America...
View ArticleBank of America Corp (NYSE: BAC) and Visa (NYSE: V) Testing Cell Phones to...
From September through the end of the year, Bank of America (NYSE: BAC) and Visa (NYSE: V) will be testing cellular phones for making purchases in stores in the New York City area. In October, Visa...
View ArticleBank of America (NYSE: BOA) Website Down for Customers
Customers of Bank of America (NYSE: BOA) were out of luck for about four hours yesterday when a glitch in the company’s website cause the online banking service to shut down. Bank of America, based in...
View ArticleJuly Making Home Affordable Servicer Report Shows 100,413 Bank of America...
With so many homeowners in the country struggling to pay their mortgages, many turned to the Making Home Affordable Program. Servicers like Bank of America (NYSE: BOA) agree to modify homeowner...
View ArticleVisa (NYSE: V) and Wells Fargo (NYSE: WFC) Teaming Up To Try Out Phone Payments
Previously, we shared information about Bank of America (NYSE: BAC) and Visa (NYSE: V) testing the use of cell phones for making purchases. Now, Visa is joining with Wells Fargo (NYSE: WFC) for another...
View ArticleSEC Settlement Finalizes Bank Of America (NYSE: BAC) Shareholder Fund
A November 12th deadline looms large for the Bank of America (NYSE: BAC) shareholders to file for their part of the reported $150 million settlement involving the Merrill Lynch merger which was secured...
View ArticleBank of America (NYSE: BAC) to try new pricing structure to offset lost revenue
One of Bank of America’s biggest problems right now is that they are left trying to figure out how to offset the $4.3 billion of revenue that they expect to lose from the new credit and debit card...
View ArticleIs Bank of America (NYSE: BAC) Ready to Fire 400?
Bank of America Corp (NYSE: BAC) is said to be firing up to 400 employees around the world. Specifically, the bank is said to be firing from the pool of employees in the banking and markets division...
View ArticleBank of America (NYSE:BAC) Head Above the Rest for Home Modifications
Bank of America (NYSE: BAC)has announced their participation in mortgage modifications since January 2008 has provided modifications to more than 680,000 homeowners, putting it in the lead over other...
View ArticleBank of America (NYSE: BAC) Reevaluating Loan Modification for Hispanic...
A former employee of Bank of America (NYSE: BAC) has spoken out about concerns the bank did not properly assist Spanish-speaking customers during mortgage loan modification procedures. The employee...
View ArticleBank of America (NYSE: BAC) at the top of the list for poor HAMP performance
According to data released recently by the government, Bank of America is standing out amongst the largest mortgage servicers for their unusually poor performance under the Obama administration’s Home...
View ArticleBank of America (NYSE: BAC) Drops Mortgage Brokers
The fallout from indiscriminate lending is causing banks to be more conservative regarding mortgage lending policies. Research has shown that in house loans performed better than broker loans. This has...
View ArticleBank Of America Begins Issuing Grant Money for Micro Loans
Bank of America has announced that they have started providing grants to non –profit organizations. These organizations in turn take the money to help fund loans under the federal microloan program. To...
View ArticleBank of America (NYSE: BAC) Cuts Out Free Checking Offers
Bank of America (NYSE: BAC) announced this week it is making some big changes to its basic checking account services. The bank will discontinue offering totally free checking accounts to its new...
View ArticleBank of America (NYSE: BAC) Owns Up to Foreclosure Document Errors
Bank of America this week is finally admitting that they have made mistakes. This comes after the company began to look at foreclosure documents that were filed in 23 different states. Of the first...
View ArticleCitigroup’s (NYSE: C) Stocks Drop In Wake Of Projected Financial Declines
In recent days, Citigroup Inc’s (NYSE: C) stock has dropped to $4.18, a 3 cent decline that has many speculating about the future condition of the financial sector. Certain observers have questions...
View ArticleWells Fargo (NYSE: WFC) Foreclosure Paperwork Also Flawed
After insisting their foreclosure paper work was in order, Wells Fargo (NYSE: WFC)has been caught out after discovering mistakes in its documents. This is not the first company to acknowledge...
View ArticleBank of America (NYSE: BAC) Claims Ex-employees Copied Confidential Information
Bank of America claims in a lawsuit that four of their ex-employees copied confidential databases of Bank of America’s “trade secrets” and then executed a coordinated attack on their wealth management...
View ArticleWells Fargo (NYSE: WFC) is the Most Valuable US Bank
Wells Fargo (NYSE: WFC) is not the biggest bank in the US but of late it has become the most valuable. Its stock market value makes it the largest US valued bank. The purchase of the Wachovia...
View ArticleBank of America (NYSE: BAC) Encourages ‘Women’ Investments
Bank of America (NYSE: BAC) is advising investors to include female-oriented investments in their long-term portfolio plans. This encouragement comes as statistics show women are recovering faster...
View ArticleBank of America’s (NYSE: BAC) Countrywide Facing More Legal Action
When Bank of America (NYSE: BAC) bought Countrywide Mortgage in 2008, they likely expected some legal action but three years later lawsuits are still coming. This week three new suits were filed by the...
View ArticleBank Of America (NYSE: BAC) Planning To Appeal Nevada Judge’s Order Halting...
Bank of America (NYSE: BAC) is fighting another battle, this time with the courts in the state of Nevada. A preliminary injunction was issued last week by a Nye County District Court Judge Robert Lane....
View ArticleBank of America (NYSE: BAC) CEO to Receive Big Time Bonus Money
Chief Executive Officer for Bank of America (NYSE: BAC)Brian Moynihan will be the recipient of a $9.05 million bonus after his first year leading the largest lender in the US. The bonus amount totals...
View ArticleBank of America (NYSE: BAC) Announces Military Homeowner Help
Bank of America (NYSE: BAC) made its announcement today that they will begin helping members of the military that are having difficulties meeting their mortgage obligations. The bank has created a new...
View ArticleWells Fargo, (NYSE: WFC) Bank Of America (NYSE: BAC) and Others Expecting...
Two of the largest mortgage holder in the country both Wells Fargo & Co (NYSE: WFC) and Bank of America Corp (NYSE: BAC) are expecting that they will be faced with fines or some type of enforcement...
View ArticleBank of America (NYSE: BAC) Introduces New Checking Fees
Bank of America (NYSE: BAC) has introduced its new monthly fees for customers that maintain checking accounts with the banking institution. The fees ranging from $5-$25 each month for service will be...
View ArticleFines Likely For Bank of America and Wells Fargo (NYSE: BAC, NYSE: WFC)
In recent years, millions of homeowners have struggled to maintain their mortgage payments and avoid foreclosure. Combined, the economic and housing crisis has resulted in many of these homeowners...
View ArticleBank of America (NYSE: BAC), Wells Fargo (NYSE: WFC), Citigroup (NYSE: C)...
As banks face penalties for abuse mortgage practices and sketchy foreclosure practices, lenders begin looking for larger down payments for borrowers looking to buy houses. Penalties faced by the...
View ArticleBank of America (NYSE: BAC) Leaks Suggest Fraud and More
Bank of America (NYSE: BAC) is getting ready for the fallout after WikiLeaks claimed to have access to an executive’s hard drive. But just when the bank thought they had heard the worst, an independent...
View ArticleCustomer Defaults Decline Again for Bank of America (NYSE: BAC)
Customer payments for Bank of America (NYSE: BAC) credit cards have become more steady throughout the month of February. The bank said credit card debt write-offs were down from the month previous. The...
View ArticleBank of America (NYSE: BAC) Dividend Meeting Left Out Feds
Bank of America (NYSE: BAC) put together a party of investors and financial analysts this month with the intention of talking up better times again. However, the Federal Reserve was not part of the...
View ArticleBank Of America (NYSE: BAC) Sued By Share Holders
Bank of America (NYSE: BAC) could once again be heading to court. This time the banks CEO along with board directors and other executives are under fire for negligent practices. They are being sued by...
View ArticleBank of America (NYSE: BAC) Extends Aid for Service Members
Military members that are currently on active duty or entering such duty have received some good news on the financial front. Military members who have mortgages with Bank of America (NYSE: BAC) will...
View ArticleBank of America (NYSE: BAC) Okayed Second Mortgages for Adjustment
Earlier this month, Bank of America (NYSE: BAC) was the first major lender who offered modification to home equity loans to customers who needed help. Bank of America was the first lender in the...
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