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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
Muslim volunteers face questioning and threat of arrest, while aid has been disrupted or blocked, charities say.
Six months on, outrage and sorrow over the mass schoolgirl abduction has disappeared - except for families in Nigeria.
ISIL combatants seeking an 'exit strategy' from Mideast conflict need positive reinforcement back home, analysts say.
European nation hit by a wave of Islamophobia as many young fighters join ISIL in Syria and Iraq.
 
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