Banks

Pages

Europe's economic crisis has deep roots

Sep 13, 2011
The Obama administration is increasingly concerned about the debt crisis in the eurozone. But some of its roots stem from American shores.
Posted In: Banks

Can Bank of America's CEO salvage the company?

Sep 13, 2011
Bank of America announced massive layoffs this week, but the nation's largest bank by assets can't be compared to Lehman Brothers just yet. Still, CEO Brian Moynihan faces tough challenges ahead.
Posted In: Banks

Bank of America's woes hit home

Sep 12, 2011
Again. A report from BofA headquarters in Charlotte, N.C.
Posted In: Banks

Bank of America to cut about 30,000 jobs

Sep 12, 2011
The country's biggest bank, by assets, tries to assuage investors with plans to cut $5 billion in annual costs and trim weak businesses.
Posted In: Banks

Bank of America to lay off thousands

Sep 9, 2011
The bank, still digging itself out of the financial crisis, plans to cut thousands of workers as it struggles to regain investor confidence.
Posted In: Banks

Having grown too big, Bank of America to cut back again

Sep 9, 2011
Bank of America could be laying off as many as 40,000 workers. A few years ago, it would have been hard to imagine the banking giant was spreading itself too thin.
Posted In: Banks

Bank of America sells stake in Chinese bank

Aug 30, 2011
To prove its balance sheet is strong, Bank of America is looking to get cash, and fast. The latest asset it is selling off? A large portion of its stake in a key Chinese bank.
Posted In: Banks

Wall Street preps for post-Hurricane Irene open

Aug 29, 2011
Wall Street firms began preparing last week for backup plans in the case of disaster during Hurricane Irene. As the markets open this morning, it seems they avoided catastrophe.
Posted In: Banks

Warren Buffett will invest in Bank of America

Aug 25, 2011
Bank of America's stock dropped around 40 percent in recent months. So why is Warren Buffett about to hand them $5 billion?
Posted In: Banks

What Warren Buffett wants...

Aug 25, 2011
The famed investor wanted a piece of Bank of America after its stock had been beaten down. And Bank of America eventually decided it could use an investment -- $5 billion -- from Buffett.
Posted In: Banks

Pages