Finance
Bank buys domain for $3M
Bank of America has paid $3 million at auction for the loans.com domain, the company said today.
![zd-defaultauthor-zdnet-staff.jpg](https://www.zdnet.com/a/img/resize/7087afe5cd89377807bbbc5fd0463fbab2ff251b/2014/12/04/e51c8bfa-7b73-11e4-9a74-d4ae52e95e57/zd-defaultauthor-zdnet-staff.jpg?auto=webp&fit=crop&frame=1&height=192&width=192)
Bank of America has paid $3 million at auction for the loans.com domain, the company said today. Bank of America owns 5 percent of E-LOAN, an online lending company, and funds mortgage and automobile loans originated by E-LOAN. The bank bought the domain from Marcelo Siero, a computer consultant from San Jose, Calif., who had registered the name in September 1994. The online auction was run by GreatDomains.com. -- Margaret Kane, ZDNet News