Bank of America

Melvin Watt (AP Photo)

Obama naming NC’s Watt for housing post

WASHINGTON (AP) — President Barack Obama intends to nominate Rep. Melvin Watt to head the Federal Housing Finance Agency, the government regulator that oversees lending giants Fannie Mae and Freddie Mac, a White House official said Tuesday.

04/30/2013

(AP Photo)

Chastened banks cuts tens of thousands of jobs

NEW YORK (AP) — Banks aren’t the big jobs machines they used to be. One after another, major financial firms are trimming their payrolls. At a time when many banks are reporting higher or even record earnings, the cuts are unsettling to an entire industry.

04/25/2013

(AP Photo)

US banks to send checks to 4.2M who lost homes

WASHINGTON (AP) — The nation’s largest banks will begin sending payments this week to millions of Americans who may have been wrongfully foreclosed on during the housing crisis.

04/09/2013

BofA Short Sale department phone number

For listeners who want more information about Bank of America’s “Short Sale” department as mentioned on today’s Money 101 broadcast, the number is (866) 880-1232.  

03/13/2013

Distressed homeowner help

As discussed on Money 101 with Bob McCormick today, the program that aids distressed homeowners ends this Friday, January 18. Here are some of the highlights discussed on the show: Where to get help for […]

01/16/2013

CNN’s Ali Velshi sheds light on bank foreclosure payback

U.S. banks have taken another step to clear away the wreckage of the 2008 financial crisis. JPMorgan Chase, Bank of America, Wells Fargo and seven other banks have agreed to pay $8.5 billion to homeowners who were wrongfully thrown out of their homes.

01/08/2013

(AP Photo)

10 banks agree to pay $8.5B for foreclosure abuse

WASHINGTON (AP) — Ten major banks and mortgage companies agreed Monday to pay $8.5 billion to settle federal complaints that they wrongfully foreclosed on homeowners who should have been allowed to stay in their homes.

01/07/2013

LA area bank robbery chase ends in televised death

LANCASTER, Calif. (AP) – A bank robbery suspect was cornered on an Antelope Valley street and shot to death Friday on live television after he apparently fired at Los Angeles County sheriff’s deputies from his […]

11/09/2012

Banks extend fee waivers for storm-hit customers

(AP) — Some of the nation’s biggest banks have extended temporary waivers on a variety of fees and late charges for residents of states hit hard by Superstorm Sandy. It’s an effort to ease pressure […]

11/04/2012

UBS slashes business in turnaround bid

GENEVA (AP) – Scarred by scandals and losses, Swiss bank UBS unveiled Tuesday a plan to overhaul its global operations that will see it cut thousands of jobs as it drops risky trading activities and […]

10/30/2012

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