Bank of America
Wall Street banks have added 11,000 EU jobs since Brexit
In the five years since the UK officially left the EU, the world’s biggest investment banks have shifted thousands of roles
Bank of America executive tapped for senior Treasury role
Jim O’Neil named second permanent secretary, filling a post empty since 2022
1 min read
Bank of America ups cap on bonuses for top UK employees to 10 times salary
The US bank has joined Wall Street rivals by scrapping a long-standing cap on bonuses for key UK staff
2 min read
Bank of America’s stock traders book record quarter as markets swing
US bank joins rivals in reporting blow-out quarter for trading fees
2 min read
Banks lock in key staff with big retention bonuses as private credit circles
Senior investment bankers are being offered lucrative pay packets that will keep them at their firms for years. Can they stave off the appeal of private credit and private equity?
6 min read
Stressed junior bankers work harder as lay-offs hit
Analysts and associates in investment banking are facing more pressure as job cuts and slow replacement of departing employees leads to thinner teams
5 min read
Bank of America cuts 150 junior investment banking jobs
The US lender has taken the axe to junior banker jobs
2 min read
European investment banks stand firm on diversity as Wall Street wavers
Executive orders by US president Trump have put diversity programmes in the cross-hairs. European investment banks are striking a more defiant tone than their US rivals
4 min read
Bank of America’s traders book record year after final-quarter Trump surge
The market volatility created during the US presidential elections in November has spurred a bumper quarter for investment banks
2 min read
Bank of America bond losses could top $100bn due to rising rates
The Wall Street bank has the largest unrealised losses in the sector and could be a focus of investor attention
4 min read
Regulator orders BofA to fix system for fighting money laundering
The bank said it has been working closely with the regulator to improve its anti-money laundering and sanctions-compliance practices
3 min read
Bank of America names 387 managing directors in bumper promotion round
Wall Street banks have increased the size of their MD classes in 2024
Bank of America names Haffmans and Hierner to lead Benelux dealmaking
The US bank has made a number of changes to its senior ranks this year
Bank of America dealmaking fees rise 18% despite M&A slide
The bank’s chief executive said in September that investment banking revenue would be flat
Goldman Sachs only Wall Street bank to improve mental health rating
Bank of America, JPMorgan, Morgan Stanley and other major US banks fail to improve in CCLA’s global corporate mental health benchmark
Bank of America and JPMorgan plan fresh curbs on junior banker hours
JPMorgan will cap junior workloads at 80 hours a week, while BofA will introduce a new time-keeping tool
2 min read
Wall Street execs say dealmaking recovery has stuttered in the third quarter
Goldman Sachs, Citigroup, Bank of America, JPMorgan and Morgan Stanley execs have pointed to more muted investment banking fees
3 min read
Berkshire Hathaway sells $550m of Bank of America stock, stake drops to 12%
Warren Buffett’s company has been selling down its BofA stake
2 min read
Bank of America teams with FIFA to sponsor U.S.-hosted 2026 World Cup
The financial services giant is FIFA’s first global banking sponsor
2 min read