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A federal magistrate judge has certified two classes of Bank of America Corp employees in a lawsuit accusing the company of requiring off-the-clock work and depriving workers of meal and rest breaks, while leaving out thousands of people the plaintiffs had sought to include.
The U.S. Federal Reserve announced Wednesday it had terminated a 2015 enforcement action against Bank of America <BAC.N> over its shortcomings in preventing traders from manipulating foreign exchange rates.
Bank of America Corp <BAC.N> and Raymond James Financial Inc <RJF.N> will pay roughly $12 million in restitution to customers who incurred excessive fees on investments meant to help their children afford college, a U.S. regulator said on Wednesday.
A U.S. regulator said units of Bank of America Corp and Raymond James Financial Inc will pay roughly 12 million in restitution to customers who incurred excess fees on their investments in so-called 529 plans, which are used to encourage saving for educational expenses.
International Business Machines Corp said on Wednesday that it has built financial services-specific cloud technology in collaboration with Bank of America Corp, which will be the first major bank to use the platform.
Bank of America Corp <BAC.N> will reward employees for the bank's strong performance through special bonuses for the third straight year, according to an internal memo viewed by Reuters.
Bank Of America said on Monday it would expand its zero-dollar online trading to all customers of its Preferred Rewards program and cut commissions for others, following similar moves by several online brokers.
For the first time in nearly five years, Bank of America Corp <BAC.N> did not rely on cost cuts to amplify profits – the latest sign of big U.S. banks prioritizing investments in their businesses over short-term gains.
Bank of America Corp <BAC.N> beat Wall Street estimates for quarterly profit on Wednesday as it earned more in advisory fees and its loan book expanded, easing concerns that lower interest rates would crimp growth at the second-largest U.S. bank.
Bank of America Corp, the second-largest U.S. bank by assets, reported a 21% fall in quarterly profit on Wednesday, hurt mainly by a $2 billion pretax impairment charge.
Morgan Stanley <MS.N> and Bank of America Corp <BAC.N> are expanding the employee-benefits services they offer, hoping to gain market share in the dull-but-reliable business of managing wealth for companies and employees.
Bank of America Corp <BAC.N> said on Monday its deal-making unit is gaining momentum with midsized companies as it focuses on the sector to regain market share.
Bank of America Corp said on Monday the bank expects third quarter investment banking fees to be up in the low single digits compared with last year.
(Reporting by Abhishek Manikandan in Bengaluru; Editing by Maju Samuel)
Bank of America Corp <BAC.N> Chief Executive Officer Brian Moynihan on Wednesday played down fears of a potential U.S. recession, saying strong consumer spending could keep the economy growing.
A federal judge in San Jose has dismissed most of a proposed nationwide class action accusing Bank of America of wrongly charging fees to stop electronic payments, ruling that federal law does not restrict the stop-payment fees banks can charge.
Bank of America Corp has hired former Evercore Inc banker Amy Lissauer to become its global head of activism and raid defense, a spokesman for the bank confirmed on Friday.
Bank of America Corp has hired former Evercore Inc banker Amy Lissauer to work on defending companies against activist investors, three sources said on Friday.
Bank of America Corp <BAC.N> said on Monday it would end its electronic payment services joint venture with First Data Corp next June, hours after Fiserv Inc <FISV.O> completed its acquisition of the payment processor.
Bank of America Corp said on Monday it would end its joint venture with First Data Corp next June, hours after Fiserv Inc completed its acquisition of the payment processor.
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