Banking

Within days of awarding $1million to a group of struggling Charlotte charities, Bank of America announced it is cutting back on matching contributions to nonprofits in the communities it serves.

A well-known bank analyst has an unconventional and polarizing idea for Bank of America as it hunts for a new CEO: Bring back Ken Lewis.

It's the latest sign that remnants of the old Wachovia Corp. are disappearing: On Wednesday, the Charlotte bank replaced the ATM at its trademark branch on South Tryon Street with a high-tech machine from Wells Fargo & Co.

A notary public is the 10th person agreeing to plead guilty in the more than yearlong "Waxhouse Investigation" involving mortgage fraud in Mecklenburg and Union counties.

Wells Fargo & Co., the fourth-biggest U.S.

Facing a hail of criticism, Goldman Sachs' top officer has offered a halting apology for the premier investment bank's role in the subprime mortgage crisis that sank the nation's economy.

Democrats and Republicans in Congress still can't agree on whether Bank of America was perpetrator or victim in the saga behind its troubled Merrill Lynch deal.

While many of his peers are hunkering down in the financial crisis, U.S. Bancorp chief executive Richard Davis is on the offensive.

Bank's foundation focuses on agencies helping the homeless and those hit hard by foreclosure crisis.

At a congressional hearing today on Bank of America Corp.'s Merrill Lynch & Co. acquisition, Democrats and Republicans continued to spar over whether Bank of America Corp. last December tried to squeeze more aid out of the government or was forced to close the deal despite rising losses.