Bank of America News

With 242,000 employees and 48 million consumer and small business customers, it is not surprising that so many people want to stay up-to-date with Bank of America news. That's why Wiser created this specially tailored daily email digest. When measured by assets, Bank of America is the second largest bank holding company in the United States. And with about 12% of all US bank deposits on its books, it is firmly one of the big four banks. It is based in Charlotte in North Carolina and, in its current form, was incorporated in 1998. However, it traces its origins back to 1874. Today the chairman and CEO is Brian Moynihan. The company has come through a lot of change over recent years, from downsizing its American operation to selling off stakes in foreign banks. And, like other major banking institutions, it is often in the regulatory spotlight. In addition, it is adjusting to the technological age as increasing numbers of people choose to bank on computers and mobile devices. Staying current with these developments has never been easier - all you have to do is sign up for the free daily Bank of America news email from Wiser today.

Recent Bank of America News Coverage
 
Your Weekly Recommendations Sunday, February 18, 2018
 
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NoMad hotel joins crop of boutique inns giving second life to L.A.'s historic office buildings
Los Angeles Times • Roger Vincent
Worst-In-Class Goldman Sachs CEO Blankfein Gets 9% Pay Raise
TheStreet • Bradley Keoun
Citigroup CEO scores a 48% raise to $23M
CNN • Matt Egan
"Setting The Stage For A Broad Meltdown": Bond Funds See 5th Biggest Outflow On Record
Zero Hedge • Tyler Durden
Citigroup raises CEO Corbat's pay 48 percent to $23 million
Reuters
JPMorgan will invest $1.75 billion into American communities — and the CEO says it's good for business
Business Insider • Matt Turner, Richard Feloni
Citigroup raises CEO Corbat's pay 48 percent to US$23 million
Channel NewsAsia World News
Huge Cash Repatriations Should Boost Large Cap Tech: 4 Stocks to Buy Now
24/7 Wall St. • 247lee
Citigroup Lifts Corbat's Compensation 48% to $23 Million for 2017
Bloomberg • Jennifer Surane
DealBook Briefing: Has ‘Buy the Dip’ Run Its Course?
The New York Times
 
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Accommodations & Lodging, Bank of America
NoMad hotel joins crop of boutique inns giving second life to L.A.'s historic office buildings
Los Angeles TimesRoger Vincent
The Bank of Italy once owned one of the finest office buildings in downtown Los Angeles, a 12-story neoclassical monument built in 1923 with towering Doric columns, an ornate, gold-ceilinged lobby and marble floors. By the late 20th century, however, it had...
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Bank of America, Citigroup Inc
Worst-In-Class Goldman Sachs CEO Blankfein Gets 9% Pay Raise
TheStreetBradley Keoun
Goldman Sachs Group Inc. (GS - Get Report) , the Wall Street powerhouse whose abysmal bond-trading returns last year robbed shareholders during a rally in U.S. bank stocks, gave CEO Lloyd Blankfein a 9% raise last year to $24 million, more than...
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Bank of America, Citigroup Inc
Citigroup CEO scores a 48% raise to $23M
CNNMatt Egan
Citigroup boss Michael Corbat just got a huge raise. Corbat scored $23 million in total pay last year, the bank said on Friday. That's a cool 48% above what he made in 2016. The pay hike underlines Citi's (C) success in bouncing...
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Bank of America, Private Equity
"Setting The Stage For A Broad Meltdown": Bond Funds See 5th Biggest Outflow On Record
Zero HedgeTyler Durden
Earlier this week, GMO's James Montier repeated verbatim one of our recurring puzzling observations about the current market: while "a recent Bank of America ML survey showed the highest level of those citing “excessive valuation” ever. Yet despite this, the same survey...
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Bank of America, Citigroup Inc
Citigroup raises CEO Corbat's pay 48 percent to $23 million
Reuters
NEW YORK () - Citigroup Inc (C.N) raised Chief Executive Officer Michael Corbat’s annual compensation by 48 percent to $23 million for 2017, a year in which the bank made more money from operations but still fell short of earlier targets. Directors...
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Bank of America, Finance
JPMorgan will invest $1.75 billion into American communities — and the CEO says it's good for business
Business InsiderMatt Turner, Richard Feloni
This post is part of Business Insider's ongoing series on Better Capitalism. JPMorgan Chase is investing $20 billion in its US operations over five years, $1.75 billion of which is going to philanthropic causes. These causes include enhancing educational and entrepreneurial initiatives...
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Bank of America, Citigroup Inc
Citigroup raises CEO Corbat's pay 48 percent to US$23 million
Channel NewsAsia World News
NEW YORK: Citigroup Inc raised Chief Executive Officer Michael Corbat's annual compensation by 48 percent to US$23 million for 2017, a year in which the bank made more money from operations but still fell short of earlier targets. Directors considered recent progress...
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Apple Inc, Bank of America
Huge Cash Repatriations Should Boost Large Cap Tech: 4 Stocks to Buy Now
24/7 Wall St.247lee
Investors have waited for years, and they finally got their wish when the new tax law lowered the tax rate for companies with massive piles of cash overseas. While the final rate of 15.5% was higher than some wanted, it was raised...
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Bank of America, Citigroup Inc
Citigroup Lifts Corbat's Compensation 48% to $23 Million for 2017
BloombergJennifer Surane
Citigroup Inc. Chief Executive Officer Michael Corbat received $23 million in compensation for 2017, a 48 percent increase from a year earlier and the biggest pay package he’s received since taking the top job. Corbat, 57, got a $1.5 million salary and...
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Bank of America, Finance
DealBook Briefing: Has ‘Buy the Dip’ Run Its Course?
The New York Times
Happy Friday. Here’s what we’re watching: • The heads of Citi and Goldman took home healthy pay raises last year. • Qualcomm didn’t categorically say no to Broadcom’s latest offer. • What financial regulation could look like post-Brexit. • Look who bet...
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