Streams

 

Bank Of America

WNYC News

After Bankruptcy, Banks Still Go After Some Debts

Thursday, November 13, 2014

In what's been likened to a hostage situation, some banks are still extracting payments from debtors who've already filed for bankruptcy, according to the New York Times.

Comment

WNYC News

New York Gets Creative With Its Slice of Bank Settlement

Thursday, August 21, 2014

The biggest-ever civil settlement in U.S. history includes a big chunk of money for New York State.

Comments [3]

The Takeaway

Inside Bank of America's $4 Billion Blunder

Tuesday, April 29, 2014

Bank of America has announced a pretty major accounting error. The bank said it would suspend plans to buy back $4 billion in stock and pay its dividends after discovering an error in the information it submitted to the Federal Reserve as part of the stress test process. 

Comment

WNYC News

Bank of America Settles With New York AG

Wednesday, March 26, 2014

An end to the last major lawsuit over Bank of America's 2008 acquisition of Merrill Lynch. And a three-year ban for the bank's former CEO.

Comment

WNYC News

Sandy Victims Waiting Weeks for Relief Checks, Study Finds

Tuesday, February 12, 2013

Thousands of Sandy Victims in New York have been forced to put off repairs to their damaged homes as they wait weeks for insurance checks, according to an investigation by the state's Department of Financial Services.

Comment

Money Talking

Money Talking: Foreclosure Settlements

Friday, January 18, 2013

Today is the deadline to submit claims for a piece of the $25 billion mortgage settlement state attorneys general reached with the five largest mortgage servicers in February 2012. 

Comments [1]

WNYC News

Banks Settle For Billions Of Dollars in Mortgage Claims

Monday, January 07, 2013

Ten major banks and mortgage companies are settling with federal regulators over accusations they wrongfully foreclosed on homeowners.

Comment

Money Talking

Money Talking: Why Big Banks Are Downsizing

Friday, December 07, 2012

The nation's biggest banks are facing job losses, falling revenue, big spending cuts, not to mention core questions about their very size and scope.

Comment

The Brian Lehrer Show

BoA Lawsuit

Friday, October 26, 2012

Heidi Moore, finance and economics editor at The Guardian, discusses the federal lawsuit against Bank of America.

Comments [15]

New Tech City

Are Americans Ready for Banking via Social Media?

Tuesday, October 23, 2012

A bank in South Africa announced this summer that its mobile banking customers will now be able to conduct transactions and monitor their accounts through Facebook. This type of cross-pollination between banks and social media does not yet exist in the United States, but it could be coming.

Read More

Comments [1]

The Leonard Lopate Show

Backstory: Matt Taibbi on Bank of America

Thursday, April 05, 2012

Rolling Stone’s Matt Taibbi takes a look at the fragile situation at Bank of America. The bank that was deemed too big to fail and received a $45 billion government bailout has, Taibbi argues, defrauded investors and insurers, homeowners and the unemployed.

Comments [5]

WNYC News

BOA Pilots Program to Turn Delinquent Homeowners Into Tenants

Friday, March 23, 2012

Bank of America will allow a limited number of distressed or underwater homeowners in New York State to become renters of their own properties.

Comments [1]

WNYC News

Verizon Cancels Plan to Institute $2 Fee

Friday, December 30, 2011

Verizon said it will not institute a fee for online or telephone payments, one day after announcing it would start charging customers $2 to do so. 

Comments [1]

The Takeaway

Countrywide Ordered to Pay $335 Million for Lending Bias

Thursday, December 22, 2011

Bank of America, which now owns mortgage giant Countrywide Financial, will pay $335 million for Countrywide discriminating against minorities during the 2004-2008 housing boom. Countrywide brokers are accused of steering blacks and Latinos into more costly home loans than white borrowers with the same financial profile. An estimated 200,000 people were affected.

An estimated 200 thousand borrowers were affected. 

Comments [1]

WNYC News

Bank of America Settles Mortgage Suit for $315M

Tuesday, December 06, 2011

Bank of America agreed to pay $315 million to settle claims by investors that they were misled about mortgage-backed investments sold by its Merrill Lynch unit.

Comments [1]

The Takeaway

She Fought the Bank (And She Won)

Wednesday, November 02, 2011

Earlier this morning, The Takeaway reported on Bank of America's reversal on its plan to charge customers a $5 monthly fee for using debit cards. Public outrage coupled with over 300,000 signatures to a Change.org petition calling for Bank of America to drop the fee led to the reversal. Molly Katchpole, the woman who spearheaded the public effort to get B of A to reverse their position, talks about her victory.

Comments [1]

The Takeaway

Bank of America Drops Debit Card Fee Plans

Wednesday, November 02, 2011

Remember the $5 monthly fee Bank of America planned to roll out for all its debit card customers? In a complete reversal, the bank now — one month later — says it's dropping plans to introduce that fee. It’s a big victory for the 200,000 customers who signed a petition on Change.org calling for Bank of America to drop this fee.

Comments [6]

WNYC News

Bank of America Scraps Plans to Charge for Debit Card Use

Tuesday, November 01, 2011

Bank of America has scrapped plans to levy a $5 a month fee on debit card users, following public outcry.

Comment

It's A Free Blog

Opinion: A Modest Proposal - Occupy the Bank's Mailboxes

Tuesday, November 01, 2011

I would like to see less junk mail in my mailbox, and the idea of costing the bank that sent me this rubbish a little bit in postage and processing is well worth the 60 seconds (and two pieces of tape... it was pretty darn full) I spent on this.

-Solomon Kleinsmith, It's A Free Country blogger.

Read More

Comments [2]

The Takeaway

Goldman Sachs and Bank of America to Report Earnings

Tuesday, October 18, 2011

Bank of America and Goldman Sachs are scheduled to release their earnings reports for the third quarter today. Yesterday, Citigroup reported a 74 percent rise in their earnings and Wells Fargo reported a 21 percent increase, and last week JP Morgan reported a 4 percent fall in profits. Morgan Stanley and U.S. Bancorp are expected to release their reports on Wednesday.

Comment