BofA’s retail bankers save day for beleaguered bond traders

By
-
BANK OF AMERICA reported a net income of $7.3 billion. / BLOOMBERG NEWS FILE PHOTO/RON ANTONELLI
BANK OF AMERICA reported a net income of $7.3 billion in the fourth quarter. / BLOOMBERG NEWS FILE PHOTO/RON ANTONELLI
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 in average loans in the fourth quarter and drove a record profit for the company, helping counter a slide in bond trading that’s been hurting all of Wall Street. “We…

Register to keep reading or subscribe today and receive unlimited access.
Register Now Already a Subscriber? Login now

If you have already logged in and are still seeing this message, please refresh the page as your browser is caching the old content.

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

RELATED ARTICLESMORE FROM AUTHOR

No posts to display