Bank of America, Wachovia profits nearly wiped out
292147
Bank of America Corp  and Wachovia Corp , the second- and fourth-largest U.S. banks, said on Tuesday quarterly profits were nearly wiped out by more than $10 billion of credit losses and write-downs.
641231
S&P 500 stock index futures fell back to near session lows on Tuesday after disappointing earnings from Bank of America and Wachovia Corp added to recession fears.
620335
A dividend cut and pink slips at National City Bank are harbingers of a bleak results season for U.S. commercial banks.
749013
Bank of America Corp , the  second-largest U.S. bank, on Thursday said third-quarter profit  fell 32 percent, a steeper decline than expected, hurt by  mounting credit losses and the impact of volatile markets on  its investment banking unit.
57363
Wall Street's push for record profits is ruining careers, tearing apart families and keeping drug dealers busy, mental health experts say.
468394
U.S. Bancorp , the sixth-largest U.S. bank, on Tuesday said fourth-quarter profit fell 21 percent, hurt by losses from loans and money market mutual funds, and a legal settlement.
307682
Bank of America Corp, the second-largest U.S. bank, posted a much larger-than-expected 32 percent drop in quarterly profit on Thursday, hurt by mounting credit losses and dismal investment banking results.
256649
After suffering heavy trading losses from bad mortgage investments, Bank of America said it was scaling back its investment banking operations and shedding 650 more jobs.
722276
Wall Street retreated after Bank of America missed analystsâ earnings expectations and provided further evidence of how the credit crisis has hurt the economy.
209090
Bank of America sees quarterly profits slump 32%, harmed by credit losses and an investment banking slowdown.
436843
The Bank of America Corporation, the Wachovia Corporation and PNC Financial Services Group said on Wednesday that losses tied to bad debt would be worse than expected.
30865
Washington Mutual Inc , the largest U.S. savings and loan, suffered a larger-than-expected $1.87 billion fourth-quarter loss on Thursday, battered by mortgage defaults and write-downs.
215655
Aug 19 - Over 1,500 bank tellers and other employees at Fleet bank branches across the US were given pink slips yesterday as Bank of America wraps up its $48 billion April 2004 merger with FleetBoston Financial, according to the Boston ...
608817
The axe has fallen. Bank of America said it will eliminate 3,000 jobs following its announcement last week of a huge drop in earnings for the third quarter. Most of the layoffs will come from its investment banking unit. BofA also said it was starting a strategic review of its investment banking business, raising [...].
741799
Wachovia Corp. WB.N, the No. 4 U.S.  bank, on Wednesday said fourth-quarter profit rose as its  results included the impact of its acquisition of SouthTrust  Corp.
315727
The Dow was down more than 200 points at one point today as earnings reports from Wachovia and Caterpillar disappointed investors.
596009
Washington Mutual Inc , the largest U.S. savings and loan, posted a $1.87 billion fourth-quarter loss on Thursday, its first quarterly loss in more than a decade, battered by mortgage defaults and write-downs.