Bank of America

Latest Headlines

Latest Headlines

Firms boost legal reserves as FX investigations heat up

The Commodity Futures Trading Commission is expected to announce fines in the alleged rigging of the $5.3 trillion-a-day currency markets any day now, according to published reports. The CFTC may levy fines of around $300 million against each firm it is investigating, according to anonymous sources cited by  Bloomberg.  

Business loans leading banks' asset growth

Recent analysis shows continued upward trend in Commercial & Industrial loan growth at banks.

Big corporates outline wellness initiatives

Wellness programs and tools that employ wireless technology are among the strategies major corporations are using to improve employees' health and the state of U.S. healthcare, according to a report released yesterday by the CEO Council on Health and the Bipartisan Policy Center.

International banks in London prepare for the possible "Brexit"

Growing reports out of London suggest that British Prime Minister David Cameron is increasingly frustrated with European Union policies, and he could soon warn Europe that he might support calls for a British exit from the European Union if no compromises are reached. The increasingly contentious tone reportedly has prompted foreign banks based in London to already begin exploring their options.

Most consumers bank by mobile phone but steer clear of mobile payments, study says

Americans are wedded to their cell phones, and nearly two-thirds have at least tried mobile banking. But comfort levels with mobile banking services vary by function, and while most are comfortable using smartphones to deposit checks, comfort levels with mobile wallets remain low, a Bank of America study shows.

Bank of America to staff branches with specialists via video conference

Bank of America is planning to use customer-facing videoconferencing to staff 500 branches with specialists that sell specific financial products. The videoconferencing rollout follows a two-year trial at 85 branches in which 10,000 customer interactions were conducted through videoconference.  

BofA's accounting error no small matter

An accounting error that could cost Bank of America's shareholders more dividends and buybacks leaves experts scratching their heads.

Investment banking jobs face downsizing rumors

As bond trading revenues continue to fall, some rumors about investment banking job cuts are beginning to swirl. Deutsche Bank reportedly plans to cut another 500 jobs in its investment bank in...

Deadline looming, banks negotiate extended XP support to finish ATM upgrades

With Microsoft scheduled to withdraw support for its XP operating system April 8, banks around the world are negotiating support extensions as they scramble to upgrade automated teller machines to Windows 7. Several banks are reportedly using the forced migration to modernize their ATMs, adding new capabilities such as reading chips instead of magnetic stripes.

Citigroup valuation draws attention

Since the financial crisis, the top banks have each taken a turn as the hot stock. Bank of America Corp. was perhaps the big winner over the last two years. Is it time for Citigroup Inc.'s time...