Bank of America
Effort to corral about 1,650 brokers in some 100 slow-growth branches into ‘community markets’ unit with focused management attention yields early signs of progress.
Bank of America Corp. was accused in a lawsuit of providing more than 100 accounts used to perpetrate what the U.S. regulators called a $102 million Ponzi scheme.
Wealth head Andy Sieg told brokers firm will decide in about 60 days how to simplify its rigid DOL Rule restrictions and perhaps allow commissions for some asset classes.
Bank of America Corp.’s pledge to stop lending to firearms manufacturers isn’t enough for gun-control activists, who have turned on one of the only two U.S. banks to announce gun-related restrictions.
Bank of America executives asset that advisors and managers are responding to “organic growth” incentives, although headcount fell by 124 brokers in the first quarter.
The Financial Industry Regulatory Authority has suspended an Arizona advisor for 18 months for falsely affirming that prospective Bank of America borrowers had plenty of cash in their Merrill accounts.
New York state’s pension funds are urging credit-card companies to consider following Citigroup Inc.’s lead in cracking down on gun-sellers.
Three Merrill Lynch insiders will get more than $83 million from the U.S. Securities and Exchange Commission — the biggest-ever payouts — for providing information that helped the agency bring a 2016 case against Bank of America Corp., their attorney said Monday.
JPMorgan Chase & Co. just weighed in again on virtual currencies — very discreetly.
In latest cross-marketing push, BofA pushes checking/savings/credit card promotion to Merrill clients with $200 checking account cash-back.