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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.
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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.
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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?
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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.
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Bank of America can't shake doubters

Aug 23, 2011
Shares of the biggest U.S. bank continue to take a beating over concerns about bad mortgages and possible write offs. How bad could it get?
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Are the banks lending more?

Aug 23, 2011
Banks lent more money in the last quarter, the FDIC said in a press release today. Total loans and leases increased by 0.9 percent, $64.4 billion...
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Is Capital One suddenly too big?

Aug 22, 2011
The former credit card company has bought several banks and now is buying ING Direct, a large and popular online bank. It will become the nation's fifth-largest depository bank
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The new destiny of big banks

Aug 19, 2011
It's Bank of America's turn to lay off thousands, but all big banks are waiting for the final reckoning still to come on their troubled real estate portfolios
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