bank of america corporation

Senators Question Lower Relief Loan Amounts for Small Businesses

After learning that some received less than they asked for under the Paycheck Protection Program, three Democrats want more scrutiny of the banks.
As Banks Stumble in Delivering Aid, Congress Weighs Other Options

As Banks Stumble in Delivering Aid, Congress Weighs Other Options

Accounts provided by the Federal Reserve and distributions handled by payroll processors are among the ideas floating around Capitol Hill.
As Banks Stumble in Delivering Aid, Congress Weighs Other Options

As Banks Stumble in Delivering Aid, Congress Weighs Other Options

Accounts provided by the Federal Reserve and distributions handled by payroll processors are among the ideas floating around Capitol Hill.
Beware the Fees That Come With Some Money Transfers on Apps

Beware the Fees That Come With Some Money Transfers on Apps

Banks may now charge for payments that are linked to credit cards, treating them as cash advances with interest accruing immediately.
Businesses Say Big Banks Flouted ‘First Come First Served’ for Aid

Businesses Say Big Banks Flouted ‘First Come First Served’ for Aid

Small-business owners are suing, claiming that applications for stimulus loans weren’t processed in the order they were received.
Businesses Say Big Banks Flouted ‘First Come First Served’ for Aid

Businesses Say Big Banks Flouted ‘First Come First Served’ for Aid

Small-business owners are suing, claiming that applications for stimulus loans weren’t processed in the order they were received.
Big Banks Get Ready for Rough Days Ahead

Big Banks Get Ready for Rough Days Ahead

Bank of America, Goldman Sachs and Citigroup, all reporting quarterly earnings, said they had set aside billions of dollars in preparation for loan defaults.
A Wall Street Bank’s Hard-Driving Culture Pushes Traders Into the Office

A Wall Street Bank’s Hard-Driving Culture Pushes Traders Into the Office

Some employees at Bank of America’s New York headquarters say they fear pay cuts or job loss if they don’t show up and make money.
A Wall Street Bank’s Hard-Driving Culture Pushes Traders Into the Office

A Wall Street Bank’s Hard-Driving Culture Pushes Traders Into the Office

Some employees at Bank of America’s New York headquarters say they fear pay cuts or job loss if they don’t show up and make money.
SBA Loan Program Starts As Small Businesses Make Urgent Applications

SBA Loan Program Starts As Small Businesses Make Urgent Applications

A $349 billion program to throw them a financial lifeline got off to a rocky start on Friday as the U.S. economy continued to seize up.
SBA Loan Program Starts As Small Businesses Make Urgent Applications

SBA Loan Program Starts As Small Businesses Make Urgent Applications

A $349 billion program to throw them a financial lifeline got off to a rocky start on Friday as the U.S. economy continued to seize up.
As Virus Hobbles Economy, Companies Race to Tap Credit and Raise Cash

As Virus Hobbles Economy, Companies Race to Tap Credit and Raise Cash

The clamor for corporate funding is raising concerns about a financial reckoning reminiscent of 2008.
As Virus Hobbles Economy, Companies Race to Tap Credit and Raise Cash

As Virus Hobbles Economy, Companies Race to Tap Credit and Raise Cash

The clamor for corporate funding is raising concerns about a financial reckoning reminiscent of 2008.
Scary Times for U.S. Companies Spell Boom for Restructuring Advisers

Scary Times for U.S. Companies Spell Boom for Restructuring Advisers

Corporations are saving cash, cutting costs and refinancing debt to manage the economic fallout of the coronavirus. Restructuring and bankruptcy experts are already getting calls.
Scary Times for U.S. Companies Spell Boom for Restructuring Advisers

Scary Times for U.S. Companies Spell Boom for Restructuring Advisers

Corporations are saving cash, cutting costs and refinancing debt to manage the economic fallout of the coronavirus. Restructuring and bankruptcy experts are already getting calls.
The Stock Buyback Binge May Be Over. For Now.

The Stock Buyback Binge May Be Over. For Now.

Companies are hitting the pause button on share buybacks, which have suddenly become politically and financially unpalatable.
As Crisis Deepens, Companies Hand Out Cash to Workers

As Crisis Deepens, Companies Hand Out Cash to Workers

Some large businesses are paying employees while they stay home. Others are offering bonuses to those who must keep going in.
Amid Virus and Market Tumult, Wall Street Lives a New Reality

Amid Virus and Market Tumult, Wall Street Lives a New Reality

With coronavirus fears engulfing New York City and markets tanking, the finance industry is busier than ever — and learning to work from home.
Amid Virus and Market Tumult, Wall Street Lives a New Reality

Amid Virus and Market Tumult, Wall Street Lives a New Reality

With coronavirus fears engulfing New York City and markets tanking, the finance industry is busier than ever — and learning to work from home.
A Bank in Midtown Is Cleaned Out of $100 Bills

A Bank in Midtown Is Cleaned Out of $100 Bills

Large-denomination bills were in such high demand this week that at least one Bank of America branch wasn’t able to satisfy some customers pulling out tens of thousands of dollars at a time.