Deutsche Bank and Bank of America have been contacted by U.S. criminal investigators for information about transactions they handled for a small bank branch in Estonia that’s at the center of one of the biggest money-laundering investigations in history, according to two people familiar with the matter.
Bank of America is one of the largest fully integrated financial services companies in the world.
Bank of America has spent $300 million to $400 million getting ready for a potential hard Brexit, CEO Brian Moynihan said.
Plans said in place to recruit up to 50 managing directors, and a number of mid-level staff to support them.
Government probes into Goldman Sachs’ dealings with the Malaysian sovereign wealth fund 1MDB may still result in “significant fines, penalties and other sanctions,” the Wall Street bank said in a regulatory filing on Friday.
Bank of America has announced the death of Terrence P. Laughlin, vice chairman and head of Global Wealth and Investment Management. He was 63 years old.
For the past decade, Bank of America CEO Brian Moynihan has displayed commitment to improving his bank’s diversity by showing up.
Bank of America CEO Brian Moynihan said that the adoption of technology at the second-biggest U.S. lender has allowed him to cut 100,000 workers in less than a decade.
Bank of America’s cost-cutting hit a new milestone last quarter.
The bank's third-quarter earnings are 43 percent higher than a year earlier.
Bank of America appears to be the first major wirehouse to restrict the purchase of penny stocks. The move is the latest example of CEO Brian Moynihan's pulling back on potentially risky activities.
Diego De Giorgi has become sole head of global investment banking at Bank of America Merrill Lynch as his previous co-head Karim Assef takes on a chairman role, according to a memo seen by Reuters on Wednesday.
Bank of America is losing its second global head of technology, media and telecom investment banking in less than a year.
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.
Bank of America has appointed Marco Chisari and Rob Brass as co-heads of global semiconductor investment banking in a move aimed to deepen the bank’s focus on the sector, according to a memo published on Monday and confirmed by a spokesman.
Bank of America director Robert Scully won't run for re-election at the annual meeting this spring, in the latest in a series of changes on the board.
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 Enterprise Marketing and Market President Executive Meredith Verdone announced today that Ken Sheldon has been named New Hampshire state president. A resident of the Granite State for 25 years, Sheldon has been with the company since joining predecessor institution Fleet Bank in 1990.
Bank of America Merrill Lynch has hired Marcus Hiseman from Morgan Stanley as head of corporate debt capital markets for Europe, Middle East and Africa (EMEA), according to an internal memo seen by Reuters on Monday.
J.P. Morgan Chase and Bank of America said Friday they are no longer allowing customers to buy cryptocurrencies using credit cards.
Here's the latest on the people front from Bloomberg News.
Barclays said on Thursday it hired Riaz Ladhabhoy, an investment banker from Deutsche Bank to be the co-head of internet banking in the Americas, a move that comes ahead of a wave of IPOs expected in the sector this year.
Goldman Sachs said on Tuesday that Konstantin Shakhnovich, who managed trading systems for the U.S. bank as co-head of securities division engineering, is retiring, according to a memo seen by Reuters.
Bank of America will start moving about 400 staff, mostly from London, to its Paris office in the next few weeks as the bank prepares for Brexit, according to a person familiar with the matter.