Bank of America

Where Bank of America uses AI, and where its worries lie

05/11/18

The bank is using AI in its chatbot, in trading and other areas. It also has concerns about the potential for bias to creep into the software.

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Don’t give rainmakers a free pass on bad behavior

05/09/18

Banks need to respond swiftly to allegations of sexual harassment and other misdeeds, even those involving their top performers.

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Big banks should bring back U.S. jobs after tax cut: Brown

05/08/18

In letters to the six largest U.S. banks, the Ohio Democrat accused the banking sector of moving call center jobs overseas while reaping benefits from the recent tax cut law.

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Why bank CEOs are speaking out on guns, DACA and global warming

05/07/18

Today's senior leaders seem more willing than their predecessors to take bold stands on controversial topics, in part because employees and investors expect them to.

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Gender discrimination class action at Goldman, and its bitcoin trading foray

05/04/18

One woman's legal battle of more than a decade could develop into one of the biggest gender discrimination lawsuits to hit Wall Street. Bank of America faces a complaint after its sexual harassment ouster, and loses another top female executive. Plus, lots of tech initiatives.

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Banks caught in crossfire of gun debate. It won't end well

05/04/18

Both Republicans and Democrats are making threats against banks that don't take their side on gun control.

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Democratic senators urge more banks to crack down on gun sellers

05/02/18

The lawmakers are calling on banks to follow the lead of Citigroup and Bank of America in limiting their business with firearms dealers in light of recent mass shootings.

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Gun issue is a lose-lose for banks (whatever their stance)

04/26/18

On one hand, banks could face regulatory pressure to restrict services to the firearms industry. But banks that take a strong stand also risk the wrath of GOP lawmakers opposed to such restrictions.

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BofA says 151 employees were affected by mass shootings in U.S.

04/26/18

Bank of America's new policy denying loans and other services to certain gun makers came after dozens of employees lost family members or suffered other trauma related to mass shootings in the past few years, CEO Brian Moynihan said.

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Signs of loan growth appear (if you look hard) at BofA

04/16/18

Lending, especially in some consumer segments, increased at Bank of America in the first quarter, and CEO Brian Moynihan expects that to continue this year. However, for market watchers skeptical about the industry's growth prospects, BofA's numbers may do little to change their minds.

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