The value of Countrywide Financial has been on a downward slide for sometimes now. It is only a matter of time before they have to make a move to survive.

Bank of America Corporation today announced a definitive agreement to purchase Countrywide Financial Corp. in an all-stock transaction worth approximately $4 billion.

Bank of America Securities, a unit of the big Charlotte, N.C., bank, estimates that $85 billion in subprime mortgages are resetting during the current quarter.

Windows Mobile proves to be most popular smartphone operating system used to access Bank of America’s mobile banking service.

Sun Microsystems and Bank of America, a key provider of treasury services to Sun, are breaking new ground with a pilot of the ISO 20022 global financial messaging standard for end-to-end payment processing. Running on Sun's own Solaris 10 Operating System, the pilot will help Sun achieve full end-to-end automation of payment processing operations around the world.

Buys convertible preferred stock for $2 billion

Bank of America Businesses Generate Solid Revenue Growth Across Customer Segments.

New Bank of America Accolades(TM) American Express(R) Card Offers Distinctive Perks and Benefits

New Score a Mortgage Sweepstakes helps fans round the bases to home ownership