Bank of America

B of A executive spared any fine after bank's $415M penalty

09/01/17

William Tirrell, the former head of regulatory reporting at the bank's Merrill Lynch unit, negligently caused the firm to violate securities rules but will pay no penalty, the SEC says.

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B of A CEO says he's confident clients will pay for research

08/30/17

Bank of America plans to provide a premium package that includes speaking directly to analysts, attending conferences and meeting senior executives of major companies and policymakers.

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The boom after the storm; Berkshire exercises B of A warrants

08/30/17

Following short-term disruptions from Harvey, Texas bankers expect a long-term lift to the local economy; Buffett’s company officially becomes the bank’s largest shareholder.

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B of A’s biggest shareholder is now Warren Buffett

08/29/17

His Berkshire Hathaway exercised 6-year-old warrants to buy 700 million shares at an $11.5 billion discount.

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Back-office bots: B of A offers businesses an accounts-receivable AI

08/22/17

Dubbed Intelligent Receivables and created in partnership with a fintech company called HighRadius, the service seeks to help companies match incoming payments with invoices.

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B of A settles mortgage case; unrewarding rewards?

08/18/17

The bank agrees to pay $6 million to a California couple a judge said was illegally foreclosed on; do rewards programs help or hurt card issuers?

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Card rewards give banks a rare achievement — happy customers

08/17/17

Credit card issuers have been trying to outdo each other to offer the best rewards program. And it shows, as customer satisfaction rates with many (but not all) of their banks have never been higher in a yearly J.D. Power study. But they may not last forever.

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Are banks better than Silicon Valley in their diversity efforts?

08/10/17

JPMorgan CEO Dimon says banks are putting Silicon Valley to shame … in terms of diversity; Uber’s plan to replace its CEO with a woman seems to be sputtering; and Yellen’s potential successors also are all men.

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Big banks kick small-business lending into high gear

08/09/17

The largest banks are approving small-business loan applications at the fastest rate since the recession, a sign that that they are willing to assume more risk and taking seriously the threat of competition from online lenders.

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It was 10 years ago today …; B of A card rewards depositors

08/09/17

Ten years ago the global financial crisis began with subprime mortgage problems in the U.S.; the more you have, the more you get.

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