US0605051046 - Common Stock
BANK OF AMERICA CORP
NYSE:BAC (12/20/2024, 1:26:10 PM)
44.115
+0.73 (+1.69%)
Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. The company is headquartered in Charlotte, North Carolina and currently employs 213,000 full-time employees. Its segments include Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking and Global Markets. Consumer Banking segment offers a range of credit, banking and investment products and services to consumers and small businesses. The GWIM includes two businesses: Merrill Wealth Management, which provides tailored solutions to meet clients' needs through a full set of investment management, brokerage, banking and retirement products and Bank of America Private Bank, which provides comprehensive wealth management solutions. Global Banking segment provides a range of lending-related products and services, integrated working capital management and treasury solutions, and underwriting and advisory services. Global Markets segment offers sales and trading services and research services to institutional clients across fixed-income, credit, currency, commodity, and equity businesses.
BANK OF AMERICA CORP
Bank Of America Corporate Center, 100 N Tryon St
Charlotte NORTH CAROLINA 28255
P: 17043868486
CEO: Brian T. Moynihan
Employees: 212000
Website: https://www.bankofamerica.com
The government agency sued Zelle’s operating company and four of its partner banks (JPMorgan Chase, Bank Of America and Wells Fargo). The CFPB says the service hasn’t done enough to protect consumers from fraud.
If the Magnificent Seven and Treasurys can hold at current levels, BofA says that recent lows following Wednesday's Fed meeting are a buying opportunity.
Three of the largest U.S. banks rushed the Zelle digital payment system to market "without implementing effective consumer safeguards," according to a lawsuit filed Friday by a federal government agency.
The Consumer Financial Protection Bureau sued JPMorgan Chase & Co., Bank of America Corp. and Wells Fargo & Co. along with the parent company of Zelle alleging the firms rushed a peer-to-peer payment network to compete without first implementing adequate consumer protections.
(Bloomberg) -- The Consumer Financial Protection Bureau sued JPMorgan Chase & Co., Bank of America Corp. and Wells Fargo & Co. along with the parent company of Zelle alleging the firms rushed a peer-to-peer payment network to compete without first implementing adequate consumer protections.Most Read from BloombergNew York City’s Historic Preservation Movement Is Having a Midlife CrisisNYPD Car Chases Are Becoming More Frequent — and More DangerousDakar’s Air Quality Plummets as Saharan Dust Desc
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