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Bank of America Corp. could eventually shrink its 6,100-branch network by about 10 percent as consumers choose other methods of banking, a company spokesman said Tuesday. ...more
July 29, 2009
The government will provide another $3.1 billion to a group of mortgage servicing companies as an incentive to modify loans to combat record levels of foreclosures. ...more
June 17, 2009
Citigroup Inc. and Bank of America Corp. will need to raise more capital based on preliminary results of their government-run "stress tests" - unless they succeed in appealing the findings, according to two people familiar with the matter. ...more
April 29, 2009
Top executives of the nation's biggest banks said Friday after meeting with President Barack Obama that they will work with the administration on its economic recovery plans, but want more specifics from the White House. ...more
March 27, 2009
Wall Street has had its best day of 2009, storming higher on good news from Citigroup. ...more
March 10, 2009
WASHINGTON (AP) - The White House on Friday insisted it's not trying to take over two ailing financial institutions, even as stocks tumbled again. ...more
February 22, 2009
Two Florida banks are joining some of the country's largest lenders in temporarily halting foreclosures as the federal government tackles the housing crisis. ...more
February 15, 2009
MIAMI (AP) - Two Florida banks are joining some of the country's largest lenders in temporarily halting foreclosures as the federal government tackles the housing crisis. ...more
February 15, 2009
In his latest move to show support for his bank, Bank of America Corp. Chief Executive Ken Lewis spent almost a million dollars this week to buy additional shares of his struggling bank. ...more
February 7, 2009
Bank of America Corp. said Wednesday that it is selling nearly half its corporate aircraft as it acts to scale back costs. ...more
February 5, 2009
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