US stocks bounce back after long weekend
US stock markets opened strongly on Tuesday, in the first session after an extended holiday weekend.
The Dow Jones Industrial Average rose 98.69 points (1.02 percent) to 9,785.55 in opening trades.
U.S. stock markets are rising on the back of gains in the European and Asian markets and bolstered by comments from the Australian central bank.
The [...]
Bank of America gains profit
Bank of America said it returned to profit in the first quarter of this year, reporting better than expected net income of 3.2 billion dollars.
The bank, which is often considered a bellwether for the American economy, said Friday morning that it clawed back to profitability in the first quarter after two consecutive periods of losses.
It [...]
$3.3 Billion Income for JPMorgan Chase in 1st Quarter
“The firm’s net income of $3.3 billion reflected another strong quarter for the investment bank, particularly in fixed income markets,” Jamie Dimon, JPMorgan’s chief executive, said in a statement. “Unfortunately, these good results were partially offset by high losses in the consumer credit portfolios.”
After almost two and a half years of sobering news, the head [...]
Bank of America Apologized for confiscating a parrot, other belongings
Bank of America has apologized to a woman in Pennsylvania after one of its contractors entered her house, damaged furniture and confiscated her parrot.
Angela Iannelli has filed a lawsuit alleging that the incident in October caused her so much “emotional distress” that she needed medication for anxiety.
Iannelli said she returned home one day in [...]
Homeowners Backlash on Banks Loan Programs
A slew of struggling homeowners are coming forward with complaints about the way banks are operating under a federal loan modification program announced last year by the Obama administration.
You qualify.
Those two words, from the mouth of a bank representative last October, triggered a wave of relief for Tracy Davis and her husband James. [...]
