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The U.S. Justice Department says Bank of America has agreed to pay $335 million to resolve allegations that its Countrywide Financial unit discriminated against qualified African-American and Hispanic borrowers on home loans.
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Citigroup announced earlier this month that it would charge customers a $10 monthly fee if their account had a balance below $1,500…
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Bank of America is slashing 30,000 jobs in an effort to reverse a crisis of confidence among investors. It’s the largest single job reduction by a U.S. company this year.
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Three robbers abducted a bank worker, fixed a suspected bomb to his chest and used him to help rob a bank near the city of Miami in the US state of Florida, the FBI says.
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New York Attorney General Andrew Cuomo unveiled a major legal action against senior Bank of America executives Thursday over its controversial purchase of Merrill Lynch, including bringing civil charges against its former CEO Ken Lewis.
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Bank of America fired Jackie Ramos after she took a stand against the bank’s $15 “convenience” charges and $39 over-the-limit fees so she could sleep better at night.
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