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Bank of America to bring top NYC managers back to office June 1

Bank of America to bring top NYC managers back to office June 1
americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.

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Wall Street Banks' Back to Office Plans, Dates to Know

Some Wall Street banks are gearing up to get more workers back to office this summer.
Goldman Sachs is reopening its US offices on June 14 and its UK offices a week later.
Here s the latest on what big banks are telling employees.
Some Wall Street banks are pushing ahead to get employees back in the office by mid-summer.
After more than a year at home, during which bankers and traders had to adjust to dealmaking over Zoom and trading remotely, firms are setting timelines and procedures to bring employees back to the office.
Some Wall Street executives have been vocal about their belief that long-term remote work is detrimental to productivity and young bankers learning on the job. Meanwhile, long workweeks at home have been tough on junior bankers and are contributing to burnout. ....

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Bank of America management offers optimistic outlook on economy, reserves

Bank of America management offers optimistic outlook on economy, reserves
By Noor Zainab Hussain and Elizabeth Dilts Marshall
Reuters
(Reuters) - Bank of America Corp squeaked by Wall Street s first-quarter profit expectations on Thursday, as its capital-markets business posted gains from recent volatility while a handful of special items weighed on results.
Like other major U.S. banks, Bank of America benefited from an improvement in the economic outlook that allowed it to reduce the amount of money it sets aside for potential loan losses. The rollout of vaccines to combat the coronavirus pandemic, combined with government stimulus efforts, have helped the financial industry not just survive but thrive. ....

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BofA divided as bankers cry foul over special bonus treatment

Anger is building in the senior ranks at Bank of America after the company waived an unpopular new bonus policy for top traders and dealmakers while keeping the plan in place for other employees. ....

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Bank of America Quarterly Profit Falls 22% — 3rd Update

Bank of America Quarterly Profit Falls 22% — 3rd Update
morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.

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