Reports Of New BofA Layoffs Misleading
Headlines Thursday were full of news that Bank of America will cut 16,000 jobs by the end of the year. But the headlines can be misleading.These layoff reports give the impression that every few months...
View ArticleBig Banks Now Required To Improve Service On Home Loans
Getting a mortgage modified should be significantly easier as of today - assuming five of the nation's largest lenders deliver on promises they made in a $25 billion settlement signed six months...
View ArticleBofA Gets Praise From Housing Counselors
When Bank of America announces quarterly earnings this week, foreclosures and defaulting loans will once again be a key part of the equation.The Charlotte bank has spent four years wading through a sea...
View ArticleU.S. Sues BofA For $1 Billion For Mortgage Fraud
Federal prosecutors in Manhattan sued Bank of America for $1 billion on Wednesday, alleging the bank defrauded government-sponsored mortgage giants Fannie Mae and Freddie Mac.The lawsuit is the latest...
View ArticleBofA Shines In Mortgage Settlement Status Update
The nation's five largest mortgage servicers – including Bank of America and Wells Fargo – have so far provided more than $20 billion in homeowner relief under a settlement with state attorneys...
View ArticleLatest Settlement Shows 'Light At The End Of The Tunnel' For BofA
We've already established that Bank of America's 2008 acquisition of Countrywide was a costly move – and a mistake in the view of many. The Charlotte bank has spent tens of billions of dollars on...
View ArticleBofA Shareholders Get Folksy Welcome
Bank of America shareholders gathered for their annual meeting in Uptown Charlotte Wednesday morning.Four years after the financial crisis, these meetings have settled into a familiar routine: a few...
View ArticleBofA Trims Drive-Up Service In Some Branches
Bank of America is eliminating drive-through teller service at some of its branches across the country – including six locations in the Charlotte region.
View ArticleBofA Plods Toward More Basics, Less Risk
Bank of America continues its steady plod toward a more boring future focused on banking basics, rather than the risky behaviors that drove profits during the high-flying years.
View ArticleBank Of America Lowest Among Peers In Customer Satisfaction Index
Bank of America remains in last place among big banks in a widely watched measure of customer satisfaction, and is the only one that has yet to return to the higher scores it earned before the...
View ArticleFormer BofA Executive Pleads Guilty To Fraud Conspiracy
A former Bank of America executive has pleaded guilty for his part in a conspiracy and fraud involving investment contracts stemming from the proceeds of municipal bonds.
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