The bank has committed to hit a base wage of $25 an hour by 2025; officials also said it would lease space in a giant new office tower in Dallas, its second-largest hub.

BofA is the first large Wall Street bank to officially reverse its call amid growing optimism about the economic outlook.

Bank of America's second-quarter profit soared after its core Wall Street businesses exceeded analysts' expectations.

The move reflects a larger shift in the banking sector, as firms develop technology to enhance performance and cut down costs. 

We surveyed 164 professionals at banks and credit unions to find out their tech agenda for this year, including investment plans, tech priorities and thoughts on transformational tools. Here's what we found out.

Some of the biggest names in banking have started using large language models to organize their institutional knowledge, but use cases like chatbots remain experimental.

Bank of America has joined rivals in raising its quarterly dividend even though it's in discussions with the Fed to understand differences between the central bank's stress-test assessment of the bank and its own stress tests.

The two companies are questioning the Federal Reserve's projections for their future income, the latest sign of tension around the central bank's annual stress tests.

Bank of America had been considering a bid for First Republic after it was seized by regulators, but ultimately dropped out of the process.

A West Virginia homeowner is suing the banking giant for charges incurred when paying by phone, claiming breach of contract and violation of consumer protection laws.

Five Star Bancorp expands into San Francisco, American Express to integrate with data aggregators Plaid and Yodlee, Bank of America reworks leadership in its investment banking unit and more in this week's banking news roundup.

Potential uses for banks include risk analysis, investment portfolio construction and financial crime monitoring.

The warning from the state's chief financial officer comes after a new law was passed banning banks from holding public funds if they use social and political factors in lending decisions.

In a sudden shift, Merrill's leader of the past six years is heading back to rival Citi, where he will be head of global wealth and drive its expansion.

The bank was one of the last major holdouts to bow to expense pressures that have left no one immune.

Bank of America Chief Executive Brian Moynihan's total compensation declined 6.3% to $30 million for his work in 2022, a year in which profit tumbled and the shares sank.

Bank of America, JPMorgan Chase and other institutions — including more than two-thirds of honorees that made the Best Banks to Work For — show no let-up in their commitment to add transitioning service personnel. In fact, they're expanding their reach to include military spouses.

Bank of America, the biggest corporate issuer of bonds tied to environmental, social and governance financing in the U.S., returned to the ethical debt market for the first time this year as Wall Street giants dial back issuance amid skyrocketing borrowing costs.

Polyanna Unruh embraced her employer's tuition-assistance benefit to go from high-school graduate to MBA.