The U.S. Department of Labor fined Bank of America $2.2 million in back wages and interest, after 1,147 African-American job seekers claimed to have dealt with discriminatory hiring practices…
Two separate lawsuits alleging racial discrimination were filed in federal court in New York on Friday, against Bank of America and investment bank Cantor Fitzgerald.
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. Officials say Countrywide charged over 200,000 African-American and Hispanic borrowers higher fees and interest rates than white borrowers with a similar credit profile. The alleged discrimination […]
Here we go! Bank of America will charge its customers $5 a month to use their debit card starting in early 2012! The fee will apply to customers who use their debit card to make any purchases during the month, but won’t apply to those who only use it for ATM transactions. The BOA charge […]
Bank of America is delivering the U.S. its biggest job-cut blow of the year as the nation is battling unemployment woes. The bank will eliminate about 30,000 jobs in an effort to restore investor confidence and turn a negative tide that has swelled after the recession and amid the slow-growth economy. The jobs cut is […]
via bbc.co.uk 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. The Bank of America worker was kidnapped at his home early on Friday by three suspects, FBI spokeswoman […]
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.
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.