http://topics.edition.cnn.com/topics/feeds/rss/Bank_of_America_CorporationFind stories, videos, and photos about Bank of America Corporation from CNN.com.en-usCable News Network LP, LLLP.Wed, 25 Nov 2009 18:31:10 GMT5http://i.cdn.turner.com/cnn/.element/img/1.0/logo/cnn.logo.rss.gifhttp://topics.edition.cnn.com/topics/feeds/rss/Bank_of_America_Corporation14433Find stories, videos, and photos about Bank of America Corporation from CNN.com.http://money.cnn.com/2009/11/17/news/companies/bofa_merrill_lynch.fortune/index.htmhttp://money.cnn.com/2009/11/17/news/companies/bofa_merrill_lynch.fortune/index.htmToday, Congress may finally be closing in on an answer to one of the great open questions from the Crash of 2008: Why did Bank of America management not tell its shareholders about the mounting fourth-quarter losses at Merrill Lynch a few weeks before shareholders voted to approve BofA's $50 billion acquisition of Merrill on December 5, 2008? Some members of the House Committee on Oversight and Government Reform think they finally have found their smoking gun in a series of previously unseen documents that recount BofA's deliberations on whether to tell shareholders about the Merrill losses. The documents are said to include the advice BofA management received from its law firm, Wachtell Lipton, on the issue. Additional, fireworks may come from Tim Mayopoulos and Brian Moynihan -- former and current BofA executives, respectively -- who are expected to testify before Congress today.Tue, 17 Nov 2009 14:36:00 ESThttp://money.cnn.com/2009/10/16/news/companies/bank_of_america_results/index.htmhttp://money.cnn.com/2009/10/16/news/companies/bank_of_america_results/index.htmBank of America proved no match for the ongoing recession as the nation's biggest bank reported a steep loss Friday.Fri, 16 Oct 2009 18:24:00 EDThttp://money.cnn.com/2009/10/15/news/companies/bofa_lewis_salary/index.htmhttp://money.cnn.com/2009/10/15/news/companies/bofa_lewis_salary/index.htmIn the past, Bank of America Chief Executive Officer Ken Lewis has received an annual salary of $1.5 million. But this year he will get nothing.Fri, 16 Oct 2009 18:08:00 EDThttp://money.cnn.com/2009/10/16/markets/premarkets/index.htmhttp://money.cnn.com/2009/10/16/markets/premarkets/index.htmU.S. stocks were expected to open lower Friday after General Electric posted lower-than-expected revenue and Bank of America reported a worse-than-expected loss.Fri, 16 Oct 2009 11:29:00 EDThttp://money.cnn.com/2009/10/13/news/companies/bank_of_america_merrill_info/index.htmhttp://money.cnn.com/2009/10/13/news/companies/bank_of_america_merrill_info/index.htmBank of America Corp. has agreed to share previously undisclosed information related to its purchase of Merrill Lynch with regulators investigating whether the company misled shareholders, the Securities and Exchange Commission said Tuesday.Tue, 13 Oct 2009 16:40:00 EDThttp://money.cnn.com/2009/10/13/news/companies/banks.quarter.fortune/index.htmhttp://money.cnn.com/2009/10/13/news/companies/banks.quarter.fortune/index.htmA year after the government applied a tourniquet to the banking industry, the bleeding has slowed -- but it hasn't stopped.Tue, 13 Oct 2009 15:39:00 EDThttp://money.cnn.com/2009/10/05/news/economy/bailout_report/index.htmhttp://money.cnn.com/2009/10/05/news/economy/bailout_report/index.htmA government watchdog says federal officials weren't entirely honest with the public about the health of the first 9 financial firms that got federal bailouts, according to a report released Monday.Mon, 05 Oct 2009 14:09:00 EDThttp://money.cnn.com/2009/10/01/news/companies/bofa_lewis/index.htmhttp://money.cnn.com/2009/10/01/news/companies/bofa_lewis/index.htmThe exit of Bank of America chief executive officer Ken Lewis may silence some of his staunchest critics, but his departure is raising more questions than answers about the fate of the nation's largest bank.Thu, 01 Oct 2009 17:51:00 EDThttp://money.cnn.com/2009/09/23/news/companies/bank_of_america_overdraft_fees/index.htmhttp://money.cnn.com/2009/09/23/news/companies/bank_of_america_overdraft_fees/index.htmBank of America and JPMorgan Chase said Monday they will reduce overdraft fees and overhaul checking account options, amid a burgeoning backlash over banks' policies on overspending.Wed, 23 Sep 2009 12:53:00 EDThttp://money.cnn.com/2009/09/21/news/companies/BofA/index.htmhttp://money.cnn.com/2009/09/21/news/companies/BofA/index.htmBank of America said Monday it will pay the U.S. government $425 million to end a federal backstop of assets related to its purchase of troubled brokerage Merrill Lynch earlier this year.Mon, 21 Sep 2009 23:12:00 EDThttp://money.cnn.com/2009/09/16/news/companies/bank_of_america_subpoenas/index.htmhttp://money.cnn.com/2009/09/16/news/companies/bank_of_america_subpoenas/index.htmNew York Attorney General Andrew Cuomo issued subpoenas to five Bank of America board members on Wednesday, as part of his investigation into the bank's purchase of Merrill Lynch a year ago, a source close to the investigation told CNN.Wed, 16 Sep 2009 20:30:00 EDThttp://money.cnn.com/2009/09/15/news/companies/bofa_sec/index.htmhttp://money.cnn.com/2009/09/15/news/companies/bofa_sec/index.htmThe outrage over big bonuses paid to Merrill Lynch employees is quickly becoming less a scandal for Bank of America and more of another black eye for Wall Street's top cop in Washington.Tue, 15 Sep 2009 22:23:00 EDThttp://money.cnn.com/2009/09/09/news/companies/bofa_sec/index.htmhttp://money.cnn.com/2009/09/09/news/companies/bofa_sec/index.htmBank of America and regulators once again urged a federal judge to uphold a $33 million settlement tied to the disclosure of Merrill Lynch bonuses.Thu, 10 Sep 2009 19:47:00 EDThttp://money.cnn.com/2009/09/01/news/companies/bofa.tarp.fortune/index.htmhttp://money.cnn.com/2009/09/01/news/companies/bofa.tarp.fortune/index.htmIs Bank of America really doing well enough to get off the government dole?Tue, 01 Sep 2009 19:34:00 EDThttp://money.cnn.com/2009/09/01/news/companies/bank_america_trouble.breakingviews/index.htmhttp://money.cnn.com/2009/09/01/news/companies/bank_america_trouble.breakingviews/index.htmThe U.S. Treasury shouldn't let Bank of America out of the penalty box just yet.Tue, 01 Sep 2009 19:18:00 EDThttp://money.cnn.com/2009/09/01/markets/thebuzz/index.htmhttp://money.cnn.com/2009/09/01/markets/thebuzz/index.htmMonday was a good day for the markets.Tue, 01 Sep 2009 16:42:00 EDThttp://money.cnn.com/2009/08/03/news/companies/krawcheck_bank_of_america/index.htmhttp://money.cnn.com/2009/08/03/news/companies/krawcheck_bank_of_america/index.htmBank of America announced a management shakeup Monday, promoting three to the bank's senior executive team and hiring former Citigroup executive Sallie Krawcheck to run the bank's global wealth management unit.Tue, 04 Aug 2009 11:19:00 EDThttp://money.cnn.com/2009/08/03/markets/markets_newyork/index.htmhttp://money.cnn.com/2009/08/03/markets/markets_newyork/index.htmStocks, coming off the best July in two decades, got a strong August start Monday after better-than-expected readings on manufacturing and car sales added to bets that the economy is starting to stabilize.Mon, 03 Aug 2009 21:55:00 EDThttp://money.cnn.com/2009/08/03/news/companies/bank_of_america_sec/index.htmhttp://money.cnn.com/2009/08/03/news/companies/bank_of_america_sec/index.htmThe Securities and Exchange Commission filed charges Monday against Bank of America for misleading investors about billions of dollars in bonuses paid to top executives at Merrill Lynch following its purchase of the brokerage giant.Mon, 03 Aug 2009 19:31:00 EDThttp://money.cnn.com/2009/07/28/news/companies/BAC_branch_closures/index.htmhttp://money.cnn.com/2009/07/28/news/companies/BAC_branch_closures/index.htmBank of America Corp. responded Tuesday to conflicting reports of branch closings by saying that the company has not made any final decisions.Tue, 28 Jul 2009 19:53:00 EDThttp://money.cnn.com/2009/07/17/news/companies/bofa_earnings.fortune/index.htmhttp://money.cnn.com/2009/07/17/news/companies/bofa_earnings.fortune/index.htmBank of America joined the ranks of big banks posting better-than-expected first-half profits this week.Fri, 17 Jul 2009 21:11:00 EDThttp://money.cnn.com/2009/07/13/news/companies/banks_quarter_preview/index.htmhttp://money.cnn.com/2009/07/13/news/companies/banks_quarter_preview/index.htmWill the big banks do it again?Tue, 14 Jul 2009 10:09:00 EDThttp://money.cnn.com/2009/07/13/news/companies/bank_america_ken_lewis_payback.breakingviews/index.htmhttp://money.cnn.com/2009/07/13/news/companies/bank_america_ken_lewis_payback.breakingviews/index.htmKen Lewis should get out his checkbook. The Bank of America boss never signed the deal he cut in January for the U.S. to backstop some $118 billion in Merrill Lynch assets. But that didn't become known until May, when the firm announced it wouldn't be taking the guarantee.Mon, 13 Jul 2009 17:17:00 EDThttp://money.cnn.com/2009/06/23/news/companies/banks_talent/index.htmhttp://money.cnn.com/2009/06/23/news/companies/banks_talent/index.htmThe so-called brain drain that big banks have worried about ever since the government stepped in to bail out the financial sector appears to be well underway.Tue, 23 Jun 2009 15:50:00 EDThttp://money.cnn.com/2009/06/11/news/companies/lewis_hearing_merrill/index.htmhttp://money.cnn.com/2009/06/11/news/companies/lewis_hearing_merrill/index.htmBank of America chief Ken Lewis told lawmakers Thursday that pressure from federal regulators played an important part in the company's decision to continue with its planned acquisition of Merrill Lynch late last year.Thu, 11 Jun 2009 18:45:00 EDThttp://money.cnn.com/2009/06/10/news/companies/bank_of_america/index.htmhttp://money.cnn.com/2009/06/10/news/companies/bank_of_america/index.htmBank of America CEO Ken Lewis heads to Capitol Hill on Thursday, and he's likely to be grilled by lawmakers about the government's role in ensuring that the bank complete its controversial merger with Merrill Lynch.Thu, 11 Jun 2009 14:28:00 EDThttp://money.cnn.com/2009/06/09/news/fed.disclosure.fortune/index.htmhttp://money.cnn.com/2009/06/09/news/fed.disclosure.fortune/index.htmFor the second time this year, the Federal Reserve is under pressure to come clean on its role in a costly government bailout of a big financial company.Tue, 09 Jun 2009 21:16:00 EDThttp://money.cnn.com/2009/06/04/news/banks.refi.fortune/index.htmhttp://money.cnn.com/2009/06/04/news/banks.refi.fortune/index.htmThe refinancing tide has ebbed, but mortgage profits for the nation's biggest banks are in no danger of drying up.Thu, 04 Jun 2009 09:54:00 EDThttp://money.cnn.com/2009/05/27/news/companies/bank_of_america/index.htmhttp://money.cnn.com/2009/05/27/news/companies/bank_of_america/index.htmBank of America said Wednesday that it was "well on its way" towards raising the nearly $34 billion in capital that government regulators said it must do earlier this month to have a buffer for future loan losses.Wed, 27 May 2009 13:46:00 EDThttp://money.cnn.com/2009/05/20/news/companies/life_insurance/index.htmhttp://money.cnn.com/2009/05/20/news/companies/life_insurance/index.htmBanks are using tax-free benefits from life insurance policies they hold for their employees to pay executive bonuses, deferred pay and pensions, according to a published report Wednesday.Wed, 20 May 2009 15:53:00 EDThttp://money.cnn.com/2009/05/15/news/companies/stress_test_management/index.htmhttp://money.cnn.com/2009/05/15/news/companies/stress_test_management/index.htmThe nation's leading banks may have been deemed solvent, but it remains to be seen whether top management at those firms will soon go bust.Fri, 15 May 2009 13:04:00 EDThttp://money.cnn.com/2009/05/12/news/companies/boa_ccb/index.htmhttp://money.cnn.com/2009/05/12/news/companies/boa_ccb/index.htmBank of America has raised $7.3 billion from the sale of 13.5 billion shares of China Construction Bank, according to published reports.Tue, 12 May 2009 08:55:00 EDThttp://money.cnn.com/2009/05/08/news/companies/bank_of_america_alone.fortune/index.htmhttp://money.cnn.com/2009/05/08/news/companies/bank_of_america_alone.fortune/index.htmThe curtain has been lifted: Bank of America must come up with $34 billion to meet the demands of its stress test by federal regulators. But the Federal Reserve's disclosure was followed by a far more surprising announcement from CEO Ken Lewis, who said that the bank would not, as some had speculated, convert the government's preferred stock into common equity.Mon, 11 May 2009 13:36:00 EDThttp://money.cnn.com/2009/05/06/news/companies/stress_tests_results/index.htmhttp://money.cnn.com/2009/05/06/news/companies/stress_tests_results/index.htmAt long last, investors will get some much-needed answers about whether the nation's biggest banks need more capital -- and how much.Thu, 07 May 2009 17:01:00 EDThttp://money.cnn.com/2009/05/06/news/early.stress.fortune/index.htmhttp://money.cnn.com/2009/05/06/news/early.stress.fortune/index.htmThe stress test results are starting to leak out, and even banks with middling grades are being treated as winners in the marketplace.Wed, 06 May 2009 20:52:00 EDThttp://money.cnn.com/2009/05/06/news/companies/stress_tests/index.htmhttp://money.cnn.com/2009/05/06/news/companies/stress_tests/index.htmThe U.S. government isn't due to reveal the results of its stress tests on banks until Thursday, but leaked results are painting a troubling picture.Wed, 06 May 2009 14:04:00 EDThttp://money.cnn.com/2009/04/30/news/companies/lewis_bank_of_america_out.breakingviews/index.htmhttp://money.cnn.com/2009/04/30/news/companies/lewis_bank_of_america_out.breakingviews/index.htmBy all accounts, Bank of America's annual meeting in Charlotte, North Carolina was a pleasant affair. Chief executive Ken Lewis received hearty applause when he appeared before the bank's shareholders, which consisted of hundreds of employees, former executives and local supporters. But the voting results tell a different story.Thu, 30 Apr 2009 18:58:00 EDThttp://money.cnn.com/2009/04/29/news/companies/bofa_shareholders/index.htmhttp://money.cnn.com/2009/04/29/news/companies/bofa_shareholders/index.htmBank of America chief executive officer Ken Lewis was ousted from his role as chairman of the bank after shareholders approved a proposal to require that the company have an independent chairman.Wed, 29 Apr 2009 22:40:00 EDThttp://money.cnn.com/2009/04/28/news/companies/Citi_BofA/index.htmhttp://money.cnn.com/2009/04/28/news/companies/Citi_BofA/index.htmGovernment regulators have told Bank of America Corp. and Citigroup Inc. that the banks need to increase their capital reserves based on preliminary "stress test" results, according to a report published Tuesday.Tue, 28 Apr 2009 16:03:00 EDThttp://money.cnn.com/2009/04/23/news/lewis.pressure.fortune/index.htmhttp://money.cnn.com/2009/04/23/news/lewis.pressure.fortune/index.htmQuestions about whether Bank of America breached its duties to shareholders come at an inconvenient time for embattled CEO Ken Lewis.Mon, 27 Apr 2009 00:04:00 EDThttp://money.cnn.com/2009/04/20/news/bofa.stress.fortune/index.htmhttp://money.cnn.com/2009/04/20/news/bofa.stress.fortune/index.htmBanks are socking away funds for future loan losses at a record clip. But at the sickliest institutions, problem loans are rising even faster.Mon, 20 Apr 2009 17:31:00 EDThttp://money.cnn.com/2009/04/20/news/companies/bank_of_america/index.htmhttp://money.cnn.com/2009/04/20/news/companies/bank_of_america/index.htmBank of America surprised Wall Street Monday with a much bigger-than-expected first quarter profit of $4.2 billion, even as the company was stung by rising credit costs.Mon, 20 Apr 2009 16:36:00 EDThttp://money.cnn.com/2009/04/17/news/companies/bank_of_america/index.htmhttp://money.cnn.com/2009/04/17/news/companies/bank_of_america/index.htmThis earnings season, no company may have more on the line than Bank of America.Fri, 17 Apr 2009 20:54:00 EDThttp://money.cnn.com/2009/03/17/news/companies/breaking_views.breakingviews/index.htmhttp://money.cnn.com/2009/03/17/news/companies/breaking_views.breakingviews/index.htmShould bank bondholders really be heading for the exits? In recent weeks the prices of some troubled banks' subordinated debt have declined sharply and the cost of insuring it against default has risen.Tue, 17 Mar 2009 14:24:00 EDThttp://money.cnn.com/2009/03/13/markets/thebuzz/index.htmhttp://money.cnn.com/2009/03/13/markets/thebuzz/index.htmWhat do Vikram Pandit and Madonna have in common? They're both trendsetters.Fri, 13 Mar 2009 23:34:00 EDThttp://money.cnn.com/2009/03/09/markets/thebuzz/index.htmhttp://money.cnn.com/2009/03/09/markets/thebuzz/index.htmWhat's the best way to fix the nation's banking system? Well, at least two senators making the rounds on the Sunday morning political TV gabfests think it's to let the megabanks fail.Mon, 09 Mar 2009 18:05:00 EDThttp://edition.cnn.com/2009/CRIME/02/27/bank.lewis.subpoena/index.html#cnnSTCTexthttp://edition.cnn.com/2009/CRIME/02/27/bank.lewis.subpoena/index.html#cnnSTCTextBank of America's chief executive officer spent four hours Thursday testifying in an investigation into the $3.6 billion in bonuses that Merrill Lynch paid out just before it was acquired by the bank last year, but still refused to give out the details of those payments.Fri, 27 Feb 2009 06:53:00 ESThttp://money.cnn.com/2009/02/23/news/economy/nationalizing.breakingviews/index.htmhttp://money.cnn.com/2009/02/23/news/economy/nationalizing.breakingviews/index.htmThe U.S. is straining to avoid nationalizing its banks. That's the implication of its latest plans to recapitalize wobbly financial institutions. Following last week's panic over the possibility that both Bank of America and Citigroup might be nationalized, it's not surprising that shareholders are rejoicing. Taxpayers, though, may end up with a raw deal.Mon, 23 Feb 2009 21:35:00 ESThttp://edition.cnn.com/2009/CRIME/02/20/bank.of.america.subpoena/index.html#cnnSTCTexthttp://edition.cnn.com/2009/CRIME/02/20/bank.of.america.subpoena/index.html#cnnSTCTextBank of America CEO and Chairman Kenneth Lewis has been issued a subpoena by the New York State Attorney General's Office, which is investigating whether the bank violated state law by withholding information from investors, a source familiar with the investigation told CNN.Fri, 20 Feb 2009 06:24:00 ESThttp://money.cnn.com/2009/02/05/markets/thebuzz/index.htmhttp://money.cnn.com/2009/02/05/markets/thebuzz/index.htmIs Bank of America literally destined to become THE Bank of America?Thu, 05 Feb 2009 21:01:00 ESThttp://money.cnn.com/2009/02/03/markets/thebuzz/index.htmhttp://money.cnn.com/2009/02/03/markets/thebuzz/index.htmBusiness may be slow for the nation's big banks -- but their public relations departments sure are busy!Tue, 03 Feb 2009 22:10:00 ESThttp://money.cnn.com/2009/01/22/news/companies/banks_nationalization/index.htmhttp://money.cnn.com/2009/01/22/news/companies/banks_nationalization/index.htmNothing seems to scare bankers, or their shareholders for that matter, more than the word "nationalization."Thu, 22 Jan 2009 12:15:00 ESThttp://money.cnn.com/2009/01/16/news/banks.swoon.fortune/index.htmhttp://money.cnn.com/2009/01/16/news/banks.swoon.fortune/index.htmBank stocks swooned for the seventh time in eight days Friday, as the news of another big setback in the economy overshadowed some modest progress in the restructuring of the troubled financial sector.Fri, 16 Jan 2009 21:12:00 ESThttp://money.cnn.com/2009/01/16/markets/bondcenter/credit/index.htmhttp://money.cnn.com/2009/01/16/markets/bondcenter/credit/index.htmPrices for U.S. Treasurys fell Friday as the government's latest efforts to stabilize the shaky financial services sector outweighed grim economic data and weak corporate results.Fri, 16 Jan 2009 19:43:00 ESThttp://money.cnn.com/2009/01/16/news/companies/bofa_new_bailout/index.htmhttp://money.cnn.com/2009/01/16/news/companies/bofa_new_bailout/index.htmBank of America has received another $20 billion from the federal government's bailout fund, along with guarantees on $118 billion of assets at the bank, to absorb its recent purchase of the ailing Merrill Lynch.Fri, 16 Jan 2009 19:32:00 ESThttp://money.cnn.com/2009/01/16/markets/stockswatch/index.htmhttp://money.cnn.com/2009/01/16/markets/stockswatch/index.htmStocks rallied Friday morning after the government bailed out Bank of America and Citigroup announced plans to split its business in two, overshadowing massive quarterly losses at both banks.Fri, 16 Jan 2009 14:43:00 ESThttp://edition.cnn.com/2009/BUSINESS/01/16/boa/index.html#cnnSTCTexthttp://edition.cnn.com/2009/BUSINESS/01/16/boa/index.html#cnnSTCTextBank of America will get another $20 billion from the U.S. government's bailout fund, with federal guarantees for another $118 billion in mortgage-backed securities on its balance sheets, the Treasury Department announced early Friday.Fri, 16 Jan 2009 12:11:00 ESThttp://money.cnn.com/2009/01/15/news/companies/bofa_new_bailout/index.htmhttp://money.cnn.com/2009/01/15/news/companies/bofa_new_bailout/index.htmBank of America is reportedly close to a deal to get up to $20 billion more from the federal government to absorb its recent purchase of the ailing Merrill Lynch.Fri, 16 Jan 2009 01:35:00 ESThttp://money.cnn.com/2009/01/14/news/companies/bofa/index.htmhttp://money.cnn.com/2009/01/14/news/companies/bofa/index.htmBank of America is reportedly negotiating for billions more in aid from the federal government to digest its recent acquisition of Merrill Lynch.Thu, 15 Jan 2009 00:41:00 ESThttp://money.cnn.com/2009/01/09/news/companies/banks_fourth_quarter/index.htmhttp://money.cnn.com/2009/01/09/news/companies/banks_fourth_quarter/index.htmCall it the case of same story, different quarter for the nation's banks.Fri, 09 Jan 2009 20:41:00 ESThttp://edition.cnn.com/2009/BUSINESS/01/07/boa.ccb/index.html#cnnSTCTexthttp://edition.cnn.com/2009/BUSINESS/01/07/boa.ccb/index.html#cnnSTCTextBank of America has sold 5.6 billion shares, or $3 billion, of its holdings in China Construction Bank, a spokesman for the Chinese bank said Wednesday.Wed, 07 Jan 2009 07:29:00 ESThttp://money.cnn.com/2008/12/11/news/companies/BofA/index.htmhttp://money.cnn.com/2008/12/11/news/companies/BofA/index.htmBank of America said Thursday it plans to slash up to 35,000 jobs over the next three years as it absorbs Merrill Lynch and contends with the deepening recession.Thu, 11 Dec 2008 23:38:00 ESThttp://edition.cnn.com/2008/US/12/10/illinois.labor.protest/index.html#cnnSTCTexthttp://edition.cnn.com/2008/US/12/10/illinois.labor.protest/index.html#cnnSTCTextLaid-off workers at a Chicago window factory ended a five-day sit-in after banks agreed to lend the failed company $1.75 million for outstanding wages and benefits, union officials said Wednesday.Thu, 11 Dec 2008 04:32:00 ESThttp://money.cnn.com/2008/12/09/news/companies/bankofamerica_credit/index.htmhttp://money.cnn.com/2008/12/09/news/companies/bankofamerica_credit/index.htmBank of America said Tuesday it is prepared to extend credit to a Chicago window and door maker whose laid-off workers staged a five-day "sit-in" after the factory closed.Tue, 09 Dec 2008 23:07:00 ESThttp://edition.cnn.com/2008/US/12/08/chicago.labor.protest/index.html#cnnSTCTexthttp://edition.cnn.com/2008/US/12/08/chicago.labor.protest/index.html#cnnSTCTextA resolution could come Tuesday to the sit-in by laid-off workers at a Chicago window factory, a mediator in the talks said Monday night.Tue, 09 Dec 2008 03:14:00 ESThttp://money.cnn.com/2008/11/12/magazines/fortune/colvin_desoer.fortune/index.htmhttp://money.cnn.com/2008/11/12/magazines/fortune/colvin_desoer.fortune/index.htmTalk about being where the action is: Ground zero for today's financial crisis is the business of home mortgages, and Bank of America's Barbara Desoer oversees the biggest collection held by any financial institution in the U.S.Thu, 13 Nov 2008 16:46:00 ESThttp://money.cnn.com/2008/10/06/real_estate/Drastic_plan_slashes_mortgage_costs/index.htmhttp://money.cnn.com/2008/10/06/real_estate/Drastic_plan_slashes_mortgage_costs/index.htmA plan announced today by Bank of America will be the most aggressive foreclosure prevention effort ever undertaken by a U.S. bank.Thu, 09 Oct 2008 21:28:00 EDThttp://money.cnn.com/2008/10/08/news/companies/bank_stocks/index.htmhttp://money.cnn.com/2008/10/08/news/companies/bank_stocks/index.htmMost bank stocks finished lower Wednesday after trading all over the map following the Federal Reserve's emergency half-point interest rate cut.Wed, 08 Oct 2008 21:15:00 EDThttp://money.cnn.com/2008/10/08/news/companies/banks_quarter/index.htmhttp://money.cnn.com/2008/10/08/news/companies/banks_quarter/index.htmIn case you forgot that the nation's financial system is a mess, banks will offer up a reminder next week when they are expected to start reporting another brutal round of quarterly results.Wed, 08 Oct 2008 19:23:00 EDThttp://money.cnn.com/2008/10/06/news/companies/bank_of_america/index.htmhttp://money.cnn.com/2008/10/06/news/companies/bank_of_america/index.htmBank of America proved it was not invulnerable to the credit crunch as it reported a steep decline in earnings on Monday, and announced plans to bulk up on capital by slashing its dividend in half and raising $10 billion through a stock sale.Mon, 06 Oct 2008 23:34:00 EDThttp://money.cnn.com/2008/09/26/news/economy/creditcards_kimes.fortune/index.htmhttp://money.cnn.com/2008/09/26/news/economy/creditcards_kimes.fortune/index.htmWhen John Dykstra got his September credit card bill from Advanta, a small-business card issuer, he was shocked: Dykstra says he has a good credit score and has never missed a payment, but his interest rate had jumped from 7.99% to 26%.Fri, 26 Sep 2008 16:12:00 EDThttp://money.cnn.com/2008/09/24/news/companies/Making_saving_sexy_kapner.fortune/index.htmhttp://money.cnn.com/2008/09/24/news/companies/Making_saving_sexy_kapner.fortune/index.htmWhy is it so hard to save money?" asks the narrator of a new Bank of America TV ad. "This is America. We save everything. We saved the bald eagle, the redwoods." Cue images of said eagle, said trees, and also dollar bills and a girl pouring change out of a glass jar. The ad marks a change in the way banks sell themselves. During the recent housing bubble, banks urged their clients to spend, spend, spend - through home-equity loans or other forms of credit. With spending out of fashion today, those same banks are pushing savings accounts, CDs, and retirement plans.Thu, 25 Sep 2008 09:36:00 EDThttp://money.cnn.com/2008/09/15/news/companies/merrill_bofa_deal/index.htmhttp://money.cnn.com/2008/09/15/news/companies/merrill_bofa_deal/index.htmBank of America agreed to buy Merrill Lynch early Monday in an all-stock deal valued at as much as $50 billion, the clearest sign yet of the upheaval reshaping the nation's banking and securities industries.Sun, 21 Sep 2008 19:44:00 EDThttp://money.cnn.com/2008/09/15/pf/saving/toptips/index.htmhttp://money.cnn.com/2008/09/15/pf/saving/toptips/index.htmLehman Brothers filed for Chapter 11 bankruptcy protection and Bank of America is buying Merrill Lynch. With the changing banking landscape, here's what you need to know about the safety of your own bank.Mon, 15 Sep 2008 20:19:00 EDThttp://money.cnn.com/2008/09/15/markets/stockswatch/index.htmhttp://money.cnn.com/2008/09/15/markets/stockswatch/index.htmWall Street braced for a huge stock selloff Monday after one of the most calamitous days in U.S. financial services history resulted in Bank of America's $50 billion deal to buy Merrill Lynch and the bankruptcy filing of Lehman Brothers.Mon, 15 Sep 2008 11:46:00 EDThttp://www.time.com/time/business/article/0,8599,1830534,00.html?xid=feed-cnn-topicshttp://www.time.com/time/business/article/0,8599,1830534,00.html?xid=feed-cnn-topicsBank of America Corp. revealed Thursday that it has received subpoenas and requests for information from various state and federal regulators regarding its sale of auction-rate securitiesThu, 07 Aug 2008 22:00:00 EDThttp://money.cnn.com/2008/07/21/markets/dollar/index.htmhttp://money.cnn.com/2008/07/21/markets/dollar/index.htmThe dollar eased against the euro and yen Monday, with market observers saying investors were waiting for quarterly corporate results coming out over the next few weeks.Tue, 22 Jul 2008 19:23:00 EDThttp://money.cnn.com/2008/07/21/news/companies/bank_of_america/index.htmhttp://money.cnn.com/2008/07/21/news/companies/bank_of_america/index.htmBank of America proved its dexterity yet again on Monday by reporting better-than-expected results even as it juggled credit issues and its high-profile acquisition of the troubled mortgage lender Countrywide Financial.Mon, 21 Jul 2008 17:15:00 EDThttp://money.cnn.com/2008/07/21/markets/bondcenter/bonds/index.htmhttp://money.cnn.com/2008/07/21/markets/bondcenter/bonds/index.htmTreasury prices eased Monday as stocks opened higher, lifted by stronger-than-expected earnings from Bank of America, and as the dollar lost ground to the euro.Mon, 21 Jul 2008 16:14:00 EDThttp://money.cnn.com/2008/06/04/markets/thebuzz/index.htmhttp://money.cnn.com/2008/06/04/markets/thebuzz/index.htmOil is down. The dollar is up. And the Fed is finally talking tough on inflation. It's what everyone has been waiting for. You'd think Wall Street's mood would be one of jubilation.Wed, 04 Jun 2008 15:02:00 EDThttp://money.cnn.com/2008/05/05/markets/markets_newyork/index.htmhttp://money.cnn.com/2008/05/05/markets/markets_newyork/index.htmStocks slumped Monday as oil prices touched a record $120 a barrel, Microsoft abandoned its bid for Yahoo and analysts speculated that Bank of America could renegotiate or walk away from its deal to buy Countrywide Financial.Mon, 05 May 2008 22:16:00 EDThttp://money.cnn.com/2008/05/02/news/companies/countrywide.fortune/index.htmhttp://money.cnn.com/2008/05/02/news/companies/countrywide.fortune/index.htmCountrywide's creditors are getting nervous.Fri, 02 May 2008 20:13:00 EDThttp://money.cnn.com/2008/04/22/news/companies/bofa_countrywide/index.htmhttp://money.cnn.com/2008/04/22/news/companies/bofa_countrywide/index.htmCould Bank of America Corp.'s proposed buyout of Countrywide Financial Corp. fall apart?Tue, 22 Apr 2008 20:27:00 EDThttp://money.cnn.com/2008/04/21/markets/markets_newyork/index.htmhttp://money.cnn.com/2008/04/21/markets/markets_newyork/index.htmBlue chips dipped and tech shares ended higher Monday as weaker-than-expected earnings from Bank of America gave investors a reason to hesitate after last week's big advance.Mon, 21 Apr 2008 21:30:00 EDThttp://www.time.com/time/business/article/0,8599,1733764,00.html?xid=feed-cnn-topicshttp://www.time.com/time/business/article/0,8599,1733764,00.html?xid=feed-cnn-topicsBank of America Corp. said Monday its profit fell 77 percent in the first quarter, hurt by trading losses and a $3.3 billion increase in reserves for problem loansMon, 21 Apr 2008 20:00:00 EDThttp://money.cnn.com/2008/04/21/news/companies/bankofamerica/index.htmhttp://money.cnn.com/2008/04/21/news/companies/bankofamerica/index.htmBank of America Corp.'s quarterly profits plunged 77% as the bank set aside more cash for bad loans and took another writedown on its mortgage-related portfolio, the company said Monday.Mon, 21 Apr 2008 17:26:00 EDThttp://money.cnn.com/2008/04/21/markets/stockswatch_ny/index.htmhttp://money.cnn.com/2008/04/21/markets/stockswatch_ny/index.htmStocks were poised to struggle at Monday's open, as investors mulled weaker-than-expected earnings from Bank of America and the effect of a record trading high for oil prices following an attack on an oil tanker off the coast of Yemen.Mon, 21 Apr 2008 11:40:00 EDThttp://money.cnn.com/2008/03/29/news/newsmakers/mozilo_sambol/index.htmhttp://money.cnn.com/2008/03/29/news/newsmakers/mozilo_sambol/index.htmThe two top executives at Countrywide Financial Corp. -- the nation's largest mortgage lender -- are slated to receive a combined $19 million in payouts as part of the company's pending takeover by Bank of America, according to regulatory filing this week.Sun, 30 Mar 2008 03:56:00 EDThttp://money.cnn.com/2008/03/27/news/companies/bac_countrywide/index.htmhttp://money.cnn.com/2008/03/27/news/companies/bac_countrywide/index.htmAmericans will get a chance to speak their minds on the proposed merger between Bank of America and Countrywide Financial Corp., the Federal Reserve said Thursday.Thu, 27 Mar 2008 20:21:00 EDThttp://edition.cnn.com/2008/POLITICS/02/12/foreclosures/index.html#cnnSTCTexthttp://edition.cnn.com/2008/POLITICS/02/12/foreclosures/index.html#cnnSTCTextThe Bush administration Tuesday announced a plan to help struggling homeowners avoid losing their homes to foreclosure.Wed, 13 Feb 2008 01:14:00 ESThttp://money.cnn.com/2008/01/22/news/companies/bankamerica_tully.fortune/index.htmhttp://money.cnn.com/2008/01/22/news/companies/bankamerica_tully.fortune/index.htmFor Bank of America CEO Kenneth Lewis, it's been a crazy day, the ultimate in Wall Street whipsaw. Early Tuesday, the financial services giant shocked investors by announcing a 95 percent collapse in fourth quarter earnings. When markets opened, Bank of America's stock suffered a massive selloff in what looked like a black day for the country's biggest bank.Tue, 22 Jan 2008 19:29:00 ESThttp://money.cnn.com/2008/01/22/news/companies/bac_results/index.htmhttp://money.cnn.com/2008/01/22/news/companies/bac_results/index.htmBank of America, stung by a $5.3 billion mortgage-related writedown, reported a steep drop in quarterly results Tuesday that fell short of expectations.Tue, 22 Jan 2008 17:48:00 ESThttp://money.cnn.com/2008/01/22/markets/markets_nyopen/index.htmhttp://money.cnn.com/2008/01/22/markets/markets_nyopen/index.htmU.S. stocks plunged at the start of trading Tuesday, with investors ignoring the Federal Reserve's emergency rate cut to join the global selloff on recession fears.Tue, 22 Jan 2008 14:39:00 ESThttp://money.cnn.com/2008/01/22/markets/stockswatch/index.htmhttp://money.cnn.com/2008/01/22/markets/stockswatch/index.htmWall Street looked set for losses at Tuesday's open, although the blow is likely to be cushioned after the Federal Reserve stepped in with an emergency rate cut.Tue, 22 Jan 2008 13:39:00 ESThttp://money.cnn.com/2008/01/22/news/companies/bac_earnings/index.htmhttp://money.cnn.com/2008/01/22/news/companies/bac_earnings/index.htmBank of America, stung by a $5.3 billion mortgage-related writedown, reported quarterly results Tuesday that fell short of Wall Street's expectations.Tue, 22 Jan 2008 12:53:00 ESThttp://money.cnn.com/2008/01/15/news/companies/bank_of_america_ken_lewis/index.htmhttp://money.cnn.com/2008/01/15/news/companies/bank_of_america_ken_lewis/index.htmBank of America will drastically reorganize its corporate investment division as it retreats to focus on its core competencies of big business banking, said CEO Ken Lewis in an interview with The Wall Street Journal.Tue, 15 Jan 2008 20:46:00 ESThttp://money.cnn.com/2008/01/11/news/companies/sloan_countrywide.fortune/index.htmhttp://money.cnn.com/2008/01/11/news/companies/sloan_countrywide.fortune/index.htmGuess who's helping Bank of America pay for its $4.1 billion purchase of Countrywide Financial? Answer: The taxpayers of the United States.Mon, 14 Jan 2008 08:43:00 ESThttp://money.cnn.com/2008/01/11/news/companies/barr_bargains.fortune/index.htmhttp://money.cnn.com/2008/01/11/news/companies/barr_bargains.fortune/index.htmVultures began swooping in Friday to pick over the carnage of the worst housing bust in U.S. history. What's remarkable, though, is how happy the spectacle is making some people on Wall Street.Fri, 11 Jan 2008 20:26:00 ESThttp://money.cnn.com/2008/01/11/news/companies/boa_countrywide/index.htmhttp://money.cnn.com/2008/01/11/news/companies/boa_countrywide/index.htmBank of America came to the rescue of embattled mortgage lender Countrywide Financial Corp. Friday, announcing it would buy the company for $4 billion in an all-stock deal.Fri, 11 Jan 2008 19:29:00 ESThttp://money.cnn.com/2008/01/10/news/companies/boyd_countrywide.fortune/index.htmhttp://money.cnn.com/2008/01/10/news/companies/boyd_countrywide.fortune/index.htmBank of America is in advanced talks to purchase struggling home lending giant Countrywide Financial Corp., according to The Wall Street Journal.Fri, 11 Jan 2008 12:30:00 EST