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Bank of America Corp.

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Top Bank of America Corp. Articles

Displaying items 89-99
  • Jesus Burgers offers Isla Vista food for body and spirit

    Jesus Burgers offers Isla Vista food for body and spirit
    Angela Boyd bounced on the balls of her feet as the smell of sizzling meat pierced the ocean breeze. The 19-year-old and her friends were about to celebrate her birthday in Isla Vista, but they were making a pit stop at the Jesus Burgers house. Music,...
  • Audits: As Amistad Finances Collapsed, State Money Kept Flowing

    Audits: As Amistad Finances Collapsed, State Money Kept Flowing
    When the cash began running out at the nonprofit Amistad America Inc., officials defaulted on bank loans, skimped on bills, borrowed from employees and used state grant money as a temporary loan against other grants, a series of audits released Friday...
  • 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...
  • 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...
  • Home equity line defaults are likely to rise

    Home equity line defaults are likely to rise
    A wave of potential defaults on home equity lines of credit could start arriving in the next few years as Americans face a day of reckoning on their boom-era borrowing. Many homeowners who took out home equity lines, essentially second mortgages, during...
  • 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...
  • 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...
  • 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 said to agree to pay up to $17 billion in settlement

    Bank of America has agreed in principle to pay between $16 billion and $17 billion to settle with the U.S. Justice Department over the sale of faulty mortgage bonds, a person familiar with the talks said Wednesday. The news came the same day the bank...
  • Nearly 20% of home equity loans face higher default risk, report says

    Nearly 20% of home equity loans face higher default risk, report says
    As much as $79 billion in home equity lines of credit are at heightened risk for default in coming years as Americans face a day of reckoning on their boom-era second mortgages, a new study found. Many home owners who took out so-called HELOCs during...
  • Hartford's Ballpark Plan Economic Catalyst

    The plan to redevelop Hartford's Downtown North, accelerated by the proposed construction of a stadium for the Double A baseball Rock Cats, has been described as ambitious. So it is. Being timid hasn't gotten it done for our neighborhoods and our city,...