Bank of America
Bank of America
Bank of America Corp is one of the largest financial institutions in the United States, with more than $2.5 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets.
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Many would argue the retirement fund is archaic, inelegant and user-unfriendly. Is it time for something new?
December 15 -
The new leadership approach differs from almost all of the bank's biggest competitors.
December 1 -
Though against the firm's policy, the wirehouse still permitted the purchase of securities with credit lines "on thousands of occasions" during a four-year period, according to the regulator.
November 30 -
Keith Banks, president of U.S. Trust, is getting new responsibilities at the firm.
November 21 -
A new pilot program will test whether clients will be drawn to a voice-controlled technology the retailer's customers know as Alexa.
October 25 -
Regulators are looking to ensure Wells Fargo’s scandal over unauthorized customer accounts isn’t being repeated at other institutions.
October 25 -
Strong growth in deposits and mobile users, as well as questions concerning Wells Fargo, had BofA executives addressing the notion of scaling back branches.
October 18 -
They seem to be everywhere, but there is every reason to believe that clients overwhelmingly still want to deal with human beings.
October 18 -
Headcount rises for the 11th consecutive quarter for the wirehouse, which is prepping for the Department of Labor's fiduciary rule.
October 17 -
J.P. Morgan Chase, Citigroup, First Republic and Bank of America were among the institutions questioned on the issue of incentive compensation.
October 17 -
The long-serving executive will step down Jan. 1.
October 6 -
“It will help them cope with some of the new burdens that the fiduciary requirement will impose on firms,” an industry analyst says.
October 4 -
Merrill Lynch's Stephen Stabile and others are using behavioral finance tools to make better plans for clients.
October 3 -
A settlement with Bank of America covers 270 employees who were terminated following the wealth management firm's 2008 acquisition.
September 9 -
A lawyer for the bank had argued in a federal court that the severance proposal was a confidential settlement offer that shouldn't be public.
August 29 -
The recruit joined the elite firm's outsourced CIO team after more than a decade at SEI Investments.
July 19 -
Profits rose 8% year-over-year at the bank's Global Wealth & Investment Management unit, which includes Merrill Lynch and U.S. Trust.
July 18 -
Brexit isn't seen having fallout as severe as the 2008 financial crisis, but you wouldn't know it from the rush to safety in the global market for sovereign debt.
June 30 -
Wells Fargo, Morgan Stanley, Bank of America and J.P. Morgan Chase were among the dissenters, people familiar with the matter said.
June 23 -
Vice Chairmen Dan Cummings and Sam Chapin, who helped meld the wealth management firm to the bank after the financial crisis, are stepping down.
May 25

















