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The Latest Breaking News from Bank of America

Zelle users report outage with bank-to-bank payment system

On Wednesday, Bank of America customers complained on Twitter about missing money

The Independent UK

Report: Dan Snyder plans to sell ‘majority stake in the’ Commanders

it doesn't mean that Snyder isn't selling the entire team.

USA Today Sports Media Group

Big C lining up banks for B30bn IPO

Big C Supercenter Plc has picked Bank of America and UBS Group to advise on an initial public offering expected to be worth at least 30 billion baht, according to people with knowledge of the matter.

Bangkok Post

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Fund managers’ recession fears 'a lot less bearish' than 2022—but faith in U.S. stocks is collapsing, Bank of America poll finds

Analysts described this month’s retreat from U.S. equities as “impressive.”

Fortune

Jerry Jones Explains How Dan Snyder Relationship Has Changed

The Commanders owner hired Bank of America in November to aid a potential franchise sale.

Sports Illustrated

These major banks see a "mild recession" coming in 2023

JPMorgan Chase, Bank of America and Citigroup are bracing for an economic downturn in 2023, including an uptick in unemployment, even as they continue to benefit from strong consumer spending and higher interest rates.

Axios

Jamie Dimon is waffling on his economic ‘hurricane’ take yet again. His bank is now calling a ‘mild recession’ later this year

Wall Street banks are building cash reserves to cope with a “mild recession.” It’s a more optimistic outlook than some CEOs have previously offered.

Fortune

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Bank of America tops stakeholder capitalism rankings

Under Brian Moynihan, the bank has increased the minimum wage, expanded parental leave, and avoided layoffs.

Fortune

The biggest investing trends to bet on in 2023

Fortune’s Quarterly Investment Guide explains surprising trends and the top stocks to buy this year.

Fortune

Government-issued digital currencies could bring about a dystopian future, security experts warn

As the world moves away from cash, countries are rolling out government-regulated digital currencies that have concerned security experts.

Inverse

A winning stock strategy in 2023? Steady not sexy

The best stocks to buy now fall into 3 unloved sectors: banking, defense, and health care.

Fortune

11 stocks that should be on your radar in the new year

Investing for recession and recovery is the best strategy going into 2023, according to BofA's team.

Fortune

The Fed’s ongoing housing market ‘reset’ sees buyer cancellation rate at one of the nation’s largest homebuilders spike to 68%

KB Home announced that its buyer cancellation rate in the fourth quarter of 2022 spiked to 68%. That's up from 13% in the fourth quarter of 2022.

Fortune

Wall Street investors shrug off Southwest Airlines’ holiday meltdown

Southwest Airlines has regained most of the value it lost on Wall Street when its operations cratered in late December and left hundreds of thousands of passengers without flights around Christmas.

Tribune News Service

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Fortune

Crypto took such a beating in 2022 that U.S. regulators have teamed up for the first time to sound the alarm to banks

Deutsche Bank, Wells Fargo, Citigroup and Bank of America have all invested in crypto staffing divisions in recent years.

Tribune News Service

What are small business owners expecting in 2023 after a three-year roller coaster ride?

Small business owners haven’t known stability since early 2020.

The Times of India

Wall Street’s big banks score $1 trillion of profit in a decade

Malick Diop felt something shifting on Wall Street.

Fortune

Bank hours on Christmas Eve 2022: Bank of America, Chase, Wells Fargo, and more

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

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USA Today Sports Media Group

First round of bidding process for the Commanders closes this week

The first round of bids for a potential sale of the Commanders closes this week.

USA Today Sports Media Group

Could Daniel Snyder keep the Commanders when all is said and done?

This week's league meetings have some less confident about Snyder selling the Commanders.

Fortune

Goldman Sachs weighs 40% cut on investment banker bonuses

As Wall Street goes from feast to famine, Goldman Sachs is reportedly weighing the largest cuts to banker bonuses since the 2008 financial crisis

Sports Illustrated

NFL Owners Bracing for Snyder Playing Keep Away With the Commanders

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.

Fortune

Billionaire David Rubenstein says inflation won’t fall significantly until the unemployment rate is almost double what it is now

“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.

Sports Illustrated

Report: Dan, Tanya Snyder Likely to Sell Commanders

The Washington co-owners hired Bank of America in November.

The Guardian - UK

I lost £150,000 to a fraudulent account the bank knew about

Bank of America was alerted three days before my first payment to an account I believed was a fixed-rate ‘bond’ with Prudential

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