bank of america

Bank of America to Begin Charging $5 Monthly Fee for Debit Card Usage
Bank of America to Begin Charging $5 Monthly Fee for Debit Card Usage
Bank of America to Begin Charging $5 Monthly Fee for Debit Card Usage
In light of new regulations limiting what financial institutions can charge merchants when buyers swipe their debit cards, Bank of America — the nation’s largest bank — will soon impose a $5 monthly fee on customers who use their debit cards to pay for such transactions. Anne Pace, a Bank of America spokeswoman, said the fee will only be charged when customers use their cards during merchant trans
Horatio Street Data Processing Center Waits for Word on Bank of America Job Cuts
Horatio Street Data Processing Center Waits for Word on Bank of America Job Cuts
Horatio Street Data Processing Center Waits for Word on Bank of America Job Cuts
On Monday, Bank of America announced that part of its plan to cut $5 billion in spending by 2014 includes the elimination of 30,000 jobs. CEO Brian Moynihan made no mention of layoffs during an investor conference, and the bank says it expects the job losses to occur naturally through attrition and not rehiring when people vacate their positions.