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.