Bank of America earns $6.2 billion on accounting gains

By Associated Press, The Washington Post NEW YORK — Bank of America earned $ 6.2 billion in the third quarter on accounting gains and the sale of a stake in a Chinese bank, which offset lower revenue and income in its credit card, real estate and investment banking businesses. Bank of America is also no […]

Bank of America earns $6.2 billion on accounting gains, sale of stake in Chinese bank

By Associated Press, Washingtonpost.com NEW YORK — Bank of America earned $ 6.2 billion in the third quarter on accounting gains and the sale of a stake in a Chinese bank, which offset lower revenue and income in its credit card, real estate and investment banking businesses. Bank of America is also no longer the […]

JPMorgan pays $211M to settle bid-rigging charges

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WASHINGTON — JPMorgan Chase & Co. has agreed to pay $211 million after admitting one of its divisions rigged dozens of bidding competitions to win business from state and local governments. J.P. Morgan Securities LLC made at least 93 secret deals with companies that handled the bidding processes in 31 states, the Justice Department and […]