BANK OF AMERICA

China Bank Loans Rebound in October, More Policy Easing

An employee seals a stack of yuan banknotes
Chinese banks wrote 587 billion yuan ($92.5 billion) of new loans in October, much more than expected and a sharp jump from September, evidence of "selective" policy easing by the government to keep the world's second-largest economy on an even keel.

As Banks Stop Hiring, Industry Safety Net Rips Apart

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The banking sector, enduring rounds of deep job cuts, faces the grim prospect of having nowhere to turn to for immediate employment in the industry, as nearly all branches of finance have pulled back on hiring.
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Goldman Faces Lawsuits Over $15.8 Billion in Mortgages

Goldman Sachs Group Inc faces lawsuits over $15.8 billion worth of mortgage securities, the bank said in a regulatory filing on Wednesday, a more than 30-fold increase from the amount disclosed three months earlier.
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File photograph of a man walking past the Hewlett Packard logo at its French headquarters in Issy le Moulineaux

HP Weighing Sale of WebOS Unit

Hewlett-Packard Co is looking to sell Palm's webOS mobile software platform, a deal that could fetch hundreds of millions of dollars but less than the $1.2 billion that HP paid last year, four sources close to the matter said.
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Bank Transfer Day protest a marketing boon for some

Bank Transfer Day -- the protest movement urging Americans to take their business out of big banks on Saturday and put it into credit unions and local banks -- is being used as a marketing opportunity by some.
Jon Corzine, MF Global Holdings Ltd. CEO

Corzine's Fall From Grace Leaves Obama With Even Less Bridges to Wall Street

The fall of Jon Corzine, a prominent figure with a toehold in the worlds of both finance and politics, is not only an issue for himself, but for one of the men who likely sought his advice and support on a regular basis, President Barack Obama. Perhaps more importantly, it follows a trend that has dogged the president since 2010, as, due to a variety of causes, many of the people close to Wall Street he had previously sought out have later found themselves uninvited to tea in the Rose Garden.
Customers use ATM machines inside of a Bank of America branch in Times Square in New York

Bank Transfer Day on Nov. 5 Looms High

Bank Transfer Day Nov 5 is tomorrow, and as people across America are preparing to stick it to their financial institutions, bank stocks are taking a huge hit and credit unions are seeing a major boon.
World Financial Center

Brookfield Reports Record Leasing Activity, Raises Forecast

Brookfield Office Properties, the landlord with holdings in America, Canada and Australia, including the now infamous Zuccotti Park, reported 8.2 million square feet of leasing activity following the third quarter, surpassing its record leasing levels in pre-recession 2007.
Demonstrators converge on the Port of Oakland, California, during a general strike called by the Occupy Oakland movement

Occupy Protesters Shut Down Port of Oakland

Protesters shut down operations at Oakland's port and blocked traffic Wednesday in demonstrations against economic inequality and police brutality that were marred by scattered vandalism.
Bank of America and OWS

Bank of America Drops $5 Debit Card Fee in Major Concession

Bank of America has canceled its plans for a $5 monthly debit card fee in response to public backlash, making it the last major bank to retreat. Bank of America had proposed the fee in response to the 2010 Dodd-Frank financial regulatory bill.
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SunTrust to Drop $5 Monthly Debit Card Fee from Nov. 2

SunTrust Banks Inc said on Monday it planned to drop a $5 monthly debit card service fee, adding the Atlanta-based regional bank to the list of lenders dropping such maintenance fees amid rising public criticism of the industry.

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