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Bank of America

Appeals court reverses fraud finding against Bank of America

NEW YORK— Bank of America Corp. was not liable for fraud and subject to a penalty of over $1.2 billion for its actions before the economy collapsed in 2008 despite a jury’s finding to the contrary, a federal appeals court ruled Monday.

Date: 05/23/2016 | Business Wire


New rules protect against mega-bank failures

WASHINGTON — In their latest bid to reduce the chances of future taxpayer bailouts, federal regulators are proposing that the eight biggest U.S. banks build new cushions against losses that would shift the burden to investors.The Federal Reserve's proposal put forward...

Date: 10/30/2015 | Business Wire


Americans spending, not saving, cheap gas windfall

WASHINGTON — Gasoline prices began to plunge a year ago. They rebounded a bit this spring, and then they fell again. American drivers haven't enjoyed prices this low, for this long, in at least five years. By most economic thinking, that should be a big boost to the economy,...

Date: 10/09/2015 | Business Wire


Earnings top expectations, helping lift stocks

NEW YORK — For U.S. investors, low expectations are paying off.Over the last week, 38 companies in the Standard & Poor's 500 index have reported quarterly results, and financial information company S&P Capital IQ says most have posted bigger-than-expected...

Date: 07/16/2015 | Business Wire


Why Americans are getting new credit cards

NEW YORK — A big change is happening inside your wallet.

Date: 06/10/2015 | Business Wire




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