Bank of America

Day Before Biden: Top 5 Stock Gainers in Pre-Market

A day before President-elect Joe Biden is set to be inaugurated. The stock market is bringing great values. Here are the top five biggest gainers, this week.

Major U.S. Banks Raise Prime Rates After Federal Reserve Hike

Major U.S. banks raised their prime rates, a benchmark for a wide range of consumer and commercial loans, for the first time since 2006 on Wednesday, following a rate hike from the Federal Reserve. While the Fed has no direct influence on the prime rate, it is typically closely correlated to changes in the target federal funds rate.

More Entities Oppose Bank of America Board's Proposal That Turns Moynihan both Chairman and Chief

More and more entities are against the Bank of America board’s proposal that would let Brian Y. Moynihan both the chief executive officer and chairman of the bank.

Tech companies are next targets for overtime pay cases - Oakland Labor Lawyer

Lawyer Bryan Schwartz recently won a settlement from the Bank of America worth $36 million for failing to pay employees the proper overtime rates. Schwartz said overtime cases will hit tech industries next.

Women executives in Charlotte share their stories; how they get on top?

Women executives of Charlotte, North Carolina shared their stories and experiences in their careers in a recently held Charlotte Chamber's "Women Who Lead".

Bank of America CFO exits in management shake-up

In a move to restructure top management positions, Bank of America CFO Bruce Thompson and vice-chairman David Darnell to step down. Paul Donofrio was appointed as the new CFO.

Latest Stories

Brothers Arrested After Planning to Steal $25M in Cryptocurrencies from Ethereum Blockchain

According to a recently released indictment, two brothers from New York and Boston were placed under federal arrest on Tuesday.

Don’t Sweat the Bills: Resources to Help You Pay for Utilities

The most recent data from the Consumer Price Index shows that, from March 2023 to March 2024, the index for electricity increased by 5%, which is more than economists would want to see. (Electricity rates increased by 0.9% from February to March 2024.)

Social Security 2025: Cost-of-Living-Adjustment Increased to 3.2%, But Will It Keep Up?

After the government announced that April inflation was in line with experts' predictions, the most recent estimate of Social Security's cost-of-living adjustment 2025 increased to 3.2%, according to new figures released on Wednesday.

Real Estate Not Stocks Give the Greatest Long-Term Investment, Survey Shows

According to a recent Gallup poll, even though the majority of Americans have money stashed away in the stock market, they don't think it makes the greatest long-term investment. What then is it?

Hong Kong's Status as an International Financial Center at Crossroads

Hong Kong lost its status as a global financial hub amidst shifting rankings and regulatory hurdles. Read the implications of China's tightening grip and cross-border capital flow uncertainties.