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Bank Of America Increases U.S. Minimum Hourly Wage To $25 By 2025
Bank Of America Sets Regular Quarterly Cash Dividend Of $0.18 Per Share
Bank Of America's Net Interest Income Expected To Increase In Q2 -CFO
Bank of America Corporation is a bank holding company and a financial holding company. The Company is a financial institution, serving individual consumers and others with a range of banking, investing, asset management and other financial and risk management products and services. The Company, through its banking and various non-bank subsidiaries, throughout the United States and in international markets, provides a range of banking and non-bank financial services and products through four business segments: Consumer Banking, which comprises Deposits and Consumer Lending; Global Wealth & Investment Management, which consists of two primary businesses: Merrill Lynch Global Wealth Management and U.S. Trust, Bank of America Private Wealth Management; Global Banking, which provides a range of lending-related products and services; Global Markets, which offers sales and trading services, and All Other, which consists of equity investments, residual expense allocations and other.
Bank of America Corporate Center
100 N Tryon St
Brian T. Moynihan
Chairman of the Board, President, Chief Executive Officer
Thong M. Nguyen
Vice Chairman - Bank of America Corporation
Paul M. Donofrio
Chief Financial Officer
Dean C. Athanasia
President - Retail and Preferred & Small Business Banking
Kathleen A. Knox
President - Private Bank
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(In June 10 item, corrects Jim DeMare's title in 10th paragraph to head of global markets, not head of global.)
When Brian Moynihan took the reins at Bank of America Corp in 2010, the U.S. bank was reeling.
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.
* EU FREEZES 10 BANKS OUT OF BOND SALES OVER ANTITRUST BREACHES - FT
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.
Germany is considering participating in a planned 3 billion euro ($3.7 billion) capital increase at Lufthansa, Finance Minister Olaf Scholz told Reuters on Wednesday, a move that could help to repay the airline's state-backed bailout.
A North Carolina federal judge sided with Bank of America NA over claims stemming from hundreds of alleged debt collection calls to a credit card holder's cell phone, in one of the early rulings applying the U.S. Supreme Court's recent decision in a case against Facebook...
Bank of America said on Tuesday it will raise its U.S. minimum hourly wage to $25 by 2025.
Bank of America Corp agreed to pay $75 million to settle a lawsuit accusing the second-largest U.S. bank of extracting overdraft fees it didn't earn from customers with savings and checking accounts, court papers showed.
The 10th U.S. Circuit Court of Appeals has ruled that Bank of America Corp's ERICA mobile banking virtual assistant didn't infringe one of two trademarks owned by an aspiring search-engine operator and upheld the cancellation of his Georgia state registration for the other.
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 Chief Executive Officer Brian Moynihan on Friday said in a CNN interview that the U.S. needs to keep investing in infrastructure, adding that a "well-focused infrastructure plan would be a good thing" for the country.
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. The second largest U.S. bank said the latest announcement...
German chemicals group Bayer is preparing to kick off the sale of pest control unit Bayer Environmental Science (BES) this summer with a price tag potentially topping 2 billion euros ($2.4 billion), people close to the matter said.
France's SGD Pharma, a supplier of COVID-19 vaccine vials and other healthcare packages made of glass, is exploring options incluing a sale for more than 1 billion euros ($1.2 billion), people close to the matter said.
A Manhattan jury began deliberating on Tuesday in the trial of two men accused of defrauding Bank of America and other U.S. payment card issuers into handling more than $150 million in marijuana purchases from California-based Eaze Technologies Inc.
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.
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