Sept 18 (Reuters) - Some Bank of America Corp customers in the United States said on Tuesday they were having trouble logging into its online banking website, reviving memories of a serious outage last fall.
Bank of America Corp is testing a technology that allows a customer to pay at a store register by simply scanning an image with a smartphone, such as Apple Inc's iPhone or Google Inc's Android devices.
The Corporation believes that the longer a loan performs prior to default, the less likely it is that an alleged underwriting breach of representations and warranties had a material impact on the loan's performance.
Bank of America Corporation (NYSE:BAC) reported net income of $2.5 billion, or $0.19 per diluted share, for the second quarter of 2012, compared to a net loss of $8.8 billion, or $0.90 per diluted share in the second quarter of 2011.
Five of the nation's big banks, including Chase and Bank of America, agreed to pay $25 billion to settle state and federal claims over questionable mortgage practices and promised to work harder to help borrowers who were in trouble.
Traditional banking business relies on the yield curve to amplify the interest-based income that is made on loans. Bank of America is able to take out a short term loan from the Fed, or another bank, at low interest rates while lending that money to a ...