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Bank of America told Fed it could sell branches in emergency: source

Bank of America Corp (BAC.N) told Federal Reserve officials in June that it could shed branches in some parts of the country if it needed to raise capital in an emergency, a person familiar with the matter said.

Bank of America Tells New York of Plans to Eliminate 324 Jobs in Manhattan

Bank of America Corp., the lender seeking to reduce expenses after losing half its market value, plans to eliminate 324 New York jobs starting next month, including investment bankers and equity traders.

Bank of America Mortgage Buyback Risk May Rise $9 Billion From Possible MBIA Victory

Jody Shenn and Shannon D. Harrington Bloomberg.com 08/17/2011

New York probes Bank of America $8.5 billion mortgage pact

Jonathan Stempel Chicago Tribune 07/12/2011
Bank of America Mortgage Buyback Risk May Rise $9 Billion From Possible MBIA Victory

Bank of America Corp. (BAC) may face billions of dollars more in liability for faulty mortgages if a judge agrees with insurer MBIA Inc. (MBI) that the lender must buy back loans even if the errors didn’t cause a borrower’s default.

New York probes Bank of America $8.5 billion mortgage pact

New York's attorney general is investigating Bank of America Corp's $8.5 billion settlement with investors over losses in mortgage-backed securities, and has sought data from 20 institutional investors that agreed to the accord.

Report: NY AG seeks new Bank of America-Merrill Lynch depositions

New York Attorney General Eric Schneiderman is not backing off a civil fraud probe into whether Bank of America deliberately misled shareholders about the massive losses on Merrill Lynch's books before its 2008 purchase of the investment bank.

Bank of New York Files Petition for $8.5 Billion Bank of America Accord

Bank of New York Mellon Corp. (BK) filed a court petition seeking approval of an $8.5 billion settlement with Bank of America Corp. (BAC) over residential mortgage- securitization trusts.

Hacker Group Anonymous Releases Claimed Bank of America Emails

The loose-knit hacker collective known as "Anonymous" released emails early Monday that it obtained from a former employee of Bank of America Corp., accusing it of "fraud" and of improperly foreclosing on homes.

Hackers group to release BANK OF AMERICA e-mails Monday

Anonymous, a hacker group sympathetic to WikiLeaks, plans to release e-mails obtained from Bank of America early Monday morning, according to posts on the group's Twitter feed.

Bank of America Hires 2,000 Staff to Handling Troubled Real Estate Loans

Bank of America Corp., the second- largest U.S. home lender, added 2,000 employees since April to work with borrowers having trouble paying their mortgages, a senior executive said.

Bank of America losses grow to $5.2 billion

NEW YORK (CNNMoney.com) -- Losses at Bank of America widened to $5.2 billion in the fourth quarter, as its results were squeezed by the company's decision to return bailout money owed to the government.


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