Decrease in Standard & Poor’s credit ratings for lenders from Bank of America Corp. to Goldman Sachs Group Inc. Copper and oil has made global equities fall (for the first time in three days). Also, the action resulted US stock futures to slide down.

Northallerton-based mountaineer Alan Hinkes reached the top of the North Col of the world's highest peak, as part of the Iceland Everest Expedition 2011 last week. The Iceland store founder, Malcolm Walker, and his son Richard has joined him on this mission, who wanted to climb the 23,000ft North Col in order to expand funds for Alzheimer's Research along with an expert chef to cook food.

The credit card subsidiary of the Bank of America Corp said on Monday that it was restating reports of eight quarters to the regulators because it had taken a $20.3 billion write-down because of its deteriorating credit and for new regulations initiated since the last two years.

An announcement made by the Bank of America on Thursday has stated that it will be dividing its mortgage business into two parts. The latest decision has been taken to manage foreclosures and discontinued loans in a better manner.

It was a difficult year for Bank of America, with the foreclosure mess and a receding stock price. But nevertheless, its chief executive, Brian T. Moynihan, received as much as ten million dollars in his first year on the job.

In the times that we live, sometimes, we have situations that demand a lot more pro activeness and hence people have to be careful while dealing with various aspects in the banking sector. And keeping this fact in mind we see that Bank of America has come up with a new plan of using the internet for the purpose of the banking transaction.

Bank of America has risen to extend a helping hand to the Breast Cancer Foundation of the Ozarks. The bank is reported to have extended a donation of over $7,500. The donation was presented via a check on Tuesday.

The move opted by the Bank of America is claimed to be a part of the bank's local grant making program.

Bank of America Corp agreeing for settling the demands brought in by Fannie Mae and Freddie Mac's that it purchases back billions of dollars in faulty loans may make the way for American lenders to solve similar problems with the government-sponsored bodies relieving investors from woes that costs may go up.

Allstate Corp has taken legal actions against Bank of America Corp, its Countrywide lending unit and seventeen other defendants for allegedly misrepresenting the risks on more than seven hundred million dollars worth of mortgage securities it bought from Countrywide.

Bank of America Corp, which is assumed to be a target of WikiLeaks, became the last American company to ban any kind of transactions that are intended for WikiLeaks. This statement was made by the bank.