Bank of America reports huge loss

Bank of America reports huge loss

Bank of America said on Tuesday that it lost $9.1 billion in the second quarter, due to its record-breaking settlement over subprime mortgage claims stemming from the financial crisis.

Bank of America refuses all WikiLeaks transactions

Bank of America on Saturday halted all transactions for WikiLeaks, joining other institutions that refuse to process payments for the website that has exposed a trove of US government cables.

Arizona sues Bank of America for mortgage fraud

Arizona filed a lawsuit against Bank of America on Friday accusing it defrauding cash-strapped homeowners amid the global economic downturn.