Bank of America Corp news

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Bank of America, Syncora settle mortgage fraud lawsuit
NEW YORK Bank of America Corp (BAC.N) has agreed to pay $375 million to settle a case brought by bond insurer Syncora Guarantee over toxic mortgage-backed securities at the center of the 2008 financial crisis.
Should I Buy Bank of America? 3 Pros, 3 Cons  Investorplace.com
Bank of America pulls ATMs from two grocery store chains
Bank of America Corp (BAC.N) is removing ATMs from two grocery store chains in the southeast as it continues to trim its retail banking operations.
Bank of America trims corporate jet fleet and staff at CLT hangar
Bank of America Corp. has sold half of its corporate jet fleet and laid off some of its pilots, the Charlotte Business Journal has learned.
Bank Accounts Figure in Drug Probe
A Mexican cocaine-trafficking cartel used accounts at Bank of America Corp. to hide money and invest illegal drug-trade proceeds in U.S.
Bank of America shedding 55 jobs in Hunt Valley
Bank of America Corp. plans to cut 55 jobs in Hunt Valley later this year, the financial services giant said in a Friday filing with the state Department of Labor, Licensing and Regulation.
BofA Sued Over Mortgage Interest Payments To IRS
Law360, New York (July 13, 2012, 6:26 PM EDT) -- A San Diego homeowner hit Bank of America Corp. with a proposed class action in federal court Friday, accusing the bank of under-reporting to the Internal Revenue Service “millions, if not billions, ...
Executive Moves: July 9, 2012
... partner and managing director at Grant Thornton. NewOak: Maureen Stewart, 49, joined the firm as managing director of mortgage credit and compliance services, a newly created position.
Wells Fargo to pay $175 million in race discrimination probe
Bank of America Corp's Countrywide Financial unit agreed in December to pay a record $335 million to settle similar charges.
Higher Rates for Blacks and Hispanics?  Wall Street Journal (blog)
Wells Fargo to pay at least $175m after company 'discriminated against ...  Daily Mail
A whistleblower emerges from the shadows
He couldn't discuss the case, filed under seal, until this year when he was awarded $14.5 million for his role in sparking a $1 billion settlement with Countrywide's current parent, Bank of America Corp. "You have to sit there in silence, and you just ...
Bank of America Pulls ATMs From Gas Stations
CHARLOTTE, N.C. - Bank of America customers will see fewer ATMs now that the bank has removed the machines from gas stations owned by Valero Energy Corp. The reduction of its automated teller network is part of the bank's efforts to reach $8 billion in ...