Bank of America

The cost of being crass and a broken rung on the career ladder

10/21/19

Fisher Investments is out more than $1 billion following Ken Fisher’s controversial remarks at a conference. Where do men pull ahead of women in promotions? Right from the start. Plus, a girls’ high school soccer team makes national news.

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CECL delay won’t end opposition; Positive side of BofA’s results

10/17/19

The banking industry will continue its fight against the credit-loss rule; the bank posted gains in consumer, wealth management and commercial lending.

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Why big banks keep raking in deposits

10/16/19

They’ve long used their marketing muscle to wrest deposit share from smaller competitors. Now, amid growing concerns that the economy is weakening, they could be benefiting from consumers’ flight to safety.

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Bank of America's fee income makes up for margin challenges in 3Q

10/16/19

Net interest income rose just 1%, but the bank rode a surge in advisory and other fees to beat profit estimates.

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Banks perform well despite falling interest rates; Berkshire wants more BofA

10/16/19

Third quarter profits at JPM, Wells Fargo and Citigroup got a boost from consumer banking; the company tells Fed it will remain a passive investor.

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Warren Buffett seeks Fed leeway to boost stake in BofA past 10%

10/15/19

Warren Buffett's Berkshire Hathaway is seeking permission from the Federal Reserve to potentially increase its stake in Bank of America to more than 10%, a level that often triggers a regulatory review.

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BofA's 'productive paranoia,' GSEs' next moves, debt collecters' letdown: Top stories of the week

10/11/19

BofA’s do-no-harm approach to AI; looking at what comes next for Fannie and Freddie now that they get to keep their earnings; ruling cuts short debt collectors’ victory lap over CFPB proposal; and more from this week’s most-read stories.

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Bank of America's AI approach: 'Productive paranoia'

10/08/19

A thorough process for approving experiments with artificial intelligence, clear philosophical principles and diverse human involvement are some of the ways BofA says it's working to ensure AI does no harm.

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Big banks need to stop tinkering with gender pay-gap data

10/08/19

Investors expect banks to be honest and transparent about employee wages.

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On bravery: Bank of America's Cathy Bessant

10/03/19

Cathy Bessant, American Banker's Most Powerful Women in Banking, discussed the difference between fearlessness and bravery at the 2019 gala.

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