Bank of America News

With 242,000 employees and 48 million consumer and small business customers, it is not surprising that so many people want to stay up-to-date with Bank of America news. That's why Wiser created this specially tailored daily email digest. When measured by assets, Bank of America is the second largest bank holding company in the United States. And with about 12% of all US bank deposits on its books, it is firmly one of the big four banks. It is based in Charlotte in North Carolina and, in its current form, was incorporated in 1998. However, it traces its origins back to 1874. Today the chairman and CEO is Brian Moynihan. The company has come through a lot of change over recent years, from downsizing its American operation to selling off stakes in foreign banks. And, like other major banking institutions, it is often in the regulatory spotlight. In addition, it is adjusting to the technological age as increasing numbers of people choose to bank on computers and mobile devices. Staying current with these developments has never been easier - all you have to do is sign up for the free daily Bank of America news email from Wiser today.

Recent Bank of America News Coverage
 
Your Weekly Recommendations Monday, February 19, 2018
 
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NoMad hotel joins crop of boutique inns giving second life to L.A.'s historic office buildings
Los Angeles Times • Roger Vincent
Coinbase Promises Refunds After Repeatedly Charging Users Erroneous Fees
Entrepreneur Magazine • Mariella Moon
Citigroup raises CEO Corbat's pay 48 percent to $23 million
Reuters
Citigroup Lifts Corbat's Compensation 48% to $23 Million for 2017
Bloomberg • Jennifer Surane
DealBook Briefing: Has ‘Buy the Dip’ Run Its Course?
The New York Times
Goldman Sachs CEO Blankfein received a $2 million pay bump in 2017
CNBC • Terri Cullen
WeChat Pay Launches Promotion For Chinese Lunar New Year
PYMNTS.com • Pymnts
BofA Community Development Banking Has Record 2017
PYMNTS.com • Pymnts
Fraud-hit PNB looking to monetise assets: Source
The Economic Times of India
Sensex tanks 287 pts, but holds above 34,000; Nifty hits 1-month low
The Economic Times of India • Nishant Kumar
 
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Accommodations & Lodging, Bank of America
NoMad hotel joins crop of boutique inns giving second life to L.A.'s historic office buildings
Los Angeles TimesRoger Vincent
The Bank of Italy once owned one of the finest office buildings in downtown Los Angeles, a 12-story neoclassical monument built in 1923 with towering Doric columns, an ornate, gold-ceilinged lobby and marble floors. By the late 20th century, however, it had...
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American Express Co, Bank of America
Coinbase Promises Refunds After Repeatedly Charging Users Erroneous Fees
Entrepreneur MagazineMariella Moon
This story originally appeared on Engadget A number of Coinbase customers found themselves hit with duplicate charges for a single card-based purchase over the past few days. Some even reported losing tens of thousands after being charged 17, even 50, times. In...
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Bank of America, Citigroup Inc
Citigroup raises CEO Corbat's pay 48 percent to $23 million
Reuters
NEW YORK () - Citigroup Inc (C.N) raised Chief Executive Officer Michael Corbat’s annual compensation by 48 percent to $23 million for 2017, a year in which the bank made more money from operations but still fell short of earlier targets. Directors...
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Bank of America, Citigroup Inc
Citigroup Lifts Corbat's Compensation 48% to $23 Million for 2017
BloombergJennifer Surane
Citigroup Inc. Chief Executive Officer Michael Corbat received $23 million in compensation for 2017, a 48 percent increase from a year earlier and the biggest pay package he’s received since taking the top job. Corbat, 57, got a $1.5 million salary and...
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Bank of America, Finance
DealBook Briefing: Has ‘Buy the Dip’ Run Its Course?
The New York Times
Happy Friday. Here’s what we’re watching: • The heads of Citi and Goldman took home healthy pay raises last year. • Qualcomm didn’t categorically say no to Broadcom’s latest offer. • What financial regulation could look like post-Brexit. • Look who bet...
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Bank of America, Financial Regulatory Bodies
Goldman Sachs CEO Blankfein received a $2 million pay bump in 2017
CNBCTerri Cullen
Goldman Sachs CEO Lloyd Blankfeinwas paid $24 million in total compensation in 2017, according to a Securities and Exchange Commission filing. His pay was up from the $22 million in salary and bonuses he was paid in 2016, though his base salary...
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American Express Co, Bank of America
WeChat Pay Launches Promotion For Chinese Lunar New Year
PYMNTS.comPymnts
WeChat Pay, the mobile payment arm of China’s WeChat, is running promotions to celebrate the Chinese Lunar New Year, also referred to as the Spring Festival. Mobile Payments Today reported that WeChat Pay will provide Chinese tourists with the chance to receive...
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Bank of America, Charter Schools
BofA Community Development Banking Has Record 2017
PYMNTS.comPymnts
Bank of America Merrill Lynch’s Community Development Banking (CDB) announced news on Thursday (Feb. 15) that 2017 was a record year for the firm. The CDB provided $4.53 billion in loans, tax credit equity investments and other real estate development solutions. In...
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Bank of America, Credit Cards
Fraud-hit PNB looking to monetise assets: Source
The Economic Times of India
India's fraud-hit Punjab National BankBSE -2.10 % is considering monetising its real estate assets, including a giant office space in New Delhi worth an estimated 50 billion rupees ($778.63 million), a bank source with direct knowledge of the matter told Reuters. The...
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Bank of America, Credit Cards
Sensex tanks 287 pts, but holds above 34,000; Nifty hits 1-month low
The Economic Times of IndiaNishant Kumar
NEW DELHI: PNB scam came back to haunt Dalal Street investors on Friday, as benchmark indices reversed early gains to end nearly a per cent lower, bogged down by losses in frontline bank stocks such as SBI and YES Bank. Heavy selling...
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