Bank of America Corp

Bank of America (BofA) Global Research has lifted its oil price forecast for this year and next as demand recovers from coronavirus-linked shutdowns, the OPEC+ output cut deal curtails supply, and producers slash capital expenditure.

Bank of America Corp has appointed Brad Kleinsteuber as its head of insurance investment banking in the Americas, according to an internal memo seen by Reuters on Monday, the contents of which were confirmed by a bank spokesman.

Bank of America Corp agreed to pay $7.23 million in restitution and interest to settle a U.S. regulator's accusations that it overcharged customers on mutual funds.

Bank of America Corp agreed to pay $7.23 million in restitution and interest to settle a U.S. regulator's accusations that it overcharged customers on mutual funds.

Bank of America Corp said on Tuesday it is making a $1 billion, four-year commitment to help communities address economic and racial inequality exacerbated by the COVID-19 global pandemic.

Thomas Solomon has decided to step down as head of insurance investment banking in the Americas at Bank of America Corp <BAC.N>, people familiar with the matter said on Wednesday.

Leading emerging countries have burned through $240 billion in foreign exchange reserves over the past two months, Bank of America said on Monday, as central banks look to prop up their currencies and economies in the face of COVID-19.

Bank of America Corp Chief Executive Brian Moynihan said on Friday that the bank is seeing some consumer spending beginning to pick up as some states ease restrictions related to the coronavirus pandemic.

Bank of America Corp <BAC.N> said on Thursday it has 256,000 loan applications ready to be processed by the Small Business Administration, a U.S. government agency that provides support to entrepreneurs and small businesses, as part of the Paycheck Protection Program.

Goldman Sachs <GS.N> has snapped up a Bank of America <BAC.N> dealmaker to build up its industrials team as it seeks to win more business in one of the sectors hardest-hit by the coronavirus outbreak, three sources told Reuters.

Bank of America Corp <BAC.N> reported a 48.5% drop in first-quarter net income on Wednesday, warning that it anticipated a recession because of the novel coronavirus and setting aside an additional $3.6 billion to cover potential losses.

Bank of America Corp recorded a 48.5% fall in quarterly profit as the bank set aside $3.6 billion for potential loan losses tied to the coronavirus pandemic.

Big U.S. banks made a pretty penny in trading during the first quarter as the coronavirus pandemic caused wild market swings, analysts said, but those gains will likely be overshadowed by declines in other businesses and a bleak outlook for the rest of the year.

International Business Machines Corp on Monday named former Bank of America Corp top technology executive Howard Boville head of its cloud business, as Arvind Krishna takes over from long-time chief Ginni Rometty.

President Donald Trump hailed one of the country's largest banks, as well as many small lenders, for making small business emergency loans on the first day of a new U.S. coronavirus economic relief program.

Bank of America Corp Chief Executive Brian Moynihan said the bank has already received roughly 10,000 applications for federally backed small business loans within the first hour of starting to accept them.

Mexico's economy will likely shrink by 8.0% this year due to the effects of the coronavirus crisis and a drop in crude oil prices, Bank of America said on Thursday, slashing its previous forecast for a contraction of 4.5%.

Bank of America Corp <BAC.N> is better positioned to focus on operations rather than financial risk during the coronavirus outbreak, thanks to regulatory safeguards put in place after the financial crisis in 2008, Chief Executive Brian Moynihan said on Friday.

Bank of America Corp's consumer bank has hired 1,700 people in critical support roles so far this month, a spokesman said on Friday, as the industry faces a surge in customer service demand due to coronavirus concerns.