Bank of America CEO: Digitalization Is Not Something That’s Coming, It Already Exists

Digitalization is not something that’s coming, this is something that already exists, says Bank of America CEO Brian Moynihan. He says that 25 percent of their sales are done on digital. Moynihan says his goal is to bring the whole banking system to the digital age to make it more efficient for customers.

Wells Fargo Says Blac Youngsta Never Had An Account With Them, Rapper Proves Otherwise

On January 13, rapper Black Youngsta posted a letter from Wells Fargo on his Instagram page, notifying him that his “deposit account relationship” with the bank is ending, citing that it was “business decision” on the part of the company.…

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,…

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…

‘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…

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…

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…

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…

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.…

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…