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U.S. STOCK funds bled $27.6 billion in a one week span, ended Dec. 12. / BLOOMBERG NEWS

U.S. stock market exodus is second-biggest ever, BofA says

NEW YORK - Investors rushed out of United States equity funds in the second-biggest weekly exit on record, according to Bank of America Merrill...

Who Owns The Block?

North Main Street | Bedford Street to Pine Street FALL RIVERPBN RESEARCH AND PHOTOS/JAMES BESSETTE PBN GRAPHIC/LISA LAGRECA
ASSISTING CUSTOMERS: Bank teller Kayla Beauvais, left, helps Jacqueline Daigneault of Cumberland at the Citizens Bank branch in town at 2000 Mendon Road. / PBN PHOTO/MICHAEL SALERNO

Some banking regulatory requirements easing

A decade after the financial crisis, the banking industry appears to be in great shape. Profits are way up and some of the regulatory...
WEIGHING IN: Leaders of Bank of America’s many diversity resource groups meet at the company’s East Providence Call Center on Pawtucket Avenue. From left are: Aaron J. Brown, co-chair, Disability Advocacy Network; Jessica Hutchinson, community volunteers chair; Amanda Fournier, of the Disability Advocacy Network; Ashley Sanchez, chair, Hispanic/Latino Organization for Leadership & Advancement; David Tobin, of the Inter-Generational Employee Network; Zankhana Bateman, of Leadership, Education, Advocacy & Development for Women; Alexander Pirri, of the Inter-Generational Employee Network and financial center manager of the Bristol office; Ana C. Mendez, of the Black Professional Group; Sean Dagesse, senior vice president, Rhoden Island market manager, enterprise business and engagement; and Anny Robert, of the Asian Leadership Network. / PBN PHOTO/DAVE HANSEN

Myriad sources, perspectives build Bank of America’s workforce

FINANCIAL SERVICES Bank of America Corp.Bank of America CORP. recognizes that the diversity of its employees and an inclusive workspace are the keys to...
BANK OF AMERICA CEO Brian Moynihan, left, and Rhode Island Market President Willam F. Hatfield recently sat down with PBN to talk about the bank's operations, health and approach to banking in the post-Great Recession era. / PBN FILE PHOTO/RUPERT WHITELEY

PBN on WJAR-TV, Dec. 3, 2018

‘High-tech and high-touch’ approach to serving customers paying off for BofA.Every week, PBN Editor Mark S. Murphy appears on WJAR-TV NBC 10’s Coffee Break...
CHARITABLE GIVING: Bank of America CEO Brian Moynihan, left, meets with William F. Hatfield, center, market president in Rhode Island, and Trevor Koenig, communications executive, at the bank’s customer call center in East Providence. In addition to its customers, employees and shareholders, Moynihan said the bank has an obligation to its communities. He says the bank contributed about $200 million in charitable giving this year.  / PBN PHOTO/RUPERT WHITELEY


Bank of America CEO Brian Moynihan says a ‘high-tech and high-touch’...

When Brian Moynihan became CEO of Bank of America Corp. after Ken Lewis stepped down in 2010, he took the helm in a period...
SERVICE SHIFT: William F. Hatfield, Bank of America’s market president in Rhode Island, said financial centers have become less a destination for a transaction and more a place for advice and a conversation.
 / PBN PHOTO/RUPERT WHITELEY

Technology turns BofA branches into ‘financial centers’

William F. Hatfield, Bank of America Corp.’s market president in Rhode Island, discusses the bank’s local growth and ways it can help spur development...
WISE INVESTMENT: Michael R. Melton, pictured with students, is a finance professor and director of the Center for Advanced Financial Education at Roger Williams University in Bristol. He said investing in a company that manages its affairs in a socially and environmentally “sustainable” way is good for both the company and its investors over the long term.
 / PBN PHOTO/DAVE HANSEN

Socially responsible investing gaining in popularity, especially among millennials

Some pundits say socially responsible investing is, for lack of a better term, horse pucky. If that’s true, there’s a lot of money in...
COMMUNITY BASED: Bank of America may have nearly $2.3 trillion in assets, but as CEO Brian Moynihan points out, the bank’s health depends on the health of the many communities it operates in. 
 / PBN PHOTO/RUPERT WHITELEY

Big banking can succeed by helping communities meet needs

When Bank of America Corp. CEO Brian Moynihan says, “If the community is strong, we’re strong,” he is doing more than parroting the famous...
PROVIDENCE-based Citizens Financial Group, the holding company for Citizens Bank, increased the holdings of its wealth management clients in Bank of America by 484 percent in the last quarter. The two financial institutions are the No. 1 and No. 2 largest consumer banks in Rhode Island based in local deposits. / BLOOMBERG NEWS FILE PHOTO/KELVIN MA

Citizens’ clients bullish on BofA

PROVIDENCE – Citizens Financial Group Inc. has purchased an additional 288,283 shares of Bank of America stock on behalf of its wealth management clients,...
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