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Bank of America has put as many as four million of its customers on notice. BofA will likely be raising rates for the customers.
The hike is said to affect those who carry a balance and have an interest rate below 10 percent. They can expect …

AIG CEO Edward Liddy said that employees have started giving back half of their bonuses and some employees are giving it all back.
At the same time, he refuses to give out the names of those employees that received the bonuses to begin with. He says …

After an awful week on Wall Street last week, this one has been pretty good(so far) and been fueled by news from Citi that it operated at a profit for the first quarter and other news out of Washington about federal money headed to financial …

As Bank of America makes the move to absorb Merrill Lynch, it could end up cutting 30,000 jobs. The cut would be three times more than what was previously estimated.
Just yesterday, estimates came out that said 10,000 jobs would be cut from the payroll, and …