BofA Looks to Add Three Mass. Branches After Closing Seven
Bank of America is investing $100 million in its branch network in Massachusetts from 2023 to 2025, for new branch establishments and renovations.
CFPB Orders Bank of America to Pay $12M for False Reporting of Mortgage Data
The Consumer Financial Protection Bureau has ordered Bank of America to pay a $12 million penalty for falsely reporting mortgage applicants’ data from 2016 to 2020.
BofA Hit with $250M Fines for Fees, Opening Accounts Without Consent
Bank of America must pay around $150 million to customers for doubling up on some fees, withholding reward bonuses and opening accounts without customer consent.
BofA Profits Fall as Bank Sets Aside Money for Downturn
Bank of America’s profits fell by 8 percent in the third quarter as the bank set aside cash to cover potential loan losses.
BofA CEO: Struggling Americans Feel They Are in a Recession
The CEO of Bank of America said the recent debate over whether the U.S. economy is technically in a recession or not is missing the point. What matters is that current economic conditions are negatively impacting those who are most vulnerable.
Small Business Loans Launch, Hit Snags
The federal government’s $349 billion relief program for small businesses got off to a rocky start Friday as hundreds of thousands tried to apply for desperately needed loans.
Local Banks, National Lenders Fill Mortgage Gap Post-Recession in Greater Boston
Local banks and national nonbank lenders have capitalized on new conditions in Greater Boston’s supply-constrained and super-charged housing market, beating out big banks for mortgage marketshare in the decade since the subprime mortgage crisis.
BofA’s Merrill Admits Misleading Customers, to Pay $42M SEC Fine
Bank of America Corp.’s Merrill Lynch unit admitted to misleading brokerage customers about which firms processed their trades and agreed to pay a $42 million fine under a settlement with the U.S. Securities and Exchange Commission announced on Tuesday.
BofA Must Face Fraud Lawsuit By Construction Company Over Debt Sales
A U.S. appeals court on Monday revived a lawsuit accusing Bank of America Corp. of defrauding Tutor Perini Corp. by selling the construction company millions of dollars of auction-rate securities it knew were on the brink of collapse.
Bank Of America Targets Wealthiest Clients With More Advisers
Bank of America Corp.’s U.S. Trust business plans to...
BofA Survey: As Election Looms, Small Biz Outlook Dampens
Boston small business owners feel pretty good about...
Bank Of America Hit By Weak Trading, Provisions For Energy Loans
Bank of America Corp., the No. 2 U.S. bank by assets,...
BofA Profit Up As Costs Drop, Revenue Rises In Most Businesses
Bank of America Corp., the No. 2 U.S. bank by assets,...BofA Directors Lose Support From Shareholders
Four Bank of America Corp. directors on the...NYT: BofA Merrill Hires Equity Capital Markets Banker From Goldman
Bank of America Merrill Lynch has hired Michael Wise...NYT: BofA Merrill Hires Equity Capital Markets Banker From Goldman
Bank of America Merrill Lynch has hired Michael Wise...BofA Skips Vote Sought By Funds On CEO’s Roles
Bank of America Corp. will not hold a shareholder...Merrill Lynch Fined $2.5M In Mass
Massachusetts’ top securities regulator on Monday said that he has fined Bank of America’s Merrill Lynch unit $2.5 million for failing to stick to its own compliance rules.
