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
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
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 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
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
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
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 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
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
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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