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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While some big Wall Street firms are seeking to get staff back to the office, there are already signs of how challenging that could be.
September 22 -
Of the 330,000 new accounts opened this year, about a third were for clients 35 or younger.
August 14 -
The hires might be short-lived as job-cut moratoria end in the third and fourth quarters.
August 13 -
The pandemic and work-from-home arrangements are probably spurring larger budgets.
August 5 -
The company allocated $5.1 billion for loan losses in the second quarter, the most since 2010.
July 16 -
"We have to redouble our efforts to make progress," Brian Moynihan said a day after the bank pledged $1 billion over four years to try to address racial and economic inequality.
June 4 -
The funds will be used to support housing, job training and aid for small businesses in communities that have been disproportionately affected by the pandemic.
June 2 -
AUM is down 7% for the wirehouse, which now has 20,000 financial advisors and associated staff working remotely.
April 15 -
BofA joins rival banks in setting aside billions for loan losses
April 15 -
Bank tellers, call-center employees and support staff are part of the roughly 70% of American workers who don’t have the ability to work from home.
March 23 -
Wall Street’s nonstop aggressiveness is clashing with the demands of a deadly pandemic.
March 19 -
It’s another action taken by wealth management firms to safeguard employees and clients from the coronavirus.
March 17 -
While he hasn’t received a cash bonus since 2007, part of his stock award will settle in cash when it vests.
February 11 -
A chance phone call and breakfast changed these advisors’ career trajectories.
February 10 -
Some of Wall Street's most prominent executives have this in common: a long tenure.
January 22 -
The firm added 40,000 new accounts last year and hit a record $3 trillion in client balances.
January 15 -
A major driver of growth has been the “increased awareness” of advantages like tax efficiency, liquidity and transparency, according to Bank of America.
December 13 -
The “vast majority” of retail clients already qualified as of October but certain customers were still paying $2.95 a trade.
December 9 -
Risky assets outside the U.S. are seeing fresh flows as a potential trade deal with China buoys expectations for global growth.
November 20 -
More than $1 trillion is invested in bond ETFs, with trading leaping 41% in 2018 from a year earlier, according to research.
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