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.
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Bank of America's reputation took an enormous hit from the financial crisis; it's been Anne Finucane's job to restore it.
September 25 -
Although she oversees one of the world's largest corporate technology teams, Cathy Bessant is not the kind of fervent cheerleader for digital breakthroughs that one encounters in Silicon Valley. That said, Bessant, who is American Banker's Most Powerful Woman in Banking for 2017, is a big believer in the power of technology.
September 25 -
Andrea Smith is leading an effort to address income inequality in Bank of America's hometown.
September 25 -
The chief information officer and top security officer are retiring in the wake of the massive data hack; Mike Cagney is leaving the student loan lender.
September 18 -
The bank is also working with Fit Pay Inc. to allow its customers to make contactless payments with their credit or debit cards through connected devices.
September 7 -
JPMorgan Chase and Bank of America were among those institutions speaking out about President Trump's plan to terminate legal protections for young, undocumented immigrants who arrived in the country as children.
September 5 -
A law firm hired by the New York Fed board concluded that Dudley’s error was "inadvertent," and that while it violated the reserve bank's own code of conduct, it did not violate federal statutes.
September 1 -
William Tirrell, the former head of regulatory reporting at the bank's Merrill Lynch unit, negligently caused the firm to violate securities rules but will pay no penalty, the SEC says.
September 1 -
Bank of America plans to provide a premium package that includes speaking directly to analysts, attending conferences and meeting senior executives of major companies and policymakers.
August 30 -
Following short-term disruptions from Harvey, Texas bankers expect a long-term lift to the local economy; Buffett’s company officially becomes the bank’s largest shareholder.
August 30 -
His Berkshire Hathaway exercised 6-year-old warrants to buy 700 million shares at an $11.5 billion discount.
August 29 -
Dubbed Intelligent Receivables and created in partnership with a fintech company called HighRadius, the service seeks to help companies match incoming payments with invoices.
August 22 -
The bank agrees to pay $6 million to a California couple a judge said was illegally foreclosed on; do rewards programs help or hurt card issuers?
August 18 -
Credit card issuers have been trying to outdo each other to offer the best rewards program. And it shows, as customer satisfaction rates with many (but not all) of their banks have never been higher in a yearly J.D. Power study. But they may not last forever.
August 17 -
Bank of America is readying a premium credit card that boosts the rewards customers may earn based on funds kept in savings and investment accounts at the bank.
August 10 -
JPMorgan CEO Dimon says banks are putting Silicon Valley to shame … in terms of diversity; Uber’s plan to replace its CEO with a woman seems to be sputtering; and Yellen’s potential successors also are all men.
August 10 -
The largest banks are approving small-business loan applications at the fastest rate since the recession, a sign that that they are willing to assume more risk and taking seriously the threat of competition from online lenders.
August 9 -
Ten years ago the global financial crisis began with subprime mortgage problems in the U.S.; the more you have, the more you get.
August 9 -
Do customers want to log in to mobile banking by snapping a picture of their eye? Bank of America will spend the next six weeks finding out.
August 8 -
Six states and D.C. still charge in-network fees when unemployed workers cash in assistance delivered through prepaid cards.
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