Bank of America Corp

Bank of America, the second-largest U.S. bank, is reducing overdraft fees from $35 to $10 starting in May, the bank said in a news release on Tuesday.

Bank of America Corp is planning to increase the bonus pool for its employees, Bloomberg News reported https://www.bloomberg.com/news/articles/2022-01-07/bofa-sweetens-bonuses-to-make-up-for-its-restraint-last-year?sref=vEQJzSks on Friday, citing people briefed on the discussions...

Bank of America Corp is planning to increase the bonus pool for its employees, Bloomberg News reported https://www.bloomberg.com/news/articles/2022-01-07/bofa-sweetens-bonuses-to-make-up-for-its-restraint-last-year?sref=vEQJzSks on Friday, citing people briefed on the discussions...

Bank of America Corp appointed Alice Wong as a managing director in its Americas Financial Institutions Investment Banking unit on Wednesday, according to an internal memo seen by Reuters.

Bank of America Corp told workers on Wednesday it will donate $100 to local food banks for every one of its employees who gets a COVID-19 vaccine booster shot and notifies the bank before Jan. 31, according to a memo seen by Reuters.

Bank of America Corp has hired veteran investment banker Benjamin Saunders as a managing director for its Americas Financial Institutions Investment Banking business, according to a memo seen by Reuters on Tuesday.

Bank of America Corp is encouraging employees to work remotely in the first week of January, according to a person familiar with the matter, as a spike in COVID-19 cases in the United States force Wall Street banks to postpone return-to-office plans.

Bank of America Chief Executive Brian Moynihan said on Tuesday that the bank hadn't seen any impact on consumer spending from the spread of the Omicron variant of the coronavirus, and credit quality among borrowers remained strong.

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.

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.

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.

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.

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.

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 https://www.bloomberg.com/news/articles/2021-11-01/bank-of-america-to-apply-to-set-up-brokerage-unit-in-china...

Bank of America slashed its outlook on China's economic growth for the second time in as many months on Tuesday, citing delays in major policy support from the central bank after an energy crisis that hit the country's huge industrial sector.

Bank of America Corp beat estimates for third-quarter profit on Thursday, boosted by strong growth across its businesses which executives said they expected to continue next quarter.

Bank of America Corp reported a jump in third-quarter profit on Thursday as it released some of its reserves for bad loans, while logging growth in its consumer banking division.

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.

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.