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BofA mulls more asset sales to boost capital

(Reuters) - Bank of America Corp is lagging behind its major U.S. competitors in complying with new capital rules, leading the bank to consider even more asset sales, sources said. The bank’s management is focused on not being an outlier compared to its peers and believes it has “viable alternatives” to increase…

BofA’s Countrywide to pay $335 million over bias case

WASHINGTON (Reuters) – Bank of America Corp’s Countrywide Financial unit agreed on Wednesday to pay a record $335 million to settle civil charges that it discriminated against minority homebuyers, a historic settlement for the Obama administration in the wake of the subprime mortgage morass. As the financial crisis was building in 2008, Bank of America bought…

Sen. Bernie Sanders: Money plays ‘horrendous role’ in Congress

Sen. Bernie Sanders (I-VT) slammed the U.S. Supreme Court’s controversial Citizens United ruling Monday on CNN. The decision held that corporations have the same First Amendment rights as people, and that political spending is free speech. The ruling allowed corporations to spend unlimited amounts of money to influence elections, so…

‘Occupy Homes’ figure: Bank of America is one of the biggest criminals

After being in the middle of the Occupy Our Homes day of action earlier in the week, Alfredo Carrasquillo sat down for an interview on Up with Chris Hayes Saturday morning. Despite risking arrest for staying in a home owned by Bank of America, Corrasquillo was determined to keep his…

Bank’s leaked email admits ‘Occupy’ movement ‘could impact our industry’

A national effort to reclaim vacant properties has one of the country’s largest lenders scrambling. The financial website Zero Hedge has allegedly obtained a memo from Bank of America’s field services operation warning, “We need to make sure we are all prepared.” Vocal New York organizer Sean Barry told Raw…

Police arrest 15 at Massachusetts foreclosure protest

AMHERST, Mass (Reuters) – Fifteen people were arrested at a sit-in against home foreclosures at a Bank of America branch in Massachusetts on Monday, while Tea Party supporters demonstrated across the street, organizers and police said. Roughly 350 supporters of New England tenants and former homeowners complaining about foreclosures by…

3,000 protesters march towards Bank of America in Boston

The Occupy Wall Street movement is spreading across the country, as Boston’s movement has become the next major city to garner national attention. On Friday afternoon, 3,000 protestors marched towards Bank of America in downtown Boston to signal their disapproval over the banks foreclosure practices. 24 people were arrested for…

Some of WikiLeaks’ Bank of America files destroyed by former spokesman

WASHINGTON (Reuters) – Some internal Bank of America files obtained by WikiLeaks have been destroyed, according to a former close collaborator of Julian Assange, the whistleblowing website’s founder. In an email to Reuters, Daniel Domscheit-Berg, who last year was fired by Assange as WikiLeaks’ co-spokesman, confirmed that he had destroyed…

Banks are vampires

Wow, Bank of America is getting rid of its overdraft fees on debit cards. This is how little I trust commercial banks: I’m sure there’s a rub. I’m sure they’ve found a secret, special way to screw customers that live paycheck to paycheck, and this is all just a P.R.…

A fundie bearing hellfire on a pizza box at NC Pride

Kate and I went to the NC Pride parade today, and it was definitely the largest turnout we’ve seen. There was a lot of Obama support out there (right: this was my favorite T-shirt of the day). We marched in the Obama Pride section this time around. It was a…

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