The Latest Breaking News from Bank of America

They use sham bank accounts and online marketplaces to create “drop accounts” to steal from almost anyone — and some banks do little to fight the fraud. One victim: the Illinois EPA.

Amid huge profits for oil majors, pressure builds on banks to cut ties.

Gabon is refinancing $500 million of its debt through a deal aimed at directing more funds to ocean management

More banks targeted for financing fossil fuel activity, including via a ‘hidden pipeline.’

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are down -0.25%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are down -0.47%. Stock indexes this morning are moderately lower. Concerns that weakness in China’s economy will curb global growth prospects are weighing on stocks. Losses in stock...

U.S. money-market funds are sitting on a record $5.5 trillion as investors seek risk-free returns outside expensive stock markets.

Bank of America said more people had been taking hardship distributions from their retirement plans in recent months in a sign consumers may be running out of savings to propel economic growth.

The Thursday release of the Consumer Price Index (CPI) report will bring pivotal data for markets 

“The gravity of a challenging smartphone market particularly in developed regions that should continue…is a headwind for the stock,” UBS analyst David Vogt said.