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The U.S. Consumer Financial Protection Bureau files a lawsuit against banks JPMorgan Chase, Bank of America, and Wells Fargo for failing to protect consumers against alleged widespread fraud on the built-in payment system Zelle equating over $870 million.
2024-12-20

The ex-chief financial officer of Bank of America, Joe Price, agrees to pay a $7.5 million fine for misleading investors during the acquisition of Merrill Lynch.
2014-04-25

Bank of America agrees to pay $727 million to customers as restitution for deceptive marketing practices and unfair billing. An additional $45 million will be paid as fines to government regulatory groups.
2014-04-9

For $8.5 billion, ten banks settle to stop mortgage foreclosure process audits. The United States government regulators had been engaged in a loan-by-loan review of home loan practices during the Great Recession. Bank of America, Citigroup Inc, JPMorgan Chase & Co, Wells Fargo & Co, MetLife Bank, Aurora Bank FSB, PNC Financial Services Group Inc, Sovereign Bank NA, SunTrust Banks Inc, and U.S. Bancorp settle with regulators to pay out cash up to $125,000 to homeowners whose homes were being foreclosed when the paperwork problems emerged. Further, Bank of America agrees to pay $11.6 billion to government mortgage finance company Fannie Mae.
2013-01-7

Moody's downgrades the credit rating of 15 major world banks: UK (The Royal Bank of Scotland, Barclays and HSBC), US (Bank of America, Citigroup, Goldman Sachs and JPMorgan), Rest of world (Credit Suisse, UBS, BNP Paribas, Crédit Agricole, Société Générale, Deutsche Bank, Royal Bank of Canada and Morgan Stanley).
2012-06-21

The stock for McDonald's rose 31 percent in 2011, the largest gain in the Dow Jones Industrial Average, while Bank of America fell 59 percent, the largest loss in the Dow Jones.
2011-12-30

The United States' largest bank, Bank of America, is surpassed by JPMorgan Chase in total assets, according to Bank of America's quarterly financial earnings report.
2011-10-19

Bank of America bans Wikileaks payments as a result of news of an upcoming release of information on banks in the United States that could leave an impact.
2010-12-18

A United States bankruptcy judge orders Bank of America to return $500 million it seized from the bank accounts of the defunct Lehman Brothers trading firm a few weeks before Lehman declared bankruptcy in 2008.
2010-11-17