Bank of America Corp

Bank of America Corp posted a drop in fourth-quarter profit on Tuesday as historically low interest rates hurt its consumer banking business.

Italy's Treasury has picked Bank of America and Orrick as financial and legal advisers to secure a merger deal for bailed-out bank Monte dei Paschi (MPS) as part of its privatisation plan, four sources close to the matter told Reuters.

Bank of America Corp said on Friday that nearly $10 billion of its consumer loan portfolio was in a deferral program due to the COVID-19 pandemic.

Banks that facilitated the U.S. government's Paycheck Protection Program at first saw the effort as a small revenue booster with a patriotic bonus, shepherding $525 billion in loans to businesses slammed by the fallout of the COVID-19 pandemic.

Bank of America Corp executives on Wednesday joined the chorus of U.S. bank officials predicting an economic recovery would improve business in the quarters ahead, after lower interest rates fueled a miss on third-quarter revenue.

Bank of America Corp reported a 15.8% drop in quarterly profit on Wednesday, hit by higher provisions for credit losses due to the COVID-19 pandemic.

Credit Suisse is hiring former head of investment banking at Bank of America Corp Christian Meissner, the company said on Tuesday.

Former head of investment banking at Bank of America Corp Christian Meissner is joining Credit Suisse in a senior role, according to two sources familiar with the matter.

Nearly three quarters of investors surveyed by Bank of America (BofA) expect a surge in financial market volatility in the fourth quarter, given the likelihood of contested U.S. election results, bringing the bear-to-bull summer rally to a halt.

Bank of America Corp said on Monday it is rolling out a digital financial planning tool, wading into a space that has so far been dominated by fintech companies.

Bank of America Corp said on Monday it is rolling out a digital budgeting tool, wading into a space that has so far been dominated by fintech companies.

The U.S. Federal Reserve will curb big bank capital distributions through the end of the year, meaning the likes of JPMorgan Chase & Co, Citigroup Inc., Wells Fargo & Co and Bank of America Corp. will be barred from share buy backs and will have to cap dividends.

The U.S. Federal Reserve will curb big bank capital distributions through the end of the year, meaning the likes of JPMorgan, Citi, Wells Fargo and Bank of America will be barred from share buybacks and will have to cap dividends into the new year.

Bank of America Corp said on Friday it was issuing a $2-billion bond, where a portion of the proceeds will be used for the financial empowerment of Black and Hispanic-Latino communities.

Bank of America Corp Chief Executive Officer Brian Moynihan told investors on Tuesday that the worst pandemic-related revenue declines could soon be in the rear-view mirror.

Bank of America Corp Chief Executive Officer Brian Moynihan told investors on Tuesday that the worst pandemic-related revenue declines could soon be in the rear-view mirror.

Walt Disney Co expects to have reopened "a little over 50%" of its hotels and resorts by the end of the fiscal year, according to Chief Financial Officer Christine McCarthy, who spoke via online video to the Bank of America Virtual 2020 Media, Communications & Entertainment...

Bank of America Corp said on Monday it has promoted Raul Anaya to head of business banking. In his new role, the 30-year firm veteran will oversee the business line that serves mid-sized U.S.-based companies with annual revenues between $5 million and $50 million. Anaya,...

Bank of America Corp saw its profit more than halve in the second quarter as it set aside $5 billion to cover potential loan losses, while warning that it would struggle as long as interest rates stayed low.