Bank of America

Morgan Stanley to slash 1600 jobs Fri, 12/16/2011 - 20:35 by Jaspreet Virk It's going to be a tough new year for many at Morgan Stanley. The Wall Street bank has disclosed plans to cut 1600 jobs in the first three months of the coming year. Comments Read more	Bank of America customers might be able to escape debit card fee Sat, 10/29/2011 - 15:12 by Anter Prakash Singh Buffeted by public outrage, Bank of America Corp. (NYSE: BAC) is reported to be considering ways to allow customers to escape its proposed $5 monthly fee for debit card usage. Comments Read more	Fitch downgrades Lloyds, RBS, UBS Sat, 10/15/2011 - 15:25 by Jaspreet Virk Fitch Ratings has downgraded three European banks and put another seven lenders on the negative watch list. Comments Read more
Faulty mortgages would cost lenders dearly -- Bloomberg News report Sat, 09/17/2011 - 16:18 by Anter Prakash Singh According to the data collected by Bloomberg News, the five biggest home lenders of the country would face a loss of at least $65.7 billion due to the faulty mortgages and the foreclosure abuses. Comments Read more	Bank of America may close 600 branches, axe 30000 jobs Fri, 09/09/2011 - 16:43 by Anter Prakash Singh The Bank of America may close 600 branches and lay off around 30,000 employees in the coming years, according to several media reports. Comments Read more	FHFA to sue banks over flawed mortgages Fri, 09/02/2011 - 16:39 by Jaspreet Virk The Federal Housing Finance Agency (FHFA) is preparing to drag more than dozen of banks to court over mortgage-backed securities. Comments Read more
Bank of America gets $5bn investment from Buffett Fri, 08/26/2011 - 17:09 by Anter Prakash Singh Investment guru Warren Buffett has invested $5 billion in the Bank of America, the largest bank of the country which is in deep financial trouble owing to the faulty mortgages. Comments Read more	Bank of America to axe 3,500 Jobs Sun, 08/21/2011 - 13:47 by Rahul K. Chaudhary Bank of America Corporation, which has long been waning at the stock market and is plagued by various sensitive issues like bad mortgages, is set to lay off 3,500 workers by the end of this quarter in September. Comments Read more	Home owners oppose BoA's plans to sell Tamarack ski lifts Tue, 07/05/2011 - 11:19 by Anter Prakash Singh The homeowners at Tamarack Resort at Idaho are a worried lot. The Bank of America has applied for the removal of two lifts installed there after the resort defaulted in paying to the bank. Comments Read more
BOA to pay $8.5 billion as mortgage claims Thu, 06/30/2011 - 11:44 by Anter Prakash Singh The announcement of the $8.5 billion settlement by the Bank of America is not good news for the home owners particularly those who are at a risk of facing a foreclosure for the deal includes a clause that the Bank will deploy extra ‘subservicers’ to hasten the foreclosure process. Comments Read more	Bank of America nears $8.5 billion on securities refund Wed, 06/29/2011 - 10:03 by Rahul K. Chaudhary In a deal likely to resolve its disputes with a group of influential investors that endured financial loss on securities backed by mortgage, the Bank of America is nearing an $8.5 billion reimbursement to its investors in order to settle their damages claims. Comments Read more	Bank of America to double its Financial Solution Advisors Thu, 06/23/2011 - 15:21 by Anter Prakash Singh Bank of America, in an endeavor to better serve its preferred customers, is going to double the number of Financial Solution Advisors (FSA) by the end of this year. Comments Read more