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Lananh Nguyen

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...

Dollar plunges to 7-month low versus Euro, Yen amid global rout

NEW YORK - The dollar slumped to a seven-month low against the euro and the yen as most traders concluded the Federal Reserve will...

Dollar falls after private report shows July jobs growth slows

NEW YORK - The dollar fell from a four-month high after a private report showed July jobs growth was lower than forecast. The greenback weakened...
RETAIL GASOLINE PRICES dropped to $3.25 per gallon, the lowest price since Dec. 19.  / BLOOMBERG FILE PHOTO/DANIEL ACKER

Gasoline at U.S. pumps drops to lowest in a year on...

SAN FRANSISCO - Retail gasoline prices in the U.S. fell to the lowest level in a year as refineries restored production and stockpiles rose...
THE U.S. is on track to become almost self-reliant, surpassing Saudi Arabia in oil output by 2020.  / BLOOMBERG FILE PHOTO/PHIL WEYMOUTH

U.S. oil output to overtake Saudi Arabia’s by 2020, IEA says

LONDON - U.S. oil output is poised to surpass Saudi Arabia’s in the next decade, making the world’s biggest fuel consumer almost self-reliant and...

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