TEGUCIGALPA (Reuters) – The Honduras was in a state of near lockdown on Monday after the government decided to send public and private sector workers home, temporarily call off flights, and suspend public transport to halt the spread of the coronavirus. The vi... More »
(Reuters) – Bank of America (BAC.N) reported a 34 percent rise in first-quarter profit on Monday, topping Wall Street estimates, as the lender benefited from higher interest rates and growth in loans and deposits. Revenue rose at three of BofA’s four major bus... More »
(Reuters) – Bank of America Corp said on Thursday it will grow its wealth management offering for mainstream investors by opening 600 new Merrill Edge centers and adding 300 new brokers in the next two years. Merrill Edge is a division of the bank that serves ... More »
The company logo of the Bank of America and Merrill Lynch is displayed at its office in Hong Kong March 8, 2013. REUTERS/Bobby Yip NEW YORK (Reuters) – Bank of America Merrill Lynch banned clients from investing in one of bitcoin mogul Barry Silbert’s top fund... More »
Britain's financial watchdog said it had fined Bank of America's Merrill Lynch 34.5 million pounds ($45.5 million) for failing to report 68.5 million exchange traded derivative transactions between February 2014 and 2016. More »
E*Trade Financial Corp (ETFC.O) plans to spend $275 million to acquire a firm that provides custody services and technical support to financial advisers, the discount brokerage firm said on Thursday. More »
Deutsche Bank AG and Bank of America Corp agreed to pay a combined $65.5 million to settle investor litigation accusing large banks of rigging the roughly $9 trillion government agency bond market over a decade. More »
The company logo of the Bank of America and Merrill Lynch is displayed at its office in Hong Kong March 8, 2013. REUTERS/Bobby Yip Bank of America Corp’s Merrill Lynch will stop paying the big upfront bonuses that Wall Street brokerages have long used to lure ... More »
Bank of America Corp’s brokerage, Merrill Lynch, said on Thursday it will roll out a commissions-paying retirement account compatible with a new U.S. Labor Department regulation that raises the standards for client care. More »
Bank of America’s (BAC.N) wealth business reported revenue climbed 3 percent to $4.6 billion in the first quarter this year from last year on higher client assets under management and fees, Bank of America Chief Financial Officer Paul Donofrio said Tuesday. More »
The logos of America Movil is seen on the wall of the reception area in the company’s corporate offices in Mexico City August 12, 2015. REUTERS/Henry Romero Antitrust measures announced last week that would split up Carlos Slim’s America Movil and open its fix... More »
A worker washes windows high atop the Merrill Lynch building in downtown San Diego, California September 1, 2015. REUTERS/Mike Blake Merrill Lynch, a unit of Bank of America Corp, may not entirely do away with its commission-based retirement accounts, after Tr... More »
Brian Moynihan, Chairman of the Board and CEO of Bank of America Corporation attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 20, 2017. REUTERS/Ruben Sprich Bank of America Corp’s (BAC.N) board awarded Chief Executive Officer... More »
A Bank Of America sign is pictured in the Manhattan borough of New York August 21, 2014. REUTERS/Carlo Allegri Bank of America Corp has opened three completely automated branches over the past month, where customers can use ATMs and have video conferences with... More »
The Bank of America building is shown in Los Angeles, California October 29, 2014. REUTERS/Mike Blake/File Photo Bank of America Corp has been hit with a proposed class action accusing it of charging exorbitant fees to thousands of former Arizona prison inmate... More »
Reflections are seen in the windows of a Bank of America branch in New York, U.S. on October 8, 2008. REUTERS/Lucas Jackson/File Photo Bank of America (BAC.N) is set to cut about two dozen investment banking (IB) jobs in Asia, including some top dealmakers sta... More »
What could be more American than standing in a backyard at a barbecue while holding a beer on the Memorial Day weekend in the United States? Budweiser thinks it has the answer: Holding a beer called America. The brewer said on Tuesday it will rename its eponym... More »
Bank of America will provide research coverage on all of its mutual fund offerings, a move that will require it to get rid of some underperforming and unpopular funds, a company spokesman said on Friday. Bank of America offers over 3,500 mutual funds to its Me... More »
Bank of America Corp is hiring a new team of investment bankers who cater to midsized companies, four years after dismantling a similar business, three people familiar with the matter told Reuters. The precise number of middle-market bankers it plans to add co... More »
NEW YORK A federal judge has dismissed nearly all of a lawsuit against Bank of America Corp (BAC.N) and US Bancorp (USB.N) that held them liable for losses on roughly $6.8 billion in toxic mortgage securities that helped sink five federal credit unions. In a d... More »
Former Wells Fargo chairman and chief executive Richard Kovacevich said that Bank of America shareholders are wrong to try to strip Bank of America CEO Brian Moynihan of his chairman title. Bank of America’s shareholders vote next week on whether CEO Moynihan ... More »
NEW YORK Some Bank of America Corp (BAC.N) officials told investors they could lose an upcoming shareholder vote on having Brian Moynihan continue as chairman and chief executive of the company, the Wall Street Journal reported on Sunday. The report, in a stor... More »
BOSTON/NEW YORK Big mutual funds are likely to vote later this month to allow Bank of America Corp Chief Executive Brian Moynihan to retain his chairman title, based on their voting history, governance experts said. That support could leave investors seeking t... More »
BOSTON Proxy adviser Institutional Shareholder Services on Friday recommended Bank of America Corp shareholders vote to strip Chief Executive Brian Moynihan of his additional title of chairman, joining a chorus of critics ahead of a Sept. 22 shareholder meetin... More »
