Bank of America

BofA Gets Praise From Housing Counselors

Oct 15, 2012
Julie Rose

When Bank of America announces quarterly earnings this week, foreclosures and defaulting loans will once again be a key part of the equation.

The Charlotte bank has spent four years wading through a sea of troubled mortgages it took on with the 2008 acquisition of Countrywide. Along the way it's become a favorite target of vitriol - often landing on lists of "most hated institutions" in America. 

But recently, WFAE's Julie Rose discovered some of the people on the front lines of the foreclosure crisis are softening toward Bank of America. 

Bank of America is paying $2.4 billion to settle a lawsuit over its acquisition of Merrill Lynch. Shareholders accused the Charlotte-based bank of lying about the shape both companies were in at the time of the deal.

The bank’s then-CEO Ken Lewis raved about buying Merrill Lynch in 2008.

“Acquiring one of the premier wealth management, capital markets and advisory companies is a great opportunity for our shareholders,” Lewis said at the time.

Bank Websites Under Cyber Attack

Sep 26, 2012

The websites of several major U.S. banks, including Wells Fargo and PNC, are under cyber attack today. Reports of trouble accessing online banking are pouring into the tracking website Sitedown.co, says founder Jeff Herdell.

"They're referred to as DDoS attacks," explains Herdell. "Hackers will take over many computers and direct floods of traffic at these bank sites in hopes that the service will be disrupted and go down temporarily. So it's more of a nuisance than anything, but it's very significant right now."

DNC Time: Protests Lead The Way

Aug 31, 2012
Julie Rose

Official DNC activities kick off with a street festival Monday Uptown. But protest activity will be underway even before then.  WFAE's Julie Rose will be following the action in the streets all week and joins  Morning Edition Host Duncan McFadyen for a preview.

McFadyen: When and where do we expect to see the largest protests?

Anatomy Of A Protest

May 15, 2012

Last week at this time, hundreds of people were gathering in Uptown Charlotte to march on the Bank of America shareholders meeting. Over the next few hours, protesters and Charlotte-Mecklenburg Police engaged in an elaborate dance, balancing safety with the right to demonstrate. Both sides saw the day as a practice-run for the Democratic National Convention, here's an inside look at how it was orchestrated.

BofA Meeting Attracts Large Protest

May 9, 2012

Protests Converge On Bank Of America

May 9, 2012

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