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The Latest Breaking News from Bank of America

Large Wall Street firms fined $1.8bn in US over lax recordkeeping

NEW YORK: Large Wall Street firms agreed to pay $1.8 billion in fines over failures to keep electronic records such as text messages between employees on personal mobile phones, US authorities announced Tuesday.

Bangkok Post

Economy and Society, September 27, 2022: House Financial Service Committee addresses ESG

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.

Ballotpedia

GOPer brags aide leaving for Wall Street

"And her father already works for us," Bank of America CEO boasted in chummy exchange

Salon

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read the most diverse news in one place.

Top US bank CEOs warn they can stop working with China if Taiwan is invaded

‘We will follow government’s guidance which has been for decades to work with China’

The Independent UK

That iPhone May Not Cost You $1,000: A 'Sticky Ecosystem' Is A Boon For Cell Phone Carriers

Apple Inc. (NASDAQ: AAPL) recently released its latest iPhone 14 models and Bank of America analyst Wamsi Mohan said Wednesday that carrier promotions are making the devices more affordable than shoppers may expect in the inflationary environment.

Benzinga

U.S. bank CEOs back Fed hikes during congressional grilling on economy, China ties

The country's top bank chiefs endorsed U.S. Federal Reserve rate hikes as a means to tame soaring inflation, while acknowledging there will be pain ahead, when appearing before Congress during a wide-ranging and mostly sedate hearing on Wednesday.

Reuters

Wall Street CEOs return to Capitol Hill as election looms

In what has become an annual ritual, the CEOs of the major U.S. banks will appear in front of Congress this week, to sell themselves as shepherds of a helpful industry at a time of financial and economic distress for many Americans

The Independent UK

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Check Out What Whales Are Doing With BAC

Someone with a lot of money to spend has taken a bearish stance on Bank of America (NYSE:BAC). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga

Bank of America Whale Trades For September 15

A whale with a lot of money to spend has taken a noticeably bullish stance on Bank of America. Looking at options history for Bank of America (NYSE:BAC) we detected 14 strange trades.

Benzinga

4 Starbucks Analysts React To Investor Day: 'Attractive Risk-Reward And Valuation'

Starbucks Corporation (NASDAQ: SBUX) shares traded high by 1.2% on Wednesday after the company held its first investor day event since announcing Laxman Narasimhan will be taking over as the new CEO.

Benzinga

Gen Z struggles to save as inflation refuses to stop trending

Generation Z (Gen Z) is struggling to save and meet its financial goals in a world gripped with decades-high inflation and challenging economic conditions, a Bank of America survey showed on Tuesday.

Bangkok Post

Check Out What Whales Are Doing With BAC

Someone with a lot of money to spend has taken a bullish stance on Bank of America (NYSE:BAC). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga

What Bank of America's mortgage pilot can and can't fix for homeownership disparities

The company says it hopes to help Black and Latino borrowers buy houses and build wealth with its new pilot program. Experts say it's a start, but doesn't go far enough.

WEKU

New Loan Program for Black, Latino Neighborhoods Isn't 'Explicitly Racist'

But Bank of America's Community Affordable Loan Solution program will likely be a gentrification accelerating machine.

Reason

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Benzinga

5 Snap Analysts React To Restructuring Plan: 'Attractive Opportunity For Long-Term Holders'

Snap Inc (NYSE: SNAP) shares traded higher by 15% on Wednesday after the social media giant disclosed in a new filing that it will be restructuring its business and laying off 20% of its staff.

Tribune News Service

Bank of America launches zero-down mortgages for Black, Latino homebuyers in 5 cities

Bank of America has chosen five cities to pilot a new nationwide program aimed to help first-time homebuyers in Black and Latino communities.

Benzinga

Check Out What Whales Are Doing With BAC

A whale with a lot of money to spend has taken a noticeably bearish stance on Bank of America. Looking at options history for Bank of America (NYSE:BAC) we detected 20 strange trades.

Benzinga

Here Are Warren Buffett's Best Performing Dividend Stocks

Warren Buffett's Berkshire Hathaway Inc. Class A (NYSE: BRK-A) lists numerous dividend stocks among its holdings, with the highest-yielding companies returning at least 3%.

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news in one place.

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Benzinga

Bank of America Whale Trades For August 22

Benzinga

5 Kohl's Analysts On Bloated Inventory, Guidance Cut: 'Fundamentals Are Likely To Get Worse'

Kohl's Corporation (NYSE: KSS) shares are down 4% on Friday after the company cut its guidance and said inflation is eating into its sales growth.

Benzinga

A Remedy For Wages Falling Behind Inflation? Join A Small Business Where Wages Are Hot

Bank of America economists Anna Zhou and Taylor Browley released a note on Aug. 16 regarding the analyst firm's small business checkpoint.

Reuters

Analysis: 100 banks, 1,000 suspects: German fraud probe puts Scholz on the spot

German chancellor Olaf Scholz faces lawmakers' questions this week over his role in tackling a multibillion-euro tax fraud as a sprawling probe into the scheme threatens to undermine him as he grapples with an energy crisis and the fallout of war.

Benzinga

4 Rivian Analysts On Sales Growth, Widening Losses: Is EV Maker Back On Track After 'Horror Show' IPO?

Rivian Automotive Inc (NASDAQ: RIVN) shares were falling slightly Friday after the company reported impressive second-quarter revenue growth but said 2022 losses would be wider than expected.

Benzinga

This Is What Whales Are Betting On Bank of America

Benzinga

Bank Of America's Premarket Movement: What To Watch For As The Stock Trades In This Pattern

Bank of America Corp. (NYSE: BAC) was trading slightly higher in the premarket on Wednesday after a slightly bullish day on Tuesday caused the stock to close 1.28% higher.

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