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BANK OF AMERICA will end a payments joint venture with First Data Corp. next June. / BLOOMBERG NEWS FILE PHOTO/JIN LEE

BofA to end payments joint venture with First Data next June

NEW YORK – Bank of America Corp. said it will end a payments joint venture with First Data Corp. next June when a contract...
BANK OF AMERICA reported a profit of $7.35 billion in the second quarter of 2019. / BLOOMBERG NEWS FILE PHOTO/JIN LEE

BofA counters trading slump with gains in consumer banking

NEW YORK – Bank of America Corp.’s consumer bankers extended their winning streak for another three months.Gains in the retail division helped drive overall...
BANK OF AMERICA reported a profit of $7.31 billion in the first quarter. / BLOOMBERG NEWS FILE PHOTO/RON ANTONELLI/GETTY IMAGES

BofA posts record profit as higher rates fuel consumer unit

NEW YORK - Bank of America Corp.’s consumer bankers outdid their colleagues in trading for the second quarter in a row as the company...
BANK OF AMERICA CORP. plans to raise its minimum wage to $20 an hour over two years. / BLOOMBERG NEWS FILE PHOTO/JIN LEE

BofA to increase minimum wage to $20 an hour over two...

NEW YORK - Bank of America Corp., the second-biggest U.S. lender, plans to raise its minimum wage to $20 an hour over two years.The...
BANK OF AMERICA will drop Merrill Lynch from its investment-bank brand. / BLOOMBERG NEWS FILE PHOTO/RON ANTONELLI

BofA drops Merrill Lynch from its investment banking brand

NEW YORK - Bank of America Corp. will drop Merrill Lynch from its investment-bank brand, while keeping the name Merrill for its wealth management unit.The...
BRIAN MOYNIHAN received $25 million in stock grants and a $1.5 million salary in 2018. / BLOOMBERG NEWS/SIMON DAWSON

BofA boosts Moynihan’s pay to record $26.5M for last year

NEW YORK - Bank of America Corp. awarded CEO Brian Moynihan a record $26.5 million for 2018, a 15 percent increase from a year earlier.Moynihan,...
BANK OF AMERICA Corp. CEO Brian Moynihan predicted another round of consolidation in the U.S. that could lead to the emergence of a new competitor, speaking on a panel at the World Economic Forum in Davos, Switzerland. / BLOOMBERG NEWS FILE PHOTO/JASON ALDEN

BofA’s Moynihan predicts another round of U.S. bank mergers

NEW YORK - Bank of America Corp. CEO Brian Moynihan predicted another round of consolidation in the United States that could lead to the emergence...
BANK OF AMERICA reported a net income of $7.3 billion. / BLOOMBERG NEWS FILE PHOTO/RON ANTONELLI

BofA’s retail bankers save day for beleaguered bond traders

NEW YORK - Bank of America Corp.’s consumer bankers saved the day for their bond-trading colleagues.The company’s retail-banking business saw a 5 percent jump...

Boring Wall Street analyst notes are out. Bold, funny are in

NEW YORK - Call it clickbait for Wall Street.But instead of 17 Cat Vines That Will Slay You Every Time, Bank of America Merrill...

Dollar fluctuates as Yellen says turmoil may delay rate hikes

NEW YORK - The dollar fluctuated after Federal Reserve Chair Janet Yellen said continued market turmoil may throw the central bank off course from...
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