Bank of America Corp

Even the Rich Can't Retire When They Planned to Anymore

The long recession and slow recovery have forced millions of average Americans to give up their dreams of retiring at 65. But you might be surprised to learn than even among those who have quite a bit of money stashed away for retirement, the vast majority are planning to work longer, too.

Woman Who Lost Home Sues Big Banks Over LIBOR Manipulation

What can you do when a megabank takes your home? How about suing a dozen of them. Annie Bell Adams has filed suit against 12 of the world's biggest banks, alleging that their manipulation of the LIBOR rate caused her mortgage payments to be much higher than they otherwise would have been.

America's 10 Most Hated Industries

Americans are not happy with the government. But for the first time in a long while, it is not the most hated industry in the country. That honor now belongs to the oil and gas industry as a result of climbing prices at the pumps and the BP oil spill still fresh in many people%u2019s minds.

Bank of America Bad-Loan Provisions at 2007 Level

Because Bank of America serves about half the nation's households, the results could be seen as a statement about the progress Americans have made in managing their household finances, saving more and paying back debt.

Is Another Banking Crisis Staring America in the Face?

Recent stress tests on America's big banks reveal that the financial crisis is far from over. While the "too big to fails" are in better shape than they were in 2008, there's still "room for improvement at virtually every firm."

3 New Ways to Get Real Help On Your Underwater Mortgage

Good news: The housing market is looking up. Bad news: Nearly 11 million mortgages are still underwater. More good news: Real help for those homeowners is finally available. More bad news: Getting that help can be baffling. Extra good news: Jean Chatzky's here to help.

Dow 13,000: What It Means to You

On Tuesday, the Dow Jones Industrial Average closed at 13,005, the first time it had crossed the 13,000 line since its plummet as the nation sank into financial crisis. But what is the Dow, anyway? And what are these "points" it's measured in? Allow us to explain...

Best of the Financial Web: The Monitor Award Winners

Tens of millions of Americans take to the Web regularly to do our most important financial business. As we do, the company Corporate Insight is tracking which institutions are offering customers the best new online innovations. Here's what CI found:

Fee Backlash Cost Big Banks Over 2 Million Customers

Switching banks is a hassle, but outrage over the big financial institutions' efforts to pile on new steep fees pushed more than 2 million people to close their accounts over the past 3 months. Is Bank Transfer Day becoming Bank Transfer Year?

What to Watch This Week: Tech Wins; Banks Wince

There's never a dull moment on Wall Street, especially now that we're hitting 2012's first earnings season. What will help shape the week that lies ahead? Earnings and answers from banks, Google, eBay and IBM, and a big education related announcement from Apple.

The Bigger the Bank, the Worse the Customer Service

The biggest bank in America isn't the one you might think: JPMorgan Chase recently knocked longtime rival Bank of America out of the top spot. But is bigger better? Not when it comes to customer service.

8 Stocks That Could Double in Value in 2012

It is unusual for a stock's price to double in a year, but several well-known companies' shares have done it recently. The more important question for investors is: Which stock could be next? 24/7 Wall St. offer their list of S&P 500 companies whose stocks could double in 2012.

Did Warren Buffett Make a Bad Call on Bank of America?

When Warren Buffett announced in August that he would spend $5 billion to snap up Bank of America shares, investors cheered. Surely this must mean that we've seen the end of the bad news from America's biggest bank, right? Wrong. So did the Oracle of Omaha blunder?

How to Profit from the Top Potential Crises of 2012

From my point of view, we are about to be in heaps of trouble economically, so for 2012, I'm looking to exploit other people's woes like the good capitalist I am. Here are three bets I might pull the trigger on:

Occupy Our Homes Targets Banks Over Mortgage Mess

A spin-off group from Occupy Wall Street, called Occupy Our Homes, has formed to reverse and stop foreclosures. Lately, the group has been using creative tactics to raise awareness about the banking practices that led to the housing bubble.

5 Financial Turkeys of 2011 (and a Side of Stuffing)

At Thanksgiving, we remember the year's blessings and declare hope for the future. But if you're having a hard time swallowing that this year, we offer this recipe for cooking up 2011's most egregious financial news stories. Bon appetite!

'Money Protecting' Investment Carries Hidden Risks

Structured securities products are bonds backed by stocks that allow investors to hedge their risks using options. In theory, this complex sounding setup can provide predictable returns and protection from volatile markets. There's only one catch: SSPs are often a bad idea for most investors.

Lean Bonus Season Ahead for Wall Street Bankers

With unemployment still high, late mortgage payments rising, and the number of Americans in poverty at record levels, it seems that Main Street is headed for a hard, cold holiday season. But, somewhat surprisingly, so too are the fat cats of Wall Street -- relatively speaking.

Should Bank Account Numbers Be Portable?

Consumer activists are pushing bank regulators to allow people to take their account numbers with them when they switch banks, just like cellphone numbers. Such account number portability might encourage banks to treat customers better because it would make it easier for them to leave.

As Customers Flee, Big Banks Don't Seem to Care

Credit unions, mid-size banks and online institutions are eagerly stepping up to capture banking customers who are fed up with increasing fees at the biggest banks. And so far, it seems, those big banks don't mind losing their business.

Why You Should Care
About the Volcker Rule

This week, the government took a big first step toward shutting down the Can't Lose Room in the Wall Street Casino. It's now one comment period away from enacting the Volcker Rule, which limits the kinds of risky investments banks can make with money insured by the U.S. taxpayer.

Why All of Us Might Pay for BoA's $5 Fee

Last week, Bank of America ignited a firestorm of controversy by choosing to charge its customers $5 a month to use their debit cards. Now, an angry consumer group has called for a federal investigation. Is this overkill or a smart response to what could be a budding disaster for the bank -- and taxpayers?

Eight Stocks to Put on Your Bargain-Price Wish List

Who says volatility is all bad? The fearfully stumbling stock market means that some excellent stocks are trading at or near fire sale prices. For investors with the patience to wait for the right moment, here are eight companies to keep an eye on -- or to snap up right now.

CEO Shuffle: Three Major Corporate Chiefs Step Down

Announcements made late Wednesday and early Thursday revealed that three large companies -- Wendy's, Costco, and Bank of New York Mellon -- are losing their CEOs. And while the first two cases sound like they'll result in smooth transitions, the third comes as something of a shock.