Bank of America Corp

Bank of America Corp on Friday replaced its finance chief and promoted three women to senior leadership roles in one of its biggest management shake-ups since the financial crisis.

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.

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)

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.

Bank of America's staff in most U.S. states no longer need to fill out health assessments to enter their offices from Monday, regardless of vaccination status, Business Insider reported on Friday, citing a leaked memo.

July 14 - Bank of America Corp shares tumbled on Wednesday after the second-largest U.S. lender detailed its sensitivity to low interest rates and the Federal Reserve indicated it has no plans to raise its benchmark rate any time soon.

July 14 - Bank of America Corp reported a jump in second-quarter profit on Wednesday as it released reserves it had set aside last year to cover potential loan losses tied to the pandemic.

Morgan Stanley, JPMorgan Chase & Co, Bank of America Corp. and Goldman Sachs Group said on Monday they were hiking their capital payouts after the U.S. Federal Reserve gave them a clean bill of health following their annual "stress tests" last week.

Bank of America Corp said on Monday it expects to increase quarterly stock dividend by 17% to 21 cents per share, beginning in the third quarter of 2021. (Reporting by Niket Nishant in Bengaluru; Editing by Devika Syamnath)

Bank of America Corp's Merrill Lynch unit will pay nearly $11.7 million to resolve claims that it overcharged customers who invested in unit investment trusts, a U.S. regulator said on Friday.

Bank of America Corp Chief Executive Brian Moynihan has been at the helm for more than a decade, having guided the bank out of a financial crisis and transformed it into a nimbler operation.

JPMorgan Chase & Co has tapped a former Bank of America Corp executive to take on a new role as vice chairman of investment banking for Europe, the Middle East and Africa as it battles for key advisory mandates to dominate a resurgent M&A market.

Bank of America said on Tuesday it will raise its U.S. minimum hourly wage to $25 by 2025.

A majority of Bank of America investors voted to approve the bank's executive pay plans and to reelect the board's directors at the bank's annual shareholder meeting, held online on Tuesday.

Bank of America Corp executives offered a sunny forecast for economic growth on Thursday, citing consumer spending trends and effervescent markets, after the bank squeaked by Wall Street estimates for first-quarter profits.

Bank of America Corp reported a jump in first-quarter profit on Thursday as it released reserves it had set aside to cover potential coronavirus loan losses.

Bank of America Corp will raise the salaries of its junior investment bankers starting May 1, according to an internal memo seen by Reuters, in a show of recognition for their work during a year when deal-making activity remained high amid the COVID-19 pandemic.

Bank of America said on Thursday it will deploy $1 trillion for its environmental business initiative to push for green finance by 2030, expanding on the $300 billion it had announced for the same project in 2019.

Bank of America Corp said on Thursday its 10-week summer internship program for 1,800 interns will be held virtually, as offices continue to work from home due to COVID-19 pandemic.