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Tag Archives: Bank of America

Fed to Bank of America: Make a new plan (access required)

The Federal Reserve has ordered Bank of America to revise its plans for increasing dividends or buying back stock, saying there are gaps in its risk planning. The Fed announced the decision Wednesday as part of its “stress tests” — ...

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More disappointing earnings by big banks

The final months of 2014 were more difficult for big banks than investors suspected. Bank of America and Citigroup reported disappointing results Thursday, hit by lower trading revenues and more legal expenses. That followed JPMorgan’s weaker earnings announced the day ...

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BofA foundation awards grants to 17 (access required)

The Bank of America Charitable Foundation has awarded $227,000 in grants to 17 nonprofits in the Baltimore region, the foundation announced Wednesday. These grants will support access to housing, financial education, jobs skills training and human services. The largest grants ...

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Episcopal Housing wins Bank of America award (access required)

The Bank of America Charitable Foundation has named Episcopal Housing Corp. as a 2014 Neighborhood Builder for its work in the Baltimore area, awarding Episcopal Housing $200,000 in flexible funding and offering leadership training for executives. Episcopal Housing provides real ...

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Maryland to get $75M, plus consumer relief, under BofA settlement

Maryland’s share of the $17 billion Bank of America settlement includes $75 million in compensation for state and local governments and their pension plans — and that’s not counting the bank’s agreement to provide consumer relief via such things as mortgage forgiveness, community reinvestment and affordable rental housing.

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JPMorgan paying $5.1B in Fannie, Freddie deal

WASHINGTON — JPMorgan Chase has agreed to pay $5.1 billion to resolve claims that it misled Fannie Mae and Freddie Mac about risky home loans and mortgage securities that it sold them before the housing market collapsed. The Federal Housing ...

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Dow average adds Goldman Sachs, Nike and Visa

The Dow Jones industrial average is dropping Bank of America, Hewlett-Packard and Alcoa, its three-lowest priced stocks, as part of a six-company shakeup of the most widely known barometer of the U.S. stock market. S&P Dow Jones Indices said Tuesday ...

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