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Bank of America’s 100-hour cap became a company norm in 2014, after a 21-year-old intern in the London office named Moritz Erhardt died on the job a year earlier.
The Bank of America boss said that at this time last year, the bank's team of analysts expected the economy to slide into a recession – generally defined as a decline in gross domestic product ...
According to Moynihan, Bank of America’s 60 million retail customers are spending 3% more than they did this time last year, but that rate of growth represents half of what it once was following ...
The Bank of America Corporation (often abbreviated BofA or BoA) is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina, with investment banking and auxiliary headquarters in Manhattan. The bank was founded by the merger of NationsBank ...
The stock market has had a stellar run in 2023, and the equity strategy team at Bank of America expects another strong year in 2024 will send the S&P 500 ( ^GSPC) to a record high of 5,000. In a ...
Ken Lewis (executive) Kenneth D. Lewis (born April 9, 1947) is the former CEO, president, and chairman of Bank of America, currently the second largest bank in the United States [ 1] and twelfth largest by total assets in the world. [ 2] While CEO of Bank of America, Lewis was noted for purchasing the failing companies Countrywide Financial and ...
Brian Thomas Moynihan (born October 9, 1959) [ 1] is an American lawyer, investment banker and businessman who is the chairman and CEO of Bank of America. He joined the board of directors, following his promotion to president and CEO in 2010. [ 2][ 3][ 4] He is a member of the Council on Competitiveness [ 5] and Partnership for Rhode Island ...
Bank of America’s net income fell to $6.89 billion, which was slightly better than expectations, while rising 3% from the first quarter. Its total revenue of $25.37 billion rose slightly from a ...