Bank of America has paid Tutor Perini Corp $37 million to resolve a lawsuit claiming the bank defrauded the construction company by selling it millions of dollars of auction-rate securities it knew were on the brink of collapse.
Bank of America is one of the largest fully integrated financial services companies in the world.
Bank of America's second-quarter earnings will be hurt by a drop in trading revenue, lower-than-expected interest rates and the sale or shuttering of certain assets, according to comments from Chief Executive Brian Moynihan on Wednesday.
Wells Fargo’s Tim Sloan has a role model when it comes to cleaning up the problems at his firm: Brian Moynihan of Bank of America Corp.
Bank of America equities chief Fabrizio Gallo is executing his second major management shakeup since moving to New York in 2015, giving two executives more control of operations handling stock sales to customers.
Bank of America Merrill Lynch has reorganised its energy, power and mining investment banking teams, combining them under the leadership of Julian Mylchreest, according to a memo seen by Reuters on Thursday.
Bank of America CEO Brian Moynihan sees his company's biggest mission as helping the economy to grow. To make that happen, he said, the bank needs to stay big.
A former Bank of America senior vice president and her husband were charged with embezzling more than $2.7 million by making charitable donations on behalf of the lender before using intimidation and threats to get much of the money back for their own use.
Bank of America Corp's Merrill Lynch will stop paying the big upfront bonuses that Wall Street brokerages have long used to lure talent, ending a costly practice that did not always reap returns.
Bank of America’s Asia Pacific mergers and acquisitions head Stephen Gore is preparing to depart, while Morgan Stanley dealmaker Mark Schwille is set to join the U.S. firm, people familiar with the matter said.
Bank of America CEO Brian Moynihan said the Trump administration would harm U.S. businesses and undermine the financial system if it were to revive a Depression-era law separating consumer and investment banking.
Michele Foresti, who left Bank of America in December, was hired by hedge-fund firm Brevan Howard Asset Management, a person with knowledge of the move said.
Bank of America has hired John Utendahl from Deutsche Bank, naming him executive vice chairman of global corporate and investment banking.
Workingmums.co.uk has announced the winners of its sixth annual Top Employer Awards, celebrating the leading companies in gender diversity and flexible working.
Paul Frankfurt, head of block trades for Bank of America in Europe, the Middle East and Africa, has left the firm to join investment advisory services business Anoa Capital S.A.
Bank of America has appointed Jiro Seguchi to head its brokerage and banking units in Japan from June 1, replacing Tim Latimore.
If you're not great at managing your finances, Bank of America's new chatbot is there to help.
Bank of America reports better-than-expected earnings on the back of strong trading and loan growth.
There's nothing like the release of a few emails to stir things up.
Bank of America's head of equities sales for the Americas Michael J. Lynch was replaced by Miceal Chamberlain and Edouard Matitia-Cohen as global equities chief Fabrizio Gallo shakes up the team, said two people with direct knowledge of the move.
Former Bank of America Corp managing director Johnny Williams is joining UBS AG as vice chairman for the Americas, according to a memo obtained by Reuters.
Bank of America Merrill Lynch has appointed Anya Weaving as managing director of the bank's global natural resources unit, according to a memo seen by Reuters on Monday.
Any Asia ex-Japan involvement announced January 1st - June 30, 2017.
Warren Buffett's company will become the biggest shareholder in Bank of America, after Berkshire Hathaway on Friday invoked its right to acquire 700 million shares of the second-largest U.S. bank.