Tag: Bank Of America
Banks adjust as borrowing costs climb
In early 2022, Rhode Island’s banks were still operating in an environment defined by abundant liquidity and historically low interest rates.
COVID-19 pandemic-era stimulus programs...
R.I. woman pleads guilty to operating an unlicensed money-transmitting business
PROVIDENCE – A Rhode Island woman has pleaded guilty to a federal judge of operating an unlicensed money-transmitting business that moved funds between individuals...
Some worry McKee attack ads reinforce state’s bad business reputation
Gov. Daniel J. McKee’s latest campaign ad attacking former CVS Health Corp. executive Helena Foulkes has sparked a backlash from some in the business...
United Way of Rhode Island names Placencia board chair, elects 4...
PROVIDENCE - United Way of Rhode Island Inc. has named Yahaira “Jay” Placencia chair of its board of directors and elected four new board...
Bank of America settles claims over lawsuits by Jeffrey Epstein victims
NEW YORK (AP) – Bank of America has tentatively settled a lawsuit claiming it ignored suspicious financial transactions involving Jeffrey Epstein while he was...
Bank of America ends 2025 with $30.5B profit driven by trading,...
PROVIDENCE – Bank of America Corp. finished 2025 with a profit of $30.5 billion, up about 10.5% from $27.6 billion in 2024, as higher...
Bank of America Q3 profit jumps 23% to $8.47B
PROVIDENCE – Bank of America Corp. reported third-quarter profit of $8.47 billion on Wednesday, an increase of 23% from a year ago driven by...
Bank of America’s Brian Velasquez Elected Board Chair at College Visions
Brian Velasquez, Senior Vice President at Bank of America, has been elected Chair of the Board of Directors at College Visions. Founded in 2004,...
Bank of America reports $7.12B profit in Q2, surpasses earnings expectations
CHARLOTTE, N.C. – Bank of America Corp. reported a $7.12 billion second-quarter profit Wednesday, a 3% increase from $6.9 billion the nation's second-largest bank...
Bank of America posts $7.4B profit in Q1, ordered to pay...
CHARLOTTE, N.C. – Bank of America Corp. on Tuesday reported a first-quarter profit of $7.4 billion, an increase from $6.6 billion posted a year...
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