Sources: BBC
A woman stabs two people in Times Square, New York City, U.S., killing a Bank of America vice president and injuring another person, before police fatally shot her after she refused commands to drop her knives. 2026-08-31
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
Berkshire Hathaway Inc has become the largest shareholder of Bank of America by exercising its right to acquire 700 million shares at a steep discount, more than tripling an investment it made six years ago. Bank of America on Tuesday announced the exercise of the warrants, which gave Berkshire, controlled by Warren Buffett, the right to buy the bank’s shares for about $7.14 each. Bank of America shares closed down 14 cents at $23.58 on the same day. 2017-08-29
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
A watchdog group releases a report that details write-downs of $19 billion on more than 168,000 properties by five United States banks. Under terms of a federal and state settlement of foreclosure-processing violations reached one year ago in March, Bank of America lost the most and had $13.5 billion in homeowner debts written off. The other banks are Citigroup Inc, JPMorgan Chase & Co, Wells Fargo & Co, and Ally Financial Inc. [http:--www.foxbusiness.com-news-2013-02-21-us-banks-write-down-1-billion-under-settlement-?intcmp=obnetwork (FoxBusiness)]date=July 2019 2013-02-21
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
The Mexican drug cartel known as Los Zetas laundered millions of dollars through accounts at Bank of America; that money was then used to finance a horse racing business in the United States, allegedly ran by José Treviño Morales. 2012-07-9
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 resumes foreclosures in 23 states following a temporary halt in foreclosures due to the 2010 Foreclosure crisis2010-10-18