Bank of America

B of A has ways to go to hit $53 billion cost target this year

01/17/18

Costs fell less than 1% to $54.7 billion in 2017, and its goal for 2018 is $53 billion. Analysts question whether revenue growth and tax relief will reduce the incentive to get leaner.

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Citi’s $22 billion tax hit; CFPB to revisit payday lending rule

01/17/18

Write-down clears the decks for better times ahead; the agency’s acting head is looking to revamp strict rule that went into effect on Tuesday.

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Behind Citi's plans to have it both ways on capital

01/16/18

Tax reform and other regulatory factors could allow Citigroup — and other banks — to maintain high capital levels and strong rewards for shareholders.

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BofA tops IBM and payments firms with most blockchain patents

01/16/18

Bank of America Corp. may not be willing to help customers invest in bitcoin, but that doesn’t mean it isn’t plowing into the technology underlying the cryptocurrency.

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Citigroup takes steps to close gender, racial pay gaps

01/15/18

The move follows a shareholder proposal filed by Boston-based Arjuna Capital and is the first of its kind by a big U.S. bank.

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Bank of America reports 84% increase in Zelle P-to-P payments

01/12/18

Fast growth in use of the bank's instance of the person-to-person payments product indicates it could one day rival Venmo.

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Be prepared, Indianapolis bankers: B of A has landed

01/11/18

Bank of America has opened a flagship branch downtown and plans several so-called robo branches across the city. It has used a similar strategy to enter new markets in the past year.

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Sorry for the inconvenience: Bank tech snafus in 2017

01/11/18

Capital One became the latest bank to feel customers' online wrath last week after reports that some customers were being charged twice for debit card activity. But they were hardly alone.

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CFPB turmoil, Ripple's plans and Equifax: Most read stories of 2017

01/02/18

The Consumer Financial Protection Bureau dominated three of the top most read stories of last year, while Ripple upstart seized two. Other highlights included our annual Women in Banking package, the aftermath of the Equifax data breach and news of Amazon's possible banking plans.

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Citi joins Morgan Stanley, UBS, in exiting broker pact

12/29/17

The Protocol for Broker Recruiting, signed in 2004, was designed to mitigate lawsuits when advisers left to join a competitor. Recent high-profile defections have raised concerns that the accord could unravel.

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