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Justice department accuses bank of causing taxpayers more than $1bn in losses by selling toxic mortgage loans.
Economic protesters had campaigned against Bank of America plans to implement monthly charge for personal accounts.
Ten per cent of workforce set to lose their jobs over the next few years in a bid to save $5bn a year.
US president pushes congress to pass his $447bn jobs bill with "no games, no politics, no delays" to revive economy.
Troubled bank to sell about half of its 10 per cent stake in China Construction Bank for $8.3bn in cash.
The bank and its Countrywide unit agree to settle claims for selling poor quality mortgage-backed securities.
Featured on Al Jazeera
An interactive dashboard examines the history, successes and challenges facing the group.
Series on the Palestinian 'catastrophe' of 1948 that led to dispossession and conflict that still endures.
Fallout from rare strike at Arabtec Construction continues.
A four-part series that gives a rare insight into the country on the move, with history in tow.
Featured
News and analysis of 2013 presidential contest as Ahmadinejad finishes second term.
A four-part series that gives a rare insight into the country on the move, with history in tow.
Two years since the start of the uprising, rebels and Assad's forces remain locked in conflict.
Fallout from rare strike at Arabtec Construction continues.
Series on the Palestinian 'catastrophe' of 1948 that led to dispossession and conflict that still endures.
In Pictures
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