Money Morning

Bank of America (NYSE: BAC): Someone from This Fraud Machine Needs to Go to Jail

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Last week Bank of America (BofA) got slammed by the Consumer Financial Protection Bureau for fraudulent marketing and sales of “add-on” products.

The CFPB found that they had ripped off credit card customers by selling them identity theft protection and credit protection programs, without ever actually providing much of anything.

Read all about BofA’s shady marketing practices… the other banks that have also engaged in fraud…

The post Bank of America (NYSE: BAC): Someone from This Fraud Machine Needs to Go to Jail appeared first on Money Morning – Only the News You Can Profit From.

Stock Market Today: GE, FB, GOOG Lead Today’s News

U.S. stock futures were weak this morning as Wall Street looks to looming tensions in Ukraine and worse-than-expected Chinese data.

The Dow Jones Industrial Average rose 146 points on Monday to finish at 16,173.24. The Nasdaq increased by 22 points to finish at 4,022.69, while the S&P 500 added 14 points to end the day at 1,830.61.

The post Stock Market Today: GE, FB, GOOG Lead Today’s News appeared first on Money Morning – Only the News You Can Profit From.