Posts tagged with "NYSE:BAC"

Bank of America Corp (NYSE:BAC) sending 1,000 Beachwood workers into the wood

Posted by Steve Raasch August 30, 2013 0 Comment 1212 views

Bank of America Corp (NYSE:BAC) has notified 1,000 workers at its Beachwood offices that they will be moved out of the company with effect from 31 October. The bank will be shuttering its consumer and mortgage banking office there. A 55-strong office in Independence as well as a 100-employee strong office in Cincinnati will also […]

Bank of America Corp (NYSE:BAC) will pay-back black advisers $160M

Posted by Steve Raasch August 29, 2013 0 Comment 945 views

In 2005, an attorney who was representing some black financial advisers had filed a class-action lawsuit against Bank of America Corp (NYSE:BAC)’s Merrill Lynch unit. He told a finance website that the BAC has now agreed to settle the discrimination lawsuit. Under this settlement, almost 12,000 class-representatives may receive a segment of a $160M payment […]

Bank of America Corp (NYSE:BAC) back in court to fight fraud lawsuit

Posted by Ryan Mandell August 28, 2013 0 Comment 4846 views

The Bank of America Corp (NYSE:BAC) had requested a court to dismiss the case that had U.S government had filed against it. The allegation was that the bank had sold billions of dollars worth of toxic-mortgage loans to Freddie Mac and Fannie Mae. The case is back on track and set to go on trial […]

Intern’s overwork-related death gets Bank of America Corp (NYSE:BAC) worked-up

Posted by sara Frank August 26, 2013 0 Comment 993 views

There is nothing new or unheard about the fact that most large corporations are slave-drivers when it comes to wringing the most out of rookie interns. A week ago, a German Bank of America Corp (NYSE:BAC) intern worked for 72-hours straight, in London and was subsequently found dead. This incident has spotlighted what a lot […]

Bank of America Corp (NYSE:BAC)’s unscrupulous ex-executives back in action

Posted by Lacee Page August 15, 2013 0 Comment 1478 views

Over the past few years, numerous Bank of America Corp (NYSE:BAC) executives have been under scrutiny and their work on various mortgage bonds has been the subject of lawsuits filed by the Justice Department and U.S regulators. One former BAC employee, Adam Glassner has now been hired by Fannie Mae which is a government-backed firm. […]

Bank of America Corp (NYSE:BAC) boffed by U.S Government

Posted by Peter Lauro August 8, 2013 0 Comment 993 views

The U.S Government says that Bank of America Corp (NYSE:BAC) put toxic debt in bonds even as its staff resisted. In 2007, the bank’s traders fought-off BAC’s efforts to add risky Alt-A-mortgages in securitization. According to the government, this was not enough viagra effects to keep investors from being duped. In a lawsuit that was […]

America sues Bank of America Corp (NYSE:BAC) over $850M misappropriation

Posted by George Brook August 7, 2013 0 Comment 897 views

On Tuesday, the U.S Justice department and the SEC filed separate lawsuits against Bank of America Corp (NYSE:BAC).The charges are that BAC traders willfully misled its investors about the quality of security backed by residential-mortgages that had been sold by the bank at the outset of the financial crisis in the country. These are latest […]

Bank of America Corp (NYSE:BAC) gigantic Jumbo mortgage legal battles

Posted by Peter Lauro August 2, 2013 0 Comment 3340 views

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Will biggest hedge funds back Bank of America Corp (NYSE:BAC) in Q2?

Posted by sara Frank August 1, 2013 0 Comment 1368 views

It seemed like the pulse in the market about Bank of America Corp (NYSE:BAC) was a healthy one. Most major hedge funds considered BAC to be a long-term stock pick. Even in the Q1, the bank had been one of the favorite stocks among hedge funds. No doubt the earnings had been low on a […]

Poll – Customers balk at thought of Bank of America Corp (NYSE:BAC)

Posted by Michael Korte July 29, 2013 0 Comment 1490 views

Poor customer service is a sure-shot way of waving goodbye to customers. Well at least that’s how it is in customer-driven industries. A business might just get by if it provides below-par customer service but it will not flourish. Then what is it that provides large banks with immunity from the customers’ ire? The poll […]