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Bank of America Corp.

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Top Bank of America Corp. Articles

Displaying items 89-99
  • Shrinking would untangle regulation: Front Burner

    The idea that some banks are "too big to fail" became common in 1984 when Continental Illinois was on the brink of failure. The seventh-largest bank in the U.S. at the time, Continental Illinois had $40 billion in assets, but many of those assets were bad...
  • Should big banks be broken apart?: Front Burner

    First lady Michelle Obama has led the charge to cut Americans down to size, encouraging couch spuds to reduce their girth. Not only are diet discussions gaining traction in supermarkets, but also in U.S. financial markets. A rising chorus of powerful...
  • Regulators pushing banks to rid casinos of money-laundering

    NEW YORK (Reuters) - Large global banks are facing increased pressure from U.S. regulators to clamp down on casino money-laundering as the government pushes the industry to police not only its own transactions but customers' as well.     Bankers,...
  • U.S. investors switch out of Europe as recovery bet sours

    LONDON (Reuters) - U.S. investors are withdrawing billions of dollars from European stocks as signs of a stalled economic recovery, compounded by the Ukraine crisis, halt the past year's scramble to buy back into the region. The switch out of Europe into...
  • Bank of America could get tax break on part of $16 billion mortgage settlement

    As Bank of America prepares for a possible multibillion-dollar settlement with the government, the deal is expected to share a feature common to similar settlements with other banks a big portion that's tax-deductible as a business expense. The...
  • Two suspects held in Poinciana bank robbery

    Two suspects held in Poinciana bank robbery
    Two suspects are being questioned about a Bank of America robbery Friday afternoon in Poinciana, according to the Osceola County Sheriff's Office. A lone robber walked into the bank on South Doverplum Avenue at 2:35 p.m. and demanded cash after...
  • BofA agrees to pay $17-billion penalty over mortgage meltdown

    BofA agrees to pay $17-billion penalty over mortgage meltdown
    Bank of America Corp. has agreed to fork over nearly $17 billion to settle government claims over toxic mortgage securities that helped trigger the Great Recession, according to people close to the negotiations with the Justice Department. The agreement...
  • Bank of America wins Fed OK to raise stock dividend to 5 cents

    Bank of America has won approval from the Federal Reserve to raise its quarterly common stock dividend to 5 cents per share after it postponed the same plan earlier this year because it miscalculated its capital ratios. On Wednesday, the Fed said it...
  • READER SUBMITTED: Middletown Motorcycle Mania

    Chairman Richard Carella of the Middlesex County Chamber of Commerce announced that the 9th annual Middletown Motorcycle Mania, presented by Hunter Limousines, Hunter's Ambulance and the Hunter Family, will be held on Wednesday, Aug. 13, on Main St. in...
  • BofA reportedly in $17-billion settlement over toxic loan securities

    BofA reportedly in $17-billion settlement over toxic loan securities
    Bank of America Corp. has agreed to fork over nearly $17 billion to settle government claims over toxic mortgage securities that helped trigger the Great Recession, according to people close to the negotiations with the Justice Department. The agreement...
  • It may be too early to give up on the bull market in equities

    NEW YORK/LONDON (Reuters) - Investors fretting about the possibility of a big reversal in global stock markets may just want to borrow a slogan from the British - and just keep calm and carry on. It won't be easy given the background noise. Fears of a...