Tag: Bank Of America
Bank of America’s Q2 results hurt by pandemic like others
NEW YORK (AP) – Bank of America's second quarter profits were sawed in half and the consumer banking giant set aside billions of dollars...
BofA posts $4B Q1 profit, builds funds anticipating bad loans
PROVIDENCE - Bank of America Corp. reported a 45% drop in first-quarter earnings driven by a new $3.6 billion reserve build for bad loans...
Banks brace for big loan defaults by U.S., global customers
NEW YORK (AP) – The major banks in the United States are anticipating a flood of loan defaults as households and business customers take...
Five Questions With: Edythe M. De Marco
Edythe M. De Marco is a financial adviser with Merrill Lynch Wealth Management in Providence and was recently named by Forbes as a 2020...
SBA: Citizens, BankNewport top list of lenders to R.I. small...
PROVIDENCE – Citizens Bank was the top lender to Rhode Island small businesses through the U.S. Small Business Administration’s 7a loan program from Oct....
Survey: Citizens lags big banks on customer banking advice satisfaction
PROVIDENCE – Big banks’ digital advice offerings make them more popular with customers than their regional bank counterparts, including Rhode Island-based Citizens Bank.
This was...
Are there new options in works for ‘Superman’ building?
Discussions have been rekindled about how to reoccupy the “Superman” building, the iconic Providence skyscraper that’s been empty and dark for seven years. But...
Bank of America eyes growth in employee benefits as Morgan Stanley...
NEW YORK – Bank of America Corp. is seeking to become a one-stop shop for employee benefits.
The Charlotte, N.C.-based lender is uniting its offerings...
BofA leaves CEO’s pay flat at $26.5M after decade at helm
Bank of America Corp. awarded CEO Brian Moynihan $26.5 million for 2019, unchanged from a record amount a year earlier.
Moynihan, 60, received $25 million...
Citizens, Bank of America recognized for largest dividend increases in...
PROVIDENCE – It was a good year to be an investor in Citizens Bank and Bank of America Corp.
The two banks were among the...
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