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Topic: Bank of America Corporation

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  • 10 richest members of Congress

    The 10 wealthiest members of Congress in 2012 include Senate and House members hailing from all over the US. Can you guess which political party had the most lawmakers on the list – and who grabbed the top spot? 

  • Five ways big banks' Libor scandal affects you

    London, this year's host of the Olympics, is also home to a bank scandal that threatens to rock the financial world as much as the Games influence the world of sports. Here's why: Libor (London Interbank Offered Rate) is a global benchmark for interest rates that reaches deep into the international financial system. Allegations that banks rigged those rates means that everyone from mortgage-holders and indebted students to cities and mutual funds may have had their interest rates unnaturally altered. Already tainted by other scandals, banks are under investigation because of charges that they profited illegally from their rate-rigging scheme. The mess further taints big banks and puts more strain on the credibility of the global financial system. Here are five ways the Libor scandal could affect you:

  • Companies we love in 8 industries we hate

    A trip to the bank doesn't have to be a nightmare. Here are the customer service winners in eight industries that customers hate, from airlines to cable companies.

  • One World Trade Center and the four other tallest buildings in America

    The new One World Trade Center tower is taking over as New York City’s tallest from the Empire State Building. But it’s not the country’s tallest. Here are the five tallest buildings in the country.

  • 10 best cities to buy short sale homes

    Foreclosures are tough: Homeowners lose their houses and ruin their credit, while banks get stuck with vacant, deteriorating real estate for months before selling it at a considerable loss. Increasingly, banks are finding another way: the short sale. Instead of waiting to foreclose, a bank preemptively sells a home at a deep discount and closes out the underwater mortgage, even if the house sells for less than the value of the mortgage. The result: Homeowners shed their mortgage debt, and banks unload properties more quickly and inexpensively. Here are the Top 10 metropolitan areas with the biggest average discounts on these pre-foreclosure homes, according to online foreclosure marketplace RealtyTrac. Can you guess which city is No. 1?

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Doing Good

 

What happens when ordinary people decide to pay it forward? Extraordinary change...

Paul Giniès is the general manager of the International Institute for Water and Environmental Engineering (2iE) in Burkina Faso, which trains more than 2,000 engineers from more than 30 countries each year.

Paul Giniès turned a failing African university into a world-class problem-solver

Today 2iE is recognized as a 'center of excellence' producing top-notch home-grown African engineers ready to address the continent's problems.

 
 
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