Bank of America

Analysis: 100 banks, 1,000 suspects: German fraud probe puts Scholz on the spot

German chancellor Olaf Scholz faces lawmakers' questions this week over his role in tackling a multibillion-euro tax fraud as a…

3 years ago

Bank data shows U.S. consumer financial health holds up amid rising inflation

Americans' financial health held up well in the second quarter even as inflation sent gas and grocery bills higher and…

3 years ago

Analysis: Chevy’s electric Blazer SUV fights to stand out in a crowd

General Motors Co's (GM.N) electric Chevy Blazer SUV will be vital to the automaker's effort to catch Tesla Inc in the U.S.…

3 years ago

With IPOs on ice, banks’ stock offering fees plummet

Recession fears and Russia's invasion of Ukraine sent a chill through equity capital markets (ECM) in the second quarter, depriving…

3 years ago

Analysis: Global investment banking faces tougher times after blockbuster year

A dearth of IPOs, a plunge in stock prices and slowing global economic growth are clouding the outlook for revenue…

3 years ago

Oil slides on release of strategic reserves and China lockdowns

Oil prices dropped by more than $2 a barrel on Monday after a second straight weekly decline on plans to…

4 years ago

Interest rates are likely to be raised by the Federal Reserve

The crisis in Russia-Ukraine continues to dominate the market. Investors may have to be satisfied with the Federal Reserve's first…

4 years ago

Bank of America, Wells Fargo scrap some overdraft fees as regulatory scrutiny grows

Wells Fargo & Co and Bank of America (BAC.N) will no longer charge customers for bouncing checks and are adopting new policies…

4 years ago

EXCLUSIVE Morgan Stanley to award bonus rises of over 20% on Thursday to top performers -sources

Morgan Stanley (MS.N) will raise its annual bonus for top-performing staff on Thursday by more than 20%, people with direct knowledge of…

4 years ago

Factbox: U.S. banks tighten COVID-19 precautions as Omicron variant spreads

U.S. banks have been more proactive than other industries in encouraging employees back to the office, but those plans have…

4 years ago