Friday, August 21, 2026

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Laura J. Keller

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BANK OF AMERICA has agreed to pay $415 million to settle Securities and Exchange Commission claims that Merrill Lynch misused billions of dollars in customer funds to benefit itself.

BofA to pay $415 million over claims it misused client funds

NEW YORK - Bank of America Corp. admitted to wrongdoing in settling a U.S. regulator’s allegations that it misused billions of dollars in customer...
BANK OF AMERICA CORP. CEO BRIAN T. MOYNIHAN said U.S. banks contending with tough rules and markets are still stronger than many overseas rivals. / BLOOMBERG FILE PHOTO/ANDREW HARRER

BofA CEO eyes market-share gains while Europe peers sound alarm

NEW YORK - U.S. banks contending with tough rules and markets are still stronger than many overseas rivals and will soak up business, Bank...
BANK OF America Corp.’s second-quarter trading revenue is on track to rise by “mid-single digits,” CEO Brian Moynihan said Thursday.

Moynihan sees BofA trading revenue rising by ‘single digits’

NEW YORK - Bank of America Corp.’s second-quarter trading revenue is on track to rise by “mid-single digits,” CEO Brian Moynihan said Thursday, following...
BANK OF America Corp. said it reached a $190 million agreement to resolve a six-year-old legal claim from Federal Home Loan Bank of Seattle over mortgage-backed securities sold before the financial crisis.

BofA says it settled Seattle bank mortgage suit for $190M

NEW YORK - Bank of America Corp. said it reached a $190 million agreement to resolve a six-year-old legal claim from Federal Home Loan...

BofA’s Montag gets less pay than CEO Moynihan for first time

NEW YORK - Bank of America Corp. Chief Operating Officer Thomas K. Montag was paid less than CEO Brian T. Moynihan last year for...
BANK OF AMERICA's first-quarter profit rose 40 percent on a year-over-year basis, beating estimates, thanks to improved trading revenue.

BofA profit jumps 9.4% on fixed-income gain, beats estimates

NEW YORK - Bank of America Corp., the second-biggest U.S. lender, said profit rose 9.4 percent on gains in fixed-income trading revenue and declines...
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