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Bank of America

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Five global banks to pay €5 billion for rate rigging

Five of the world’s biggest banks have been fined over 5 billion euros. Four of the banks: Citigroup, JP Morgan Chase, Royal Bank of Scotland and

Five of the world’s biggest banks have been fined over 5 billion euros. Four of the banks: Citigroup, JP Morgan Chase, Royal Bank of Scotland and

News

Bank of America to pay up in record damages deal

Bank of America and the US Justice Department have reached a landmark deal to resolve allegations of mortgage misconduct in the run-up to the

Bank of America and the US Justice Department have reached a landmark deal to resolve allegations of mortgage misconduct in the run-up to the

News

Bank of America to "review conditions" after death of intern

Bank of America Merrill Lynch has said it is reviewing its working conditions following the death of a German intern. Moritz Erhardt from south

Bank of America Merrill Lynch has said it is reviewing its working conditions following the death of a German intern. Moritz Erhardt from south

News

Slavery in the City leads to death of a bank intern

The death of a 21-year-old intern Moritz Erhardt, who was working at Bank of America in London, has led to calls for an overhaul of working patterns

The death of a 21-year-old intern Moritz Erhardt, who was working at Bank of America in London, has led to calls for an overhaul of working patterns

Business

Bank of America's multi-billion bad debt buyback

In the United States, Bank of America is forking out nine billion euros to settle a long-running row with the government-owned mortgage agency Fannie

In the United States, Bank of America is forking out nine billion euros to settle a long-running row with the government-owned mortgage agency Fannie

Business

Bank of America sued over mortgage fraud

US government prosecutors are going after some of those accused of selling sub-prime mortgages, the trigger for the bank meltdown that led to the

US government prosecutors are going after some of those accused of selling sub-prime mortgages, the trigger for the bank meltdown that led to the

Business

BofA settles Countrywide investors claims

Bank of America is to pay $8.5 billion (5.9 billion euros) to a group of investors to settle a claim over bonds based on sub-prime mortgages which

Bank of America is to pay $8.5 billion (5.9 billion euros) to a group of investors to settle a claim over bonds based on sub-prime mortgages which

Business

Bank of America settles mortgage dispute

Bank of America has settled a dispute with the US government-sponsored mortgage finance companies Fannie Mae and Freddie Mac. It will pay the

Bank of America has settled a dispute with the US government-sponsored mortgage finance companies Fannie Mae and Freddie Mac. It will pay the

Business

Bank of America profit beats expectations

Bank of America has made its first quarterly profit since last summer. The largest US bank in terms of assets said its net income increased to

Bank of America has made its first quarterly profit since last summer. The largest US bank in terms of assets said its net income increased to

Business

US taxpayer's dollars start journey home

Bank of America has created the surprise of the week so far by announcing it will repay 45 billion dollars of taxpayer bailout funds over the next

Bank of America has created the surprise of the week so far by announcing it will repay 45 billion dollars of taxpayer bailout funds over the next

Business

Bank of America losses a billion

Bank of America has posted a quarterly loss for the second time in less than a year. This time it was one billion dollars (672 million euros)

Bank of America has posted a quarterly loss for the second time in less than a year. This time it was one billion dollars (672 million euros)

Business

BoA and Citi remain under pressure

Top US banks continue to struggle. The largest, Bank of America, has just posted lower earnings. Second-quarter net income fell 25 percent to 2.4

Top US banks continue to struggle. The largest, Bank of America, has just posted lower earnings. Second-quarter net income fell 25 percent to 2.4

Business

European markets suffer

European markets fell, for two main reasons. Investors worried about the economic impact of swine flu, as well as concerns in the banking sector

European markets fell, for two main reasons. Investors worried about the economic impact of swine flu, as well as concerns in the banking sector

Business

Citigroup and Bank of America's results poor

Citigroup has unveiled a major restructuring under which will split in two and dump weaker businesses and troubled assets. At the same time it

Citigroup has unveiled a major restructuring under which will split in two and dump weaker businesses and troubled assets. At the same time it

News

US Senate to vote on bailout package

Barack Obama has renewed his pledge to make kickstarting the US economy a top priority in his first 100 days in office. The US president-elect

Barack Obama has renewed his pledge to make kickstarting the US economy a top priority in his first 100 days in office. The US president-elect

Business

More cuts at Bank of America

Bank of America has announced plans to slash as many as 35,000 jobs over the next three years as it wraps up its takeover of Merrill Lynch. The bank

Bank of America has announced plans to slash as many as 35,000 jobs over the next three years as it wraps up its takeover of Merrill Lynch. The bank