Monday, May 17, 2021

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BANK OF AMERICA CORP. posted a second quarter decline in interest income despite speculation that the bank would heavily profit from rising federal interest rates. / BLOOMBERG FILE PHOTO/RON ANTONELLI

BofA’s interest income declines even after Fed rate hikes

NEW YORK - Bank of America Corp.’s expected bonanza from rising interest rates has stalled. The lender, viewed as the most sensitive to rate changes...
BERKSHIRE HATHAWAY INC. announced that it will convert its preferred stock into common shares. As it stands, Berkshire Hathaway would then become Bank of America's largest shareholder. /BLOOMBERG FILE PHOTO/DAVIS TURNER

Buffett about to reap $12 billion profit on Bank of America...

NEW YORK - Warren Buffett’s bet on Bank of America Corp. is about to pay off with a roughly $12 billion windfall. The billionaire plans...

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