Bank of America video and audio: WCVB's latest stories on business

23 Dec 2008

Soldier Fights Bank Over Repossessed Car

A soldier on break from fighting overseas is suing his bank after a major billing error.

"… Luke -- was home he was trying to clear the dispute with Bank of America a dispute which is detailed in -- federal lawsuit Bank of America violated we believe -- service members of a relief act. A law public protect military personnel from civil actions such as car we possession while they are military action. Attorney Julie get he believes Bank of America repossessed real bricks 2004 dodge neon like this one while the serviceman was in Iraq. -- Natalie payment notice actors military pay …" at 0:18

"… Call on a satellite phone in comments down. Bank of America and says I want to clear this up. I want to make sure that this does it right please. Reinstate the automatic payments can take the money out of my accounts. Bank of America. …" at 0:52

2 Spoken Highlights

1:35

8 Dec 2008

Rev. Jesse Jackson Visits Protesting Workers

The Rev. Jesse Jackson visits protesting workers of an abruptly closed Chicago factory.

"… company was forced to shut down because its credit was canceled by Bank of America. And workers received only three days notice now they're taking a stand until they get their vacation and severance pay which they …" at 0:38

1 Spoken Highlight

1:38

19 Sep 2008

TGIF: Recapping Wall Street's Wild Week

Wall Street ends a crazy week of ups and downs amid historic financial bailouts.

"… hammered out with breathtaking swiftness Merrill agreed to be bought out by Bank of America for fifty billion dollars. It's thundering herd of more than 15000 brokers soon to be under the management of the nation's largest …" at 0:59

1 Spoken Highlight

2:59

16 Sep 2008

Fed Meets Today About Interest Rates

The Federal Reserve meets to discuss interest rate policy, after a terrible day on Wall Street Monday. Stocks plunged on news that investment bank Lehman Brothers filed for bankruptcy and Bank of America bought Merrill Lynch.

"… banks Lehman Brothers filed for bankruptcy and Merrill Lynch was sold to Bank of America. The long run confident that -- capital markets are flexible and resilient. Can deal with these adjustments. President Bush tried to ease …" at 0:22

1 Spoken Highlight

1:20

15 Sep 2008

Paulson: Lehman Bailout 'Never An Option'

Treasury Secretary Henry Paulson says he never thought it was appropriate to put taxpayer money at risk to resolve the problems of Lehman Brothers, the nation's fourth-largest investment bank.

"… biggest brokerage. Fearing it could be next agreed to be bought by Bank of America the American people can remained confident that the soundness. In the resilience of our financial system but on Wall Street the crisis …" at 1:05

1 Spoken Highlight

1:37

15 Sep 2008

Wall St. Turmoil Called 'Uncharted Waters'

CNN reporter Carter Evans has the latest on the Wall Street banking crisis involving Lehman Brothers and Merrill Lynch.

"… it just could not get out from underneath that it. Now the Bank of America after backing away from a potential bid for Lehman Brothers over the weekend Bank of America. Agreed to by Merrill Lynch for about fifty billion dollars that's 29 dollars a share. And that ends nearly a century of independence for Merrill Lynch and it turns Bank of America in two. The biggest bank on the block now adding Merrill Lynch. Adds about 17000. Brokers and it makes Bank of America. One of the biggest broker dealers now on the planet a very large transaction Merrill Lynch today storied on that news up about 30% Bank of America not so much investors not happy about the bank taking on so much so liability there. BankAmerica shares today Scott down about …" at 0:55

1 Spoken Highlight

2:06

15 Sep 2008

Merrill Lynch Buy 'Opportunity Of A Lifetime'

Bank of America CEO Ken Lewis comments on his corporation's purchase of Merrill Lynch.

Episode Duration -- 0:21

2 Sep 2008

Parents Plan Protest Against Chicago Schools

Parents are planning a public school protest in Chicago to keep kids out of class.

"… Chicago Board of Trade the mercantile exchange. And corporate giants like Boeing Bank of America CNA as well as government buildings. …" at 1:04

1 Spoken Highlight

1:51

15 Jul 2008

Bush: U.S. Banks Sound

In his first full-blown meeting with reporters at the White House since April, President George W. Bush asserted that the U.S. banking system is basically sound.

"… America and tired of pocket. If he had -- a positive commercial Bank of America. Your deposits insured by the federal government of 200000 dollars. So therefore your nervousness about your bank -- people are talking about. …" at 1:28

1 Spoken Highlight

2:58