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DATA DRIVEN: Brian Moynihan, Bank of America Corp. chairman and CEO, says consumer spending increased in the fourth quarter of 2021 and the numbers show that it will likely continue to climb. / PBN FILE PHOTO/RUPERT WHITELEY

Bank of America’s Moynihan: Consumer spending up, but debt isn’t

As CEO of Bank of America Corp. since 2010, Brian Moynihan has been largely credited with rebuilding the bank after the Great Recession and...
A BIG BOOST: Bank of America Corp.’s diversity recruitment efforts include hiring 10,000 people companywide from low- to moderate-income communities. Among the bank’s local diversity and inclusion leaders walking from its corporate facility in Lincoln are Kate DeTora, vice president of financial solutions, center; Phoebe E. Peck, vice president of financial solutions, far left; and Eliza Sharrah, fraud communications strategy program manager, far right. / PBN PHOTO/ELIZABETH GRAHAM

A commitment that adds to the bottom line

PBN Diversity and Inclusion Awards 2021 Financial Services: Bank of America Corp. Kevin P. Tracy, president of Bank of America Corp.’s Rhode Island market, says...

BofA posts nearly $8B Q3 profit

PROVIDENCE - Bank of America Corp. on Thursday reported third-quarter earnings of $7.7 billion.  The earnings represent a 57.6% increase over the $4.9 billion profit...

Bank of America’s Moynihan points to signs of economic recovery in...

WOONSOCKET – Bank of America Corp. Chairman and CEO Brian T. Moynihan offered a rosy outlook for 2021 predicated upon the country’s ability to...

Bank of America announces employee cash bonuses, stocks

PROVIDENCE – Bank of America Corp. recently announced it would distribute cash bonuses and restricted stock units to eligible employees worldwide. In a letter to...
BANK OF AMERICA CEO Brian Moynihan will be the keynote speaker at the Northern Rhode Island Chamber of Commerce 20th Annual Celebration on Feb. 10. / PBN FILE PHOTO/RUPERT WHITELEY

BofA’s Moynihan to be keynote speaker at Northern R.I. Chamber event

LINCOLN – Bank of America Corp. Chairman and CEO Brian Moynihan will be the keynote speaker at the Northern Rhode Island Chamber of Commerce...

Bank of America 4Q profit falls 18% on lower interest rates

CHARLOTTE, N.C. (AP) – Bank of America Corp.’s fourth-quarter profits fell 18% from a year ago, as lower interest rates weighed down its results....
BANK OF AMERICA posted a $4 billion profit in the first quarter of 2020, reflecting a sharp increase in funds set aside for bad loans. AP FILE PHOTO/STEVEN SENNE

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...
BANK OF AMERICA CEO Brian Moynihan received $26.5 million in total compensation in 2019. / BLOOMBERG NEWS FILE PHOTO/SIMON DAWSON

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...
BANK OF AMERICA will give $1,000 in December to eligible employees who earn $100,000 or less annually, while higher-paid staff will receive a stock award next year, as part of a special bonus program that is has also offered in the previous two years. / BLOOMBERG NEWS FILE PHOTO/JIN LEE

Bank of America to pay special bonuses for third year after...

NEW YORK – Bank of America Corp. plans to pay its employees special bonuses for a third straight year after reporting record earnings in...

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