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Bank of America hits back at critics

Bank of America (NYSE: BAC ) had engaged in a somewhat novel tactic in the PR wars over its foreclosure policies, which have ignited much angst. The bank's PR team has apparently authorized an article on the Huffington Post from Rebecca Mairone, who is identified as a "Default Servicing Exe

Fired Bank of America employee makes video

This qualifies as another PR setback for Bank of America ( BAC ). The bank fired Jackie Ramos after she decided to just say no to her employer's $15 "convenience" charges and $39 overdraft fee. She just couldn't enforce the fees, she says, which was unfortunate given her job was to call customer

Too-big-to-fail fight brewing in Washington

The SEIU-led anti-big bank rally made a stop in Washington , picketing the offices of Goldman Sachs. Only about 100 protesters showed up with their signs, but that was good enough to get some coverage in Politico . The most memorable prop: a big red homemade vampire squid puppet, replete

Gasparino gets tough with Goldman Sachs

So how is the great Goldman Sachs ( GS ) charm offensive going? Among the latest to weigh in is none other than Charles Gasparino on the Huffington Post . It's fair to say that he smells BS when Goldman Sachs CEO Lloyd Blankfein suggests that the bank really didn't need the TARP infusion and

A great PR move for Goldman Sachs?

There's no doubt that Goldman Sachs ( GS ) and to some extent Morgan Stanley ( MS ) face some tricky PR issues when it comes to bonus payments for 2009. They are going to be massive at Goldman Sachs anyway--at a time when the economy is reeling. Not paying these bonuses is not really an op

Harsh words for Goldman Sachs

"Goldman's management lacks the decency and sensitivity to make a simple statement acknowledging the TARP payback, recognizing that the American system came through for them at a precarious moment, and humbly accepting the new level of social responsibility that places upon them." So writes an ess

Robert Rubin to leave Citi?

Apart from CEO Vikram Pandit, the person most tainted in the on-going credit crunch has been director Robert Rubin. Now CNBC  says that there's a lot of chatter about whether Rubin will leave the bank. Rubin, who says he's staying, has taken steps to address the issues, including an interview w