By Mecklenburg Times staff reports
Published: September 23,2011
JPMorgan Chase & Co. and Bank of America Corp. are opening mortgage-assistance centers in Charlotte. JPMorgan opened its center Tuesday at 205 Regency Executive Park Drive, Suite 100. BofA is expected to open its center, the location of which has not been disclosed, next month. The centers will focus on helping homeowners struggling to pay [...]
By Mecklenburg Times staff reports
Published: August 29,2011
Bank of America Corp. today said it has agreed to sell about 13.1 billion common shares of China Construction Bank Corp. to a group of unnamed investors. The Charlotte-based bank said the sale, slated to close in the third quarter, is expected to generate roughly $8.3 billion in cash and an after-tax gain of about $3.3 [...]
By Sam Boykin, staff writer
Published: August 16,2011
It was a bit like “Animal House,” except everyone worked on Capitol Hill and toga parties were no longer in fashion. Charlotte native Walter Price and five of his buddies, all recent Davidson College graduates, were renting a big house in Alexandria, Va., just outside Washington, D.C., during the heady 1990s, when the economy was [...]
By Scott Baughman
Published: July 29,2011
The foreclosure crisis is bad news for some. But for at least a few Charlotte-area contractors, it’s salvation. Despite a housing slump, some contractors in Charlotte are keeping their businesses afloat repairing and maintaining foreclosed homes, which angry owners often trash before they lose them to the banks. Tim Feeney is among contractors making money [...]
By Sam Boykin, staff writer
Published: July 26,2011
Charlotte’s next big competitor for skilled workers might be coming from deep in the heart of Texas. When it comes to cities economic developers here are paying attention to, Austin, more than 1,100 miles away, is on the list as the Queen City tries to lure skilled workers. But going head to head with Austin [...]
By Mecklenburg Times staff reports
Published: July 21,2011
Bank of America Merrill Lynch said it has created a tool to help traders get orders in faster. The new trading platform is called BofAML Express. The company is touting the software’s compliance with risk controls required by recent Securities and Exchange Commission regulations. The platform, developed by Thesys Technologies, connects to all major U.S. [...]
By The Associated Press
Published: July 19,2011
NEW YORK — Things keep getting worse for Bank of America. Today, the nation’s largest bank reported a loss of $9.1 billion during the second quarter, partly because of an $8.5 billion settlement with investors. That agreement, reached in June, settled claims that the bank had sold the investors poor-quality mortgage bonds. The bank had [...]
By The Associated Press
Published: July 18,2011
NEW YORK — Bank of America shares hit a two-year low today. The stock fell 3.6 percent in midday trading, hitting a low of $9.53. It is the only large bank with a share price in the single digits. Most bank stocks fell today on fears about the effect of a potential U.S. government debt [...]
By Mecklenburg Times staff reports
Published: July 13,2011
Sonic Automotive said it has amended and extended its credit facilities that were scheduled to mature in August 2012. The amended credit facilities, which will now mature in August 2016, provide for up to: • $500 million for new vehicle inventory floor plan financing, an increase of $179 million; • $80 million for used vehicle inventory floor plan financing, an increase of $30 [...]
By Mecklenburg Times staff reports
Published: July 12,2011
Bank of America Corp., Time Warner Cable and US Airways have something in common: They’re all on The Atlantic’s “19 Most Hated Companies” list, which the publication released this month. Bank of America, the only one of the three headquartered in Charlotte, is No. 19, with a satisfaction rating of 68 out of 100. “Customers [...]
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