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Bank of America

American multinational banking and financial services corporation

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Bank of America: American multinational banking and financial services corporation
The Bank of America Corporation is an American multinational investment bank and financial services company founded in San Francisco, California and based in Charlotte, North Carolina, with central hubs in New York City, London, Hong Kong, Minneapolis, and Toronto. Bank of America was formed through NationsBank's acquisition of BankAmerica in 1998. It is the second largest banking institution in the United States, after JPMorgan Chase. As a part of the Big Four, it services approximately 10.73% of all American bank deposits, in direct competition with Citigroup, Wells Fargo, and JPMorgan Chase. Its primary financial services revolve around commercial banking, wealth management, and investment banking.

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British athletes threaten to sue BOA over sponsorship

Some of Britain's top athletes are threatening to sue the British Olympic Association (BOA) over "ridiculous and unfair" sponsorship regulations.
BBC News - Published

Bank of America beats profit estimates on surge in advisory, lending

Bank of America Corp beat Wall Street estimates for quarterly profit on Wednesday as it earned more in advisory fees and its loan book expanded, easing concerns that lower interest rates would crimp..
Reuters - Published

Videos for Bank of America


Wall Street slips as weak economic data offsets earnings strength [Video]Wall Street slips as weak economic data offsets earnings strength

Wall Street lost ground on Wednesday as weak U.S. economic data and simmering geopolitical tensions spooked buyers away from the equities market, despite a string of generally positive third-quarter..

Credit: Reuters Studio     Duration: 01:31Published

Upbeat earnings results lift stocks [Video]Upbeat earnings results lift stocks

Wall Street advanced Tuesday as the third-quarter earnings season hit the ground running with a spate of upbeat reports that brought buyers back to the equities market. Fred Katayama reports.

Credit: Reuters Studio     Duration: 01:13Published

 

Advisory fees, lending power Bank of America beat

Bank of America Corp beat Wall Street estimates for quarterly profit as it earned more in advisory fees and grew its loan book, easing concerns that lower interest rates would crimp growth at the..
Reuters - Published

Bank of America profit falls on $2 billion impairment charge

Bank of America Corp , the second-largest U.S. bank by assets, reported a 21% fall in quarterly profit on Wednesday, hurt mainly by a $2 billion pretax impairment charge.
Reuters - Published

Bank of America, Morgan Stanley eye growth in employee-benefits management

Morgan Stanley and Bank of America Corp are expanding the employee-benefits services they offer, hoping to gain market share in the dull-but-reliable business of managing wealth for companies and..
Reuters - Published

Wall Street opens flat, investors shrug off bank results

U.S. stocks opened flat on Wednesday as trade worries and concerns about the balance of monetary policy and growth outweighed solid results from Bank of America and a boost to chipmakers from Dutch..
Reuters - Published

Bank of America trims net interest income guidance

Bank of America Corp lowered its annual net interest income guidance on Wednesday to reflect a weakened interest rate environment as the second-largest U.S. lender reported higher-than expected..
Reuters - Published

Bank of America profit beats as healthy economy fuels loan growth

Bank of America Corp beat estimates for quarterly profit on Wednesday, as the United States' second-largest lender's loan book benefited from a healthy domestic economy.
Reuters - Published

When controversies hit, wait-and-see no longer works, U.S. companies find

When Bank of America Corp held its annual meeting in April, activists insisted it stop financing private prison companies.
Reuters - Published

Bank of America to stop financing operators of private prisons, detention centers

Bank of America Corp said on Wednesday it will no longer finance operators of private prisons and detention centers, joining peers in distancing itself from a sector that has triggered protests over..
Reuters - Published

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