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All Posts Tagged Tag: ‘Bank of America’

Bank of America Settles Hefty $9.3M Lawsuit

Bank of American took quite a hit from the Federal Housing Finance Agency in a lawsuit that ended in a $9.33 million dollar lawsuit. The FHFA, which is the agency that oversees the operations of Fannie Mae and Freddie Mac, sued Bank of America as one of the 18 entities they sued for misrepresenting mortgages that were backed by Fannie …

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BofA Settlement Reaches $9.5 Billion

Bank of America has settled yet another expensive mortgage case. The Federal Housing Finance Agency (FHFA), which represents Fannie Mae and Freddie Mac, brought mortgage-backed securities allegations against the second largest bank in America. Now Bank of America will have to pay $9.5 billion in the settlement they agreed upon with FHFA on Wednesday. The FHFA “alleged violations of federal …

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‘Invisible’ Now Available For Free Download

The Super Bowl is known for it’s entertaining commercials. While this specific ad isn’t for the latest stye of beer bottle or headphones, this ad does offer something many of the other commercials don’t. The commercial starts with a close-up shot of U2’s Bono singing for a packed crowd. Turns out, the commercial isn’t only a preview of an awesome …

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Alcoa, Bank of America, and HP Removed from Dow

Starting September 23, Alcoa, Back of America, and HP will no longer be among the 30 companies listed on the Dow Jones Industrial Average. The changes “were prompted by the low stock price of the three companies slated for removal and the Index Committee’s desire to diversify the sector and industry group representation of the Index,” according to the Dow …

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Bank of America Intern Death Puts “Workaholism” in Spotlight

The recent death of an intern at Bank of America Merrill Lynch in London has some people asking for an overhaul of the “workaholism” culture among the younger members of staff in London. German student Moritz Erhardt, 21, had earned a position as an intern for seven weeks for the summer at the London office of Bank of America. His …

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Bank of America to Cut 16,000 Jobs by Year’s End

Bank of America will be speeding up its cost-cutting measures and will lay off 16,000 employees by the end of the year. The Wall Street Journal has obtained a “document given to top management” of the bank and is reporting that the layoffs are part of cost-cutting measures that will make the company “a leaner and more focused enterprise. The …

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EA Voted “Worst Company in America”

Readers have voted Electronic Arts (EA) the “Worst Company in America” in The Consumerist’s 2012 poll. The videogame publisher won out against last year’s winner, Bank of America in the final round of The Consumerist’s yearly March-madness style tournament poll. The Consumerist awarded EA the 2012 “Golden Poo” award for this dubious honor. The consumer advocacy website visualized this by …

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Bank of America Rolls Out Discount Service

Bank of America is the latest to jump on the trend of offering consumers deals through online discounts. Reuters reports that Bank of America rolled out its new Groupon-like service Wednesday that allows consumers to receive deals from retailers based on their prior spending. Customers will receive offers through the bank’s Web site and be awarded through cash payments once …

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Bank of America ATM’s Turned Into ‘Automated Truth Machines’

If you’re trying to build momentum for a cause you believe in, many times it takes something creative to cause a stir. Just look at a few of our SOPA related articles. You can add this bit of activist mischief to the annals of creative protest history. The Rainforest Action Network (RAN) and The New Bottom Line teamed up to …

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