News Topic: Bank of America Merrill Lynch

The bank joins rivals in predicting a better than expected Q4; JPM exec says AI could help create products for savings. ... Read full article

The move follows similar offers from other major brokerages in the last two weeks, as the wealth management industry races to woo clients with the lowest-priced products possible. ... Read full article

The offering would mirror a similar move by Charles Schwab to offering clients a new pricing plan for its robo service. ... Read full article

BofA is rolling out new names for its investment banking, wealth management and private banking divisions. ... Read full article

The former banking lawyer, who went on to run major business lines at Merrill Lynch and UBS, will be honored Thursday at American Banker’s Most Powerful Women in Banking gala. ... Read full article

Credit unions historically have focused on laws that directly pertain to them, but in a break with that tradition, NAFCU is calling on Congress to re-introduce efforts to break up big banks. ... Read full article

Women managers in the Well Fargo’s wealth management division say they are being passed up for promotions; TD Bank's U.S. retail division saw profit jump 27% in fiscal Q3. ... Read full article

Bank of America Merrill Lynch has launched a mobile application to support commercial prepaid card programs and their cardholders. ... Read full article

"Banks should be investing in innovation in this area or risk getting left behind," a fintech CEO warns. ... Read full article

Almost half of systemically important financial institutions are trading in bear territory; bank is accused of overcharging customers for mortgage-backed securities. ... Read full article

Banks are making business customers happy with new digital billing services as machine learning meets the lockbox. ... Read full article

BMO Wealth Management aims to modernize its investment service and give advisers better equipment. Others offering automated advice solutions include UBS, Wells Fargo and JPMorgan. ... Read full article

Enterprise customers will be able to send payment data to the bank through an application programming interface, rather than as XML or Swift files. ... Read full article

Banks have strictly controlled adviser-client text communications due to regulatory concerns. ... Read full article

They aren't creating new products, but some lenders are advising cash-strapped customers in high-tax states to tap home equity or other credit lines to prepay property taxes before the new tax law kicks in. ... Read full article

Banks' online advice platforms are just the face of a deeper effort to restructure client data and adapt to a digital era. ... Read full article

In a world where information overload can leave even the most decisive investor paralyzed, Candace Browning's focus is turning mind-numbing reams of data into actionable intelligence. ... Read full article