Donate

Bank of America

Behind Bank of America’s decision to charge debit card fee

Business, Economics and Jobs

Bank of America’s announcement of a $5 monthly fee for debit cards comes days before provision that limits fees to merchants for debit card transactions.

Bank of America agrees to pay $335M over discriminatory lending at Countrywide

Business, Economics and Jobs

Wikileaks claims U.S. financial companies are ‘blockading’ it, suspends operations temporarily

Global Politics

Petition against Bank of America debit card fee goes viral

Business, Economics and Jobs

Countrywide Ordered to Pay $335 Million for Lending Bias

She Fought the Bank (And She Won)

Earlier this morning, The Takeaway reported on Bank of America’s reversal on its plan to charge customers a $5 monthly fee for using debit cards. Public outrage coupled with over 300,000 signatures to a Change.org petition calling for Bank of America to drop the fee led to the reversal. Molly Katchpole, the woman who spearheaded […]

The World

Struggling Wikileaks Stops Publishing Classified Files

Global Politics

The whistle-blowing group Wikileaks says it is suspending its publication of classified files due to financial problems.

The World

Listener responses: Bank of America’s new charges

Business, Economics and Jobs

Last week, Bank of America announced that it would begin imposing a $5 monthly fee for checking accounts that use debit cards. Other large banks are expected to follow suit. We share listener comments.

BofA to Lay Off 30,000 Employees; Moody’s Downgrades 2 French Banks

Bank of America confirmed on Monday that it plans to cut at least 30,000 jobs from the company, and eliminate $5 billion in costs annually by 2014. The banking  behemoth  currently employs 288,000 people. The first group of employees to be eliminated will be those working in consumer banking operations, and home loans, technology and support operations.   […]

The World

Nevada may sue Bank of America; Executive pay exceeds taxes paid at top corporations

Conflict & Justice

Louise Story, Wall Street and finance reporter for The New York Times, reports on both stories.