Why Bank Of America's 16000 Job Cuts Are Necessary
He and his bank were at the center of just about every negative bank story thanks to its Countrywide business and depressed stock price.www.forbes.com
RBS's Citizens, TD Bank overdraft fee accords win US court OK
Citizens to pay $137.5 mln; TD Bank to pay $62 mln. * Lenders accused of reordering transactions to boost fees. * 14 lenders, including Bank of America, have settled. Sept 20 (Reuters) - Two large banks have won initial U.S. court approval to pay a ...in.reuters.com
Bank of America to Pare Bank Payrolls Even More
Bank of America is now speeding up its plan to cut 16,000 more bankers by a year, WSJ reports this morning. That will bring its total headcount to 260,000, down from a peak of 288,000 in 2010.blogs.wsj.com
Bank of America's site stuck in prolonged slowdown
NEW YORK (CNNMoney) -- Bank of America's website was sluggish and intermittently unavailable for many users on Tuesday, in an outage that the bank hadn't explained by the end of the day.money.cnn.com
Bank of America Changes Strategy Chief Again
The latest shakeup elevates Anne Walker, a holdover from Merrill Lynch & Co. who formerly was head of Americas equity syndicate at Bank of America Merrill Lynch. She replaces Thong Nguyen, who was in the strategy chief job for less than a year and left ...blogs.wsj.com
US Stocks Struggle to Gain; DJIA Up 18.97, S&P 500 Falls
The Dow industrials turned positive after statements supporting recent U.S. central-bank action from three regional Fed bank presidents, a better-than-expected business activity reading from the Federal Reserve Bank of Philadelphia and a successful ...online.wsj.com
Live from Bank of America Stadium
CHARLOTTE, N.C. -- I'm settled into Bank of America Stadium for Thursday night's game between the New York Giants and Carolina Panthers.espn.go.com
"Boring" banks make tepid debuts despite soft pricing
The larger of the two newly floated banks, Capital Bank Financial, formerly known as North American Financial Holdings, is led by former Bank of America Corp executives Gene Taylor and Chris Marshall. They raised $900 million from investors in 2009 to ...www.chicagotribune.com
Child Actors Sue Bank of America
Bank of America is once again in the hot seat, this time for allegedly withdrawing money from child entertainers' bank accounts, according to a recent class action lawsuit.abcnews.go.com
Bank of America set to shed 16000 jobs over 3-month period
But when Terrell Gregory heard about the extensive layoffs at Bank of America, he decided a little music might help a little bit.www.wbtv.com
Experts see Iran, not outrage over film, behind cyber attacks on US banks
The consumer banking website of Bank of America was unavailable to some customers on Tuesday, and JPMorgan Chase on Wednesday had the same problems, which multiple sources linked to a denial-of-service attack, in which a website is bogged down ...openchannel.nbcnews.com
Bank stocks hit by negative news, downgrades of 3
NEW YORK (AP) - Shares of financial companies were pummeled Thursday by a spate of discouraging economic news and analyst downgrades of three of the biggest U.S. banks. The financial sector was the second biggest loser in the Standard & Poor's ...www.businessweek.com
US Commercial Paper Declines to Least Since July, Fed Says
Commercial paper sold by non-U.S. financial institutions dropped about $6.2 billion to $229 billion outstanding, the lowest level since the period ended Aug. 8, while the amount issued by U.S.-based banks fell for a third straight week, declining $4.4 ...www.businessweek.com
US banks on high alert for cyberattacks
A financial-services industry group warned banks yesterday to be on heightened alert for cyberattacks after Bank of America Corp. and JPMorgan Chase & Co. experienced unexplained outages on their public websites. The warning, from the Financial ...www.dispatch.com
US Credit Swaps Increase as Traders Shift Into New Benchmark
"Almost all the widening you're seeing today is due to the roll," Hans Mikkelsen, a high-grade credit strategist at Bank of America Corp. in New York, said in a telephone interview. The gap between the two series is "very close to what we were thinking ...www.businessweek.com
Disabled Employee Says Bank of America Fired Him for Slow Typing and Walking
For three years, Daniel Herrmann, 38, worked in customer service for Merrill Lynch and then Bank of America after BoA acquired Merrill Lynch in January 2010.abcnews.go.com
Daniel Herrmann, Disabled Worker, Says Bank of America Fired Him For Being ...
But when Bank of America took over, working conditions went south, he says in a lawsuit against the bank. He was transferred to customer relations, denied accommodations for his condition, and eventually was fired in 2010 for being too slow -- on the ...www.huffingtonpost.com
B. of A. and J.P. Morgan weigh on Dow, financials
NEW YORK (MarketWatch) - U.S. financial stocks led the broader market lower Thursday as big bank stocks fell after The Wall Street Journal late Wednesday reported that Bank of America Corp. was increasing its planned job cuts for the year to 16,000 as ...stream.marketwatch.com
The Bulls Battle Back: US Stocks Recover As Trulia And Starbucks Shine
U.S. stocks battled early lows, climbing throughout the whole session to see the Dow reach positive territory. The day started out with the announcement that Bank of America would be laying off 16,000 workers which helped sink the market, but better ...www.forbes.com
Deals of the Day: BofA Ramps Up Job Cuts
BofA Ramps Up Job Cuts: Bank of America is accelerating a broad cost-cutting plan and has set a target of shedding 16,000 jobs by year's end.blogs.wsj.com
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