Bank of America reverse last year's loss

Bank of America made $US2 billion ($A1.92 billion) in the last three months of last year, reversing a loss.

Reverse Mortgages: Big Potential, Small Results

Reverse mortgages should be a breakout product of demographic destiny. Millions of older Americans are hurtling toward very uncertain retirements . Survey after survey documents a serious lack of retirement ...

DealBook: Bank of America Swings to a Profit, Mostly From One-Time Items

Even as Bank of America reported a $2 billion profit in the fourth quarter, what was once the country’s largest bank has shed tens of billions of dollars from its balance sheet and has laid off nearly 7,000 employees.

Bank profit reports could be lifted by business loans

(Reuters) - A recent rise in loans to businesses is spurring hope that U.S. bank earnings reports, which begin on Friday, will show the outlook for this economically critical industry is better than battered stock prices and weak investment banking volumes suggest. Loans by large banks to commercial and industrial companies picked up sharply through the last week of the year, according to ...

Bank profit reports could be lifted by biz loans

(Reuters) - A recent rise in loans to businesses is spurring hope that bank earnings reports, which begin Friday, will show that the outlook for this economically critical industry is better than its battered stock prices and weak investment banking volumes would suggest. Loans by large banks to commercial and industrial companies picked up sharply through the last week of the year, according to ...