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.
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?
Jul 5, 2012 The home lender Countrywide gave preferential treatment to members of Congress, their staffs and employees of Fannie Mae in order to win influence in government, according to a long-awaited review by a House committee.
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?
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.
Apr 19, 2012 "Your Bank of America" offers fake customer testimonials that take aim at the major institution's marketing and brand.
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.
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.
Mar 19, 2012 The U.S. Treasury has profited from buying mortgage-backed securities during the financial crisis.
Heidi N. Moore
Mar 13, 2012 Turns out American banks are in a much better position financially than we thought.