News Topic: Bank of America

U.S. Bank's $600 million fine for AML lapses quickly drew readers attention, while acting CFPB Director Mick Mulvaney got the Cordray treatment on Capitol Hill and big banks made moves to speed real-time payments. ... Read full article

Banks scrapped a plan to create a shared data bunker for customer data in favor of a backup buddy system. Some argue a move to blockchain should be next. ... Read full article

While small and regional banks are pushing for a rollback of the Dodd-Frank Act, big banks are largely supportive of the 2010 financial reform law, Bank of America CEO Brian Moynihan said Thursday. ... Read full article

A small legal case in California brings a warning to banks: be careful who you report for fraud. ... Read full article

Bank of America boosted Chief Executive Officer Brian Moynihan's compensation to $23 million for 2017, a 15 percent increase from a year earlier. ... Read full article

Bank of America hired Davis Polk & Wardwell to conduct an internal review of a $292 million charge-off in the fourth quarter, according to a person familiar with the matter. ... Read full article

Bank stocks recovered some of their lost value on Tuesday on extremely high levels of trading volume. The lone exception: Wells Fargo. ... Read full article

Bank stocks tumbled on Monday amid a wider sell-off as investors' concerns mounted that wage growth could lead to inflation, higher borrowing costs for businesses and a slowdown in Fed rate hikes. ... Read full article

The nation’s two largest banks don't want the credit risk associated with the transactions. ... Read full article

Large banks have begun sharing their adjusted gender pay gap ratios — how much women are paid versus men for similar jobs. The trouble is, they don’t have similar jobs. ... Read full article

To pitch their payments system of the future, U.S. banks hired Daveed Diggs, an actor best known for playing Thomas Jefferson and Marquis de Lafayette in the Broadway musical Hamilton. ... Read full article

Bank of America has signed leases on its first three branches in the Steel City, part of its retail business' expansion into new markets. ... Read full article

Elizabeth Warren takes acting CFPB director Mick Mulvaney to task over his decision on data collecting; B of A gets heat from harrassment reveal and free checking halt; and more. ... Read full article

Bank of America employees force harassment charges against Omeed Malik out in the open, raising questions about how departures like his are handled. Plus, Jessica Chastain sets an example, and Larry Nassar's group of enablers needs to be made into ... Read full article

Bank of America's got a lot going on, with the Omeed Malik drama and its gender pay gap announcement in the same week. Plus, Jessica Chastain sets an example, and Larry Nassar's enablers need to be made into one. ... Read full article

Reps. Elijah Cummings and Jimmy Gomez, both Democrats, questioned why B of A would stop offering accounts that are popular with low-income consumers when it stands to reap huge financial benefits from recently passed tax cuts. ... Read full article

Bank of America Chief Executive Officer Brian Moynihan said when he's ready to give up the job, the odds are split on whether his successor will be a woman. ... Read full article

Bank of America will impose new restrictions on inquiring about a job candidate's salary history, aiming to help close a gap between how much women and minorities are paid compared with other employees. ... Read full article