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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
As Western stars re-release 1980s charity hit, many Africans say it's a demeaning relic that can do more harm than good.
At least 25 tax collectors have been killed since 2012 in Mogadishu, a city awash in weapons and abject poverty.
Tokyo government claims its homeless population has hit a record low, but analysts - and the homeless - beg to differ.
3D printers can cheaply construct homes and could soon be deployed to help victims of catastrophe rebuild their lives.
 
 
 
 
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