News Source: The News Journal
| about 1 month ago
Bank of America's Wilmington-based credit card division trimmed its heavy losses somewhat last quarter, but continues to complicate the giant bank's efforts to regain its footing amid the financial crisis. And bank CEO Ken Lewis offered little...
News Source: Bradenton Herald
| about 1 month ago
N.C. — Bank of America Corp. said Friday it lost more than $2.2 billion in the third quarter as loan losses kept rising, providing more evidence that consumers are still struggling to pay their bills. The nation’s second-largest bank said it...
News Source: The New York Times
| about 1 month ago
Even as the economy continues to struggle, much of Wall Street is minting money and looking forward again to hefty bonuses. Many Americans wonder how this can possibly be. How can some banks be prospering so soon after a financial collapse, even...
News Source: The independent
| about 1 month ago
Bank of america yesterday showed that America's banking system is not yet out of the woods, slumping to a $1bn (£613m) third-quarter loss. The bank was reporting just a day after Goldman Sachs generated fresh controversy after it said it made $3.
News Source: The Courier-Mail
| about 1 month ago
America has announced that it lost $2.2 billion from July through September, the bank's second quarterly loss in the past year. The bad news wasn't a huge surprise, as analysts had predicted the bank would lose money in the third quarter. But it's...
News Source: The Hutchinson News
| about 1 month ago
Feinberg showed his most influence yet when he pushed outgoing Bank of America CEO Kenneth Lewis to relinquish $2.5 million in 2009 compensation. Lewis was said to have voluntarily agreed to do so on Thursday. Feinberg sought the deal because Lewis...