World news about “Bank of America” published by euronews.
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… 07/01/2013
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 financial… 24/10/2012
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 slumped in… 29/06/2011
US Senate report accuses HSBC of failing to prevent money launderingHSBC bank will issue a formal apology at a US senate watchdog meeting for allowing transactions that appear to be money laundering. A report following a… 17/07/2012
Bank of America settles mortgage disputeBank of America has settled a dispute with the US government-sponsored mortgage finance companies Fannie Mae and Freddie Mac. It will pay the equivalent of… 03/01/2011
Bank of America profit beats expectationsBank 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 $2.83… 16/04/2010
US taxpayer’s dollars start journey homeBank 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 few days… 03/12/2009
Bank of America losses a billionBank 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). The largest… 16/10/2009
BoA and Citi remain under pressureTop 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 billion… 17/07/2009
Citigroup and Bank of America’s results poorCitigroup has unveiled a major restructuring under which will split in two and dump weaker businesses and troubled assets. At the same time it reported… 16/01/2009
US Senate to vote on bailout packageBarack 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 says he… 15/01/2009
More cuts at Bank of AmericaBank 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 said the… 12/12/2008
