You know that term "fair weather friend?" No? Let us introduce you to Bank of America, the nation's largest lender, instigator of the Financial Crisis and newfound believers in customer service.
Federal authorities are investigating JPMorgan, Bank of America and other big time financial institutions for potential non-compliance with federal money laundering laws, according to a report from the New York Times.
Investors are licking their wounds following Moody's downgrade of 15 of the biggest banks in the world on Thursday afternoon, especially since the hit coincided with the Dow closing down 250 points, bringing the second-worst trading day of 2012. Why did Moody's do it?
Bank of America's plans to trim its workforce are nothing new, but the surprising thing about Tuesday's news of 2,000 layoffs in addition to the 30,000 the bank already announced is who the new cuts target: The bank's own top 1 percent of workers.
After getting pummeled by market forces for the better part of last year, the lights are starting to flicker back on at Bank of America.
A week after news broke that Bank of America Plaza in Atlanta was facing foreclosure, the financial giant is thinking about selling almost all of its real estate.
Thanks to mammoth mortgage lender Bank of America not paying its mortgage on its Atlanta headquarters, the Bank of America Plaza now faces foreclosure.
There's one woman behind the take-down of both the egregious Verizon Wireless and Bank of America fees enacted earlier this year: 22-year-old Meredith Katchpole.
The Justice Department announced on Wednesday afternoon that the country's largest and lately flagging lender Bank of America will fork over $335 million to settle allegations that Countrywide discriminated against black and Hispanics applicants.
Monday was not a great day for anybody on Wall Street, but it was a truly terrible day for Bank of America.
Around the same time he was voicing support for Occupy Wall Street, Malcolm Gladwell participated in a speaking tour to help Bank of America win new small business customers.
Big banks in the U.S. have found a clever way to respond to the hullabaloo over the new debit-card fees some of them proposed and then had to walk back: charge new fees, but call them something else.
This Saturday is Bank Transfer Day, the Facebook-organized grassroots movement in which customers of big banks plan to move their money out and put it in local credit unions to protest fees and bad customer service, and banks should be glad.
It took just a little over a month for Bank of America to reverse its decision to charge $5 a month to for using a debit card to make purchases, The Wall Street Journal reports.
J.P. Morgan and other major banks in the U.S. have decided that they're not going to try and pull a Bank of America by adding any new fees to their already cash-strapped debit-card customers.
Cartoonist Tony Auth on America's big banks.
Cartoonist Tony Auth on impending bank fees
A report from the TARP regulator finds regulators bent the rules to let the banks get out
The bank plans to charge customers $5 a month to use their debit cards
He owns Moody's, downgrades two of his major banking investments
Moody's lowered its rating after concluding the government is unlikely to bail it out
The nation's largest bank is broke and is seeking $5 billion in cost savings
Spinning off Merrill Lynch makes some sense to some investors and none to others
48 percent of those with $3 million or more in assets are open to giving Uncle Sam more
Banks stocks are getting killed
Misrepresented loans yield another batch of lawsuits, this time from a housing authority
AIG and BoA were working on a settlement in January, but BoA never told anyone
The nation's largest lender got hit with three lawsuits on Tuesday
Bank of America made $3.5 billion dollars in a new sale announced Monday
The Oracle of Omaha says the ailing bank is "a strong, well-led company"
More cuts are coming as the nation's biggest bank wants to cut costs.
Stock of the nation's largest bank is getting killed today
AIG claims they were duped into investing in mortgage backed securities
The heads of Goldman Sachs and Bank of America want a deal cut this week
Bank of America, JPMorgan, and, yes, Freddie Mac have more money
The bank, the American people and the lawyer who brokered the deal all did well
Probes in New York and Arizona could be catastrophic for the nation's largest lender
The figure begs the question: Is that nearly enough?
Such as: did you know these mortgages were bad before you sold them?
What financial bloggers have found after a day sifting through leaked emails
The hacker group has posted its first batch of internal emails about mortgage lending
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