Bank of America Takes $1.6 Billion Charge for Libor Transition
Bank of America Corp. has announced that it will take a noncash pretax charge of approximately $1.6 billion in its fourth-quarter report. This charge is related to the global transition…
Insights from Bank of America CEO
Bank of America's chief executive, Brian Moynihan, recently discussed the evolving economic landscape characterized by rising prices, increasing wages, and decreasing unemployment. Despite these factors, inflation continues to persist, creating…
Economists at Bank of America Challenge Recession Forecast
Economists at Bank of America (BofA) have taken a bold stance by retracting their prediction of an upcoming recession. This move makes them the first major bank to abandon their…