by | Sep 21, 2010 | Towing
Bank of America (BAC) is reportedly laying off as many as 400 people as revenue from trading and advising clients falls.
Bank of America, the country’s largest bank by assets, is laying off people ranging from junior analysts to managing directors, Bloomberg News said without naming its sources.
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“This sounds like an acceleration of the usual year-end cutbacks among the lowest…
Continue reading Bank of America Reportedly Planning Layoffs
Bank of America Reportedly Planning Layoffs originally appeared on DailyFinance on Tue, 21 Sep 2010 07:02:00.
Filed Under: Company News, People, Investing, Bank of America, Credit
by | Sep 20, 2010 | Towing
Bank of America (BAC) may introduce a tiered fee structure modeled on mobile phone service contracts.
Under the proposed scheme, the bank would reward customers who maintain minimum current account balances, use their credit card a certain number of …
by | Sep 17, 2010 | Towing
Angelo Mozilo, former CEO of Countrywide Financial, must face trial on charges he misled investors about the risks associated with subprime lending, a judge in Los Angeles ruled.
U.S. District Judge John F. Walter denied reques…
by | Sep 16, 2010 | Towing
Four of the top six credit card issuers reported an increase in the number of debts they they wrote off as uncollectable in August. But there were a few positive signs as well.
Continue reading Uncollectable: B…
by | Sep 15, 2010 | Towing
The financial crisis was produced by a complex set of circumstances, including a massive housing bubble, poor regulation and irresponsible lending on an epic scale. A handful of bankers became the public faces of the crisis, an…
