The bank noted that the policy announced in April was "on a go-forward basis" and that the Remington deal began in March.
Bank of America is one of the largest fully integrated financial services companies in the world.
UBS has poached star investment banker Marco Illy from arch rival Credit Suisse.
Bank of America appointed Nancy Fahmy to head its combined alternative investments and specialty asset management group.
Bank of America will relocate up to 125 jobs from Britain mostly to Ireland as it prepares for Britain’s exit from the European Union, according to a corporate filing.
Amid all the excitement about China’s plan to open up its securities market, one U.S. banking giant is playing it cool.
Cantor Fitzgerald LP’s Shawn Matthews is stepping down as head of the firm’s broker-dealer unit and plans to start a hedge fund.
Bank of America Monday reported record earnings which beat analyst expectations thanks to higher interest rates and the boost from tax cuts.
The move is part of a renewed national groundswell of action to prevent further gun violence, inspired by the student activists who survived a recent school shooting in Florida
A former sales director at Bank of America won a French employment lawsuit against the bank in a dispute over whether he lied about the fact he was dismissed by his previous employer, JPMorgan Chase.
Bank of America has named Mark Davies and Brian Weinstein as co-heads of emerging-market fixed income, currencies and commodities trading.
Bank of America Merrill Lynch has hired a longtime deal specialist in the consumer and retail industries to join its mergers practice.
Bank of America equities chief Fabrizio Gallo is shaking up leadership across his division, promoting Glenn Koh to run its trading operations globally, as at least a half-dozen other deputies take on new roles or leave.
Bank of America got called out by Wall Street’s top regulator for not adequately explaining why Chief Operating Officer Thomas Montag and other executives received millions of dollars for 2015.
Bank of America Corp., the second-biggest U.S. lender by assets, told its investment bankers to expect compensation packages that are 25 percent smaller on average, two people with knowledge of the discussions told Bloomberg News.
Scott Duffy, head of physical and structured crude and products trading at Bank of America Merrill Lynch (BAML) has left the firm, according to two sources familiar with the matter.
Bank of America has promoted two veteran investment bankers to be co-heads of U.S. mergers and acquisitions, Kevin Brunner and Ivan Farman, according to a memo seen by Reuters.
Morgan Stanley has laid off two vice-presidents and one or two other employees in its commodities division as part of a global plan to shed staff and cut costs, sources familiar with the matter said on Wednesday.
Bank of America has hired Deutsche Bank’s Sunil Khaitan to head its global capital markets business in India, according to a person with knowledge of the matter.
Here's a few links to some interesting Bloomberg, CNBC, New York Times and Reuters stories currently doing the rounds.
The Securities and Exchange Commission Tuesday charged Merrill Lynch, Pierce, Fenner & Smith with misleading customers about how it handled their orders. Merrill Lynch agreed to settle the charges, admit wrongdoing, and pay a $42 million penalty.
Bank of America has hired Morgan Stanley veteran Bernard Mourad, who recently worked as an adviser to French President Emmanuel Macron, as its new head of corporate and investment banking for France, three sources familiar with the matter told Reuters.
The Securities and Exchange Commission Tuesday announced that Merrill Lynch, Pierce, Fenner & Smith Inc. will pay more than $15 million to settle charges that its employees misled customers into overpaying for Residential Mortgage Backed Securities (RMBS). Merrill Lynch agreed to repay more than $10.5 million to its customers and to pay penalties of approximately $5.2 million.