Entries in Bank of America (2)


Obama to Accept Nomination at Bank of America Stadium

Marc Piscotty for Congressional Quarterly/Getty Images(WASHINGTON) -- President Obama will close out the 2012 Democratic National Convention in September with an acceptance speech at Bank of America stadium in Charlotte, N.C., convention CEO Steve Kerrigan announced in an email.

The open-air venue, which seats more than 73,000, will significantly expand access to Obama’s speech for his supporters and the public and replicate the dramatic setting from four years ago, which came complete with enormous faux marble columns.

Obama accepted the Democratic presidential nomination in 2008 with a speech and rally before a crowd of 75,000 at Denver’s Invesco Field, home to the NFL’s Broncos.  Bank of America stadium is home to the Carolina Panthers.

The convention will also be shortened by one day, from four days to three, Kerrigan said, making Monday, Sept. 3, (Labor Day) a, “day to organize and celebrate the Carolinas, Virginia and the South” with a rally at the Charlotte Motor Speedway.

The first two days of the formal convention program -- Sept. 4-5 -- will take place at Time Warner Cable Arena before moving to the outdoor stadium on the final night of the nominating event.

Copyright 2012 ABC News Radio


Sen. Durbin: Bank of America Ending Fee Proves Consumers Have a Voice

Durbin [dot] Senate [dot] gov(WASHINGTON) -- Sen. Richard Durbin, D-IL., one of the fiercest Congressional critics of Bank of America’s $5 monthly debit card fee, celebrated the announcement Tuesday that the bank is abandoning this approach as a win for Americans who stood up and left the bank because of the charge.

“It is a good thing because it is an indication to me that the consumers across America have a much larger voice in this process today than they did even a few weeks ago,” Durbin said on the Senate floor Tuesday afternoon.  “I said customers of these banks should vote with their feet.  Start looking for another bank; find a bank or a credit union that treats them in the manner they want to be treated -- fairly and respectfully.  Well, the message got out.  And that message ended up creating a substantial move of customers from some banking credit institutions to others.”

Bank of America announced Tuesday that they are completly scrapping their planned $5 monthly debit card fee, a reversal of its announcement in late September.

Sen. Durbin said the update represents the benefits of a free-market economy, in which customers have a choice in where they do business.

“I hope it is the beginning of a trend,” Durbin said.  “Consumers are now saying they’ll only do business with banks that care about serving them instead of squeezing them.”

Copyright 2011 ABC News Radio

ABC News Radio