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Bank of America redeploys 40 Asia bankers as China dealmaking stalls

Bank of America Corp has told around 40 bankers in Asia to look for new roles within the organisation, a person familiar with the matter said, as it moves to control costs globally and cut back. | May 25, 2023 ....

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BofA reaps benefits of volatility as lending income misses

Net interest income rose 29% in the fourth quarter on higher rates and loan growth, though the increase was smaller than forecast. Trading revenue soared 27%. ....

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Bank of America Profit Tops Estimates as Higher Rates Boost Income

Bank of America Corp. reported a bigger-than-expected fourth-quarter profit on Friday, helped by a surge in net interest . ....

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BofA outlines next steps in flexible return to office

Bank of America outlined a series of next steps for the thousands of employees returning to its offices globally, as it seeks to cement its post-pandemic approach to work. ....

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BofA tops loan-revenue estimates with interest rates increasing

Bank of America reported its highest quarterly net interest income in at least a decade thanks largely to the Federal Reserve's interest rate hikes. Meanwhile, debt traders beat analysts' estimates. ....

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