News Topic: Bank of America

There had been a cascade in recent days of downgrades and other negative forecasts in connection with big banks, but some analysts on Wednesday picked up the industry's argument that fundamentals are stronger than the markets are giving banks credit ... Read full article

Two trends — competition from challenger banks and the emergence of real-time payments — threaten to eat away at the fees banks collect on overdrafts and bounced checks. ... Read full article

A Colorado businessman's request for a preliminary injunction to stop the bank from using the name “Erica” has been denied. The overall case could still go to trial, but skeptical comments by the judge suggest BofA will likely prevail. ... Read full article

Treasury Secretary Steven Mnuchin called top executives from the six largest U.S. banks over the weekend, he said Sunday on Twitter, a move that followed heavy losses in the stock market last week and a partial federal government shutdown. ... Read full article

Bank of America is loosening the reins on its investment bankers, sending out dealmakers in search of more middle-sized transactions in the U.S. and seeking to regain market share after cutting back on risk. ... Read full article

Atlantic Equities’ John Heagerty cut his recommendation on JPMorgan Chase to neutral, saying the bank now “offers the least upside” to price targets among the major banks. ... Read full article

Augmented devices and automation will push banking services beyond the current mobile phone delivery model into a virtual world — but how, exactly? Bank of America, Wells Fargo and others are trying to find out. ... Read full article

Several banks saw significant changes in leadership as the year comes to a close. ... Read full article

Men on Wall Street are taking a cue from Vice President Mike Pence by refusing to dine one-on-one with women; Coinbase is offering fertility benefits; and Bank of America executive Katy Knox gets a promotion. ... Read full article

The company also expanded the responsibilities of Chief Administrative Officer Andrea Smith. ... Read full article

Since banks are under constant attack by hackers, the startup XM Cyber is offering them a simulator that seeks to do its virtual worst in order to prevent a real breach. ... Read full article

While equity prices drop an average 5% at big banks, bosses express confidence in the U.S. economy; the bank appoints new managers in payments, consumer banking and marketing. ... Read full article

Whatever the central bank decides, it is sure to ruffle a lot of feathers in the industry. ... Read full article

Big-bank execs downplayed gloomy economic forecasts and said a commercial lending rally, niche M&A and smart tech spending will drive growth in 2019. ... Read full article

Danish lawmakers say that the probe currently focused on Danske Bank should be expanded to include more firms. ... Read full article

Technology is often cited as the leg up large banks have in winning over customers, but regionals are worried about the “billions and billions” bigger rivals can pour into ubiquitous ad campaigns. ... Read full article

Are midsize banks in position to disrupt, or are they investing billions in technology because they can’t afford not to? ... Read full article

The German lender was a correspondent bank for the Tallinn, Estonia, branch of Danske Bank that is the focus of multiple international investigations. ... Read full article