The Latest Breaking News from Bank of America

There remains a scenario where Dan Snyder simply goes through the motions of preparing for a sale of the Commanders before keeping the team after all.

“The Fed cannot say publicly what I can say, and what others have said, which is that until we get unemployment to about 6%, we’re not likely to get inflation down appreciably,” he said.

Many of Bank of America’s peers at Goldman Sachs and Morgan Stanley have already started culling their employees as dealmaking dries up.

CEO Scott Kirby also suggested that the shift to hybrid work would help the airline, as it "makes every weekend a holiday.”

Asian investors extended a sell-off across global markets Wednesday while oil held losses on growing fears Federal Reserve monetary tightening will tip the US economy into recession. The drop followed another day deep in the red for New York's three main indexes after the heads of Wall Street's leading banks…

“The belief was when the Fed started raising rates that there would be an immediate snap to the economy,” Brian Moynihan said. “That didn't happen.”

WASHINGTON — Apple Chief Executive Officer Tim Cook, Bank of America CEO Brian Moynihan, KKR and Co. co-founder Henry Kravis and film producer Jeffrey Katzenberg were among the guests Thursday at President Joe Biden’s first state dinner honoring French President Emmanuel Macron.

Bank of America says a “mild recession” will raise the unemployment rate to 5.5% next year and cool inflation.

Michael Conley Loyd, 30, from Missouri, stormed into a Bank of America branch in Springfield in July, 2021, stole $754 and quickly escaped in a stolen black pickup truck