updated Sun. December 10, 2023
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Coindesk
April 28, 2018
Bank of America is closing her bank account on May 4 because of her "risk profile" and, it would appear, her "connection" with the crypto space. Please let me explain. My management company manages a hedge fund which does indeed routinely invest in the crypto space. Importantly, the managementÃâà...
Fall River Herald News
April 28, 2018
FALL RIVER – Steppingstone Inc., which provides a variety of behavioral health and homeless service programs to low-income residents of Fall River, was once again contacted by Bank of America regarding their volunteer program. This April, as part of Bank of America's 10th annual global service month,Ãâà...
The Hill
April 28, 2018
The former executive, Omeed Malik, is asking Bank of America for the money because he claims the bank used “false and defamatory language” in public documents about his termination, according to the Journal. Malik's lawyer, John Singer, added that the bank “threatened the employment and livelihoodÃâà...
CNBC
April 27, 2018
A former senior executive at Bank of America, who was fired amid allegations of sexual misconduct, filed a defamation claim against the company and is seeking damages of more than $100 million. Omeed Malik — who was a managing director in Bank of America's prime brokerage business until JanuaryÃâà...
Business Insider
April 27, 2018
The US dollar is rising after falling to a three-year low earlier this year. According to currency strategists at Bank of America Merrill Lynch, this could be the beginning of a bigger comeback. They specified six things to watch that could determine how high the dollar will go, and one recommendation that would profit from theÃâà...
Common Dreams
April 26, 2018
Charlotte, NC - A crowd of activists rallied today outside of a meeting of Bank of America's shareholders and executives to call on the Charlotte-based bank to drop its financing of dirty and destructive fossil fuel projects. Bank of America is one of the leading banks on a multibillion-dollar loan covering halfÃâà...
ABL Advisor
April 26, 2018
Bank of America, Others Provide $2.15B Credit Facility to KBR ... debt reductions. Bank of America, N.A., BNP Paribas Securities Corp., Citigroup Global Markets Inc., MUFG Bank, Ltd., The Bank of Nova Scotia, SunTrust Robinson Humphrey, Inc., and BBVA Securities Inc. acted as Joint Lead Arrangers.
Seeking Alpha
April 26, 2018
Bank of America (BAC) Investor Presentation - Slideshow. Apr.26.18 | About: Bank of (BAC). The following slide deck was published by Bank of America Corporation in conjunction with this event. 129. Brian Moynihan, Chairman and CEO April 25, 2018 Deli2017 Results Compared to 2016 Grew Earnings Increased CapitalÃâà...
Chicago Tribune
April 26, 2018
Bank of America's new policy denying loans and other services to certain gun makers came after dozens of employees lost family members or suffered other trauma related to mass shootings in the past few years. "This comes from our teammates saying we have to help," Chief Executive Officer BrianÃâà...
MarketWatch
April 26, 2018
Mr. Crapo's letters, to Bank of America's Brian Moynihan and Citigroup's Michael Corbat, come after the firms took steps in recent weeks to curtail business with the gun industry. Mr. Moynihan's letter was dated Wednesday and Mr. Corbat's Friday. Citi, the first of the two big banks to act, said last month that itÃâà...
STLtoday.com
April 26, 2018
Bank of America said earlier this month it would stop lending to companies that make assault-style guns used for non-military purposes. The decision followed the Feb. 14 shooting at a high school in Parkland, Fla., that left 17 people dead and sparked a renewed nationwide debate about guns and calls forÃâà...
Dividend.com
April 25, 2018
Bank of America Corp. (BAC ) is a major bank and financial company that offers a variety of financial products and services to consumers and businesses all across the United States. It is currently the second largest bank in the United States, with over $2.32 billion in total assets as of Q1 2018. The companyÃâà...
The Advocate
April 24, 2018
As shown by these findings, digital platforms have become an inextricable part of homebuying, according to Bank of America's new Homebuyer Insights Report. The trend reflects client needs and expectations, but real estate experts point out that while technology has reshaped the residential real estateÃâà...
CNNMoney
April 16, 2018
Like other Wall Street firms, Bank of America benefited from the recent market mayhem. Clients rushed to execute buy and sell trading orders as they watched the Dow gyrate. Bank of America's sales and trading revenue jumped 6% to $4.1 billion. The bank said stock trading revenue surged by 38% to $1.5Ãâà...
PYMNTS.com
April 16, 2018
Continuing the run of earnings beats for banks, Bank of America announced news on Monday (April 16) that loan growth helped lift results above Wall Street estimates, while digital initiatives showed strong momentum. CEO Brian Moynihan said in the earnings release that “strong client activity, coupled with a growingÃâà...
MarketWatch
April 16, 2018
Now the big banks are now showing that you don't have to be young and cool to be successful. Bank of America Corp. BAC, +0.44% said in conjunction with its first-quarter earnings report Monday that it processed 29 million peer-to-peer payments during the quarter through Zelle, a joint platform that manyÃâà...
MarketWatch
April 16, 2018
U.S. stock futures tilted higher on Monday, as the market took U.S.-led military strikes against Syrian in its stride and investors turned their focus to a busy week for earnings. Bank of America Corp. was rising in premarket action as it reported results ahead of the open. It will be closely watched after other bigÃâà...
Yahoo Finance
April 16, 2018
New York (AFP) - Bank of America reported a jump in first-quarter earnings Monday on strong performance in key businesses thanks in part to a lift from higher interest rates. Net income for the quarter ending March 31 was $6.5 billion, up 34.2 percent from the year-ago period. Revenues climbed 3.9Ãâà...
WBTV
April 2, 2018
Carolina Panthers bidder and Charleston businessman Ben Navarro will make a site visit to Bank of America Stadium Monday, according to a league source. A former Citigroup executive, Navarro heads Sherman Financial Group, a Charleston-based diversified financial services company. In 1997Ãâà...
The Times and Democrat
April 2, 2018
The Lanier & Burroughs law firm has purchased the former Bank of America building on St. Matthews Road. ... South State Corp., the parent company of South State Bank, purchased the former Bank of America building in April 2015 as part of a larger purchase of branches in South Carolina and Georgia.
CNBC
April 2, 2018
Paul Ciana, global chief FICC technical strategist at Bank of America Merrill Lynch, says the market's "headed right in the eye of the storm," and there are two charts to watch that could signal some dark clouds ahead. "Our thesis here suggests that U.S. financial conditions continue to deteriorate," he saidÃâà...
Seeking Alpha
April 1, 2018
Recent market activity has left some wondering if bullish positions in BAC will be forced to endure further declines. Slowing long-term momentum could leave shareholders vulnerable if additional “flash crashes” are seen this year (or if inflationary pressures fail to match current expectations). But the realÃâà...
Crain's Cleveland Business
March 31, 2018
Bank of America Corp. said it plans to open 600 Merrill Edge investment centers nationwide in markets that include Cleveland. It also will hire 300 financial advisers by year-end to to help expand that business. The 600 investment centers will be in new and existing branches in cities including Cincinnati,Ãâà...
Austin Business Journal
March 30, 2018
After decades in an iconic spot, Bank of America Corp. plans to shift its downtown Austin digs to Third + Shoal — the 29-story office tower under construction on Third Street — in a move that places it in the center of an emerging tech corridor and potentially opens two major holes on the Congress AvenueÃâà...
Barron's
March 30, 2018
Of course, there's no right answer, not yet, anyway. One can only guess at this point, near the end of the first quarter. So far, though, the false camp is feeling its oats. JPMorgan Chase (ticker: JPM) and Bank of America (BAC), the two biggest American banks by assets, have seen their shares have madeÃâà...
City Pages
March 30, 2018
Emily Allen learned as much on Thursday, as she attempted to sign in to her Bank of America account to check her balance. As she got done typing in her name and password, Allen was asked to "complete an additional security step." This security step is commonly called a CAPTCHA, an acronym standingÃâà...
Charlotte Business Journal
March 30, 2018
Charlotte-based Bank of America Corp. (NYSE: BAC) announced Thursday its plans to open 600 more Merrill Edge investment centers across the U.S. by 2020. The investment centers will be added to new and existing BofA financial centers — bringing the total to 2,800 nationwide. As part of adding theÃâà...
NBC Chicago
March 22, 2018
Time Lapse: Run the Shamrock Shuffle in Less Than 4 Minutes. See what runners saw as they traversed the 2017 Bank of America Shamrock Shuffle. (Published Wednesday, April 5, 2017). The 2018 Bank of America Shamrock Shuffle 8K is fast approaching, but even if you aren't running it, there are someÃâà...
Charlotte Business Journal
March 22, 2018
Bank of America Corp. (NYSE: BAC) announced this week that customers can now add credit and debit cards to a PayPal (Nasdaq: PYPL) account through the bank app's mobile wallet. “It's all about providing our customers the most convenient and secure payments experience possible,” says MarkÃâà...
Sacramento Business Journal
March 22, 2018
Bank of America named Matt McCormack, a veteran of the bank's Merrill Lynch brokerage division, as BofA's new Sacramento market president. McCormack will manage more than 60 Bank of America (NYSE: BAC) bank branches in the region and Merrill Lynch centers in Sacramento, Chico, Folsom,Ãâà...
Benzinga
March 21, 2018
QUALCOMM, Inc. (NASDAQ: QCOM)'s outlook as a standalone company remains favorable ahead of four potential catalysts that can help support the stock's appreciation, according to Bank of America. The Analyst. Bank of America's Tal Liani maintains a Buy rating on Qualcomm's stock with anÃâà...
MarketWatch
March 21, 2018
Bank of America was one of a number of global lenders that held pieces of a EUR1.6 billion ($2 billion) loan to Christo Wiese, then chairman of the South African retailer. Mr. Wiese's shares in the company served as collateral for the financing. Those shares collapsed in value last fall after the retailer, whichÃâà...
American Banker
March 21, 2018
Bank of America is offloading some margin loans after losing $292 million on soured credit to the former chairman of Steinhoff International Holdings, according to people with knowledge of the matter. The bank has reached out to rival lenders, looking to sell some riskier margin loans it provided to wealthyÃâà...
Yahoo Finance
March 20, 2018
The Securities and Exchange Commission on Monday announced its biggest-ever whistleblower awards, with roughly $83 million combined going to three whistleblowers who helped the regulator reach a $415 million settlement with Bank of America Corp., according to an SEC statement and a lawyerÃâà...
The Oakland Press
March 16, 2018
Mohamad Hammoud was promoted to vice president, small business banking manager, Michigan market, at Bank of America. In his new role, he is responsible for a team of small business relationship managers at 116 financial centers across the state. Hammoud joined the bank in 2014 as a smallÃâà...
Motley Fool
March 16, 2018
Bank of America has taken steps to greatly improve its efficiency and profitability. For example, it has closed over 250 branches and has invested considerable resources in developing its online and mobile platforms, which are far more cost-effective than in-person banking transactions. Just to name oneÃâà...
Bankrate.com
March 16, 2018
Bank of America has begun to roll out Erica, a chatbot that can help you check balances, reminds you about bills and answer your bank-related questions. Michelle Moore, head of digital banking at Bank of America, tweeted on Friday that Erica is now available to customers in Rhode Island. Moore said toÃâà...
Buffalo Business First
March 14, 2018
The CEO of Bank of America – the third-largest bank in Western New York and the second-largest bank in the United States – received an executive pay package worth $21.8 million in 2017. That's 250 times the amount paid to the median employee at the Charlotte-based financial institution (NYSE: BAC).
Hornets.com
March 13, 2018
March 9, 2018 – The Charlotte Hornets and Bank of America tomorrow will honor Major Ricky Garvin, USA, Ret., as this season's sixth recipient of the season-long Yellow Ribbon Program. In partnership with Bank of America, the Hornets honor military members and veterans for their unwavering service toÃâà...
Investing.com
March 13, 2018
Shares of Bank of America (NYSE:BAC) moved above a major resistance level at $32.70 on Monday. This is a technical breakout (assuming the stock can hold above into the market close on Monday). The breakout has an upside measured target of $35.15 and could be seen within a week or two.
MarketWatch
March 13, 2018
Bank of America Corp. on Monday became the first big U.S. bank to unveil how much more its CEO makes than its typical employee. The lender said in its annual proxy filing that in 2017 Chief Executive Brian Moynihan earned 250 times as much as the median bank employee. The disclosure is one thatÃâà...
Yahoo Finance
March 13, 2018
It may seem outlandish to start talking about first-quarter numbers from Bank of America Corp (NYSE:BAC). After all, the dust is still settling on Q4's earnings, and we're closer to BAC stock's previous report from mid-January than the next one due in mid-April. On the other hand, this is a market that favors theÃâà...
The Business Journal
March 9, 2018
“Both Bank of America and Wells Fargo have a history of racially discriminatory lending practices where they charge higher interest rates to black and Hispanic people though they had the same credit ratings as white applicants looking for the similar loans,” Bredefeld said in a statement. “We must alwaysÃâà...
Dallas Business Journal
March 9, 2018
BOK Financial, the parent company of Bank of Texas, is expanding its business of handling home loans and mortgage payments as nonbank companies that took over this business in the wake of the foreclosure crisis may be hitting a high water mark. The company hired longtime Dallas mortgage servicingÃâà...
Press of Atlantic City
March 9, 2018
MIDDLE TOWNSHIP — The Bank of America Financial Center in Cape May Court House will close April 10, a Bank of America spokeswoman said. The customers of the 1 N. Main St. branch were notified in December, said Tara Burke, the bank spokeswoman. Customers of the closing location can use theÃâà...
Press of Atlantic City
March 9, 2018
The Bank of America Financial Center in Cape May Court House will be closing on April 10, a Bank of America spokeswoman said. The customers of the 1 N. Main St. branch were notified in December, said Tara Burke, the bank spokeswoman. Customers of the closing location can use the Rio GrandeÃâà...
Investorplace.com
March 9, 2018
At the moment, the concerns surrounding Bank of America Corp (NYSE:BAC) stock come down to valuation and the economy as a whole. BAC stock has risen over 150% just since July 2016, and returned 35% in 2017 alone. Meanwhile, the economy looks strong — but market jitters have introduced someÃâà...
The Oakland Press
March 8, 2018
Approximately 100 Bank of America associates gathered to celebrate International Women's Day, today, March 8, at the bank's Metro Detroit headquarters in Troy. The associates gathered in the atrium at the entrance to the building for a photo, with their hands pressed upward in support of theÃâà...
Business Insider
March 8, 2018
Bank of America Merrill Lynch has a solution for any company looking to boost the bottom line: Appoint more women to executive positions. Over the last seven years, S&P 500 companies where at least 25% of executives were female generated higher one-year returns on equity than the overall index, on a median basis,Ãâà...
Atlanta Journal Constitution
March 7, 2018
For 103 Bank of America employees, April 3 will be their last day at a Kennesaw office. That's according to a bank spokeswoman and a notice of the layoffs filed with the Georgia Department of Economic Development. Jumana Bauwens, a BoA spokeswoman, said employees were notified on Feb. 1 that theÃâà...
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