Tag: Brian Moynihan
Bank of America sets right tempo
Brian Moynihan’s slow waltz to safety is clearing some of Bank of America’s dance floor. That might not be such a bad thing.
Bloomberg News...
BofA is said to tap brakes on risk, spurring banker departures
NEW YORK - The message came from one of Bank of America Corp.’s most powerful board members across large video screens: “We’re not going to...
Bank of America’s cost-cutting drive pushes profit to record
NEW YORK - Bank of America Corp. hit a new milestone in its years-long effort to get costs under control.
First-quarter expenses totaled about 60 percent...
BofA has ways to go to hit $53B cost target this...
NEW YORK - Bank of America Corp. once excited investors by pledging steep cost cuts by the end of this year. It still has a...
BofA profit best in six years as rising rates lift revenue
NEW YORK - Brian Moynihan’s efforts to boost Bank of America Corp. profit through cost cutting finally got some help from interest rates. The lender...
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...
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...
