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BANK OF AMERICA reported a profit of $7.31 billion in the first quarter. / BLOOMBERG NEWS FILE PHOTO/RON ANTONELLI/GETTY IMAGES

BofA posts record profit as higher rates fuel consumer unit

NEW YORK - Bank of America Corp.’s consumer bankers outdid their colleagues in trading for the second quarter in a row as the company...

Better Markets report criticizes megabanks for misdeeds

PROVIDENCE – While CEOs of the nation’s biggest banks appeared before Congress last week in hopes of making a case that regulatory reforms since...
BANK OF AMERICA CORP. plans to raise its minimum wage to $20 an hour over two years. / BLOOMBERG NEWS FILE PHOTO/JIN LEE

BofA to increase minimum wage to $20 an hour over two...

NEW YORK - Bank of America Corp., the second-biggest U.S. lender, plans to raise its minimum wage to $20 an hour over two years. The...
BRIAN MOYNIHAN received $25 million in stock grants and a $1.5 million salary in 2018. / BLOOMBERG NEWS/SIMON DAWSON

BofA boosts Moynihan’s pay to record $26.5M for last year

NEW YORK - Bank of America Corp. awarded CEO Brian Moynihan a record $26.5 million for 2018, a 15 percent increase from a year earlier. Moynihan,...
BANK OF AMERICA Corp. CEO Brian Moynihan predicted another round of consolidation in the U.S. that could lead to the emergence of a new competitor, speaking on a panel at the World Economic Forum in Davos, Switzerland. / BLOOMBERG NEWS FILE PHOTO/JASON ALDEN

BofA’s Moynihan predicts another round of U.S. bank mergers

NEW YORK - Bank of America Corp. CEO Brian Moynihan predicted another round of consolidation in the United States that could lead to the emergence...
BANK OF AMERICA reported a net income of $7.3 billion. / BLOOMBERG NEWS FILE PHOTO/RON ANTONELLI

BofA’s retail bankers save day for beleaguered bond traders

NEW YORK - Bank of America Corp.’s consumer bankers saved the day for their bond-trading colleagues. The company’s retail-banking business saw a 5 percent jump...
INDUSTRY SPECIALIST: Nina Kollars of the U.S. Naval War College in Newport speaks to the audience during the 2018 PBN Cybersecurity Summit at the Crowne Plaza Providence-Warwick in Warwick on Oct. 11. / PBN FILE PHOTO/MIKE SKORSKI

Technology at heart of R.I.’s economic growth

Technology giant Infosys Ltd.’s expected arrival in Providence brings the promise of up to 500 new jobs by 2023. The India-based company’s partnership with Rhode...
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...

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