Bank of America

Bank of America invests in three more minority-focused lenders

10/26/20

Bank of America made three more investments in minority-focused lenders, bringing its total to 10 in the past two months.

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BofA makes progress on diversity, says there's more work to do

10/16/20

Racial and gender representation increased in most areas of the company, including among senior management, according to data the bank released Friday. Still, the percentage of women in the top three tiers of the firm remained unchanged from a year earlier at 41%.

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BofA breaks ranks and paints upbeat picture on consumer trends

10/14/20

Spending is up and deferrals are down sharply, signaling that the economy has turned a corner, CEO Brian Moynihan said. The outlook stood in stark contrast to JPMorgan Chase, which set aside more funds to address potential exposure in consumer banking.

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Bank of America's profits, consumer revenue fall

10/14/20

Third-quarter net income dropped nearly 16% from a year earlier as revenues at the company's consumer unit declined at about the same pace and trading revenue gains were below estimates.

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Credit Suisse set to hire former BofA investment banker Meissner

10/13/20

Credit Suisse Group is set to hire Christian Meissner, Bank of America’s former investment bank head, as it seeks to link up its richest customers with deals sourced by its securities unit.

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Citi’s Fraser predicts more women will lead big banks soon

10/08/20

Jane Fraser, who in February will become the first female CEO of a Wall Street bank, said during a Women in Banking event hosted by American Banker that she will be “the first of many, many more” to come.

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Bank of America takes on payday lenders

10/08/20

Bank of America plans to offer some of its customers access to short-term loans, the latest blow to the payday lending industry.

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How lenders aim to profit from climate change

10/06/20

HSBC, Bank of the West and Fannie Mae are among those offering green mortgage bonds, financing commercial clients’ efforts to rein in carbon emissions and developing other novel products that help customers tackle environmental challenges.

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Activist bank investors run into an SEC roadblock

10/04/20

New rules on shareholder submissions of proxy proposals could help banks fend off demands to disclose more pay data, cut financing to fossil fuels companies and adopt other reforms.

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Most Powerful Women in Banking: Andrea Smith, Bank of America

09/29/20

Smith, BofA's chief administrative officer, is leading the bank's push to tackle economic mobility challenges in its 91 markets.

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