Mecklenburg Times: News for Mecklenburg, Union and Iredell counties Real Estate, Development, Construction, and Community News in the Charlotte area and throughout Mecklenburg, Union and Iredell counties

Three of the nation’s biggest banks — Bank of America, JPMorgan Chase and Wells Fargo — have teamed up to start a Charlotte-based joint venture to allow customers to pay for goods and services using only an email address or ...

Tagged with: Bank of America JPMorgan Chase PayPal Wells Fargo

Bank of America has tentatively agreed to a $410 million overdraft fee lawsuit settlement, according to court documents released Monday. The lawsuit was filed as a class action against some U.S. banks, but the Charlotte-based banking titan is the first ...

Tagged with: Bank of America Citibank JPMorgan Chase Wells Fargo

A former Bank of America computer programmer was sentenced today to two years in prison for stealing almost $285,000 from company ATMs during seven months in 2009. Prosecutors say Rodney Reed Caverly, 54, used a special computer code to withdraw the money without ...

Tagged with: Bank of America

Bank of America has chosen David Reilly as the company’s shared technology infrastructure executive. His responsibilities will include designing, building and operating the Charlotte-based company’s enterprise technology infrastructure and operations. Reilly, who will be based in New York, will also ...

Tagged with: Bank of America

Bank of America said today that it wants to reduce its greenhouse gas emissions by 15 percent from 2011 to 2015 by using less energy, a goal the Charlotte-based company described as ambitious. Bank of America said the plan involves its ...

Tagged with: Bank of America U.S. Green Building Council

Bank of America today released the results of its 2011 annual meeting, and CEO Brian Moynihan was upbeat about the Charlotte-based company. “We are a much stronger company than last year,” Moynihan said. “We have lowered the risk in our business, ...

Tagged with: Bank of America Brian Moynihan

After eliminating overdraft fees last year, Bank of America is poised to bring them back. But customers will have more control over whether they pay the fees under a new Bank of America test program announced Friday by Laurie Readhead, retail segments ...

Tagged with: Bank of America

First Trust Bank said its net income rose 17 percent in the first quarter from the same quarter last year. The Charlotte-based company reported first-quarter net income of $620,000, or 13 cents per diluted share, up from net income of $528,000, or ...

Charlotte-based Park Sterling Corp., the holding company for Park Sterling Bank, today said it had a $2.9 million net loss in the first quarter, or 10 cents per share, compared with net income of $157,000, or 3 cents a share, ...

Bank of America Corp. has been dismissed from a lawsuit brought by investors who bought mortgage-backed securities sold by Countrywide Financial Corp., the home lender the Charlotte-based bank acquired in 2008, according to a story on bloomberg.com.