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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.
Government prepares to sue banks over mortgages

Government prepares to sue banks over mortgages

WASHINGTON, Sept. 2 (UPI) -- The federal government will sue a dozen U.S. banks, charging they misrepresented the quality of mortgage securities sold in the housing bubble, insiders said.
Banks, N.Y. reach deal on loan robo-signings

Banks, N.Y. reach deal on loan robo-signings

NEW YORK, Sept. 1 (UPI) -- Three banks and New York regulators reached a deal in which the banks agreed to rectify sloppy practices used in signing foreclosure documents.

Giants employee allegedly stole $1.5M

SAN FRANCISCO, Aug. 31 (UPI) -- A former front office employee has been charged with embezzling more than $1.5 million from the San Francisco Giants, the club says.

Big banks see downturn settling in

NEW YORK, Aug. 29 (UPI) -- A painful reality of lower expectations is beginning to feel real to the U.S. banking community, a former investment banker said.
Blum, Irving to star in Zoe Kazan's play

Blum, Irving to star in Zoe Kazan's play

NEW YORK, Aug. 29 (UPI) -- Amy Irving, Mark Blum and Jessica Collins are to star in the world premiere staging of Zoe Kazan's play, "We Live Here," Manhattan Theatre Club announced.

Libya has $1 billion frozen in U.S. banks

NEW YORK, Aug. 28 (UPI) -- Libya has more than $1 billion frozen in four U.S. banks, documents from the Treasury Department revealed.
Markets slide as gains fade in Europe

Markets slide as gains fade in Europe

NEW YORK, Aug. 25 (UPI) -- Markets soured on Wall Street Thursday with gains posted in Asia and early momentum heading south in Europe.
Warren Buffett gives Bank of America a $5B boost

Warren Buffett gives Bank of America a $5B boost

CHARLOTTE, N.C., Aug. 25 (UPI) -- Billionaire investor Warren Buffet gave Bank of America a boost Thursday as the U.S. bank announced he had invested $5 billion in the struggling company.

Homeowners offered cash for improvements

DETROIT, Aug. 23 (UPI) -- Homeowners in some Detroit neighborhoods can get up to $10,000 to help pay for improving the exteriors of their houses, officials say.

Bank: Early payment foreclosure a mistake

NEW PORT RICHEY, Fla., Aug. 23 (UPI) -- Bank of America said it made a mistake in filing to foreclose on a retired Florida couple who made their mortgage payment a week early.

UBS joins bank trend of layoffs

ZURICH, Switzerland, Aug. 23 (UPI) -- Swiss bank UBS said a cost-trimming effort would result in the loss of 3,500 jobs in the next 30 months.

BofA to lay off 3,500 and likely many more

CHARLOTTE, N.C., Aug. 19 (UPI) -- The largest U.S. bank, Bank of America, said it will cut 3,500 jobs before October and possibly thousands more later.

AECOM announces stock repurchase

LOS ANGELES, Aug. 18 (UPI) -- AECOM Technology Corp. of California, a technical and management support services firm, announced a $200 million common stock repurchase program.
BofA to sell Canadian credit card business

BofA to sell Canadian credit card business

CHARLOTTE, N.C., Aug. 15 (UPI) -- Bank of America said Monday it had agreed to sell its Canadian credit card business to TD Bank Group for an undisclosed amount.

AIG to sue BOA on mortgage bond losses

NEW YORK, Aug. 8 (UPI) -- Investment giant AIG said it will sue Bank of America to recoup more than $10 billion in losses on $28 billion of investments in mortgage-backed securities.

Credit on campus is waning ... but why?

CHICAGO, July 30 (UPI) -- The effects of a 2009 credit card reform bill on U.S. college students is unclear, although credit agreements are down by some measures, experts said.
Bankers to Washington: Do something now

Bankers to Washington: Do something now

WASHINGTON, July 28 (UPI) -- The nation's top bankers and other executives Thursday urged U.S. President Barack Obama and Congress to come to terms to solve the debt-deficit crisis now.

Bank of America to shut processing center

KINGSTON, N.Y., July 20 (UPI) -- Bank of America Corp. will close a New York tax-processing center with 1,000 employees in part because people increasingly file online, the company said.

Hoover, Dirt Devil up for sale

WASHINGTON, July 16 (UPI) -- TTI Floor Care North America Inc., which owns the Hoover and Dirt Devil vacuum cleaner brands, has put itself up for sale, officials said.
Pepco utility ranked worst company

Pepco utility ranked worst company

WASHINGTON, July 12 (UPI) -- A track record of frequent, long outages and customer complaints earned energy provider Pepco recognition as the most hated company in America, a report showed.
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