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The bank, which is often considered a bellwether, said that it had clawed back to profitability in the first quarter, after two consecutive periods of losses.
Bank of America will on Wednesday announce plans to start forgiving mortgage loan principal for troubled homeowners who owe more than 120 percent of their home's value or are battling ever-expanding "negative amortization" loans.
Bank of America customers will soon be unable to spend more than they have in the accounts linked to their debit cards. It's a step that may become a common move ahead of new regulations limiting overdraft fees....
U.S. stocks gained, as rising commodity prices boosted energy stocks, concerns about European governments' debt loads eased and data showed a brightening outlook for New York area manufacturing.
Bank of America Corp. says it lost $5.2 billion during the final three months of 2009 as consumers struggled to make their mortgage and credit card payments.
Bank of America appointed senior executive Brian Moynihan as its new chief executive officer, the company said late Wednesday, putting an end to months of ...
Bank of America may extend its search for a new chief executive into next year if its board is unable to pick a candidate in the next four days, according to a report on the Bloomberg News website.