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Bank of America

Latest Headlines

Latest Headlines

Investment banking jobs face downsizing rumors

As bond trading revenues continue to fall, some rumors about investment banking job cuts are beginning to swirl. Deutsche Bank reportedly plans to cut another 500 jobs in its investment bank in...

Deadline looming, banks negotiate extended XP support to finish ATM upgrades

With Microsoft scheduled to withdraw support for its XP operating system April 8, banks around the world are negotiating support extensions as they scramble to upgrade automated teller machines to Windows 7. Several banks are reportedly using the forced migration to modernize their ATMs, adding new capabilities such as reading chips instead of magnetic stripes.

Citigroup valuation draws attention

Since the financial crisis, the top banks have each taken a turn as the hot stock. Bank of America Corp. was perhaps the big winner over the last two years. Is it time for Citigroup Inc.'s time...

Bank of America ponders its mobile future

By dint of its sheer size and massive mobile investment, Bank of America Corp. has to be considered a must-watch consumer bank. Few other banks can boast that its customers are logging on to its...

Performance of mortgage crisis vendor brings new criticism to Bank of America

Here is a little-known tactic for dealing with irate mortgage customers: have the CEO outsource a customer complaint operation to a third party. That is precisely what Bank of America Corp. did as...

Bank of America pays to clean up crisis mess

Perhaps more than any other publication, ProPublica has feasted on the easy-to-criticize issues presented by the financial crisis. In particular, it was tough on the hedge fund Magnetar, which has...

JPMorgan tops in consumer service, Bank of America last

Big banks have all taken their turns as the poster child of anti-consumer bank practices, especially when it comes to media coverage. But not all banks have been made to suffer equally when it comes...

Bank of America settles CDO charges

You may have thought all the enforcement action linked to CDOs crested with the high-profile prosecutions of Goldman Sachs Group Inc. and Citigroup Inc., not to mention Fabrice Tourre, formerly of...

Despite review, Walmart keeps 401(k) plan at Bank of America

Wal-Mart Stores Inc., which runs a massive employee retirement plan, gave Bank of America Corp. quite a scare earlier this year when the retailer said it was putting its 15-year-old account up for review. Wells Fargo & Co. was mentioned as a bank in the running to manage the plan.

Bank of America stock in perspective

Bank of America's hometown newspaper weighed in with an interesting look at the big bank's stock. After a dismal 2011--during which it fell nearly 60 percent--shares rebounded impressively...