36 min ago | The Charlotte Observer
Storrs built the bank that changed Charlotte
Tom Storrs, second from left, headed North Carolina National Bank in the 1970s. He posed two years ago with three other executives of the bank that eventually became Bank of America.
$25 Billion Mortgage Agreement Doesn't Let Lenders Off Hook
U.S. lenders including Bank of America Corp. still face years of litigation and billions of dollars in liabilities tied to the housing collapse after agreeing to settle a probe of abusive foreclosure practices.
SEC Plays Patty Cake With Big Banks
We've been demanding for years now answers to a core question coming from the financial collapse of 2008.
Real Estate Trends: 2 Banks That Are Buying Low
Many banks seem to be exiting the mortgage industry at its bottom which, in my opinion, is a grave mistake.
Weekly Financial Biz Recap: Citigroup's Rogue Trading Losses, Banks Settle on Mortgage Scam
Some states and five banks - Bank of America , JPMorgan Chase , Wells Fargo , Citigroup and Ally Financial -A are on the brink of finalizing a $25 billion deal over problematic foreclosure practices.
5 Bargain Stocks: 4 To Buy, 1 To Avoid
The following five companies are all selling cheaply in terms of earnings, relative to main competitors in the industry that they operate.
Deal doesn't end big banks' troubles
The $25 billion foreclosure agreement between big banks and state attorneys general marks a turning point for lenders, including Charlotte's Bank of America Corp., looking to move beyond their mortgage woes, some industry experts say.
Foreclosure pact promises more trouble
The foreclosure settlement involving Illinois and 48 other states is much ado about $25 billion, but for homeowners still in a heap of financial trouble, it signifies little besides more pain.
JPMorgan Chase and Bank of America Settle, McDonald's Disappoints in Europe
TheA Dow Jones Industrial Average A finished the week down 0.5% at 12,801. Most of the week centered around the debt drama in Greece and whether the country prefers to default or accept a bailout.
Massachusetts' Galvin Subpoenas Bank Of America Over CLOs
NEW YORK Massachusetts' securities regulator on Friday subpoenaed Bank of America Corp.
Red Robin Gourmet Burgers Shares Given New $37.00 Price Target by Analyst at Bank of America
Bank of America upped their price target on shares of Red Robin Gourmet Burgers from $33.00 to $37.00 in a research note issued on Friday.
Buffett Stands to Profit Handsomely From Mortgage Abuse Settlement
"Warren Buffett's stake in Bank of America Corp. increased in value by $154 million after President Obama and the U.S. Justice Department announced a $25 billion foreclosure abuse settlement with the five largest U.S. banks Thursday," Patrick Howley of The Washington Free Beacon writes.
Build banks around customers, not traders, TD Bank chief says
"When we went into the United States, we refused to do subprime lending," said Edmund Clark, CEO of Toronto-based Toronto-Dominion Bank.
High Volume Stocks: Bank of America, Alcatel-Lucent, Cisco, Sirius Feb. 10th
Bank of America Corp : Massachusetts regulators said that they were subpoenaing Bank of America Securities to investigate if the lender knowingly overvalued assets, after investors lost about $150M in investments involving collateralized loan obligations, reported Reuters.
Polo Ralph Lauren Corp Share Price Target Increased to $175.00 by Analysts at Bank of America
Investment analysts at Bank of America raised their price target on shares of Polo Ralph Lauren Corp from $160.00 to $175.00 in a note issued to investors on Friday.
Missed Super Bowl, Frantic Talks Led to $25 Billion Bank Deal
Richard Bove, an analyst at Rochdale Securities LLC, talks about an agreement by five banks including Citigroup Inc.
$338 million awaits N.C. in mortgage settlement
"Banks that were bailed out with taxpayers' dollars will be required to right these wrongs," President Barack Obama said.
Why Bank of America is the new Citigroup
On a normal day, 4 billion shares of stock change hands on the New York Stock Exchange.
Why Bank of America is the new Citigroup
In this Tuesday, Aug. 23, 2011 file photo, Bank of America Merrill Lynch traders work on the floor of the New York Stock Exchange in New York.
Why Bank of America is the new Citigroup
In this Tuesday, Aug. 23, 2011 file photo, Bank of America Merrill Lynch traders work on the floor of the New York Stock Exchange in New York.