Bank of America has told U.S. regulators that it has met the final condition that was set on its plan to exit the government’s Troubled Asset Relief Program. BofA, which repaid $45 billion in TARP funds in December 2009, needed…
The central bank says the disclosures cover more than 21,000 individual transactions done to “restore the flow of credit to American families and businesses, and support economic recovery and job creation in the aftermath of th…
The central bank says the disclosures cover more than 21,000 individual transactions done to “restore the flow of credit to American families and businesses, and support economic recovery and job creation in the aftermath of th…
Historians will look back on Washington’s bailout of GM and Wall Street as the right move. That’s because it’s now clear that the costs of doing nothing would have been far higher, and it turns out that taxpayers may suffer onl…
As Bank of America continues to cope with fallout from the housing and mortgage crisis, the financial institution may have to pay some year-end employee bonuses in the form of stock because of a possible cash shortfall related …