NEW YORK — A federal judge has ordered Bank of America to pay more than $540 million to resolve long-running litigation from a U.S. regulator that alleged the company underpaid mandatory assessments for deposit insurance. […]
OMAHA, Neb. — Investor Warren Buffett’s company unloaded more of its Bank of America stake, selling nearly 25 million shares worth almost $1 billion over the past 10 days. Since July, Berkshire Hathaway has steadily […]
NEW YORK — Merrill Lynch has agreed to pay nearly $20 million to settle a class-action lawsuit that accuses the Wall Street brokerage giant of racially discriminating against its black financial advisers. The lawsuit alleges […]
Bank of America posted a 10% rise in third quarter profits Tuesday, helped by higher interest rates that allowed the bank to charge more for loans at the same time that it kept expenses under […]
Bank of America will reimburse customers more than $100 million and pay $150 million in fines for “double-dipping” on overdraft fees, withholding reward bonuses on credit cards and opening accounts without customer consent. Combined, it […]
OMAHA, Neb. — Investor Warren Buffett recommitted to his favorite bank stock, Bank of America, during the first quarter while dumping two other banks as part of a number of moves in Berkshire Hathaway’s stock […]
CHARLOTTE — Bank of America’s second quarter profits fell 32%, the latest major U.S. bank to report a dip in earnings after a strong 2021. A better reflection of performance at the country’s second largest […]
NEW YORK — The head of the nation’s second-largest bank said consumers are spending “at a faster rate” than he’s ever seen but he remains concerned about how inflation and supply-chain issues will influence the […]
CHARLOTTE — An Associated Press and executive data firm Equilar survey tallied CEO pay across publicly traded companies to determine the highest-paid CEO in each state. To calculate CEO pay, Equilar added salary, bonus, stock […]
CHARLOTTE — Bank of America plans to set the minimum wage for all positions at the company to $25 an hour by 2025. It would be the highest minimum wage paid by a big bank […]
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