Bank of America

Dimon and the pay gap, 5G's impact on banking, new Comerica CEO: Top stories of the week

04/26/19

How Jamie Dimon's salary ties into the broader discussion about pay inequity; how 5G could change the future of banking; Comerica's first new CEO in 17 years; and more from this week's most-read stories.

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BofA, Wells Fargo, BNY Mellon shareholders reject proposals to narrow pay gap

04/24/19

Bank of America investors on Wednesday voted against pressing the company to disclose more insightful data about disparities between men's and women's salaries. Shareholders at Wells and Bank of New York Mellon recently rejected similar measures.

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Bank of America aims to be ‘mission control’ for digital banking customers

04/24/19

David Tyrie, the bank’s new head of digital banking, shares plans to offer customers constant course corrections and its new Life Plan product, and the latest on the virtual assistant Erica.

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BofA’s Bessant on responsible AI, cyber attacks and data encryption

04/23/19

Cathy Bessant, Bank of America’s chief operations and technology officer, offers her takeaways from the first meeting of the Council on the Responsible Use of Artificial Intelligence. She also shares some challenges banks are facing with cyber attacks and data encryption.

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Jesse Jackson wants banks to take a stand on how fines are used

04/16/19

Civil rights activist Jesse Jackson is pushing a proposal that the billions banks have paid in fines be given to Americans who lost homes or suffered in other ways during the financial crisis.

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The big ‘if’ confronting BofA’s Moynihan and other CEOs

04/16/19

Bank of America's Brian Moynihan had a lot to brag about in discussing 1Q results but faced questions about what he would do if economic growth slows and rates hold steady for a prolonged period. Other bank chief executives have gotten, or will get, similar questions this earnings season.

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Weak revenue growth underlies bank profits; another Libor alternative

04/16/19

Citi, Goldman, BofA earnings rose despite flat revenues; benchmark would be based on rates set on the American Financial Exchange.

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Bank of America leaned on retail lending for 5.7% profit growth in 1Q

04/16/19

Net interest income at the bank's consumer unit rose nearly 10%. But first quarter could be the last hurrah for that catalyst at BofA and other banks as the Fed pauses its rate-tightening cycle.

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Senate Democrat calls for hearing on megabank enforcement actions

04/10/19

On the same day the House Financial Services Committee held a hearing with CEOs of seven of the largest banks, Sen. Sherrod Brown said bank misconduct since the crisis demanded further inquiry by the Senate Banking Committee.

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Guns, CECL and 'too big to manage': Big-bank CEOs on Hill

04/10/19

A House Financial Services Committee hearing featuring seven large-bank CEOs tackled a host of contentious subjects, as Republicans and Democrats sparred over whether such institutions are simply too big.

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