bankofamerica
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?
Music Video Moves Bank of America on Stalled Mortgage Loan
12:30PM 12/28/2011
It might not be the right method for everyone seeking a home loan, but it worked for one Georgia couple: A music video that went viral got Bank of America to close on Ken and Meredith Williams' long-delayed mortgage.
Battered Bank of America Drops Debit Card Fee Plan
1:05PM 11/01/2011
Is Occupy Wall Street working? Bank of America announced on Tuesday that it's dropping its plan to charge a $5 monthly fee to customers who use debit cards for purchases. "We have listened to our customers very closely over the last few weeks" said a top bank official, explaining the reversal.
Why All of Us May Have to Pay for B of A's $5 Debit Card Fee
11:30AM 10/05/2011
Goldman Sachs , Bank of America, Citigroup, Wells Fargo & Co, Banking
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?
A 5-Step Plan for Dumping Your Bank
12:30PM 10/03/2011
With some of the biggest banks raising fees again, many Americans are seriously considering finding new places to keep their money. But with direct deposit and automatic bill pay, moving your checking account can be complex. We talked to a pro for this easy five-step process to handle your bank swap.
What Was Wall Street Thinking? $5 Debit Card Sting, Berkshire's Buyout, Oracle's HP Shot, and More
12:00PM 10/03/2011
By Rick Aristotle Munarriz, The Motley Fool
Company News, Hewlett-Packard, Oracle, Sony, Berkshire Hathaway, Bank of America
Last week's most puzzling moves included Bank of America turning ingrate on its debit card users -- who also pay taxes, and hence bailed BoA out -- Oracle's Larry Ellison and HP writing a new chapter in their feud, Warren Buffett opting for a stock buyback, and Sony refusing to pay for 3-D glasses.
Bank of America Is Latest to Add $5 Debit Card Fee
3:11PM 9/29/2011
The nation's largest bank plans to start charging customers a monthly fee for using their debit card to make purchases. Such a fee was unheard of before this year. Will it soon become an industry norm?
Protesters Dump Trash at Bank of America President's Home
6:14PM 9/21/2011
Hauling several bags of garbage left at a foreclosed Bank of America property in Malden, dozens of protesters showed up at bank president Robert Gallery's Beacon Hill home Wednesday to dump the trash and unload fury.
"We're here today because of the loan-servicing abuse that's going on in...
Bank of America (BAC) may cut 40,000 workers in an attempt to show investors that its management has the discipline to run the firm that many believe is in too many businesses. It is another example of how deep cuts in the private sector, combined with public sector downsizing, could undermine...
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