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Posts Tagged ‘BANK OF AMERICA’

Bank Of America: Not Banning Gun Purchases (Yet)

January 16, 2013 2 comments

fitsnews.com

bank of america

YOU CAN STILL BUY WEAPONS, AMMO WITH YOUR BOA DEBIT AND CREDIT CARDS … FOR NOW

The internet has been ablaze this week with a rumor alleging Bank of America has restricted firearm and ammunition purchases by its customers. According to numerous internet posts, the bank has been prohibiting customers from purchasing guns or ammunition using bank-issued credit or debit cards. FITS ha Read more…

6 Biggest Tech Security Fails in the Last Year

May 17, 2011 Comments off

ismashphone

Fail

This is the age of being perpetually connected. If you have a Twitter, Facebook or any other sort of account, your information is out there. The best thing to do is just keep the information you don’t want people to know offline. It’s just safer that way.

Now, let’s take a look at the times that the major companies have failed, big time. There are several of them, here they are.

1) Texas Workforce Commission – Identities Released: Social Security Numbers, Addresses, etc.

My home state (note: everyone on iSmashPhone is from a different part of the world). It was recently found that Social Security numbers, driver’s license numbers and other personal info, according to website ComputerWorld. Two security chiefs were fired over it, and while the Attorney General’s office says that there is no evidence that the exposed data has been misused, they did say that we should be careful about being targets of a new phone scam. Here is that press release. And everyone is worried about Apple? This was personal info for people who truly had no choice in the Read more…

Hacker group Anonymous says it will release Bank of America emails

March 13, 2011 Comments off

heraldsun.com

The loose-knit hacker collective known as “Anonymous” plans to release emails obtained from Bank of America Corp. early today, an Anonymous-related Twitter feed said.

“[S]ee you guy’s Monday Morning 5am…London Time,” a post from the Twitter username OperationLeakS said.

“Meet my demands Release Pfc. Bradley Manning and I will remove every #BoA Employee from the Emails,” the feed said Saturday, referring to the US Army private accused of leaking sensitive US cables to WikiLeaks.

Manning is currently being held at the Quantico Marine base, outside Washington, D.C.

Anonymous is not officially affiliated with WikiLeaks, but members have previously targeted websites including PayPal, Amazon, Visa and the head office of the Swedish Prosecution Authority for hampering WikiLeaks’ activities.

WikiLeaks said in December 2010 that it would soon release information about banks and advised “that all people who love freedom close out their accounts at Bank of America,” prompting speculation that the bank would be the next target of a major WikiLeaks document dump.

Debit cards: $50 spending limit coming?

March 11, 2011 Comments off

cnn.com

Debit card limit By Blake Ellis, staff reporterMarch 10, 2011: 10:09 AM ET

NEW YORK (CNNMoney) — Declined! Your debit card may soon be denied for purchases greater than $100 — or even as little as $50.

JPMorgan Chase, one of the nation’s largest banks, is considering capping debit card transactions at either $50 or $100, according to a source with knowledge of the proposal.

Why? Because of a tricky thing called interchange fees.

Right now, every time you swipe your debit card, your bank charges the retailer an average fee of 44 cents, which it shares with its partners. Those little fees, however, add up to about $16 billion per year, according to 2009 data from the Federal Reserve.

But as part of the Wall Street reform legislation that was passed last year, these fees are being slashed. The Fed is currently proposing rules that would go into effect in July and would cap interchange fees at 12 cents.

That’s a big enough cut to cost Read more…

Something Large This Way Comes

February 3, 2011 1 comment

And so it picks up steam.  What started in Iceland,  instigated by Wall St,  has now engulfed Tunisia,  Yeman,  Sudan,  Egypt,  Syria,  Jordan and others yet to be made manifest.  Saudi Prince Turki bin Abdul Aziz Al Saud has warned the country’s royal family to step down and flee before a military coup or a popular uprising overthrows the kingdom.

Julianne the Apostate can take the credit of kicking this ball down the hill as it was his release of some of those documents which demonstrated selected venality amongst certain countries’ leadership.  It would have happened anyway,  but the Apostate,  it seems,  was the spark.  How this could be to Israel’s benefit is beyond me.

The control system is blowing apart at the seams.  Anyone thinking the unrest across North Africa to the Middle East is part of a planned paradigm has got to be crazy.  Certainly,  there are organizational forces at work trying to ride on top of the chaos,  but all Read more…

Bank of America posts loss on mortgage problems

January 23, 2011 4 comments

Joe Rauch
and Maria Aspan

CHARLOTTE, N.C./NEW YORK, Jan. 21, 2011 (Reuters) — Bank of America Corp, the largest U.S. bank, reported weaker-than-expected revenue and a second straight quarterly loss after its limping mortgage business triggered writedowns and legal settlements.


Bank of America’s Merrill Lynch businesses — including retail brokerage and investment banking — were profitable but did not make enough money to overcome the bank’s massive losses from mortgages.

As the financial crisis was ramping up, then Chief Executive Kenneth Lewis bought Countrywide Financial Inc for $4.2 billion. Current CEO Brian Moynihan is still coping with the aftermath.

In the fourth quarter, Bank of America took a writedown of $2 billion to recognize the declining value of Countrywide. The bank also set aside $4.1 billion for legal costs linked to home loans it is buying back from investors, or is likely to buy back.

“Countrywide is still hurting them and it will continue to. It’s like a tooth being pulled — it’s only going to feel good when it’s done,” said Matt McCormick, portfolio manager at Bahl & Gaynor Investment Counsel Inc in Cincinnati, which does not own Bank of America shares.

It was not clear how Bank of America’s results compared with analysts’ average estimates, given the profusion of special items in the report. Read more…