Bank of America News (NYSE:BAC)

DateTimeSource
Headline
12/09/20163:02AMDJNTime Inc. Hires Help To Weigh Overtures -- WSJ
By Jeffrey A. Trachtenberg and Dana Mattioli Time Inc. hired banks to help field takeover or partnership interest after the country's largest magazine publisher received overtures from a group of media investors including Edgar Bronfman Jr. The company tapped Morgan Stanley and Bank of America Corp., according to... More...>>
12/08/20164:40PMDJNTime Inc. Hires Banks to Help Field Takeover or Partnership Interest
Time Inc. hired banks to help field takeover or partnership interest after the country's largest magazine publisher received overtures from a group of media investors including Edgar Bronfman Jr. The company tapped Morgan Stanley and Bank of America Corp., according to people familiar with the matter. It is far from... More...>>
12/08/20163:37PMDJNTime Inc. Hires Banks to Help Field Takeover, Partnership Interest
By Jeffrey A. Trachtenberg and Dana Mattioli Time Inc. hired banks to help field takeover or partnership interest after the country's largest magazine publisher received overtures from a group of media investors including Edgar Bronfman Jr. The company tapped Morgan Stanley and Bank of America Corp., according to... More...>>
12/07/20164:52PMDJNMerrill Brokers Get Ultimatum: Refer New Customers or Face a Pay Cut -- Update
By Michael Wursthorn Merrill Lynch will require its brokers to make at least two client referrals to other parts of parent Bank of America Corp. next year to avoid a cut in pay, a move that comes as Wall Street brokerages try to drum up new business while avoiding the type of aggressive cross-selling tactics that shook... More...>>
12/07/20161:33PMDJNCCMP-Backed Infogroup Nearing End of Sale Process
By Laura Cooper Infogroup Inc., a CCMP Capital Advisors-backed provider of data, analytics and marketing services, is in the late stages of a sale process run by Bank of America Corp., said people familiar with the matter. The people said a sale of Infogroup could bring in $700 million to $800 million if a deal is reached... More...>>
12/07/201611:30AMBW2017 Market Outlook: BofA Merrill Lynch Global Research Calls Heads or Tailwinds as Markets Swing on Policy Shifts
The Economy Resuscitates, Stocks Gain, Rates Rise, Inflation Grows; Heightened Volatility and Potential for Big Market Swings Likely BofA Merrill Lynch Global Research today issued its outlook for the markets in 2017 with cautious optimism for accelerating U.S. and global economic growth, improving corporate fundamentals... More...>>
12/07/201611:00AMDJNMerrill Lynch Brokers Must Meet Referral Quota
Merrill Lynch will require its brokers to make at least two client referrals to other parts of parent Bank of America Corp. next year to avoid a cut in pay, a tweak to how the bank compensates its more than 14,000 brokers, people with knowledge of the matter said. Merrill executives unveiled the changes to its brokers... More...>>
12/07/20169:30AMDJNCitigroup's Quarterly Trading Seen Up Nearly 20%
Citigroup Inc. Chief Financial Officer John Gerspach said fourth-quarter trading would rise close to 20% compared to a year ago. Speaking at the Goldman Sachs financial services conference, Mr. Gerspach said the bank had benefited from increased client activity that started with the U.K.'s vote in June to exit from... More...>>
12/06/20163:20PMDJNBank of America Tellers, Others to Get Pay Increase
Bank of America Corp.'s lowest-paid employees are getting a raise. Bank CEO Brian Moynihan said at a Goldman Sachs financial services conference Tuesday that the bank will increase its minimum wage to $15 an hour starting early next year. A bank spokeswoman said the bank's current minimum wage is $13.50. The... More...>>
12/06/20163:09PMDJNBank of America Tellers, Others to Get Pay Increase
By Christina Rexrode Bank of America Corp.'s lowest-paid employees are getting a raise. Bank CEO Brian Moynihan said at a Goldman Sachs financial services conference Tuesday that the bank will increase its minimum wage to $15 an hour starting early next year. A bank spokeswoman said the bank's current minimum... More...>>
12/06/201612:40PMDJNHeads of J.P. Morgan, Bank of America Say FICC Stronger
The heads of the two biggest U.S. banks by assets, J.P. Morgan Chase & Co. and Bank of America Corp., said Tuesday that their trading businesses are set to close the year on a strong note as investor activity has picked up in the wake of the U.S. presidential election. J.P. Morgan Chase chief James Dimon said at a... More...>>
12/06/201612:36PMDJNHeads of J.P. Morgan, Bank of America Say FICC Stronger After Election
By Emily Glazer and Christina Rexrode The heads of the two biggest U.S. banks by assets, J.P. Morgan Chase & Co. and Bank of America Corp., said Tuesday that their trading businesses are set to close the year on a strong note as investor activity has picked up in the wake of the U.S. presidential election. J.P. Morgan... More...>>
12/05/20165:12PMBWNOTICE TO MERRILL LYNCH PUERTO RICO BOND/BOND FUND INVESTORS: Klayman & Toskes, P.A. Continues to Investigate FINRA Arbitrati...
The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”), www.nasd-law.com, continues to investigate FINRA arbitration claims against Merrill Lynch, a subsidy of Bank of America, N.A. (NYSE:BAC), for its margin lending practices related to concentrated investments in Puerto Rico bonds and... More...>>
12/02/20166:10PMDJNMorgan Stanley Toughens Pay Hurdles for Brokers
Some Morgan Stanley brokers will see pay cuts next year unless they boost the fees and commissions they collect, a move that comes as part of the bank's broader efforts to rein in costs. Starting in January, Morgan Stanley will raise some compensation-grid thresholds it uses to pay brokers by about 10% to incentivize... More...>>
12/02/20169:00AMBWThe New Retirement: Not Retiring
Merrill Edge® Report Finds Younger Generations May Never Stop Working; Will the Traditional Idea of Retirement Soon Be Extinct? Younger generations may never experience retirement as it’s defined today, according to the latest Merrill Edge® Report. The majority (83 percent) of millennials plan to work in retirement... More...>>
12/01/20164:20PMDJNWells Fargo Formally Separates Chairman, CEO Roles
Wells Fargo & Co. has amended its bylaws to formally separate the roles of chairman and chief executive and will require its chairman to be independent as it tries to rebuild customers' trust following a scandal over banking sales practices. When former chairman and CEO John Stumpf resigned in October, lead independent... More...>>
12/01/20162:43PMBWNOTICE TO MERRILL LYNCH CUSTOMERS – Klayman & Tokses, P.A. Announces Investigation into Merrill Lynch Loan Management Accou...
The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”), www.nasd-law.com, announces an investigation into Merrill Lynch, a wholly owned brokerage firm of Bank of America (NYSE:BAC), for Financial Industry Regulatory Authority (FINRA) sales practice violations from its Loan Management Accounts... More...>>
12/01/20162:40PMDJNDespite Fiduciary Uncertainty, Wells Fargo Details Compliance Plans
Wells Fargo & Co. will continue to allow retirement savers who work with its brokerage arm to pay a commission for trades to comply with new conflict-of-interest rules on retirement accounts, according to a memorandum viewed by The Wall Street Journal. The bank detailed its plans for compliance with the Labor Department's... More...>>
12/01/20169:20AMDJNBrazilian Police Raid Offices of Banco Itaú
RIO DE JANEIRO—Brazil's Federal Police launched a new phase of their Operation Zealots tax-fraud investigation, with offices of the country's largest private bank, Banco Itaú SA, raided on Thursday. Police said they have evidence of "collusion" between a member of Brazil's tax-appeals... More...>>
12/01/20169:18AMPRNUSCarrie Ann Inaba To Join Tree Lighting Festivities At Bank Of America Winter Village At Bryant Park
Carrie Ann Inaba To Join Tree Lighting Festivities At Bank Of America Winter Village At Bryant Park Veteran Choreographer and Dance Judge to Narrate Theatrical Skating Performance PR Newswire NEW YORK, Dec. 1, 2016 NEW YORK, Dec. 1, 2016 /PRNewswire/ --  Veteran choreographer, actress and television dance personality... More...>>
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