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This may be old news to some of you, but it was news to me: Bank of America “plans to dump the Countrywide name early next year.”
This from today’s L.A. Times: “… Bank of America still plans to dump the Countrywide name early next year in favor of the Bank of America brand, Bank [...]

Wachovia Corp (WB) opened at $14.14. So far today the stock has hit a low of $13.67 and a high of $14.14. WB is now trading at $14.04, up 0.15 (1.08%). After hitting a one-year high of $53.10 in September, the stock hit a one-year low of $13.38 yesterday. WB shares are trading higher this [...]

Hackers Break Into 7-Eleven Machines, Make Off With $2 Million
NEW YORK (CBS) ? Police have uncovered a massive identity theft scam in New York City. Thieves have been stealing pin numbers and have gotten away with millions of dollars in cash. The theft came from a very convenient place – a popular convenient store.
They’re cash [...]

 
Wachovia (WB) may be forced to buy Prudential out of its stake in a retail brokerage joint venture, the NY Post says. The deal, struck in 2003, gives Prudential the option to force Wachovia, which is already strapped for cash, to buy it out of its share of the venture. New York Post:
Under the terms [...]

Bank of America Corp. (BAC) opened at 24.05. So far today, the stock has hit a low of 23.19 and a high of 24.29. BAC is now trading at 23.26, down 0.55 (-2.29%). The stock hit its 52 week high of 52.96 in October and set its 52 week low of 22.44 in June. BAC [...]

Problems from LaSalle’s construction portfolio push delinquencies higher
INSIDE FINANCIAL SERVICES - BY BECKY YERAK
July 4, 2008

Problem loans inherited from LaSalle Bank are driving up delinquencies in Bank of America Corp.’s construction portfolio, according to Foresight Analytics LLC.
LaSalle “contributed a significant amount of problem loans” to BofA’s construction portfolio in the first quarter, Matt [...]

Nick Massey
The Edmond Sun
EDMOND — Well, I guess I’m overdue. I haven’t gone into a rant about the Fed and bankers in awhile, so here I go again. As you’ve probably noticed, I’m not a big fan.
Sometimes supposedly smart people turn out to be nothing more than a title and an empty head. Or to [...]

Wachovia Corp. has dropped advertising agency Mullen from the bank’s review of its estimated $120 million advertising account.
Massachusetts-based Mullen had handled Wachovia’s business for more than a decade.
“Wachovia appreciates and values the partnership we have had with Mullen for the past 12 years,” a Wachovia spokeswoman says. “The agency served us well during a time [...]