Analysis: Greek financial crisis coming to America?
Analysis: Greek financial crisis coming to America?
(FT) — It began in Athens. It is spreading to Lisbon and Madrid. But it would be a grave mistake to assume that the sovereign debt crisis that is unfolding will remain confined to the weaker eurozone economies. For this is more than just a Mediterranean problem with a farmyard acronym.
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Bank of America steps up foreclosure prevention efforts
Bank of America steps up foreclosure prevention efforts
One roadblock slowing President Obama’s foreclosure prevention program seems to be clearing away. Bank of America, the nation’s largest mortgage lender, said Tuesday that it was the first lender to agree to lower or eliminate payments on second mortgages.
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Categories: mortgage meld Tags: America, Bank, efforts, foreclosure, prevention, steps
Bank of America posts $5.2B loss
Bank of America posts $5.2B loss
CHARLOTTE, N.C. — Bank of America Corp. said Wednesday it lost $5.2 billion during the final three months of 2009 as consumers struggled to make mortgage and credit card payments and the bank repaid its government bailout money.
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Bank of America posts loss on public aid repayment
Bank of America posts loss on public aid repayment
Bank of America said Wednesday it posted a loss of 194 million dollars in the fourth quarter of 2009 on repayments to the US government, resulting in a loss for shareholders of 5.2 billion dollars.
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