Bank of America


Merrill Lynch to its brokers: make at least two client referrals to avoid a cut in pay

Merrill Lynch will require its brokers to make at least two client referrals to other parts of parent Bank of America Corp. next year to avoid a cut in ... Read More
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Bank of America escapes $1.3bn fine after court declines to go back on decision

Bank of America has dodged a $1.3bn (£990m) fine, after a US court decided to drop the issue. The 2nd US Circuit Court of Appeals in New York opted ... Read More
The Bank of America logo is seen at their offices at Canary Wharf financial district in London

Seven big banks settle U.S. rate-rigging lawsuit for $324 million

Seven of the world’s biggest banks have agreed to pay $324 million to settle a private U.S. lawsuit accusing them of rigging an interest rate benchmark used in the ... Read More

Bank of America to connect with customers via Facebook Messenger

Bank of America is to tap Facebook’s Messenger app as a new channel for communicating with customers. The bank is among a dozen companies who signalled their support for ... Read More
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Catalytic Finance Initiative Brings Together Banks and Investors, Directs $8 Billion in Capital for High-Impact Sustainable Projects

AllianceBernstein, Babson Capital Management, Bank of America, Crédit Agricole CIB, European Investment Bank, HSBC, International Finance Corporation, Mirova and the Aligned Intermediary to Fund Clean Energy Solutions A consortium ... Read More

Bank of America Makes Online Payments Seamless With Visa Checkout

Streamlines Access and Simplifies Enrollment Through Bank of America’s Online Banking In the latest step at simplifying consumer payments, Bank of America announced today that it will pre-select customers’ ... Read More
Central Banks

This Is Really Bad For Banks

Once upon a time, falling interest rates were great for banks. A lower cost of capital gave lenders access to cheap raw material while causing borrowers to clamber for ... Read More

Bank of America is going big on blockchain

Bank of America is trying to steal a march on the latest developments in the technology behind digital currency bitcoin by loading up on blockchain-related patents. Blockchain works like ... Read More
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Bank of America Reports Q4-15 Net Income of $3.3B, EPS of $0.28

Full-Year 2015 Net Income of $15.9B, EPS of $1.31 Financial Highlights • Revenue, net of interest expense, (FTE basis) up 4% to $19.8B(A) • Net interest income (NII) (FTE ... Read More

Bank of America Merrill Lynch Launches U.S. Dollar Cross-border Cash Pooling in China

ZF TRW Automotive Serves as Pilot Client for New Solution Bank of America Merrill Lynch Global Transaction Services (GTS) has today announced the launch of automated U.S. dollar cross-border ... Read More
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