Bank of America - updates

Rappler's latest stories on Bank of America


U.S. banking giants report gloomy earnings despite strong trading

Apr 16, 2020 - 8:00 AM

Results from Citigroup, Bank of America, and Goldman Sachs highlight that they clearly are preparing for a United States recession

U.S. banks shifting some London staff ahead of Brexit deadline

Feb 01, 2019 - 8:39 AM

US banks are transferring some London staff to Continental Europe and drawing up contingency plans in case of a 'hard' Brexit

7 banks to pay $324M to settle suit alleging interest rate manipulation

May 05, 2016 - 12:35 AM

The banks are accused of conspiring to set the daily benchmark rate for interest rate exchange contracts

epa02913523 (FILE) A file photo dated 22 April 2008 showing a view of a Bank of America branch in New York, New York, USA. Bank of America Corporation reported 12 September 2011 it would slash some 30,000 jobs within the coming years. The move is part of a strategy to cut costs and comes after a reorganization of the bank's management last week. Bank of America hopes to be able to save some five billion USD per year. EPA/JUSTIN LANE

Smartphones to replace cards at bank machines in US

Feb 21, 2016 - 11:45 AM

The smartphone based system aims to cut transaction time and prevent skimming

epa05111083 (FILE) A file photo dated 28 September n2012 showing a building reflected in the window of a Bank of America branch in New York City, New York, USA. Bank of America released their 4th quarter results on 19 January 2016, saying their 2015 net income was up 9 per cent to 3.3 billion USD, while earnings per diluted share were at 0.28 USD, compared to 0.25 USD. EPA/ANDREW GOMBERT

‘America’s Next Top Model’ berakhir di musim ke-22

Oct 15, 2015 - 12:34 PM

Episode terakhir dari acara Tyra Banks ini akan disiarkan pada 4 Desember mendatang

TOP MODEL. Tyra Banks announces that 'America's Next Top Model' ends with Cycle 22. Screengrab from Facebook/ANTM

US, Britain fine 6 top banks nearly $6B for forex, Libor abuses

May 20, 2015 - 4:58 PM

UPDATED US UK regulators say forex traders from the banks had met in online chatroom groups to set rates that cheated customers while adding to their own profits

FOREX RATES. Pedestrians are reflected on a window of a bank as it displays the foreign exchange rates in New York on February 5, 2015. Jewel Samad/AFP

Probe after hard-working bank intern dies

Aug 24, 2013 - 11:35 AM

Student Moritz Erhardt 21 was 6 weeks into a 7 week placement at Bank of America Merrill Lynch s London office when his body was found in the shower at his temporary lodgings

A Bank of America branch August 20, 2013 in New York's Times Square. Photo by AFP/Stan Honda

Moody's mulls downgrade of major US banks

Aug 23, 2013 - 10:17 AM

The ratings agency says it is assessing 6 major US banks based on gov t financial reforms impact

POSSIBLE DOWNGRADE. JPMorgan Chase is among the 6 major banks being considered for a downgrade by Moody's. AFP PHOTO/TIMOTHY A. CLARY

US sues Bank of America for fraud over mortgage bonds

Aug 07, 2013 - 7:35 AM

The Department of Justice civil complaint alleges Bank of America lied to investors about the riskiness of the mortgage loans backing the securities ahead of the housing bust

FRAUD. The US Dept of Justice says Bank of America lied to investors about the riskiness of its mortgage loans during the housing bust. AFP Photo

Singapore raps banks in rate-rigging probe

Jun 14, 2013 - 10:35 PM

Singapore censures 20 banks including top global lenders over attempts to manipulate local benchmark rates

Banks line up for San Miguel's $1.3-B, SM's $300-M loans

Mar 27, 2013 - 5:55 AM

About 8 banks are joining San Miguel s 1 3 billion syndicated 5 year bullet term loan while 5 have signed a 300 million 5 year term loan for SM Prime

US sues Bank of America for $1-B over bad mortgages

Oct 25, 2012 - 10:08 AM

The US government charged that Countrywide Financial and Bank of America which took over Countrywide in 2008 ran a program to process mortgages and ship them to Fannie and Freddie as fast as possible with little effort spent on ensuring the loans were viable

Bank of America to cut 16,000 jobs

Sep 20, 2012 - 11:00 PM

Bank of America plans to cut 16 000 jobs by the end of the year It will no longer be the US banking industry s largest employer

MASSIVE LAYOFF. A view of a Bank of America branch is seen on June 26, 2012 in New York's Times Square. AFP PHOTO/Stan HONDA

US probes major banks for money laundering: report

Sep 16, 2012 - 9:17 AM

US officials launched one of the most aggressive crackdowns on money laundering in decades the New York Times reported

A campaign for Jessica Sanchez

Apr 14, 2012 - 5:01 PM

Michael Carandang on the support Jessica Sanchez needs to last on American Idol

VOTED OFF? WHY? Michael Carandang gives a simple answer: she needs votes.