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The Latest Breaking News from Bank of America

Bank hours on Dec. 23 and Christmas Eve 2023: Bank of America, Chase, Wells Fargo, and more

It’s your last chance to do any banking business until Tuesday.

Fortune

Cash Reigns Supreme as 2023's Flow Champion - BofA

Get ready to cash in on the global markets as Bank of America forecasts cash flows to be the big winners of 2023. Discover the key insights and strategies ...

Top News

Panthers, Bank of America extend stadium naming rights agreement

The Panthers and Bank of America announced an extension for the team's stadium naming rights on Wednesday.

USA Today Sports Media Group

Homebuyers Don’t Want To Keep Waiting For Mortgage Rates To Fall, Study Finds

Fewer prospective homebuyers are being scared off now by high mortgage rates, according to a Bank of America survey.

Kiplinger

Waukegan bank robber sought

The FBI is looking for a man who held up a Bank of America branch at 920 South Waukegan Road on Saturday.

Chicago Sun-Times

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Exploring the Investment Appeal of JPMorgan (JPM) and Bank of America (BAC)

Having weathered numerous challenges that tumultuously affected bank stocks earlier this year, is the coast clear to dive into this sector? Unfortunately, the answer is not so straightforward. With the uncertainties looming, let’s examine the current landscape of the U.S. banking industry and discuss the investment appeal of bank stocks…

StockNews.com

Alaska Airlines to Buy Hawaiian: Get Bonus Miles Now

How to use the Alaska Airlines credit card and frequent flyer program to save on trips to Hawaii, Alaska and beyond.

Kiplinger

Elizabeth Warren and Wall Street just declared a truce: ‘I am not usually holding hands with the CEOs of multibillion-dollar banks’

The Massachusetts senator known for being tough on the financial industry has a new target in her sights.

Fortune

Big Bank CEOs Testify Against Basel III Endgame Before Senate Committee

The CEOs of eight top banks visited Capitol Hill on Wednesday to testify against Basel III Endgame, the final stages of regulations in the works for 15 years.

International Business Times

Sen. Robert Menendez, facing bribery charges, stumps bank CEOs by asking how much their firms paid in settlements for allegedly ripping off consumers

The indicted senator expressed staunch support for the CFPB, which is under a legal threat of its own.

Fortune

Big bank CEOs warn that new regulations may severely impact economy

The heads of the nation’s biggest banks say there are reasons to be concerned about the health of U.S. consumers _ particularly poor and low-income borrowers _ in their annual appearance in front of Congress on Wednesday

The Independent UK

Bank of America CEO Brian Moynihan says YOLO spenders aren't wrung out just yet: 'They're in pretty decent shape'

"The way consumers are spending money is leveling out. But all in all, in pretty decent shape."

Fortune

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Barchart

Is This Warren Buffett Stock Under $50 a Good Buy Right Now?

Warren Buffett's second-largest equity holding after Apple could be due for a comeback year in 2024, especially if rate cuts play out as expected.

Fortune

Older millennials are ‘feeling the hit’ in this housing market, BofA finds—and a lot of it has to do with student debt

The housing market is uneven, according to the Bank of America Institute, and millennials 35 and older “face a bigger financial burden.”

Fortune

This cash back credit card from Bank of America pays up to 2% back

Get 2% back—or more—plus premium travel benefits for a low annual fee.

Fortune

Starbucks founder Howard Schultz: 'You can do right by your people and your shareholders at the same time'

The American Opportunity Index from the Schultz Family Foundation highlights exactly that.

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news in one place.

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Kiplinger

Bank of America Fined $12M for Reporting False Mortgage Data

Bank of America fined over routinely filing false mortgage lending data to the government, the CFPB says.

Fortune

Unique 3% cash-back categories for flexible spending

The Bank of America Customized Cash Rewards card offers flexible 3% cash-back categories plus up to 75% more rewards for BofA Preferred Rewards members.

The Texas Tribune

Despite strong economy, Texas cities grapple with excess office space

As remote and hybrid working become the new normal, major Texas cities are facing a decline in office tenants. It’s too soon to tell what that means for the vitality of downtowns.

The Guardian - UK

Most sponsors of Cop28 have not signed up to UN-backed net zero targets

Firms including Bank of America have made no commitment to cut emissions in line with target system, analysis finds

International Business Times

Bank of America To Pay $12 Million Fine For Inacurate Mortgage Data

The bank failed to accurately reported answers on demographic data that can be used to identify possible discriminatory practices, CFPB said.

Fortune

Avoid a hard pull on your credit with preapproved card offers

See which providers that offer preapproval for select cards, without doing a hard inquiry that impacts your credit score.

StockNews.com

Are Bank of America (BAC) and M&T Bank (MTB) Still Wise Investment Choices?

The central bank officials have recently expressed little interest in cutting rates anytime soon. With the recent Fed meeting minutes suggesting a continuation of a “restrictive” policy, rates will likely remain higher for longer. In this piece, I have discussed how the U.S. banking industry is expected to perform amid…

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