Stories tagged: Bank of America
UPDATED: Fri., June 30, 2017, 3:18 p.m.
Buffett about to reap $12 billion profit on Bank of America bet
Warren Buffett’s bet on Bank of America Corp. is about to pay off with a roughly $12 billion windfall.
Fri., Jan. 13, 2017, 2 p.m.
Profits at big banks surged last year as ‘Trump rally’ boosts bottom line
Profits at JPMorgan Chase and Bank of America surged last year, the banks said Friday as the industry receives a boost from a stock market rally that accelerated after the …
Thu., Sept. 22, 2016, 7:59 p.m.
Bank of America on Spokane’s South Hill robbed
A man robbed the Bank of America branch at 29th Avenue and Southeast Boulevard just before 5 p.m. Thursday, escaping with an undisclosed amount of money.
Thu., Sept. 1, 2016, 5:27 p.m.
FBI seeks suspected bank robber
Police and the FBI are searching for a man they believe attempted to rob the Bank of America branch at 501 W. Appleway Ave. in Coeur d’Alene Wednesday morning.
Sun., July 31, 2016
The Motley Fool: A stock to bank on
After the Federal Reserve raised its federal funds target rate for the first time in nearly a decade in December and led many to expect several more hikes in 2016, …
Mon., July 18, 2016, 9:58 a.m.
Bank of America profits fall 20 percent, hurt by low rates
Bank of America’s earnings fell 20 percent in the second quarter, the bank said Monday, as historically low interest rates dented the bank’s profitability, just like it had done for …
Mon., May 23, 2016, 1 p.m.
Appeals court reverses fraud finding against Bank of America
Bank of America Corp. was not liable for fraud and subject to a penalty of more than $1.2 billion for its actions before the economy collapsed in 2008 despite a …
Wed., April 13, 2016, 4:38 p.m.
Some big U.S. banks have 6 months to present disaster plans
Five of the biggest U.S. banks have six months to get their disaster plans in shape. That’s the message regulators issued Wednesday after giving the banks failing grades for the …
Thu., Feb. 11, 2016, 2:47 p.m.
Banking questions grow as profit warnings pile up
Questions are growing over the financial health of banks, particularly in Europe and the U.S., as they face a toxic mix of low economic growth, bad loans and squeezed earnings.
Fri., July 19, 2013, 9:38 a.m.
WaFed acquiring 51 BoA branches
SEATTLE — Seattle-based Washington Federal is acquiring 51 Bank of America branches in eastern Washington, Oregon, Idaho and New Mexico.
Wed., Oct. 24, 2012, 1:26 p.m.
Bank of America faces $1 billion suit over mortgage fraud
NEW YORK (AP) — The top federal prosecutor in Manhattan sued Bank of America for more than $1 billion on Wednesday for mortgage fraud against Fannie Mae and Freddie Mac …
Thu., Oct. 4, 2012, 5 p.m.
BofA reps to meet with struggling homeowners
Homeowners who have mortgages with Bank of America and are having trouble making their payments are invited to meet with representatives of the bank on Oct. 12 and 13 in …
Tue., May 15, 2012, 10 a.m.
Investor allowing Red Lion fix time
A New York investor in Red Lion Hotels Corp. says it will give executives of the publicly traded hospitality company time to demonstrate progress before pushing efforts to replace three …
Sun., Feb. 19, 2012
Hobby Lobby plans second Spokane store Nationwide craft retailer Hobby Lobby will open a second Spokane store later this year, the company announced.
Tue., Nov. 1, 2011, 10:13 a.m.
Bank of America nixes $5 debit card fee
Bank of America Corp. is nixing its plans to charge a $5 monthly debit card fee. The bank said today that the decision to scrap the plan came after listening …
Thu., Oct. 13, 2011, 9 a.m.
Lawmakers seek probe on banks’ debit card fees
Members of Congress are asking the Justice Department to investigate whether Bank of America and other major banks improperly worked together to charge customers new monthly fees for using their …
Mon., Sept. 12, 2011, 10:36 a.m.
Bank of America to cut 30,000 jobs
NEW YORK (AP) — Bank of America will cut about 30,000 jobs over the next few years in a bid to save $5 billion per year. The cost-cutting drive is …
Thu., Aug. 25, 2011, 9:38 a.m.
Buffett invests $5 billion in Bank of America
Warren Buffett is coming to the rescue of another fallen giant.
Sun., May 29, 2011
Caldwell: BofA reaches out to help troubled mortgage holders
Bank of America recently notified 2,500 customers with mortgage problems they could meet face-to-face with bank representatives who might be able to fast-track modifications that would keep them in their …
Thu., March 24, 2011
Fed rejects Bank of America’s dividend increase
NEW YORK – It was one more blow for Bank of America: the Federal Reserve didn’t allow the nation’s largest bank to increase its dividends. The decision by the Fed …
Thu., July 22, 2010
Suspect arrested in bank robberies
A man on federal probation for passing counterfeit money was arrested Tuesday in Spokane on suspicion of bank robberies in Omak, Wenatchee and Moses Lake. Cameron Len Gaunt, 28, of …
Sun., May 9, 2010
BofA wants to suspend some mortgage payments
CHARLOTTE, N.C. – Bank of America wants to give struggling mortgage customers who are collecting unemployment benefits up to nine months with no mortgage payment. That’s right. Zero payment.
Wed., March 10, 2010, 1:56 p.m.
Bank of America won’t charge overdraft fees
Bowing to complaints of fee gouging, Bank of America said Wednesday that starting this summer it would deny transactions for customers using their debit cards if they didn’t have funds …
Mon., May 4, 2009, 8:15 a.m.
Wells Fargo asked to raise money after stress test
Regulators are asking Wells Fargo & Co. to raise more capital after government “stress tests” showed the bank would have trouble surviving if the recession worsens.
Fri., April 24, 2009
Officials pressured BofA to acquire Merrill Lynch, documents show
NEW YORK – Federal Reserve Chairman Ben Bernanke and former Treasury Secretary Henry Paulson threatened to remove the management and board of Bank of America unless it acquired ailing investment …
Tue., April 21, 2009
Business in brief: Biomedical group hires COO
The Institute for Systems Medicine has a new chief operating officer, William Isgrigg. The former research manager at the Heart Institute said ISM will try to provide more tools – …
Wed., April 15, 2009
Business in brief: Sales taxes see worst decline in 50 years
As Americans have tightened their belts, making make fewer big purchases, state and local sales tax collections experienced their worst decline in 50 years, according to a report released Tuesday. …
Thu., Feb. 26, 2009, 9:31 a.m.
Woman who robbed CdA bank pleads guilty
A woman who appeared pregnant when she robbed a Coeur d’Alene bank nearly three years ago could have to spend the rest of her life in prison and pay a …
Fri., Feb. 20, 2009
Unemployed hit with bank fees on benefit cards
First, Arthur Santa-Maria called Bank of America to ask how to check the balance of his new unemployment benefits debit card. The bank charged him 50 cents. He chose not …
Thu., Jan. 22, 2009
Cheney dealership shuts down
A Cheney Ford dealership closed its doors without any notice to customers in December after its bank halted its line of credit, the dealers’ attorney said Wednesday. Bonanza Ford, which …