Bank of America
Bank of America
Bank of America Corp is one of the largest financial institutions in the United States, with more than $2.5 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets.
-
The banking industry will continue its fight against the credit-loss rule; the bank posted gains in consumer, wealth management and commercial lending.
October 17 -
They’ve long used their marketing muscle to wrest deposit share from smaller competitors. Now, amid growing concerns that the economy is weakening, they could be benefiting from consumers’ flight to safety.
October 16 -
Net interest income rose just 1%, but the bank rode a surge in advisory and other fees to beat profit estimates.
October 16 -
Third quarter profits at JPM, Wells Fargo and Citigroup got a boost from consumer banking; the company tells Fed it will remain a passive investor.
October 16 -
Warren Buffett's Berkshire Hathaway is seeking permission from the Federal Reserve to potentially increase its stake in Bank of America to more than 10%, a level that often triggers a regulatory review.
October 15 -
BofA’s do-no-harm approach to AI; looking at what comes next for Fannie and Freddie now that they get to keep their earnings; ruling cuts short debt collectors’ victory lap over CFPB proposal; and more from this week’s most-read stories.
October 11 -
A thorough process for approving experiments with artificial intelligence, clear philosophical principles and diverse human involvement are some of the ways BofA says it's working to ensure AI does no harm.
October 8 -
Investors expect banks to be honest and transparent about employee wages.
October 8 -
Cathy Bessant, American Banker's Most Powerful Woman in Banking, discussed the difference between fearlessness and bravery at the 2019 gala.
October 3 -
Incoming CEO Charles Scharf will remain in New York even though the bank's headquarters is in San Francisco. His hiring underscores the diminished importance of geographical proximity for executives at large banks.
October 1