Today: September 15, 2024
Today: September 15, 2024

Bank of America

Business

US CFTC orders 3 major US banks to pay over $50 million for swap reporting failures

The U.S.

US CFTC orders 3 major US banks to pay over $50 million for swap reporting failures
Business

REUTERS NEXT - BofA CEO Moynihan says US economy headed for soft landing

Bank of America CEO Brian Moynihan said on Wednesday he expects a soft landing for the U.S. economy as consumer spending and commercial borrowing slow.

REUTERS NEXT - BofA CEO Moynihan says US economy headed for soft landing
Business

Citi, BofA left with some Barclays stock after Qatari stake sale –sources

Citigroup and Bank of America were left holding some shares in Barclays after they could not identify enough demand for a 510 million

Citi, BofA left with some Barclays stock after Qatari stake sale –sources
Business

BofA's former head of wealth, private bank Keith Banks to retire

Bank of America executive Keith Banks, who ran several of its major businesses, will retire at the end of February after more than four decades in finance, the

BofA's former head of wealth, private bank Keith Banks to retire
Business

Bank of America bonuses for dealmakers, traders are broadly flat -source

Bank of America's bonus pool for investment bankers will range from steady to 3% lower for 2023 under pressure from a slowdown in dealmaking, but star performers

Bank of America bonuses for dealmakers, traders are broadly flat -source
Business

BofA's Merrill offering spot bitcoin ETFs to clients, source says

Bank of America's Merrill Lynch has been offering spot bitcoin exchange-traded funds to eligible wealth management clients, a source familiar with the

BofA's Merrill offering spot bitcoin ETFs to clients, source says
Business

BofA expects investment banking revenue to climb 10% to 15% in 1Q

Bank of America expects its investment banking revenue to rise by 10% to 15% in the first quarter from a year earlier, while its net interest income could come in

BofA expects investment banking revenue to climb 10% to 15% in 1Q
Business|Economy|News

Goldman and BofA face renewed calls to split CEO, chairman's roles

Goldman Sachs and Bank of America will face challenges on Wednesday as proxy advisers recommend investors vote for the banks to separate

Goldman and BofA face renewed calls to split CEO, chairman's roles
Business|Economy|News|Political

Goldman Sachs, BofA shareholders reject proposals for CEO-chair split

Goldman Sachs and Bank of America shareholders voted against proposals to divide the CEO and chairman roles at both banks on

Goldman Sachs, BofA shareholders reject proposals for CEO-chair split
Business|Economy|News|Political

Bank of America shareholders reject proposal to split CEO, chair roles

Bank of America shareholders rejected a proposal to divide the CEO and chairman roles held by Brian Moynihan on Wednesday at the company's virtual annual meeting.

Bank of America shareholders reject proposal to split CEO, chair roles
Business|Economy

Bank of America CEO expects 10% to 15% jump in investment banking fees in Q2

Bank of America's investment banking fees are expected to rise 10% to 15% in the second quarter from a year earlier, CEO Brian Moynihan said on Thursday, after an almost two-year

Bank of America CEO expects 10% to 15% jump in investment banking fees in Q2
Business|Economy

Merrill Lynch agrees to pay nearly $20 million to settle class action racial discrimination lawsuit

Merrill Lynch has agreed to pay nearly $20 million to settle a class-action lawsuit that accuses the Wall Street brokerage giant of racially discriminating against its Black financial advisers

Merrill Lynch agrees to pay nearly $20 million to settle class action racial discrimination lawsuit
Business|Economy

US value stocks offer opportunities for bargain-hunters, BofA's Subramanian says

Value stocks offer some of the most compelling valuations in the U.S. equity market after badly lagging their growth-focused counterparts this year, Bank of America Global

US value stocks offer opportunities for bargain-hunters, BofA's Subramanian says
Business|Economy

Rent inflation remains a pressure point for small businesses

Rent inflation remains a pressure point for small businesses

Rent inflation remains a pressure point for small businesses
Business|Economy

BofA profit beats expectation on robust investment banking, trading

Bank of America's second-quarter profit dropped as higher deposit costs pushed its interest income lower, but the results beat analysts' estimates, boosted

BofA profit beats expectation on robust investment banking, trading
Business|Economy|Entertainment

Warner Bros Discovery rises after BofA says possible sale of assets likely beneficial

Shares of Warner Bros Discovery rose more than 6% on Tuesday after Bank of America (BofA) Global Research said the company could create more value for its shareholders if it explored

Warner Bros Discovery rises after BofA says possible sale of assets likely beneficial
Business|Finance|Technology

BofA appoints insider Brunner as head of TMT investment banking, memo shows

Bank of America has appointed bank veteran Kevin Brunner as the new head of technology, media and telecommunications investment banking, according to a memo seen by Reuters and confirmed

BofA appoints insider Brunner as head of TMT investment banking, memo shows

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