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Image for Bank of America Interest Income Falls Even After Rate Hike

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... More of this article »
Image for More Staff Cuts Hit Bank Of America Consumer Banking Division

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... More of this article »