BofA Warned by Regulators

Banking

Updated Apr. 24, 2017 1:03PM EDT / Published Nov. 22, 2011 6:16AM EST

Scott Olson / Getty Images

Nothing that some ridiculous new debit-card fees can’t fix? Bank of America has been quietly warned by regulators to take steps to grow stronger—and it could face public action if it fails to comply. According to The Wall Street Journal, the bank has been operating under a secret memorandum since May 2009 identifying governance, liquidity, and risk management as problems. Recently regulators warned BofA’s board that, without greater progress, the secret movement could become a public action that would place greater restrictions on and bring new scrutiny to the bank. The board, says the Journal, was caught off guard by the development.

Read it at The Wall Street Journal

R.F.K. Jr.’s Old Environmental Pals Tell Him to Get Lost

“His actions are a betrayal to our environment,” the candidate’s former mentor said of him.

Iconic Hotel From ‘The Shining’ Goes Up in Flames

Crews responded late Thursday night to an attic fire at the famous Oregon lodge.

John Cleese Cancels His Own Cancel Culture Show

The “Monty Python” star has stalled the show for three years.

Susan Sarandon Joins Protesters at Columbia University

“Especially in a place of education, and supposedly higher thought, to be attacked with racism and intolerance is not acceptable,” the actress said.

New Deets Surface on Barbara Walters and Diane Sawyer’s Beef

Despite the two being bitter rivals, Sawyer also conceded, “We spent a lot of time laughing and forging a real friendship.”

Stock Slips After Netflix Stops Sharing Subscriber Numbers

Despite a strong first quarter, investors were seemingly rattled by the company’s decision to stop reporting their favorite metric.

A D.C. ‘Skinny’ Home Is Listed for $600K—It’s 6 Feet Wide

A change in zoning laws forced the owners to put their building plans on a serious diet.

Ethics Panel Wants to Know if Gaetz Got High at Parties: ABC

The House committee has reportedly obtained a woman’s statement claiming the Republican attended an event where drugs were present.

BofA Warned by Regulators

Scott Olson / Getty Images