WASHINGTON—Bank of America said Monday it would pay $11.6 billion to settle claims on soured loans sold to government-backed mortgage finance giant Fannie Mae during the home price bubble. Under the agreements, Bank of America Corp. said it would pay $3.55 billion in cash to Fannie Mae and repurchase for $6.75 billion some residential [...]
Posted: January 7th, 2013 in Latest Business Stories | Read More »
US financial giant Bank of America is considering cutting up to 40,000 jobs as part of a hotly anticipated round of belt-tightening, the Wall Street Journal reported Friday.
Posted: September 9th, 2011 in Featured Gallery,Latest Business Stories | Read More »
Bank of America will cut 3,500 jobs this quarter as part of a wider restructuring that could lead to the loss of thousands more jobs, the Wall Street Journal reported Friday.
Posted: August 19th, 2011 in Featured Gallery,Latest Business Stories | Read More »
