OnCharlotteNC.com

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How a quiet bank executive built lavish life on stolen money

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mecklenburg, n.c. state, wachovia

Published June 13, 2010 at 5:50 a.m.

Scott Welch accumulated. He bought golf carts and landscaped extravagantly and turned a modest ranch house into a striking estate. He had a log cabin playhouse built for his children and a pier built for his speedboat. And all of it was not terribly notable for a Wachovia executive in the midst of the Charlotte banking boom ... Welch himself seemed unremarkable - quiet and well-liked by most neighbors and colleagues, a family man who took his children to sporting events around Mooresville and

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Bond runs deep for Munnerlyn, Norwood

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bank of america, carolina panthers, panthers, panthers'

Published June 12, 2010 at 10:36 p.m.

CHARLOTTE -- Moments after the Carolina Panthers selected South Carolina's Eric Norwood in the fourth round of the NFL draft in April, a text arrived from Panthers' cornerback Captain Munnerlyn ... "Great pick," Munnerlyn wrote to The Observer. "That's my boy." ... Thanks to Munnerlyn, former college teammate Norwood is no stranger to Bank of America Stadium ... Munnerlyn, a 2009 seventh-round pick, had a surprisingly strong rookie season and provided tickets for Norwood to come to some games

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BofA dumps Benihana shares

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bank of america

Published June 11, 2010 at 11:00 a.m.

Bank of America Corp. has cut its stake in Japanese restaurant operator Benihana Inc. (BNHN) (BAC) (WFC) ...

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BofA to pay $195K settlement

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bank of america

Published June 11, 2010 at 7:22 a.m.

The Missouri attorney general’s office says Bank of America Corp. has agreed to pay the state $195,000 to settle allegations that it violated Missouri’s telemarketing and telephone solicitation laws. (BAC) ...

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Recruiter: Keep in touch to stand out

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wachovia

Published May 8, 2010 at 8:10 p.m.

(By Kirsten Valle, kvalle@charlotteobserver.com) Mark Frietch has seen the labor market from both sides: as a recruiter for large organizations and, when he lost his job at Wachovia last year, as one of the thousands of the Charlotte region's unemployed ... Frietch launched his own business, TAC Services LLC, in July, advising small companies on the best ways to attract and retain talent, and coaching job candidates on the best ways to stand out in the crowded job market. And he's worked a

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BofA discloses European exposure

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bank of america

Published May 7, 2010 at 3:20 p.m.

Bank of America Corp. says a British tax on bank bonuses may cost the Charlotte-based bank $465 million in the second quarter. (BAC) ...

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Countrywide to pay $600M settlement

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bank of america

Published May 7, 2010 at 2:35 p.m.

Countrywide Financial Corp., which is owned by Bank of America Corp., has agreed to pay $600 million to settle a class-action lawsuit brought by New York pension funds. (BAC) ...

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Bank of America steps up security at N.Y. tower

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bank of america

Published May 3, 2010 at 11:19 a.m.

(By Rick Rothacker, rrothacker@charlotteobserver.com) ...

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How Bank of America almost lost Moynihan

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bank of america

Published Feb. 18, 2010 at 8:41 a.m.

(By Christina Rexrode, crexrode@charlotteobserver.com) New court filings give more detail about just how close Brian Moynihan came to leaving Bank of America in late 2008 - including the bank preparing a news release saying that Moynihan was departing ... Moynihan became chief executive last month, but he probably wouldn't have gotten the job if he'd left the bank in December 2008. He was head of the investment bank at the time, but was going to lose the position to Merrill Lynch CEO John Thain

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Union's protesters at Bank of America say guards lost their benefits

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bank of america

Published Feb. 17, 2010 at 3:12 p.m.

(By Rick Rothacker, rrothacker@charlotteobserver.com) New York security guards who contend they lost affordable health insurance after Bank of America Corp.'s purchase of Merrill Lynch & Co. brought their protest to the Charlotte bank's headquarters on Tuesday ... In the merger transition, about 130 former Merrill Lynch security guards in December faced a steep increase in their health care benefits, leaving many unable to afford coverage, said Joe Eisman, organizing coordinator with a Service

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