Bank of America Headlines

  • Business News Roundup, June 20

    Energy Regional grid bill advances Legislation to create a new, regional organization to manage the electricity grid across several Western states survived a vote in a key California Senate committee Tuesday, even as several senators expressed serious misgivings about the bill. Members of the Senate Energy, Utilities and Communications Committee voted 6-1 to advance the bill...

  • Millennials and President Trump Are Making Companies Better Corporate Citizens

    But they've got a ways to go.

  • Regulator found 20,000 bad accounts at major banks, but which ones?

    The nation’s top bank regulator told members of Congress on Wednesday that his agency found about 20,000 accounts that may have been opened without customers’ authorization or had other problems during a review of the nation’s largest financial institutions prompted by the Wells Fargo & Co. scandal. Facing questions from members of the House Financial Services Committee, Joseph Otting, head of the Office of the Comptroller of the Currency, said fewer than half of those...

  • The 21-year-old's company had $1.6 million after 23 days. She'll be sentenced in July

    Operation Wire Wire, a multiagency sweep targeting business e-mail scammers, resulted in arrests of 23 South Floridians among 74 worldwide arrests. The scam used shell companies operated by "money mules," the role allegedly played by the South Floridians.

  • How to use Zelle, the lightning-fast payments app that's more popular than Venmo in the US

    Watch out, Venmo — there's another payments app on the rise.  Zelle is a year-old service that lets you digitally transfer money to someone else, no cash, checks, or wire transfers required. It sounds a lot like Venmo, but there's one key difference: Zelle was created by the five largest banks in the US.  Last summer, JPMorgan, Bank of America, Wells Fargo, US Bancorp, and Capital One joined together to launch Zelle. Both Venmo and Zelle let you send money to friends instantly. The difference...

    Business Insider
  • Behind Bank of America's Decision to End Business With Some Gun Makers

    It was about employees.

  • Business News Roundup, June 7

    Markets Stocks up for 4th day in row U.S. stocks rallied for their fourth gain in a row Wednesday as banks climbed along with bond yields. On Wall Street there were signs investors were getting a bit less nervous about trade tensions. Some of the biggest gains went to industries that have lagged the market in the last few months, including financial companies. Interest rates...