Bank of America Corp. said Friday it lost more than $2 billion in the third quarter as loan losses kept rising, providing further evidence that consumers are still struggling to pay their bills.
BofA may eventually shrink branch network
Bank of America Corp. could eventually shrink its 6,100-branch network by about 10 percent as consumers utilize other methods of banking, a company spokesman said Tuesday.
BofA posts wider loss, but says credit stabilizing
Bank of America Corp reported a wider-than-expected quarterly loss, hurt by still-high loan losses and its repayment of U.S. government bailout aid.
Bank of America names Moynihan next CEO
Bank of America Corp on Wednesday tapped insider Brian Moynihan as its next chief executive, ending months of speculation about who would succeed Kenneth Lewis to lead the largest U.S. bank.
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