Occupy arrests in Boston, Washington

Occupy arrests in Boston, Washington

NEW YORK, Oct. 11 (UPI) -- Police arrested more than 100 protesters Tuesday in Washington and Boston as Republican and Democratic politicians split on support of the Occupy rallies.

N.Y. comptroller: 10K finance jobs at risk

ALBANY, N.Y., Oct. 11 (UPI) -- New York state Comptroller Thomas DiNapoli said the financial district of Wall Street could see 10,000 jobs erased by the end of 2012.

September shows surge in layoffs

CHICAGO, Oct. 5 (UPI) -- U.S. companies announced 115,730 layoffs in September, the highest total since April 2009, a private consulting firm said Wednesday.

Geithner: Debit fee pushback no shock

WASHINGTON, Oct. 4 (UPI) -- U.S. Treasury Secretary Timothy Geithner says the Obama administration will not retreat on banking reform despite the banks' latest pushback on debit card fees.

Durbin: BofA 'sticking it to' consumers

WASHINGTON, Oct. 3 (UPI) -- A top U.S. Senate Democrat said Monday Bank of America Corp. is "sticking it to American consumers" with a $5-per-month fee on most of its debit card accounts.
Citibank hits checking accounts with fee

Citibank hits checking accounts with fee

NEW YORK, Oct. 1 (UPI) -- U.S. banking giant Citigroup Inc. said this week it would charge $15 per month for checking account holders who kept a balance below $6,000.

Calif. dropping out of foreclosure talks

SACRAMENTO, Oct. 1 (UPI) -- California is dropping out of the 50-state coalition negotiating a settlement on behalf of foreclosed homeowners, the state's attorney general said Friday.
BofA says Web site glitches are fixed

BofA says Web site glitches are fixed

CHARLOTTE, N.C., Sept. 30 (UPI) -- Bank of America Friday acknowledged its Web site was experiencing glitches but said the problem was fixed and the incident was unrelated to a new fee.
Bank of America to add $5 monthly debit card fee

Bank of America to add $5 monthly debit card fee

CHARLOTTE, N.C., Sept. 29 (UPI) -- Bank of America said it will impose a $5-per-month fee on most of its debit card accounts in a policy that would begin in early 2012.
Dow closes with solid gains

Dow closes with solid gains

NEW YORK, Sept. 26 (UPI) -- U.S. market gains accelerated to the close of trading Monday, the Dow Jones industrial adding 2.53 percent after a week of volatile trading.
Berkshire Hathaway to repurchase stock

Berkshire Hathaway to repurchase stock

NEW YORK, Sept. 26 (UPI) -- U.S. investment firm Berkshire Hathaway Monday said it was taking its own medicine with a board-authorized stock repurchase program.
Nevada's Attorney General pursues BofA

Nevada's Attorney General pursues BofA

LAS VEGAS, Sept. 19 (UPI) -- Nevada Attorney General Catherine Cortez Masto said Bank of America is in violation of a 2009 fraud settlement involving Countywide Financial Corp.

Bank of America to cut costs by $5 billion

NEW YORK, Sept. 12 (UPI) -- Bank of America Chief Executive Officer Brian Moynihan said Monday the bank, largest in the United States, would trim annual costs by $5 billion.
Bank of America plans huge job cuts

Bank of America plans huge job cuts

CHARLOTTE, N.C., Sept. 10 (UPI) -- Bank of America Corp., the largest U.S. bank holding company, plans to cut 40,000 jobs, more than 10 percent of the workforce, executives say.
Banks said to balk at 'robo-signing' offer

Banks said to balk at 'robo-signing' offer

NEW YORK, Sept. 6 (UPI) -- U.S. banks are balking at an offer by state officials to limit their blame for alleged improper mortgage practices in return for a multibillion-dollar payment.
Page 2 of 4
Bank of America
A Bank of America logo is seen on a building in Washington on September 1, 2011. UPI/Roger L. Wollenberg

Bank of America Corporation (NYSE: BAC), an American multinational banking and financial services corporation, is the second largest bank holding company in the United States by assets[4], and the fourth largest bank in the U.S. by market capitalization. The bank is headquartered in Charlotte, North Carolina. Bank of America serves clients in more than 150 countries and has a relationship with 99% of the U.S. Fortune 500 companies and 83% of the Fortune Global 500. The company is a member of the Federal Deposit Insurance Corporation (FDIC) and a component of both the S&P 500 Index and the Dow Jones Industrial Average.[5][6][7] As of 2010, Bank of America is the 5th largest company in the United States by total revenue,[8] as well as the second largest non-oil company in the U.S. (after Walmart). In 2010, Forbes listed Bank of America as the 3rd biggest company in the world.[9] The bank's 2008 acquisition of Merrill Lynch made Bank of America the world's largest wealth manager and a major player in the investment banking industry.[10] The company holds 12.2% of all U.S. deposits, as of August 2009,[11] and is one of the Big Four banks in the United States, along with Citigroup, JPMorgan Chase and Wells Fargo—its main competitors.[12][13] According to its 2010 annual report, Bank of America operates "in all 50 states, the District of Columbia and more than 40 non-U.S. countries". It has a "retail banking footprint" that "covers approximately 80 percent of the U.S. population and in the U.S." it serves "approximately 57 million consumer and small business relationships" at "5,900 banking centers" and "18,000 ATMs".[14]

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Bank of America."
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