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Bank of America Corp.

A collection of news and information related to Bank of America Corp. published by this site and its partners.

Top Bank of America Corp. Articles

Displaying items 12-22
  • CIT Group to buy Pasadena lender OneWest Bank

    CIT Group to buy Pasadena lender OneWest Bank
    Pasadena's OneWest Bank, which rose from the ashes of failed high-risk home lender IndyMac Bank, agreed to be bought by commercial lender CIT Group Inc. in a $3.4-billion deal that would create the biggest bank based in Southern California. The...
  • Orange County home to third-largest Asian American population in U.S.

    Orange County home to third-largest Asian American population in U.S.
    When the Chinese School in Irvine opened in the 1970s as a home for teaching the native language and culture, only 30 students filled a handful of rented classrooms. Now, it has its own campus — bursting with more than 1,200 students. It's a...
  • Citi to pay $7 billion to settle mortgage securities probe

    Citi to pay $7 billion to settle mortgage securities probe
    Citigroup Inc has agreed to pay $7 billion to settle a U.S. investigation into shoddy mortgage-backed securities the bank sold in the run-up to the financial crisis, including the largest civil fraud penalty ever levied by the U.S. Justice Department....
  • Citi settlement will recoup Illinois pension losses

    Illinois will receive $84 million as part of a national $7 billion settlement resolving allegations by federal and state authorities that Citigroup Inc. sold risky mortgage-backed securities that harmed investors, which included pension systems and...
  • With Citigroup paying up, will feds' attention now turn to BofA?

    With Citigroup paying up, will feds' attention now turn to BofA?
    With Citigroup Inc. agreeing to pay $7 billion for issuing toxic mortgage securities, the Justice Department now turns to settling its case against what analysts call the biggest mortgage miscreant of all: Bank of America Corp. The government has...
  • County Judge candidates Terry Neal and Daniel Archer are a study in contrasts

    County Judge candidates Terry Neal and Daniel Archer are a study in contrasts
    Second of two parts. Choosing a county judge is a task that leaves most voters flailing in the dark, and the August election is going to require even more scrutiny than usual from voters because of behind-the-scenes maneuvering. A group of mostly...
  • The day ahead in business

    The day ahead in business
    Reports: June inducsrial proaction and capacity utilization, June PPI, NAHB housing market index for July, weekly mortgage applications Local earnings: Abbott Laboratories, Northern Trust Corp., RLI Corp. Other earnings: AMR Corp., Bank of America, eBay...
  • Bank of America earnings tumble 43% on mortgage litigation costs

    Bank of America Corp.'s second-quarter earnings plunged 43% as the nation's second-largest bank recorded 4 billion additional reasons to regret its 2008 purchase of high-risk home lender Countrywide Financial Corp. in Calabasas. Bank of America said...
  • Brown Cabinet picks headed to a vote

    Northampton County Council's Democrats on Wednesday chided Executive John Brown for limiting their opportunity to vet his trio of Cabinet nominees. Nonetheless, the latest batch of nominees seems poised for approval at Thursday's County Council meeting,...
  • Review: Bethlehem's The Brick builds much more than typical pizza

    Review: Bethlehem's The Brick builds much more than typical pizza
    When it comes to pizzerias, The Brick has a lot going for it. The brand-new ambience has a comfortable Mediterranean feel, and the well-crafted, made-from-scratch fare includes even desserts. This is not one of those ubiquitous neighborhood pizza palaces....
  • More than 1,000 flock to Allentown arena job fair

    More than 1,000 flock to Allentown arena job fair
    As the hum of arena construction pierced the lunchtime atmosphere Thursday in downtown Allentown, the line of people hoping to work at the PPL Center stretched for more than two blocks. Ferdinand Fowler of 14th Street, Allentown, squinted as he looked...