Dec 12th, 2008 · Bank of America says it expects to eliminate up to 35,000 jobs over the next three years. It says it won't know the final number until early next year, but the cuts will affect workers from both Bank of America and Merrill Lynch. Bank of America agreed to buy the investment firm in September. Lisa Miller reports for member station WFAE.
Dec 8th, 2008 · Workers at a Chicago factory are staging a sit-in to protest a swift shut down that has left them without severance and vacation pay. Leaders say they've been trying to get Republic Windows' creditor, the Bank of America, to reinstate the company's line of credit and save hundreds of jobs.
Oct 6th, 2008 · Facing a lawsuit over deceptive mortgage practices, a Bank of America subsidiary will modify tens of thousands of loans to help keep people in 11 states from losing their homes. Borrowers stuck with Countrywide Financial mortgages that they can't afford could see their interest rates reduced or have the loan principal cut. Bank of America purchased Countrywide in June, at the same time Illinois and California sued Countrywide.
Sep 16th, 2008 · In his seven-year tenure at the helm of Bank of America, Ken Lewis has made many big buys: FleetBoston, MBNA, LaSalle and Countrywide — to name a few. But none quite match the risk, expense and scope of the Merrill Lynch deal.
Sep 16th, 2008 · Stock markets in Asia took a big hit Tuesday after Wall Street's 504-point drop on Monday. Most Asian markets were closed Monday for a holiday, so Tuesday was the first time investors reacted to the news of Lehman Brothers' bankruptcy and Merrill Lynch being bought by Bank of America.
Sep 16th, 2008 · The hottest major player on Wall Street is currently Bank of America. The North Carolina-based bank's recent purchase of Merrill Lynch will create one of the largest financial services firms in the world.
Sep 15th, 2008 · Bank of America is acquiring Merrill Lynch in a $50 billion deal that could turn the big U.S. bank into a global financial-services powerhouse. But Bank of America must first successfully integrate the investment firm with its commercial bank operations.
Sep 15th, 2008 · Markets have tumbled after the investment bank Lehman Brothers filed for bankruptcy, and the brokerage firm Merrill Lynch agreed to be bought by Bank of America. Financial experts explain what's happening on Wall Street today and discuss the larger picture for the U.S. economy.