Search results
Results From The WOW.Com Content Network
When Bank of America took over Merrill at the end of 2008, it announced that another 30,000 people would be out of work ... Slow sales in 2008 caused 10,000 layoffs in early 2009. The fact that ...
Bank of America (BAC) is reportedly laying off as many as 400 people as revenue from trading and advising clients falls. Bank of America, the country's largest bank by assets, is laying off people ...
Five days later, Bank of America, Citigroup, Wells Fargo, and JP Morgan Chase announced that they would stop accepting IOUs by July 10. Fitch Ratings dropped California's bond rating from A-minus to BBB. [15] On July 24, 2009, the state government passed a budget that included $15 billion in service cuts, including $8.1 billion in education cuts.
On August 3, 2009, Bank of America agreed to pay a $33 million fine, without admission or denial of charges, to the U.S. Securities and Exchange Commission (SEC) over the non-disclosure of an agreement to pay up to $5.8 billion of bonuses at Merrill. The bank approved the bonuses before the merger but did not disclose them to its shareholders ...
The math is very crude. The Wall Street Journal reports that Bank of America Corp. (NYSE: BAC), still desperate to turn itself around, will fire 16,000 people this year. Compare that to the ...
Lewis became CEO, president and chairman of Bank of America after the retirement of Hugh McColl in 2001. In November 2008, while still CEO, a time when the bank had had to borrow $86 billion from the Federal Reserve, Lewis wrote to shareholders saying that he was at the helm of "one of the strongest and most stable banks in the world".
Earlier this month, Bank of America announced 30,000 jobs would be cut, in addition to the 6,000 jobs already cut in 2011. Since the mass layoffs news broke, employees at Bank of America have ...
April 10, 2009: New Frontier Bank: Chapter 11 bankruptcy and liquidation Bank [59] April 17, 2009: American Sterling Bank: Metcalf Bank: Bank [60] April 24, 2009: American Southern Bank: Georgia Department of Banking and Finance: Bank $ 216,600,000 [61] May 8, 2009: Stanford Bank Venezuela: Banco Nacional de Crédito: Bank $ 111,000,000: May 11 ...