Tags » Bank Of America Corp

U.S. Stocks Rally as S&P 500 Rebounds From Drop Into Correction

Bloomberg Business

U.S. stocks rallied, with the Standard & Poor’s 500 Index clawing back some of its losses from a global rout that sent the benchmark into a correction amid the steepest two-day drop since the financial crisis. 211 more words


Largest US banks all pass latest round of Fed 'stress tests'

WASHINGTON (AP) — All of the nation’s 31 largest banks are adequately fortified to withstand a severe U.S. and global recession and keep lending, the Federal Reserve says. 124 more words


The Feds Are Going After Angelo Mozilo -- Bank of America braced for $17bn settlement over mortgages case

Countrywide Financial Corp. co-founder Angelo Mozilo hasn’t entirely escaped prosecutors’ wrath for his company’s risky lending. A U.S. government task force wielding an innovative legal strategy plans to bring a civil case against him over the excesses of the subprime-mortgage boom. 975 more words


JPMorgan Accused Of Predatory Tactics In Minority Neighborhoods

JPMorgan Chase & Co has been sued by the city of Miami, accusing the bank of predatory mortgage lending in minority neighborhoods that allegedly caused a wave of foreclosures during the last decade’s housing crisis. 353 more words


Banker Deaths Leave Industry Concerned as Coroners Probe

Coroners in London are preparing to investigate two apparent suicides as unexpected deaths by finance workers around the world have raised concerns about mental health and stress levels in the industry. 817 more words

Will This Downgrade Hurt Bank of America (BAC) Today?

BY Tony Owusu

Bank of America shares were down 1.2% at $17.36 in early trading Monday.

TheStreet Ratings team rates BANK OF AMERICA CORP as a Buy with a ratings score of B. 369 more words


Bank of America to be fined $2.1 billion

The U.S Justice departments requested the court to order the Bank of America Corp to pay $2.1 billion in penalties after the bank was found liable for fraud over defective mortgages sold by its country wide unit. 16 more words