Bank of America

Markets

BlackRock Strikes Deal With Banks to Provide Closely Held Bond Price Data

Photo by Hapabapa via iStock

Real-time prices for corporate bonds are hard to come by. A handful of banks want to bring the closely guarded data into the 21st century.

1 min read
Markets

Trading Windfall Pushes Wall Street to Surprisingly Strong Quarter

Photo by Brendon Spring via Pexels

How’d the financial giants — namely, Goldman Sachs, Citigroup, and Bank of America — make out this quarter? Surprisingly well, it turns out.

2 min read
Banking

Big Banks are Falling in Love with Mid-Sized Companies

Photo by Ikechukwu Julius Ugwu via Unsplash

Wall Street’s biggest banks are increasingly working with mid-sized companies — much to the chagrin of mid-sized and boutique banks.

2 min read
Personal Finance

More Working People Feel Good About Their Finances

Photo by Amy Hirschi via Unsplash

The percentage of US employees who think their financial well-being is good or excellent rose to 47%, up from 42% a year ago.

1 min read
Banking

US Banks Push Back on High Severance Costs in Paris

Photo by Rodrigo Kugnharski on Unsplash

The Americans have warned that further inroads to France’s capital may not happen without some dismissal-pay flexibility.

2 min read
Banking

Blackrock, Vanguard and State Street Face Probe Over Bank Stakes

Photo by Nikhilesh De / CoinDesk via CC BY 2.0

The FDIC is investigating Blackrock, Vanguard, and State Street over their large investment stakes in major US banks.

1 min read
Artificial Intelligence

The SEC Probes AI Use at Investment Advisory Firms

Photo by APK via CC BY-SA 3.0

As the world of high finance ushers in an era of AI, the SEC has begun investigating how investment advisory firms use the technology.

2 min read
Regulation

Washington Wants More Rules, Bankers Have Concerns

Photo by Ian Hutchinson via Unsplash

Top bosses from eight major financial institutions appeared before a Senate committee to give their opinion on looming banking reforms.

2 min read
Banking

Banking’s Fantastic Four Grab a Bigger Share of Industry Profits

(Photo by Kenny Eliason on Unsplash)

Of the roughly 4,400 operating banks in the US, nearly half of all banking profits in the third quarter came from just four.

2 min read
Finance

Berkshire Hathaway Has Built a Massive Mountain of Cash

(Photo Credit: Serba Sembilan/Unsplash)

Berkshire Hathaway’s third-quarter earnings report on Saturday revealed how Warren Buffett weathered the past three months.

2 min read
OP-ED | Power Corridor

Wall Street’s Top Banks Fined $53 Million in Regulatory Spanking

Photo by Martin Ceralde on Unsplash

Wall Street’s Top Banks Fined – CFTC ordered Goldman to pay $30 million, JP Morgan $15 million, and Bank of America $8 million.

2 min read
Banking

Lower Recession Fears are Reviving Risky Loans

(Photo Credit: Tierra Mallorca/Unsplash)

2 min read
Economics

We Are in a Recession, If You Ask High-Earning Americans

(Photo Credit: Alexander Grey/Unsplash)

2 min read
Finance

Online Banks Are Winning This Year’s Deposit Wars

(Photo Credit: Alexander Grey/Unsplash)

2 min read
Technology

Computers Might be the Last Bulls Standing

Photo credit: Oren Elbaz/Unsplash

1 min read
Finance

What’s Eating Warren Buffett?

(Photo Credit: Serba Sembilan/Flickr)

2 min read
M&A

First Republic Auctioned to JPMorgan Chase

2 min read
M&A

Investment Bank Centerview Jumps Ahead in Deal Rankings

(Photo Credit: Luis Garcia-Fanjul/Flickr)

1 min read
Power Corridor

Jamie Dimon, Banking Crisis Action Hero?

(Photo credit: Joe Mabel/Flickr)

4 min read
Banking

Investors Pour into Money Market Funds Amid Bank Crisis

Image Credit: iStock, Andrey Maximenko

1 min read