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News

Are prime consumers the next big worry for banks?

We've spoken ad nauseum about the risks of subprime debts that have filtered through the financial system in many surprising ways. But a lot of prime borrowers have been silently struggling through Read more...

Should Bank of America walk away from Countrywide?

MarketWatch notes that Countrywide is a bad position. Basically, its debts exceed its assets. Negative equity, of course, doesn't exactly speak well for the mortgage giant's future. Of immediate Read more...

Banks binge on preferred shares

Financial services firms have raised $54.7 billion this year, compared with $25.3 billion at the comparable point last year (Dealogic). Bank Read more...

Press Releases

Bank of America Names Milton Jones and Charles Bowman to New Market Leadership Roles

CHARLOTTE, N. C., Sept. 26 /PRNewswire/ -- Bank of America Market President Executive Walter Elcock today announced new market leadership roles for Finance Services Executive Milton Jones and Global Read more...

Bank of America Names Bill Carey to Lead Business Retirement Solutions

BOSTON, Sept. 19 /PRNewswire/ -- Bank of America today announced the appointment of Bill Carey as national executive of Business Retirement Solutions. In this role, Carey will oversee the development Read more...

Bank of America Unveils Special Mortgage Refinance Offer

Great Rate Refi Event offers reduced interest rate or discount opportunity for refinance customers looking for confidence in their lender CHARLOTTE, N.C., Sept. 17 /PRNewswire/ -- Bank of America Read more...

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