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Beyond Payday
Interview: Donald Rumsfeld

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Bank of America announces 16,000 layoffs

Interview by
Jeremy Hobson
Sep 20, 2012
Bank of America is accelerating plans to cut costs by laying off workers. According to the Wall Street Journal, the bank has set a target of cutting 16,000 jobs by the end of this year -- about 6 percent of the bank's workforce.

Bank of America reports $2.5 billion profit

by
Scott Tong
Jul 18, 2012
Bank of America just reported its quarterly earnings and they're better than expected: $2.5 billion in profit. What does that mean for the U.S. economy on the whole?

Banks try to adopt mortgage settlement rules

by
John Dimsdale
May 9, 2012
The big 49-state deal on mortgages was supposed to help clear the foreclosure backlog. So how are the banks faring now?

What to learn from this season's earnings

by
John Dimsdale
Apr 19, 2012
The corporate earnings reports are flooding in this morning, with companies like Southwest Airlines and Verizon telling us how they did in the first part of this year. In recent quarters, companies have padded their profits by cutting costs.

Activists take on Bank of America with fake website

by
Kai Ryssdal
Apr 19, 2012
"Your Bank of America" offers fake customer testimonials that take aim at the major institution's marketing and brand.

BofA launching program for at-risk homeowners

Interview by
Stacey Vanek Smith
Mar 23, 2012
Bank of America is launching a pilot program where homeowners who are at risk of foreclosure would hand over the deed to their house and then rent it back from the bank.

Bank of America throws homeowners new lifeline

by
Bob Moon
Mar 23, 2012
Bank of America starts a foreclosure-prevention program that lets borrowers give up ownership of their home but stay on rent-paying tenants.

Federal Reserve releases banks' stress test results

Interview with
Heidi N. Moore
Mar 13, 2012
Turns out American banks are in a much better position financially than we thought.

Bank of America to test new fees

Interview by
Adriene Hill
Mar 1, 2012
The bank is reportedly currently testing different fee models -- including monthly charges of anywhere from $6 to $25. This comes after a pushback last year against a $5 monthly debit card fee.

B of A cuts credit lines to some small businesses

Interview by
Steve Chiotakis
Jan 4, 2012
While some banks are being encourage to lend more, pressure is also coming from regulators to crack down on riskier customers.

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