Factbox-U.S. banks tighten COVID-19 precautions as Omicron variant spreads
U.S. banks have been more proactive than other industries in encouraging employees back to the office, but those plans have come under renewed scrutiny due to the rapid spread of the Omicron coronavirus variant and many are adjusting their plans.
Reuters · 12/20/2021 20:55
Credit Suisse hires new global power and renewables head from BofA
Credit Suisse Group AG has hired Mike Dunne from Bank of America Corp to be the Swiss bank's global head of power and renewables investment banking division, according to an internal memo seen by Reuters.
Reuters · 12/14/2021 19:18
Bank of America expects busy year of Gulf IPOs
Gulf exchanges are likely to have another busy year of initial public offerings (IPOs) in 2022, possibly surpassing this year's bumper crop, a Bank of America executive told Reuters.
Reuters · 12/12/2021 11:12
Bank of America targets new banking customers among its wealth clients
Bank of America is rolling out a new credit card and beefing up its existing rewards program in a bid to encourage up to 1 million wealth clients to use its banking services as well, executives said Thursday.
Reuters · 12/09/2021 15:09
Soccer-Real Madrid assembly approve $255 million more for stadium renovation
Spanish soccer club Real Madrid's general assembly approved on Saturday a new 225 million euro ($255 million) loan to complete the renovation of its Santiago Bernabeu stadium.
Reuters · 11/20/2021 14:51
U.S. Treasury's Yellen to urge finance CEOs to speed climate investments
U.S. Treasury Secretary Janet Yellen on Tuesday will push financial institutions to adopt a "greater sense of urgency" about investing in a net-zero economy in meetings with the head of Bank of America and other finance CEOs, Treasury officials said.
Reuters · 11/02/2021 16:31
Yellen to tell Bank of America CEO, others to speed up climate investments
U.S. Treasury Secretary Janet Yellen will urge financial institutions to adopt a "greater sense of urgency" about investing in net-zero economy in meetings with the head of Bank of America and other finance CEOs on Tuesday, Treasury officials said.
Reuters · 11/02/2021 15:01
Rising Treasury market illiquidity could pose financial market risk -BofA
Rising illiquidity in the $14.8 trillion U.S. Treasuries market could spill over into other financial markets as hedge funds reduce their capacity to take on risk, Bank of America warned in a report on Monday.
Reuters · 11/01/2021 17:46
Bank of America to seek approval for securities firm in China - Bloomberg News
Bank of America Corp is planning to file an application to set up a securities firm in China as part of its strategy to expand into the country's burgeoning financial services market, Bloomberg News reported on Monday, citing people familiar with the matte...
Reuters · 11/01/2021 14:55
Bank of America’s prudence is at odds with times
Brian Moynihan is a bank chief who likes to be prepared for the worst of times. That means Bank of America has been missing out on the best of times.
Reuters · 10/14/2021 14:36
Bank of America profit beats on strength across businesses
Bank of America Corp beat estimates for third-quarter profit on Thursday, boosted by strong growth across its businesses and a release of reserves it had set aside last year to cover bad loans.
Reuters · 10/14/2021 12:37
Bank of America profit beats on reserve release boost
Bank of America Corp beat estimates for third-quarter profit on Thursday boosted by the release of reserves that were set aside last year and growth in its consumer banking division.
Reuters · 10/14/2021 10:59
Bank of America offers $200 to vaccinated Merrill staffers going to office
Bank of America Corp will pay out $200 awards to its employees at Merrill Lynch Wealth Management who have been fully vaccinated and going to office regularly, according to a memo shared with Reuters on Wednesday.
Reuters · 10/06/2021 18:51
Bank of America raises U.S. minimum hourly wage to $21
Bank of America Corp said on Wednesday it had raised its U.S. minimum hourly wage to $21, as it works to keep its promise of increasing the pay to $25 an hour by 2025.
Reuters · 10/06/2021 13:58
Bank of America launches research coverage for digital assets
Bank of America Corp published its first research coverage focused on cryptocurrencies and other digital assets on Monday, joining other mainstream financial institutions as they strengthen their involvement with the asset class.
Reuters · 10/04/2021 20:01
HSBC CEO sees market impact from Evergrande debt woes
HSBC Holdings PLC expects the debt problems involving embattled property developer China Evergrande Group to have an impact on capital markets but does not see any direct impact on the bank, its group CEO said.
Reuters · 09/23/2021 02:36
Bank of America names new GC amid leadership shakeup
Bank of America Corp has appointed a new global general counsel as part of a broader slate of leadership changes announced on Friday.
Reuters · 09/10/2021 23:04
RPT-UPDATE 1-Bank of America appoints new CFO, three women to senior leadership roles
Bank of America Corp on Friday replaced longtime Chief Financial Officer Paul Donofrio with Alastair` Borthwick, while adding five new members including three women to its senior leadership team to boost diversity.
Reuters · 09/10/2021 12:57
Bank of America adds five new members to senior leadership
Bank of America Corp has added five new members to its senior leadership team, it said in a statement on Friday. (Reporting by Sohini Podder in Bengaluru; Editing by Aditya Soni)
Reuters · 09/10/2021 12:13
Bank of America vice chairman, COO to retire
Bank of America Corp Vice Chairman Anne Finucane and Chief Operating Officer Thomas Montag will retire from their positions, the bank said in a statement on Thursday.
Reuters · 08/26/2021 18:36
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Bank of America Corporation is a bank holding company and a financial holding company. The Company is a financial institution, serving individual consumers and others with a range of banking, investing, asset management and other financial and risk management products and services. The Company, through its banking and various non-bank subsidiaries, throughout the United States and in international markets, provides a range of banking and non-bank financial services and products through four business segments: Consumer Banking, which comprises Deposits and Consumer Lending; Global Wealth & Investment Management, which consists of two primary businesses: Merrill Lynch Global Wealth Management and U.S. Trust, Bank of America Private Wealth Management; Global Banking, which provides a range of lending-related products and services; Global Markets, which offers sales and trading services, and All Other, which consists of equity investments, residual expense allocations and other.