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BANK OF AMERICA posted a $2.37 billion net income for the fourth quarter. / BLOOMBERG FILE PHOTO/DAVIS TURNER

BofA has ways to go to hit $53B cost target this...

NEW YORK - Bank of America Corp. once excited investors by pledging steep cost cuts by the end of this year. It still has a...
BANK OF AMERICA has applied for or received at least 43 patents for blockchain. / BLOOMBERG FILE PHOTO/RON ANTONELLI/GETTY IMAGES

BofA tops IBM and payments firms with most blockchain patents

NEW YORK -  Bank of America Corp. may not be willing to help customers invest in bitcoin, but that doesn’t mean it isn’t plowing into...
BANK OF AMERICA ESTIMATES THAT the supply of investment-grade bonds may reduce by as much as 17 percent next year due to changes proposed in the new tax bill. / BLOOMBERG FILE PHOTO/ANDREW HARRER

Debt-hungry pensions seen having fewer bonds under tax bill

NEW YORK - The tax overhaul may cause a snag for debt-hungry pension funds.Now being refined by the House and Senate, the legislation will likely...
BANK OF AMERICA CORP. posted its highest net income in six years. / BLOOMBERG FILE PHOTO/RON ANTONELLI

BofA profit best in six years as rising rates lift revenue...

NEW YORK - Brian Moynihan’s efforts to boost Bank of America Corp. profit through cost cutting finally got some help from interest rates.  The lender...
THE SIX BIGGEST U.S. BANKS are poised to make a combined $27 billion of gross profit if the government shifts to changes to post-crisis banking rules proposed by Donald Trump’s administration. / BLOOMBERG

Big U.S. banks could see profit jump 20% with deregulation

NEW YORK -  The deregulation winds blowing through Washington could add $27 billion of gross profit at the six largest U.S. banks, lifting their...
BANK OF AMERICA MERRIL LYNCH said that proposed individual tax reform could take years to implement if they pass. /BLOOMBERG FILE PHOTO/MICHAEL NAGLE

Individual tax reform may take `two or more years,’ Says BofA

NEW YORK - The sweeping changes the Trump administration hopes to make to individual taxes will likely be a long time coming, Bank of America...
ONE OF BANK OF AMERICA'S top deals bankers said that U.S. dealmaking activity has slowed in the past month as companies await regulatory certainty on U.S. policies. /BLOOMBERG FILE PHOTO/RON ANTONELLI

Deals `on pause’ as CEOs wait for more certainty, Baronoff says

NEW YORK - Dealmaking activity has slowed in the past month as companies await regulatory certainty on United States policies from health care to...
SANTANDER HOLDINGS COMPANY'S call center employees are seeking to unionize due alleged aggressive collections tactics. /BLOOMBERG FILE PHOTO/ANGEL NAVARRETE

Santander’s call-center workers bring union push to Washington

NEW YORK - Call-center workers at Santander Consumer USA Holdings Inc., concerned about what they deem aggressive collections tactics, are looking to unionize with...
BANK OF AMERICA CORP. posted a second quarter decline in interest income despite speculation that the bank would heavily profit from rising federal interest rates. / BLOOMBERG FILE PHOTO/RON ANTONELLI

BofA’s interest income declines even after Fed rate hikes

NEW YORK - Bank of America Corp.’s expected bonanza from rising interest rates has stalled.The lender, viewed as the most sensitive to rate changes...
ROYAL BANK OF SCOTLAND agreed to pay $5.5 billion to settle the second of three major United States mortgage-backed securities probes. / BLOOMBERG FILE PHOTO/LUKE MACGREGOR

RBS to pay $5.5B in FHFA mortgage-bond settlement

NEW YORK - Royal Bank of Scotland Group PLC agreed to pay $5.5 billion to settle the second of three major United States mortgage-backed...
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