Bank of America

Newsday's coverage

• NY to sue: Banks violated mortgage settlement

  where the banks failed to adhere to standards designed to protect borrowers who seek loan modifications." Wells Fargo and Bank of America have flagrantly violated their obligations under the settlement," Schneiderman said at a news conference in Manhattan.   Read more »

• Rocky Point residents want home teetering off cliff razed

  72, president of the North Shore Beach Property Owners Association, which owns the beach below the home at 347 Soundview Drive. Bank of America officials say they plan to demolish the home. "We are aware of the property and, although foreclosure has not been   Read more »

• Bank of America to pay $500M in investor suit

  of America has agreed to settle for $500 million a class-action lawsuit brought by investors who bought mortgage investments from Countrywide Financial, the California-based lender it acquired in 2008. The announcement came as the nation's second biggest bank   Read more »

• Study: Mexican wages fall below Chinese levels

  China seemed distant. Mexican average labor costs were then almost double China's.But a report by a chief economist for Bank of America Merrill Lynch this week estimated that Mexico's labor costs are now 19.6 percent lower than China's.The study by chief economist   Read more »

• Banks vow more cash to fix Sandy-hit homes

  victims, making an estimated $75 million immediately available to fix flood-battered homes, state officials said.Citibank, Bank of America and Ocwen Financial Corp. have echoed pledges by JPMorgan Chase Bank and Wells Fargo to start paying out 75 percent of   Read more »

Around the web

• News: (@maryjblige) Mary J. Blige Handed $3.4 Million Tax Lien by IRS

  years 2009, 2010, and 2011. And unfortunately, that’s not the end of it; Blige is also facing a pending lawsuit from The Bank of America, who claims she only partially paid back a loan for $500,000. Mary hasn’t publically addressed her financial troubles, 8:40 PM from Singers Room Read more »

• The 'Rupee dilemma': What can be done?

  Sen Gupta, India economist, Bank of America Merrill Lynch It is a relief that the Reserve Bank of India has finally resumed buying FX. In my view, the rupee will continue to trade weak until the RBI reassures investor confidence by recouping at least the $65-billion 7:22 PM from Economic Times Read more »

• 8 Things to Know About Union Pacific Stock

  candidates for your stock portfolio, it's easy to just think about the prominent names of the day, such as Facebook, Ford, or Bank of America. But there are plenty of other possibilities, many of which have been under our nose for quite some time. Permit me 6:31 PM from Daily Finance Read more »

• New Market Highs Are Easy To Handle

  (or, in some cases, moderately undervalued) when it is trading in the vicinity of its tangible book value. The fact that Bank of America has reached an annual high should not worry investors because it represents Bank of America's progress towards undervaluation 4:48 PM from Seeking Alpha Read more »

• JAMIE BUTOW: Netizens worldwide react to David Silva beating case

  magazine, CEO Ben Rattray noted what he thinks is the most successful Change.org campaign. The target: Bank of America. "Bank of America announces after being bailed out by the American public, they're going to add a $5 fee to use your own bank card," Rattray 4:19 PM from Bakersfield.com Read more »