Bank of America hit with outage, some customer accounts show zero
Bank of America customers got an unwelcome surprise when checking their bank balances online on Wednesday, with some showing their money had disappeared.
Bank of America ups minimum hourly pay to $24
The new rate, announced on Tuesday, represents a $1-per-hour increase for all full- and part-time hourly Bank of America workers in the United States.
Bank of America no longer predicting recession, CEO says
Bank of America's team of economists no longer see the U.S. falling into a recession and now have the opposite view, CEO Brian Moynihan said over the weekend.
'Great migration' continues as more Americans flee New York, San Francisco
New data published by Bank of America shows that Americans are continuing to leave cities like San Francisco and New York due to affordability concerns.
NCAA student athletes can earn money; a wealth management firm wants to help educate them on finances
IMG Academy and Merrill Private Wealth Management are partnering to provide financial literacy education to IMG's student-athletes, including budgeting, investments and managing credit.
Bank of America profit drops on lower interest income, outlook lifts shares
Bank of America earned $6.9 billion, or 83 cents per share, in the quarter ended June 30, compared with $7.4 billion, or 88 cents per share, a year earlier.
Nearly half of Gen Z rely on financial help from parents, family: BofA survey
A new survey by Bank of America found that 46% of adult members of Gen Z are getting financial assistance from parents or family members to cover housing, groceries and other needs.
The US housing market is 'stuck,' and might remain that way until 2026
A new Bank of America analyst note suggests that the U.S. housing market is "stuck" and will not become "unstuck" unless there is an economic recession.
Bank of America employee, 25, dies suddenly weeks after 35-year-old colleague's death
Two Bank of America employees under 40 years old -- Adnan Deumic, 25, and Leo Lukenas, 35 -- have died suddenly this month within weeks of each other.
Share of gig workers hit a new high in March
A new report by the Bank of America Institute found that the share of bank customers who received income from gig work hit a new high of 3.8% in March after a lull in 2023.
Conservative group takes aim at Wall Street in report claiming big banks have undercut firearms industry
The American Accountability Foundation has released a report on how big banks have refused to lend money to firearm and ammunition manufacturers in an "asymmetrical attack" on the firearms industry.
Indiana AG blasts Bank of America's alleged discriminatory behavior: 'You can't just pick and choose'
Indiana Attorney General Todd Rokita weighs in on the alleged behavior from Bank of America and its impact of free speech in the U.S.
Tax refunds up from 2023; most Americans plan to pay down debt or save
A new Bank of America Institute report found that taxpayers' refund checks will on average be about 5% larger compared to a year ago, with most planning to pay debt or save the refund.
Commercial real estate trouble could trigger systemic credit crash, fund managers say
A Bank of America survey of fund managers found that a growing percentage are worried commercial real estate woes could cause a credit crisis in the U.S.
Bank of America appears to renege on pledge to not finance new coal projects
Bank of America appears to be walking back a pledge the company made in 2021 to not finance new coal mines, coal-powered plants or Arctic drilling.
Dozen state GOP agriculture commissioners launch probe of US banks over ESG investing: 'It must be stopped'
FIRST ON FOX: A dozen state departments of agriculture are pressuring six of the nation's top banks to reveal information about their net-zero ambitions.
Bank of America profit falls on $3.7B in charges
The U.S. lender posted net income of $3.1 billion, or 35 cents a share, for the three months ended Dec. 31. That compares with $7.1 billion, or 85 cents a share, a year earlier.
Bank of America, Deutsch Bank predict interest rate cuts in 2024
Bank of America and Deutsch Bank both released outlooks predicting the Federal Reserve will cut interest rates next year. The latter says the U.S. will enter a "mild recession."
Customers at major US banks hit with deposit delays
Deposits at some of the nation's largest banks including Bank of America, Wells Fargo and Chase were delayed on Friday due to a system-wide processing issue.
Bank of America profit beats estimates on higher interest income, investment banking gains
Bank of America beat Wall Street estimates for quarterly profit on Tuesday, reporting a net income increase of 10% in the third quarter to $7.8 billion.