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Bank of America reports loss on huge legal charges

Last Updated: Wednesday, April 16, 2014, 22:13

The loss was its first since the second quarter of 2011.

Bank of America to pay for illegal credit-card actions

Last Updated: Thursday, April 10, 2014, 10:18

Bank of America will pay USD 772 million over illegal credit-card practices that lured consumers into signing up for added products and services, US regulators said Wednesday.

Intel lays off 1,500 employees in Costa Rica

Last Updated: Wednesday, April 09, 2014, 10:52

Yesterday's move was a major blow to the economy of the Central American country, where 2,700 people were employed at an assembly plant set up in 1998.

Bank of America shuts down in Costa Rica, lays off 1,400

Last Updated: Wednesday, April 09, 2014, 10:48

The company yesterday said in a statement the closure of its center in the Central American country would take place over the next nine to 12 months, in order for it to concentrate its activities in other countries.

Intel, Bank of America deal Costa Rica double blow

Last Updated: Wednesday, April 09, 2014, 10:03

Outgoing President Laura Chinchilla tried to downplay the double impact.

Re to be at 57-58 on positive poll outcome: BofA-ML

Last Updated: Monday, April 07, 2014, 21:48

A clear mandate at the Centre in the ongoing general elections may help the rupee rally to 57-58 level "temporarily", says a report.

Goldman Sachs considers selling NYSE unit

Last Updated: Thursday, April 03, 2014, 02:42

Goldman Sachs is considering selling its business unit that matches buyers and sellers on the floor of the New York Stock Exchange, according to a person familiar with the investment bank's thinking who spoke on condition of anonymity.

Bank of America to pay $9.3 bn to settle mortgage bond claims

Last Updated: Thursday, March 27, 2014, 09:23

The settlement,includes $6.3 billion in cash and the rest in securities that Bank of America will purchase from the two housing finance entities.

BofA under investigation over US housing program, forex

Last Updated: Wednesday, February 26, 2014, 09:53

Bank of America Corp said on Tuesday that federal investigators are looking into whether the bank violated requirements of a U.S. government housing program.

Perform or leave: Narayan Murthy to Infosys employees

Last Updated: Thursday, February 20, 2014, 12:06

Narayana Murthy, chairman of Infosys, took a tough stand against the employees of the company and said they should either perform or leave and that there was no room for non-performance.

BofA $8.5 bn settlement to move forward; AIG loses bid to delay

Last Updated: Thursday, February 20, 2014, 02:27

A New York state judge declined to delay court approval of Bank of America Corp`s $8.5 billion settlement with investors in mortgage-backed securities, rejecting a move by American International Group Inc .

RBI likely to hit pause button on April 1: BofA-ML

Last Updated: Monday, February 17, 2014, 16:40

The Reserve Bank of India is likely to hit the pause button in its next monetary policy review on April 1, as inflation is expected to peak off and FY15 GDP growth is likely to be around 4.7 percent, a Bank of America Merrill Lynch (BofA-ML) report said Monday.