Last year, Bank of America had to settle with breaking even, but the bank finally reported a profit for the third quarter. CEO Brian Moynihan said in a
Banks, such as TD, are now offering financial assistance to furloughed workers who are uncertain about how long they will have to go without a paycheck. TD Bank
Bank of America’s second-quarter profits has risen 70 percent due to cost-cutting, according to employees of the company. The bank earned $3.6 billion during the quarter this year,
The Justice Department is bringing a lawsuit against Bank of America for selling defective mortgages. The bank is being sued for $1 billion for a program that was
Big banks, experiencing declining revenues and regulatory climate that cause them to create other ways to make money, are silently introducing or experimenting with fees that are sure
On Thursday, government officials will announce a record $26 billion settlement with the biggest banks related to foreclosure abuses including “robo-signing” of documents. Robo-signing is the practice of
Under pressure from protesters and consumers, Bank of America scrapped its plans to charge a $5-per-month debit fee. Rival banks backtracked on similar plans to impose fees in
Beginning in 2012, Bank of America will begin charging a $5 monthly fee for debit card purchases. The fee will be charged regardless of the amount bought with
