Vice and Bank of America Are Making Overdraft Fees Cool as Hell
Vice is a company that would like you to think it is cool all of the time. In fact, Vice is only cool when it does stories about Ebola and stuff. It is not so cool when it tries to be the cool face of Bank of America, which would like to rip you off.
Couple Gets Cool Million For Enduring 700 Bank of America Troll Calls
Nelson and Joyce Coniglio have come out victorious in a harassment suit against Bank of America. They were awarded more than $1 million this week after the bank made 700 automated calls across four years.
Following the death of an overworked, epileptic Bank of America intern last August in London, the bank yesterday sent a memo to employees instructing analysts and associates to spend at least four weekend days per month away from the office. Generous.
Bank Tellers Ask Banks: Please Don't Replace Us With Video Screens
Outsourcing is a time-honored American tradition. First, you had a job. Then your job was given to someone, somewhere else, who could do it cheaper. But what if instead of a low-wage worker in China, you were replaced by a low-wage worker in Florida, who was sitting at a desk, staring into a camera and doing your old…
Bank of America Summer Intern Dies After Pulling Three 'All-Nighters'
A business student who was a week away from completing a seven-week internship at Bank of America was found dead in his dorm late last week after reportedly working until 6 AM three days in a row.
Bank of America posted a 63% gain in second quarter profits today, making it the fifth big bank to announce huge earnings this week. Fear everything.
New York Fed Still Bailing Out Bank of America
When the banks got bailed out, people were reasonably upset — why should huge corporate banks be given public money to recover from the disaster of their own greed and incompetence? Others argued that letting those banks fail would send the economy into a further tailspin. Either way, it happened, and that was that.…
A Brief Moment of Schadenfreude During Your Long Journey Towards Poverty
The U.S. government is suing Bank of America for one billion fucking dollars, claiming BOA ran a fraudulent and destructive mortgage program during the height of the housing boom. That'll really stick it to... your pension fund, which is invested in BOA stock! Well, at least it's something to cling to. A tiny sliver…
Bank of America Is Now Stealing From Child Actors, Allegedly
According to a recent class action lawsuit, Bank of America has been illegally withdrawing money from bank accounts set up for child actors. Apparenty, there's a statute called Coogan's Law, named after a former child actor who would later play Uncle Fester on the original "Adams Family," which requires employers to…
Bank of America Unveils New, Stealthier Fees
Last year, Bank of America tried to sneakily, oh so sneakily, instate a $5 fee on debit card users. Outrage ensued, and the idea was scrapped. But you didn't think that BoA's insatiable need for sweet, sweet money was just going to disappear, did you? There are plenty of new, sneakier fees they will hit you with.
President Obama May Deliver His Convention Speech at Bank of America Stadium
Would it be good optics for President Obama to deliver his convention speech at Bank of America Stadium, in order "to sell more skyboxes to wealthy donors"? Nope, not really.
Regulators Do Not Care About Bank of America's Self-Esteem
Regulators have been picking on Bank of America—telling the poor bank that it needs to get stronger, or else they'll enforce "intensified scrutiny" (monitor its Facebook use) and "greater restrictions" (no television after 9 PM, less hanging out with its cool friends). Or some bullshit.
How American Banks Are Engineering the Next Apocalypse, Again
Remember credit default swaps? AIG? Hopelessly entangled exotic financial instruments tied to esoteric asset valuations that caused cascading defaults in 2008 and threatened to tank the global financial system unless taxpayers ate all the losses? Remember how we reformed Wall St. to make sure that never repeated…
More Banks Scrap Debit Card Fee Idea
Now Sun Trust and and Regions Financial have joined Wells Fargo and J.P. Morgan Chase & Co. in deciding that charging customers debit card fees on purchases is a stupid idea, the Wall Street Journal reports. This makes Bank of America the only loser bank among America's largest loser banks to keep its $5 fee plan. Way…
Banks Post Profits, But Still Need More of Your Money
Be sure to send a congratulatory greeting card and $5 to your friend Bank of America, which has just posted third-quarter profits higher than last year's. About $6.23 billion! Not a bad showing. However, J.P. Morgan Chase & Co. has surpassed them in assets, so those upcoming debit card fees are still necessary if you…
