All Posts Tagged With: "Bank of America"

Bank of America Interest Income Falls Even After Rate Hike

The expected increase in earnings at Bank of America from increased interest rates has come to a halt. The lender, considered the most sensitive to changes in interest rates amongst U.S. banks, posted a drop in its net interest income that surprised most. Its two biggest rivals Well Fargo & Co and JPMorgan Chase & […]

More Staff Cuts Hit Bank Of America Consumer Banking Division

Bank of America (NYSE:BAC) has announced its intentions to cut thousands of additional employees from its consumer banking workforce. Since 2009, the bank has reduced the number of employees in that division nearly 40 percent, with the employee count falling to 68,400. The recently announced cuts are expected to take that number down to the […]