(Reuters) – Bank of America Corp (BAC.N) Chief Executive Officer Brian Moynihan on Wednesday played down fears of a potential U.S. recession, saying strong consumer spending could keep the economy growing. “The underlying consumer is doing well and making more... More »
(Reuters) – Warren Buffett’s Berkshire Hathaway (BRKa.N) has raised its stake in Bank of America Corp (BAC.N), the company said in a regulatory filing on Thursday. The company owned 950 million shares in the bank as of July 17. () It had reported 896.2 million... More »
(Reuters) – Bank of America Corp’s commodity arm Merrill Lynch Commodities Inc has agreed to pay $25 million to resolve a probe into its trading practices, the U.S. Department of Justice said on Tuesday. Between 2008 and 2014, traders employed by Merrill Lynch... More »
LONDON (Reuters) – Bank of America Merrill Lynch has named Sanaz Zaimi as head of its new Paris-based European Union broker-dealer unit BofA Securities Europe, the U.S. bank said on Friday. “We began the relocation of roles to our new Paris office this week. T... More »
WILMINGTON, Del. (Reuters) – Bank of America said on Thursday it was standing by its pledge to stop financing civilian assault weapons and suggested it may be preparing to exit a loan for gun maker Remington Outdoor Corp that sparked criticism of the lender. T... More »
