Bank of America

Big banks urge HUD to shelve redlining plan. Small banks say not so fast.

07/20/20

The national conversation around systemic racism has compelled large banks to withdraw support from the “disparate impact” proposal. But community banks maintain that the proposed reforms would reduce frivolous claims.

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Torrent of commercial loan paydowns pressures net interest income

07/16/20

Bank of America was the latest large bank to report a second-quarter drop in the key earnings metric after a March surge in credit line utilizations gave way to rapid payoffs in May and June.

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Bank of America joins rivals in setting aside billions for bad loans

07/16/20

Second-quarter earnings fell by more than 50% from the same period last year after the company allocated $5.1 billion for potential loan losses.

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Four big banks throw weight behind climate finance center

07/09/20

The new Center for Climate-Aligned Finance will help financial institutions navigate the various challenges involved in the shift to renewable energy — as lenders, power consumers and corporate citizens. Its backers include JPMorgan and Bank of America.

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Lenders face quandary over offering Main Street loans to noncustomers

07/09/20

Many big banks say they will focus on existing customers in offering credit through the Federal Reserve’s emergency lending program for midsize businesses. Complex vetting and fear of being inundated are said to be among their concerns.

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Inside Goldman’s new corporate banking portal

07/08/20

The Wall Street firm is jumping into a market dominated by a handful of big U.S. banks, betting that superior technology can lure companies with complex cash-management needs.

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NCUA’s new low-income definition will benefit military, not credit unions

06/23/20

Bankers’ criticism that the expanded designation would bolster the largest credit unions is misguided.

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PNC pledges $1 billion to fight racism

06/18/20

The Pittsburgh-based company said the funds will be used to support community development, minority-owned businesses and charitable organizations that work to promote social justice.

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An ‘overwhelming’ moment: Behind BofA’s $1B racial justice commitment

06/18/20

From hiring to health care, Vice Chair Anne Finucane shares details about Bank of America’s pledge to address vital needs in minority communities.

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Bank of America says employees can take personal day for 'Juneteenth'

06/17/20

The bank is encouraging staff to take the day off Friday to commemorate the end of slavery, but intends to keep branches open.

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