Bank of America asked Judge Bernard J. Fried of New York State Supreme Court to titles of employees who received bonus in 2008.
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For anyone out there that believes in deregulation of large financial or large anything, remember the saying; with great power, comes great responsibility. As it turns out, bankers don’t watch Spiderman, expect [...]

Buy low, sell high. It’s the mantra of smart investing. But how do you know something is at its bottom. In the financial crisis of 08/09, I would not want to be making those bets.
The problem is that money is getting thrown around, and good money is casing a lot of bad money around [...]

After McCann quits, Dan Sontag will take over the head of Bank of America’s newly acquired merrill Lynch wealth-management division.

CNBC reported, Jobs Cuts in BofA-Merrill Merger May Reach 30,000.
Now we’re adding Bank Of America to the list?
Going to be some depressing Christmas parties out there.
Take a look at some more depressing news from Seven Corporate Developments, at The Path to the Pegasus Letter.

Why Banks Fail reported on credit cards back on October 30, 2008 in Credit Card Crisis — How we will feel it at home.
One of the concepts we wanted to be clear, is that all of the banking crisis issues we have been seeing, has mostly affected a subsector of the US economy, banks and [...]

In an effort to control more of China Construction Bank, Bank of America(NYSE: BAC 15.33 11/17/08) has decided to exercise option this month to purchase additional shares of the Bank. This purchase will bring the stake in China Construction to 19.1%.
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China Construction bank is one of Chinese largest financial institutions, and will allow  BofA [...]

I hadn’t thought of this yet, but Bank of America (NYSE:BAC, 24.40 on 10/21/2008) is now, literally, a Bank of America .  The US government owns a percentage of BAC, along with everyone in the country.  Bank of America depositors consist of about 50% of all families in the US. Â
How will that change banks in the [...]

There are numerous highly irresponsible “news” articles circulating the internet saying that:

A run on banks has occurred
FDIC will run out of money
Bank closures, when banks aren’t closing
Losing availability to banks
Emergency week long bank holiday

Be warned when reading these stories that, while the economy is going up and down, most (if not all) of these stories [...]

What hits home more than the following scary piece of information, according to a post in an iTulip.com forum (not entirely reliable):
“I work in Credit Department at BoA (Senior Level Credit Analysist Boa Bldg 3rd fl, Char, NC). We just received memo indicating that all BoA credit cards are being closed as of 10/1. Credit [...]