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The Latest Breaking News from Bank of America

WA's stolen unemployment money trickling in 3 years later

Nearly three years after thieves stole $645 million in pandemic unemployment benefits from Washington state, investigators are still clawing back funds frozen in fraudsters' bank accounts.

Tribune News Service

Analysis-Russian gas supply gap casts chill in Europe as winter nears

Europe needs to pay up to import liquefied natural gas, pray for a mild winter and cut energy demand as any sabotage of infrastructure or even deeper cuts to Russian supply would make power rationing or blackouts all but inevitable.

Reuters

Check Out What Whales Are Doing With BAC

Someone with a lot of money to spend has taken a bearish stance on Bank of America (NYSE:BAC). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga

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Do you use Zelle? Here's how to spot increasingly common scams

Credit cards and digital payment apps such as PayPal offer some distinct advantages over cash, including the ability to recover money paid to scammers.

Los Angeles Times

Liz Truss’s economic plans are more anti-growth than those of her critics

The Guardian - UK

Gresham’s Healthy Lifestyle Hub prepares to open

The century-old building, vacant for 25 years, will house a number of businesses and have University of Illinois Health as an anchor tenant.

Chicago Sun-Times

What Are Whales Doing With Bank of America

A whale with a lot of money to spend has taken a noticeably bullish stance on Bank of America. Looking at options history for Bank of America (NYSE:BAC) we detected 12 strange trades.

Benzinga

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Dollar strength "fully justified" as bulls likely to keep running

Dollar strength, uninterrupted.

Axios

Mirror apologises for using picture of wrong person in Kwasi Kwarteng story

Tabloid says sorry after chancellor tweeted: ‘That isn’t me’ above screenshot of online story

The Guardian - UK

Is 2023 The 'Trickle-Down Year' For NOV? Why This Wall Street Analyst Is Bullish

Bank Of America analyst Chase Mulvehill upgraded NOV (NYSE: NOV) with a price target of $19. Key Takeaways: "Trickle-down on the move; upgrade to Buy," Mulvehill said in a note.

Benzinga

Keir Starmer calls for emergency Parliament recoil amid turmoil in UK financial markets

‘What the Government needs to do now is recall Parliament and abandon this budget’

Evening Standard

Looking At Bank of America's Recent Whale Trades

A whale with a lot of money to spend has taken a noticeably bullish stance on Bank of America. Looking at options history for Bank of America (NYSE:BAC) we detected 22 strange trades.

Benzinga

Large Wall Street firms fined $1.8bn in US over lax recordkeeping

NEW YORK: Large Wall Street firms agreed to pay $1.8 billion in fines over failures to keep electronic records such as text messages between employees on personal mobile phones, US authorities announced Tuesday.

Bangkok Post

Economy and Society, September 27, 2022: House Financial Service Committee addresses ESG

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.

Ballotpedia

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Salon

GOPer brags aide leaving for Wall Street

"And her father already works for us," Bank of America CEO boasted in chummy exchange

The Independent UK

Top US bank CEOs warn they can stop working with China if Taiwan is invaded

‘We will follow government’s guidance which has been for decades to work with China’

Benzinga

That iPhone May Not Cost You $1,000: A 'Sticky Ecosystem' Is A Boon For Cell Phone Carriers

Apple Inc. (NASDAQ: AAPL) recently released its latest iPhone 14 models and Bank of America analyst Wamsi Mohan said Wednesday that carrier promotions are making the devices more affordable than shoppers may expect in the inflationary environment.

Reuters

U.S. bank CEOs back Fed hikes during congressional grilling on economy, China ties

The country's top bank chiefs endorsed U.S. Federal Reserve rate hikes as a means to tame soaring inflation, while acknowledging there will be pain ahead, when appearing before Congress during a wide-ranging and mostly sedate hearing on Wednesday.

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The Independent UK

Wall Street CEOs return to Capitol Hill as election looms

In what has become an annual ritual, the CEOs of the major U.S. banks will appear in front of Congress this week, to sell themselves as shepherds of a helpful industry at a time of financial and economic distress for many Americans

Benzinga

Check Out What Whales Are Doing With BAC

Benzinga

Bank of America Whale Trades For September 15

A whale with a lot of money to spend has taken a noticeably bullish stance on Bank of America. Looking at options history for Bank of America (NYSE:BAC) we detected 14 strange trades.

Benzinga

4 Starbucks Analysts React To Investor Day: 'Attractive Risk-Reward And Valuation'

Starbucks Corporation (NASDAQ: SBUX) shares traded high by 1.2% on Wednesday after the company held its first investor day event since announcing Laxman Narasimhan will be taking over as the new CEO.

Bangkok Post

Gen Z struggles to save as inflation refuses to stop trending

Generation Z (Gen Z) is struggling to save and meet its financial goals in a world gripped with decades-high inflation and challenging economic conditions, a Bank of America survey showed on Tuesday.

Benzinga

Check Out What Whales Are Doing With BAC

Someone with a lot of money to spend has taken a bullish stance on Bank of America (NYSE:BAC). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

WEKU

What Bank of America's mortgage pilot can and can't fix for homeownership disparities

The company says it hopes to help Black and Latino borrowers buy houses and build wealth with its new pilot program. Experts say it's a start, but doesn't go far enough.

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