bank of america

Charlotte powers past big tech in stock market rankings

February 6, 2026 Dan Reeves

CHARLOTTE — Charlotte-based companies outperformed their peers across the country last year, pushing the city to the top of a new CNBC ranking that tracks how major employers move the stock market. CNBC earlier this […]

Bank of America ordered to pay $540M in FDIC lawsuit

April 18, 2025 The Associated Press

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. […]

NC Fast Facts: Buffett sells another $1B of Bank of America stock

September 7, 2024 The Associated Press

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 […]

Merrill Lynch to pay nearly $20M to settle racial discrimination lawsuit

June 9, 2024 The Associated Press

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 profits jump 10% but warns of slowing spending by Americans

October 17, 2023 Ken Sweet, Associated Press

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 hit with $250M in fines and refunds for ‘double-dipping’ fees and fake accounts

July 14, 2023 The Associated Press

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 […]

Warren Buffett’s company recommits to Bank of America stock while dumping other banks

May 16, 2023 Josh Funk, Associated Press

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 […]

Earnings slide ongoing for banks; BofA Q2 profit dips 32%

July 21, 2022 The Associated Press

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 […]

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BofA CEO: Consumers spending at fastest pace he’s seen

December 20, 2021 Ken Sweet, Associated Press

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 […]

Bank of America’s Moynihan highest-paid NC CEO according to survey

June 4, 2021 North State Journal Staff

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 […]