Escalating credit losses drove Bank of America Corp. to report a fourth-quarter loss and slash its quarterly dividend to a penny on Friday, hours after receiving a multibillion-dollar lifeline from the federal government.
Bank Of America Posts 4q Loss; Gets $20b From Us
Yahoo! Buzz: Top Stories, Yahoo Buzz
Fri, 01/16/2009 - 5:29am
RELATED ARTICLES
- Pope hints at possible changes to scandal-ridden Vatican bank
Pope Francis has indicated for the first time that he may make changes to the Vatican's scandal-ridden bank as part of a broad review of the Holy See's troubled administration. More - Banks Revive Risky Loans and Mortgages
Investments that were vulnerable in the last financial crisis and believed to be gone for good have largely escaped new rules that were made to prevent another crisis. More - DealBook: Rising Bank Profits Tempt a Push for Tougher Rules
Steady earnings growth on Wall Street could embolden the lawmakers and regulators who want to overhaul the banking system. More - Bank of America profits jump after cost cutting
Bank of America has reported a sharp rise in profits after it shed costs and set aside less money for bad loans. The bank reported first quarter net income of $2.3bn (£1.5bn), after making $328m in the same quarter a year ago. More - Court OKs Lehman settlements to free up $15 billion for customers
A judge on Tuesday approved a set of settlements among Lehman Brothers entities that will allow the company's defunct brokerage to pay back about $15 billion in customer claims. More
BING NEWS:
- Bank of America CD rates: May 2024
Many Bank of America’s CD terms offer unimpressive rates, with an annual percentage yield (APY) as low as 0.03%. The bank’s best offerings, the Bank of America Featured CDs, do offer better ...
05/1/2024 - 1:00 pm | View Link - American Airlines (AAL) Posts Q1 Loss on Surging Labor Costs
American Airlines’ AAL first-quarter 2024 loss (excluding 14 cents from non-recurring items) of 34 cents per share was wider than the Zacks Consensus Estimate of a loss of 28 cents. In the year-ago ...
04/25/2024 - 6:34 am | View Link - Southwest will limit hiring and drop 4 airports after loss. American Airlines posts 1Q loss as well
Southwest Airlines said Thursday that it lost $231 million in the first quarter and will limit hiring, offer voluntary leave to employees and stop flying to four airports. CEO Robert Jordan said the ...
04/25/2024 - 12:18 am | View Link - Boeing Posts Quarterly Loss as It Slows 737 Factory
The plane maker burned through nearly $4 billion in the most recent quarter as fallout from the Alaska Airlines midair accident exacted a financial toll.
04/23/2024 - 11:51 pm | View Link - Bank of America Boycott Calls Grow After MAGA Accounts Closed
Bank of America is facing calls for a boycott over allegations it is closing accounts of customers based on their political views. Multiple MAGA profiles and Republicans have criticized the bank ...
04/19/2024 - 1:33 am | View Link - More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more