Capital and Risk, Macroeconomic
May 28, 2020
Via: CNBCThe U.S. economy is beginning to recover from shutdowns tied to the coronavirus pandemic, Bank of America CEO Brian Moynihan told CNBC on Thursday. Moynihan cited consumer spending figures from the millions of households using his lender’s credit and debit […]
April 16, 2019
Via: CNBCBank of America shares dropped Tuesday after executives said the lender’s net interest income growth was falling because of declining interest rates and a slowing U.S. economy. Despite posting a record first-quarter profit driven by cost cuts and strength in […]
April 9, 2019
Via: TheStreetBank of America, (BAC – Get Report) , the second-biggest U.S. bank, said it would raise the minimum hourly wage for employees to $20 by 2021 from about $15 currently in an effort to improve recruitment and retention efforts. A […]
Capital and Risk, Macroeconomic
January 22, 2019
Via: CNBCBank of America Chairman and CEO Brian Moynihan told CNBC on Tuesday the American consumer remains confident despite headwinds in the United States and around the world. “We think the consumer is very strong right now,” Moynihan said on “Squawk […]
January 16, 2019
Via: TheStreetBank of America Corp. (BAC – Get Report) said profit doubled in the fourth quarter from a year earlier, when the second-largest U.S. bank took a big write-down related to passage of the 2017 tax law. Net income rose to […]
March 26, 2024
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