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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
Swathes of the British electorate continue to show discontent with all things European, including immigration.
Astronomers have captured images of primordial galaxies that helped light up the cosmos after the Big Bang.
Critics assail British photographer's portrayal of indigenous people, but he says he's highlighting their plight.
As Western stars re-release 1980s charity hit, many Africans say it's a demeaning relic that can do more harm than good.

 
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