Bank of America CEO on coronavirus: "This is a war"
The head of the second-largest financial institution in the U.S. says Bank of America is treating the pandemic like a natural disaster.
Bank of America
Bank of America CEO says analysts predict economy will return "late next year"
"There's great debate about how much this will ultimately take", CEO Brian Moynihan told "Face the Nation" on Sunday.
Transcript: Brian Moynihan on "Face the Nation"
The following is a transcript of an interview with Bank of America CEO Brian Moynihan that aired Sunday, April 26, 2020, on "Face the Nation."
Big banks "prioritized greed" in small business aid, lawsuits say
JPMorgan Chase small business client said he applied for loan first day it was available, but money was never approved.
Nation's 4 biggest banks project $71 billion in loan losses
Financial giants including Bank of America, Citigroup and JPMorgan Chase are bracing for massive losses.
Businesses ready for Paycheck Protection Program, but banks aren't
Three of the nation's four largest lenders initially wouldn't take loan applications, leaving borrowers in the dark.
Transcript: Brian Moynihan on "Face the Nation"
The following is a transcript of an interview with Bank of America CEO Brian Moynihan that aired Sunday, March 15, 2020, on "Face the Nation."
Bank of America hiking minimum wage to $20 an hour
It will be first major U.S. financial institution to crack $20 line, reflecting the tight labor market
Bank lending slows, heightening recession fears
Big banks reporting weaker lending even as the Federal Reserve has lowered interest rates to stoke economic growth
Bank of America hiking its minimum wage to $20 an hour
Raise comes as big bank CEOs prepare to appear before Congress to discuss the role of large financial firms
Minimum wage would be $33 today if it grew like Wall Street bonuses have
Wall Street bonuses have increased 1,000 percent since 1985, jumping from about $14,000 to a rich $153,700 per year
Shutdown's drag to worsen, economists warn
The negative impact on GDP will double for every week the impasse continues, Bank of America economists warn
Teen trapped in bank vault
A 17-year-old boy became trapped Wednesday in an abandoned Bank of America vault in Hollywood, Florida.
Teen rescued after getting trapped in abandoned bank vault
Officials eventually contacted the vault manufacturer, and employees who used to service the now-abandoned vault responded
Bank of America ATM mistakenly dispenses $100 bills instead of $10s
The cash machine in Houston was incorrectly loaded, but its lucky customers will get to keep its largesse
State won't do biz with Bank of America, Citi over gun policies
Louisiana treasurer says working with the financial giants isn't "worth giving up our rights"
Lawsuit: Bank of America neglects homes in minority areas
Fair housing groups claim foreclosed properties owned by Bank of America aren't kept up in minority areas
Wells Fargo bans credit card purchases of bitcoin
Citing "multiple risks," bank joins other big financial firms in barring cardholders from buying cryptocurrency
Key stocks slump despite tax-driven earnings boost
Corporate earnings growth overall looks very strong, thanks to tax cuts, but investors are punishing any misses
Stocks surge as China trade war fears ebb
Wall Street's major indexes posted sharp gains of around 3 percent, led by tech and financial stocks
Where you can still find free checking accounts
Many big banking chains offer them for online-only customers, but that's not your only option
3 pros who see a bull market still raring to run
Even the recent turn away from stocks posting ever-loftier records isn't shaking their faith that more highs are ahead
What scandals? Wells Fargo CEO Tim Sloan gets $4.6M raise
Despite the bank's many woes -- and massive fines -- its chief executive got a 35 percent salary increase in 2017
Bank of America's vice chairman on gender equality in financial industry
Anne Finucane, vice chairman at Bank of America, spoke about gender equality in the financial industry on Global GoalsCast
For the stock market, this could be "regime change"
The way Goldman Sachs sees it, the new rule for investors may be to "sell the rallies rather than buy the dips"
House GOP leaders aiming to hold Tuesday vote on Epstein files, sources say
All Democrats and four Republican House members last week successfully brought a petition to the floor to force a vote to release the full Justice Department files on Epstein, circumventing GOP leaders.
Former DOJ pardon attorney criticizes Trump pardon of crypto billionaire
President Trump pardoned the billionaire founder of the largest crypto exchange in the world, Binance. It's raised questions about conflicts of interest and the president's use of the pardon power.
CBS News poll finds GOP, Trump seen as getting more from shutdown deal
Many Americans are "relieved" shutdown is over but expect higher health insurance costs.
U.S. to designate Venezuela's Cartel de los Soles as terrorist organization
The most advanced U.S. aircraft carrier has arrived in the Caribbean Sea in a display of American military power.
Cassidy says he's "very concerned" about possible hepatitis B vaccine schedule change
Republican Sen. Bill Cassidy of Louisiana, a physician whose medical practice focused on hepatitis B, said he's "very concerned" about a potential change to the hepatitis B vaccine schedule for infants.
U.S. strikes another alleged drug boat, killing 3 in Eastern Pacific
The U.S. military conducted a strike on another boat accused of carrying narcotics on board on Saturday, killing three people, U.S. Southern Command announced.
Leader of gang targeted by U.S. captured years after faking his death
Wilmer Chavarriais is believed to be the leader of Los Lobos, a drug trafficking syndicate that was recently designated a terrorist organization by the U.S.
Jets cornerback Kris Boyd critically injured in NYC shooting, reports say
Boyd was reportedly found shot in the abdomen in Midtown Manhattan and was rushed to the hospital.
Shaheen: "We need to put the shutdown behind us, end the circular firing squad"
Sen. Jeanne Shaheen, a New Hampshire Democrat, helped facilitate the deal to end the shutdown last week.