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Articles: 35 | Blogs: 4
Red State Swindlers
Experience Thanksgiving Dinner in Nurse Cratchit's dayroom with just a click of your mouse.
Pretty much, yea. But what's interesting, even if you want to argue that this sort of bribery, or what you call compromise, is what occurs regularly, two things:
Articles: 156 | Blogs: 22
Banks getting bum rap on not lending enough?
But judging from the rhetoric coming out of the Obama administration, Wilmoth, the folksy 58-year-old president of Heritage Bank of Reno, Nev., should be scorned, not praised.
His sin? He's shirking his patriotic duty by not lending enough money to his
Articles: 125 | Blogs: 17
Banks Getting Bad Rap On Not Lending Enough
NEW YORK -- Unlike big-city bankers, Stan Wilmoth didn't make lots of dumb loans during the boom. After the crash, he accepted not a dime of taxpayer money for his bank. His salary? "Substantially less" than the $1 million the former head of Merrill
Articles: 190 | Blogs: 14
Citi repays $20 billion in TARP money
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NEW YORK -- Citigroup Inc. said Wednesday it has repaid the $20 billion in bailout money it received from the government.
Citi said it funded the previously announced repayment with a recent stock offering that raised $20.5 billion.
Articles: 153 | Blogs: 10
Fannie, Freddie CEOs to get up to $6M in pay
NEW YORK — The two chief executives of Fannie Mae and Freddie Mac could get paid as much as $6 million for 2009, despite the companies' dismal performances this year which cost taxpayers more than $100 billion.
Fannie's CEO, Michael Williams, and
Articles: 107 | Blogs: 0
Credit crunch: Home equity lending evaporates
The sharp pullback is dragging on the economy, household budgets and banks' books. And it's another sign that the consumer spending binge that powered the economy through most of the decade is unlikely to return anytime soon.
At the peak of the
Articles: 59 | Blogs: 2
Home equity loans withering
Hocking the house for quick cash is a lot harder than it used to be, and it's causing headaches for homeowners, banks and the economy.
During the housing boom, millions of people borrowed against the value of their homes to remodel kitchens, finish
Articles: 73 | Blogs: 1
2010 could blue chips' year as caution returns
Investors spent much of 2009 buying shares of companies whose stocks had suffered the biggest losses during the financial crisis. Market players are now expected to become more cautious and deliberate in their stock picking, and are likely to revisit
Articles: 115 | Blogs: 8
Economic recession top Idaho news story of 2009
Here are the other top stories of 2009 chosen by The Associated Press:
The news began July 2 as a cryptic U.S. military announcement: An Army private was in Taliban hands after walking off his base in eastern Afghanistan. No name was released,
Articles: 127 | Blogs: 11
My sins (and good deeds) of 2009
NEW YORK (Fortune) -- We all have our year-end rituals. Mine is to examine what I've written during the year, follow up on yesterday's hot stories that have become today's overlooked stories, and to own up to my mistakes of omission and commission.
1.
Articles: 132 | Blogs: 13
BofA’s new CEO faces credit card woes, huge loan losses
As Bank of America’s new CEO Brian Moynihan takes the reins Jan. 1, he faces a litany of woes brewing at the nation's largest bank.
The bank is expected to report massive loan losses in 2010 stemming from aggressive lending in credit cards, mortgages
Articles: 141 | Blogs: 11
Relief over market’s big U-turn gives way to questions over the economy’s prospects in 2010
Few called market turn, fewer predict it will last
NEW YORK — Few analysts forecast this year's remarkable stock market rebound as major indexes were plunging to 12-year lows last March. Now, with most experts predicting the pace of stocks' gains will
Articles: 67 | Blogs: 2
Few called market turn, fewer predict it will last
Stocks began the dramatic turnaround in March after Citigroup Inc. and other big banks said they were making money again, and then climbed at a fairly steady pace as signs of an economic recovery from the Great Recession became more
Articles: 51 | Blogs: 7
2009 Donors to Clinton Foundation
The 2009 donors to the William J. Clinton Foundation who have given at least $1,000 to the former president's charity since its founding include: MORE THAN $25 MILLION: Bill & Melinda Gates Foundation Frank Giustra, Chief Executive Officer, The
Articles: 59 | Blogs: 4
Carolina hands resting Saints a third straight loss
Charlotte, NC (Sports Network) - Jonathan Stewart finished with 125 yards and a touchdown on 16 carries as Carolina downed New Orleans, 23-10, in the season finale for both teams from Bank of America Stadium.
Matt Moore was 14-of-23 for 162 yards and
Articles: 188 | Blogs: 20
Bank of America's Moynihan starts job as new CEO
Article:Bank of America's Moynihan starts job as new CEO:/n/a/2010/01/04/financial/f053153S73.DTL
Article:Bank of America's Moynihan starts job as new CEO:/n/a/2010/01/04/financial/f053153S73.DTL
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Articles: 135 | Blogs: 15
Former Ranger pleads guilty to trying to hire killer
A former Army Ranger convicted of leading a 2006 Tacoma bank robbery in a terrifying military-style heist has pleaded guilty to attempting to hire a hit man to kill a federal prosecutor.
Luke E. Sommer, 22, also pleaded guilty in U.S. District Court in
Articles: 132 | Blogs: 16
Banking Chief Dodd to Leave Senate: Reports
WASHINGTON (Reuters) - U.S. Senate Banking Committee Chairman Christopher Dodd will announce on Wednesday he will not seek re-election in November, the Washington Post and New York Times reported. The news, coupled with another Democrat's retirement
Articles: 130 | Blogs: 13
Bank pay-insurance plan mulled
WASHINGTON (AP) -- Federal banking regulators are considering a plan to link the insurance premiums U.S. banks must pay to the degree of risk-taking encouraged by their executive compensation policies.
The board of the Federal Deposit Insurance Corp.
Articles: 241 | Blogs: 12
BofA bankers to get 2007-style bonuses: Report
Investment bankers at Bank of America Corp. will likely get bonuses close to what they got in 2007 as the bank tries to retain key employees following its takeover of Merrill Lynch, The Wall Street Journal reported.
Citing people familiar with the
Articles: 52 | Blogs: 2
Business: Tops to pay $85M for Penn Traffic's supermarkets
ROCHESTER, N.Y. -- Tops Friendly Markets said Friday it is buying all 79 stores run by bankrupt rival Penn Traffic Co. for $85 million in cash, a move that would deepen its roots in New York and Pennsylvania and extend its reach into other Northeastern
Articles: 35 | Blogs: 5
It's bank bonus season
NEW YORK
Everyone on Wall Street is fixated on The Number.
The bank bonus season, that annual rite of big money and bigger egos, begins in earnest this week, and it looks as if it will be one of the largest and most controversial blowouts the
Articles: 196 | Blogs: 20
SEC expands charges against BofA
Federal regulators have expanded their charges against Bank of America Corp. over billions in bonuses paid at Merrill Lynch.
The Securities and Exchange Commission is accusing Bank of America of failing to disclose mounting losses at Merrill before a
Articles: 300 | Blogs: 29
Bank of America executives won't be charged in Merrill Lynch bonus case
No one at Bank of America Corp. will face charges for the banking company’s alleged failure to disclose billions in losses at Merrill Lynch & Co.
The Securities and Exchange Commission announced today that it will not file charges against BofA
Articles: 393 | Blogs: 46
Bankers apologize for actions that led to crisis
WASHINGTON - Challenged by a skeptical special commission, top Wall Street bankers apologized Wednesday for risky behavior that led to the worst financial crisis since the Great Depression.
Articles: 401 | Blogs: 43
Bank leaders: Sorry for risky behavior, bad moves
Wall Street executives said Wednesday they underestimated the severity of the 2008 financial crisis and apologized for risky behavior and poor decisions. They also defended their bonus and compensation practices to a skeptical U.S. commission
Articles: 312 | Blogs: 26
'Miracle On Hudson' Survivors Gather A Year Later
NEW YORK (CBS) ―
A year after 155 people lived through the water landing of an incapacitated US Airways flight in the middle of the frigid Hudson River, many of them gathered Friday to celebrate the anniversary of their unlikely survival.
A
Articles: 169 | Blogs: 7
Tribune, Denver Post owner announces debt reduction pact
under they plan. That group, led by Bank of America, will appoint three of the company's seven board seats.
Affiliated Media Inc., the holding company for MediaNews Group, publisher of The Salt Lake Tribune, The Denver Post and other newspapers in 12
Articles: 79 | Blogs: 5
Golden Bears in hibernation against Washington
harder than we did, they were way more aggressive. They really get after you."
It would be a bit too simple to suggest the Cal basketball team went the way Jerome Randle did Saturday at Washington. It wouldn't be wrong, either.
Randle, who scored 39
Articles: 167 | Blogs: 17
Stock watch: Jan. 18, 2010
Oil prices hovered around $78 a barrel Monday as traders weighed doubts about global oil demand against a weaker U.S. dollar, which made crude cheaper for investors holding other currencies.
By midday in Europe, benchmark crude for February delivery
Articles: 268 | Blogs: 13
Harold Ford Jr. takes leave to focus on NY Senator bid
A spokesman tells The Associated Press that Ford took a 30-day leave from his job as vice chairman of Bank of America Merrill Lynch.
Davidson Goldin said Tuesday Ford wants to focus on listening to New Yorkers and discussing his goals as an independent
Articles: 634 | Blogs: 30
Bank of America loses $5.2 billion in 4Q as it repays bailout
its toll on our company in many ways during 2009."
CHARLOTTE, N.C. — Bank of America said Wednesday it lost $5.2 billion during the final three months of 2009 as consumers struggled to make mortgage and credit card payments and the bank repaid its
Articles: 563 | Blogs: 33
New Banking Regulations: Obama Seeks Bigger Banking Restrictions (VIDEO)
Good morning, everybody. I just had a very productive meeting with two members of my Economic Recovery Advisory Board: Paul Volcker, who's the former chair of the Federal Reserve Board; and Bill Donaldson, previously the head of the SEC. And I deeply
Articles: 415 | Blogs: 34
Stock watch: Jan. 22, 2010
NEW YORK — Stocks are set to extend their slide Friday, following the worst two-day stretch the market has seen since June.
Stock futures fell as better than expected earnings from General Electric and Google failed to inspire traders.
President Barack
Articles: 115 | Blogs: 6
The Denver Post Parent Company Files Chapter 11
NEW YORK, Colo. -- The holding company for newspaper publisher MediaNews Group filed for Chapter 11 protection Friday and expects to emerge from bankruptcy in a month or two.
Affiliated Media Inc., the privately held parent company for the owner of
Articles: 63 | Blogs: 2
Private equity funds move to bankroll builders
The event, held over four days during the International Builders' Show, was meant to address a key industry roadblock. Homebuilders have seen land development and home construction loans all but dry up since the financial crisis erupted in the fall of
Articles: 145 | Blogs: 11
Possible Gillibrand challenger visits Albany
ALBANY, N.Y. (AP) — Harold Ford Jr. plans to visit the state Capitol as he continues to publicly flirt with a possible Democratic primary challenge to Sen. Kirsten Gillibrand.
The former congressman from Tennessee was to appear on an Albany radio show
Articles: 177 | Blogs: 15
Lenders start sign up on 'piggyback' mortgage plan
WASHINGTON — Mortgage companies are finally starting to sign up for a long-delayed piece of the Obama administration's $75 billion foreclosure-prevention program.
The administration had been offering lenders who made so-called "piggyback" mortgages —
Articles: 237 | Blogs: 14
Countrywide scrapped Texas pact in December
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Bank of America is explaining its cancellation of a jobs contract that a recent acquisition had with the state.
It says it killed Countrywide Home Loans' deal because a severe
Articles: 199 | Blogs: 20
Cops: Man told TV station he would rob bank
BETHLEHEM, Pa. (AP) -- Police in eastern Pennsylvania say a man frustrated with bank overdraft charges threatened to rob the branch and invited a TV station to film him doing it.
Colonial Regional police say 40-year-old Francis Coleman called WFMZ on
Articles: 175 | Blogs: 25
Calif. woman gets 3 years for huge mortgage fraud
A federal judge in Los Angeles sentenced Lila Rizk on Friday and ordered her to pay part of $46 million in restitution to Bank of America Corp. and other lenders.
Prosecutors say the 42-year-old woman was part of a ring that obtained dozens of inflated
Articles: 96 | Blogs: 7
Banks, Officials Find Common Ground at Davos Meeting (Update1)
(See {DAVOS } for more on the World Economic Forum.)
Jan. 30 (Bloomberg) -- Policy makers and bankers called a truce after a week of mutual recrimination at the World Economic Forum annual meeting, saying they agreed on the need for global
Articles: 48 | Blogs: 9
Davos: Finished, done, klaar
The top executive was on a roll - Barack Obama didn't know what he was doing, he didn't understand business, he didn't realise knee-jerk pronouncements could destroy jobs.
It was a private, five-minute, expletive-filled tirade against the US president
Articles: 109 | Blogs: 17
Credit Card Lies Myths and Misunderstandings
What you think you know about credit cards and debt may not be true.
Middle-class American families have long depended on bank credit cards to manage their budgets.
The truth is that the widespread use of credit cards has only been going on for one
Articles: 126 | Blogs: 15
Denham Capital Invests an Additional $108 Million in Geothermal Developer Vulcan Power Company
2010-02-02 14:07:12 -
$166 million. Other shareholders include a principal investing division of Bank of America Merrill Lynch.
Vulcan’s extensive geothermal property portfolio consists of approximately 170,000 acres of prime geothermal
Articles: 158 | Blogs: 12
Bank of America to pay out $4 BILLION+ to its bankers, traders
The payout is about 19 percent of the $23 billion in revenue the company made from its investment banking and capital markets divisions, according to the Journal, citing a person familiar with the matter.
Each banker and trader will collect an average $
Articles: 402 | Blogs: 38
New York filing civil charges against BofA, former CEO
file these charges, which we believe are totally without merit," Bank of America spokesman Robert Stickler said.
NEW YORK — The New York Attorney General's Office said Thursday it is filing civil charges against Bank of America and its former CEO Ken
Articles: 209 | Blogs: 21
Bank of America faces fraud charge
NEW YORK
The New York attorney general’s office said Thursday it filed civil charges against Bank of America and its former CEO Ken Lewis, saying the bank misled investors about Merrill Lynch before it acquired the Wall Street bank in early
Articles: 48 | Blogs: 4
Goldman Sachs Bonuses: CEO Lloyd Blankfein Gets $9 Million Stock Bonus For 2009
NEW YORK — Goldman Sachs Group Inc. CEO Lloyd Blankfein is getting a $9 million stock bonus for 2009, a modest payday by Wall Street standards that appears aimed at quelling criticism of the bank's compensation practices.
Blankfein will receive more
Articles: 26 | Blogs: 2
Merrill's Ex-CEO to Lead CIT
By Susanne Craig And Mike Spector Former Merrill Lynch & Co. chief John Thain is joining embattled lender CIT Group Inc., bringing together two prominent casualties of the credit crisis.Mr. Thain, who left Bank of America Corp. 13 months ago amid
Articles: 264 | Blogs: 20
Merrill ex-CEO Thain lands at troubled CIT Group
In this Jan. 29, 2005 file photo, then CEO of the New York Stock Exchange John Thain speaks at the World Economic Forum in Davos, Switzerland. Thain, who brokered Merrill Lynchs' controversial sale to Bank of America, is taking over as chairman and CEO
Articles: 170 | Blogs: 14
S&P cuts outlook on Citigroup, Bank of America
NEW YORK -- Standard & Poor's Ratings Services on Tuesday cut its outlook on Citigroup Inc. and Bank of America Corp. to "negative" from "stable," saying bond holders could take a hit if the government steps in again to support banks. The negative
Articles: 120 | Blogs: 14
Paulson, Buffett say US needed tough medicine
The men were speaking before the annual meeting of the Greater Omaha Chamber of Commerce in Omaha, Nebraska, where Buffett's insurance and investment company Berkshire Hathaway Inc is based. CNBC simulcast their talk on its website.
Paulson and many
Articles: 106 | Blogs: 4
Judge Has Questions on $150 Million SEC-BofA Accord
NEW YORK (Reuters) - A federal judge has ordered the U.S. Securities and Exchange Commission and Bank of America Corp <BAC.N> to answer questions about their proposed $150 million settlement to resolve the regulator's two lawsuits over the Merrill
Articles: 95 | Blogs: 8
A Good Counterintuitive Piece on an Ex-Goldmanite
Gensler’s years at Treasury and Goldman Sachs — at age 30 he became one of the firm’s youngest partners — make him a formidable foe for Wall Street, CFTC Commissioner Bart Chilton said. In agency discussions on how firms trade and account for their
Articles: 66 | Blogs: 3
Lawyer misconduct rises with foreclosure record
Warren Jacobs was desperate when he received a "robo-call" promising to help him stave off foreclosure of his home near Dallas.
The father of six had lost his construction job, lacked health insurance and couldn't pay bills for his 17-year-old
Articles: 26 | Blogs: 4
New IIM-A placement system receives good response
The new placement system for the final year post-graduate programme students of the Indian Institute of Management-Ahmedabad (IIM-A), introduced from the current academic year, received an enthusiastic response as it began here Sunday.
The new system
Articles: 71 | Blogs: 3
Florida Settles With Countrywide For $17M
TALLAHASSEE, Fla. (AP) -- More than 2,700 Florida homeowners can look for a nice-sized check in their mailboxes this week.
The checks, which will be for just over $6,000 each, are part of a $16.9 million settlement with Countrywide Financial
Articles: 172 | Blogs: 8
Countrywide settlement means $6K for some homeowners
More than 2,700 Florida homeowners can look for a nice-sized check in their mailboxes this week.
The checks, which will be for just over $6,000 each, are part of a $16.9 million settlement with Countrywide Financial Corporaton, Attorney General Bill
Articles: 217 | Blogs: 15
Gov't mortgage plan aids 12 percent of borrowers
WASHINGTON — The government's mortgage relief plan has helped only about 12 percent of borrowers who signed up since President Barack Obama announced the program a year ago.
The Treasury Department said Wednesday that as of last month, about 116,000
Articles: 225 | Blogs: 11
Treasury announces 4 more warrant auctions
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WASHINGTON — The Treasury Department said Thursday it has authorized another four auctions of bank warrants to recoup taxpayer money from the controversial financial bailout fund.
Treasury said that four banks including Bank of
Articles: 136 | Blogs: 10
Ken Lewis Knew: SEC Shows Deposition of Former BofA Chief
Merrill Lynch Chairman and CEO John Thain, left, and Bank of America Chairman and CEO Ken Lewis announce the merger, Sept. 15, 2008. (AP)
The investigations into Bank of America’s lack of disclosure about mounting losses at Merrill Lynch before the two
Articles: 54 | Blogs: 3
The Two Faces of Citi
Then again, on any given day the bank's shares (ticker: C), which have fallen about 93% in the past five years, could start to rally on signs of earnings improvement, eventually even doubling in price. If you don't like suspense and excitement, don't
Articles: 46 | Blogs: 5
UCLA gets trapped in Dawg pound
at Bank of America Arena, UCLA's worst loss of the Howland era and worst loss ever at Washington.
beginning.
times.
SEATTLE - It was one of those days, and it started early.
An awkward 3-point attempt by Nikola Dragovic on the first possession.
A
Articles: 285 | Blogs: 13
Federal Judge Approves BOA Settlement Over SEC Charges
NEW YORK -- A federal judge said Monday he would reluctantly approve an amended $150 million settlement between the Securities and Exchange Commission and Bank of America to end civil charges accusing the bank of misleading shareholders when it
Articles: 251 | Blogs: 15
Cell phone photo apps let you bank money without waiting in line or filling out deposit slips
Check this out: Deposit money by taking a photo
NEW YORK — In the near future, you might not even have to visit a bank or an ATM to deposit a check. You'll simply snap a couple of photos of it with your cell phone.
Applications to do just that are
Articles: 204 | Blogs: 13
Check this out: Deposit money by taking a photo
NEW YORK In the near future, you might not even have to visit a bank or an ATM to deposit a check. You'll simply snap a couple of photos of it with your cellphone.
Applications to do just that are already available for Apple's iPhone and other gadgets
Articles: 151 | Blogs: 7
Stocks rebound Wednesday as Bernanke sees rates staying low
NEW YORK —Federal Reserve Chairman Ben Bernanke gave the stock market the tonic it wanted: Interest rates will stay low.
Stocks rallied Wednesday and ended a two-day slide after Bernanke made his forecast during his semiannual report to
Articles: 155 | Blogs: 13
Serial killer's home up for sale in Sacramento
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SACRAMENTO, Calif. -- A "for sale" sign has gone up in front of the former home of Sacramento serial killer Dorothea Puente.
Puente was charged with murder after police unearthed seven bodies in the yard of the two-story Victorian
Articles: 85 | Blogs: 2
Lewis paid $32,171 in 2009
NEW YORK -- Former Bank of America Chief Executive Ken Lewis received a compensation package valued at $32,171 in 2009 as the bank struggled with loan losses and repaid billions in federal bailout money, according to an Associated Press analysis of
Articles: 39 | Blogs: 2
Deposit check with a click of your cell phone
NEW YORK -- In the near future, you might not even have to visit a bank or an ATM to deposit a check. You'll simply snap a couple of photos of it with your cell phone.
Applications to do just that are available for Apple's iPhone and other gadgets from
Articles: 119 | Blogs: 10
Treasury sets Bank of America warrant sale date
The Obama administration on Friday established its process for pricing billions of dollars worth of warrants that large banks must repurchase to exit the $700 billion bailout program.
The Treasury Department said the banks will make the first offer
Articles: 140 | Blogs: 8
Ford says he could have beaten NY Sen. Gillibrand
"It would have been a close, tough, tough fight," he said Tuesday. "The last thing I wanted to see was for this seat to go Republican."
Ford moved to New York after losing the 2006 U.S. Senate race in Tennessee, taking a job with Bank of America
Articles: 145 | Blogs: 9
Fitch: January credit card defaults up 11 percent
Fitch Ratings said Wednesday the number of credit card defaults surged 1.12 percentage points in January to 11.37 percent, the highest level since a record 11.52 percent in September.
Fitch analysts said the increase was largely driven by a payment
Articles: 189 | Blogs: 3
BoA Warrants Net Treasury Dept. $1.54B
(AP) The Treasury Department has received a record $1.54 billion from the sale of warrants it received from Bank of America as part of the support it provided during the financial crisis.
The Treasury said Thursday it sold 272.17 million warrants
Articles: 185 | Blogs: 12
Tribune bondholders sue over 2007 buyout
DOVER, Del. -- Bondholders in the Tribune Co. 's Chapter 11 bankruptcy case are suing the banks that financed the media company's 2007 leveraged buyout, claiming they knew that the resulting debt load would leave Tribune insolvent. The lawsuit was filed
Articles: 42 | Blogs: 5
Stocks jump after better-than-expected jobs report
unemployment rate held steady at 9.7 percent. Economists were expecting it to rise to 9.8 percent.
NEW YORK -- Stocks jumped Friday after the government's employment report showed fewer jobs were cut in February than expected.
Major stock indexes
Articles: 49 | Blogs: 2
The Rebound: Numbers tell story of market recovery
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NEW YORK - On March 9, 2009, it felt like the world was ending.
The Dow Jones industrial average had tumbled to a 12-year low of 6,547, and looked to keep plunging. A day later, Citigroup Inc. stopped the market's drop with news that
Articles: 101 | Blogs: 7
Glincher Realty alters credit facility terms
Real estate investment trust Glimcher Realty Trust said Monday it has extended and changed its agreement for its $470 million unsecured credit facility with its lenders, including KeyBank National Association and Bank of America NA.
Real estate
Articles: 208 | Blogs: 5
Bank of America Accused of Wrongly Repossessed Home, Parrot
PITTSBURGH (AP) -- A Pittsburgh-area woman is suing Bank of America, claiming it wrongfully repossessed her home and saying that a bank contractor trashed the house and took her parrot.
Forty-six-year-old Angela Iannelli sued Bank of America in
Articles: 449 | Blogs: 28
Bank Of America Halts Debit Card Overdrafts
NEW YORK (AP) ―
Bank of America customers will soon be unable to spend more than they have in the accounts linked to their debit cards. It's a step that may become a common move ahead of new regulations limiting overdraft fees.
Rules set by the
Articles: 207 | Blogs: 19
Bank of America ends overdraft fees on debit cards
NEW YORK | Bank of America customers soon won’t face overdraft fees on their debit cards — because they won’t be able to spend more than they have in their accounts.
Rules set by the Federal Reserve that will ban banks from
Articles: 168 | Blogs: 16
Bank of America Reports 21,000 Permanent Home Affordable Modifications Completed
CALABASAS, Calif., March 12 /PRNewswire/ -- Bank of America has completed nearly 21,000 mortgage modifications under the federal government's Home Affordable Modification Program (HAMP), according to the bank's latest monthly progress report to the
Articles: 49 | Blogs: 5
Loan modification plan still struggles
WASHINGTON - The Obama administration's foreclosure prevention program shed 24 percent of the almost 1.1 million borrowers who arranged trial loan modifications through February, the Treasury Department reported Friday
Lenders in the Home Affordable
Articles: 64 | Blogs: 4
Fed gets new oversight powers under Dodd bill: sources
Senator Christopher Dodd (D-CT) addresses the AFL-CIO Building and Construction Trades Presidential Candidates Forum in Washingtonn,in this March 28, 2007 file photo.
WASHINGTON (Reuters) - The Federal Reserve would win sweeping new powers over
Articles: 157 | Blogs: 18
Phillips-Van Heusen to buy Hilfiger for US$3B
Handout photo
Apax will get 1.92 billion euros in cash and 276 million euros’ worth of Phillips-Van Heusen common stock, New York-based Phillips-Van Heusen said in a statement Monday.
Phillips-Van Heusen Corp. agreed to buy apparel maker Tommy
Articles: 122 | Blogs: 10
Ex-Merrill Proprietary Trader Banned for Mismarking by U.K. FSA
March 16 (Bloomberg) -- Alexis Stenfors, a former senior trader at Bank of America’s Merrill Lynch unit in London, was banned for at least five years from holding a similar position by Britain’s financial regulator.
Stenfors was banned by the
Articles: 188 | Blogs: 7
Bank of America CEO says the bank 'missed the mark'
CHARLOTTE, N.C. — Bank of America CEO Brian Moynihan says in a letter to shareholders that the company "missed the mark" during the credit crisis and recession.
"Before and during the recent crisis, many of our collective business judgments missed the
Articles: 187 | Blogs: 11
Govt rewarded bank auditors with big bonuses
WASHINGTON — As banks gambled on the risky mortgages that helped create the worst financial crisis in generations, the U.S. government handed out millions of dollars in bonuses to regulators at agencies that missed or ignored warning signs that the
Articles: 9 | Blogs: 3
Feds rewarded bank auditors with big bonuses
to financial examiners, those employees and managers who scrutinize internal bank documents and sound the first alarms. Analysts, auditors, economists and criminal investigators also got awards.
Washington » As banks gambled on the risky mortgages
