Bank of America says in a 23-page report that it has boosted the percentage of women and people of color among senior management and hired thousands of people from low- and moderate-income communities.
First Horizon, Iberiabank in year's second-biggest bank merger; bank failure in New Jersey is nation's third in a week; smaller banks take a turn swinging the ax; and more from this week's most-read stories.
This summer, an international electronics company completed a $1.6 billion payment by mobile phone, the biggest transaction ever on the bank's CashPro app, according to Bank of America.
Executives from the bank and the tech company have been working for months to create a cloud designed to address the challenges that often slow financial institutions' adoption of cloud computing.
Top officials at Bank of America and Wells Fargo said that commercial loan demand is weak, even as U.S. consumers show strength. Their comments echo recent findings by the Federal Reserve.
Businesses scaled back investment plans in the third quarter, but consumers continued borrowing; the bank now plans to raise its minimum wage to $20 in 2020.
Treasury Secretary says regulators could look to help ease liquidity logjam in money markets; workers will get special bonuses for the third straight year.
Bank of America plans to pay its employees special bonuses for a third straight year after reporting record earnings in four of the past five quarters.
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.
