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Tag Archives: Bank of America

Big banks must show break-up plans under new rule

WASHINGTON — The largest U.S. banks must show how they would break up their assets if they were in danger of failing, under a rule approved Tuesday. The Federal Deposit Insurance Corp. voted to require banks with $50 billion or ...

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Bumpy earnings season ahead for banks

NEW YORK  — You can usually tell a lot about the health of the U.S. economy by looking at the financial results of banks. They’re the people who finance new factories, plant expansions and fatter payrolls. But don’t count on ...

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Bank of America reaches $335M settlement over Countrywide loans

Bank of America agreed to pay $335 million to resolve allegations that its Countrywide unit engaged in a widespread pattern of discrimination against qualified African-American and Hispanic borrowers on home loans. The settlement with the U.S. Justice Department was filed ...

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Bank of America settles mortgage suit for $315M

NEW YORK— Bank of America agreed to pay $315 million to settle claims by investors that they were misled about mortgage-backed investments sold by its Merrill Lynch unit. The settlement was disclosed in court papers filed late Monday in U.S. ...

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FDIC: Bank earnings hit highest level in 4 years

WASHINGTON — Bank earnings rose over the summer to their highest level in more than four years, while the number of troubled banks fell for the second straight quarter, federal regulators reported Tuesday. The Federal Deposit Insurance Corp. said the ...

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Collins has helped M&T to grow in Maryland and beyond

With its name on Baltimore’s professional football stadium and a network of more than 200 branches in Maryland alone, it’s hard to believe that for its first 120 years in business Manufacturers and Traders Trust Co. — now known as ...

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Bank of America expects $1.8B gain from stake in Chinese bank

CHARLOTTE, N.C. — Bank of America will sell most of its remaining shares in China Construction Bank as it raises cash and shores up its capital base. The latest sell-off in the Chinese bank, announced Monday, is expected to generate ...

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