Category: Business » Banking

Federal Reserve Board announces approval of application by PacWest Bancorp

5:00 pm Eastern | Business

Federal Reserve Board announces approval of application by PacWest Bancorpread more »

Bank of America Scores 100 Percent on U.S. Business Leadership Network Disability Equality Index

3:05 pm Eastern | Business

Bank of America been named as a leader in supporting people with disabilities. The company announced today that it scored 100 percent on the 2017 U.S. Business Leadership Network’s (USBLN) Disability Equality Index (DEI), an annual listing of companies that are leading the way in policies, practices and programs that are inclusive of people with disabilities.

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Z1: Z.1 release: 2017:Q2 data now available for the Financial Accounts of the United States

3:04 pm Eastern | Business

This release incorporates several revisions, structural changes, and enhancements. Major changes are described in the "Release Highlights" section of the publication. These and other changes, such as code changes, are also described in the online Financial Accounts Guide (www.federalreserve.gov/apps/fof/). The file structure of the Z.1 release consists of a single Z.1 PDF, corresponding HTML tables, and a single set of compressed CSV files with accompanying data dictionary text files. Data are available for download through the Federal Reserve Data Download Program (DDP). Series that appear in published tables are available immediately. Underlying detail series are generally available for download within two business days of the Z.1 release. The next Z.1 release will be Thursday, December 7, 2017, at 12:00 noon.read more »

Federal Reserve Board announces termination of enforcement action with The First Bank of Baldwin

21 Sep 11:00 | Business

Federal Reserve Board announces termination of enforcement action with The First Bank of Baldwinread more »

Federal Reserve Board and Federal Open Market Committee release economic projections from the September 19-20 FOMC meeting

20 Sep 14:00 | Business

Federal Reserve Board and Federal Open Market Committee release economic projections from the September 19-20 FOMC meetingread more »

Federal Reserve issues FOMC statement

20 Sep 14:00 | Business

Federal Reserve issues FOMC statementread more »

Olympians, NYC Champions Among Added Athletes to 2017 Bank of America Chicago Marathon Elite Field

20 Sep 10:04 | Business

Today, the Bank of America Chicago Marathon announced changes to the elite field for the Oct. 8, 2017 race.

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Federal Reserve Board announces termination of enforcement action with AB&T Financial Corporation

19 Sep 11:00 | Business

Federal Reserve Board announces termination of enforcement action with AB&T Financial Corporationread more »

U.S. Trust Survey Finds Entrepreneurs Take Charge of Their Future but Aren’t Prepared When Life Doesn’t Go According to Plan

19 Sep 09:05 | Business

Business owners say the most compelling reason for owning a company is to take control of their own destiny, yet the fate of their business and financial security is left to chance by not anticipating potential disruptions at every stage, according to a new survey published today by U.S. Trust. The findings show that entrepreneurs worry most about business and personal risks that are within their control but surprisingly they neglect to address.

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Bank of America Declares Preferred Dividends

18 Sep 10:06 | Business

Bank of America Corporation today announced the Board of Directors authorized a regular quarterly cash dividend of $18.125 per share on the 7.25 percent Non-Cumulative Perpetual Convertible Preferred Stock, Series L. The dividend is payable on October 30 to shareholders of record as of October 1.

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Bank of America Introduces New Premium Rewards® Credit Card

18 Sep 08:34 | Business

Bank of America today announced the launch of the Bank of America® Premium Rewards® credit card that provides customers with unlimited points that don’t expire, flexible rewards, and premium travel benefits.

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Report Details Economic Benefits of Bank of America’s $125 Billion Environmental Business Initiative

18 Sep 08:03 | Business

Today, Bank of America released “Banking on a Low-Carbon Economy: The Economic Impacts of Bank of America’s $125read more »

G17: G.17 Data for August 2017 are now available

15 Sep 12:07 | Business

Industrial production and capacity utilization data for August 2017 are now available. Industrial production declined 0.9 percent in August following six consecutive monthly gains. Hurricane Harvey, which hit the Gulf Coast of Texas in late August, is estimated to have reduced the rate of change in total output by roughly 3/4 percentage point. The index for manufacturing decreased 0.3 percent; storm-related effects appear to have reduced the rate of change in factory output in August about 3/4 percentage point. The manufacturing industries with the largest estimated storm-related effects were petroleum refining, organic chemicals, and plastics materials and resins. A technical Q&A discussing the effect of Hurricane Harvey on industrial production for August will be published on the Board's website at read more »

CP: Revisions to Commercial Paper Outstanding

15 Sep 12:07 | Business

On September 15, 2017, the Federal Reserve Board released revisions to the values of seasonally adjusted and not seasonally adjusted commercial paper outstanding levels based on updated issuer information. The revisions affect weekly and monthly outstanding data from April 2017 to September 2017 and include year-end outstanding and maturity distribution of outstanding commercial paper.read more »

Z1: Next Z.1 release date is Thursday September 21, 2017; at 12:00 noon

15 Sep 12:07 | Business

A preview of changes to the upcoming September 21, 2017 Financial Accounts of the United States (Z.1) release is now available. Z.1 preview files include a single PDF, corresponding HTML tables, and single set of compressed CSV files with accompanying data dictionary text files available on the current Z.1 release page at https://www.federalreserve.gov/releases/Z1/Current/default.htm. Code changes and preliminary release highlights are available online in the Financial Accounts Guide at https://www.federalreserve.gov/apps/fof/.read more »

Federal Reserve Board issues enforcement action with First Nebraska Bank

14 Sep 11:00 | Business

Federal Reserve Board issues enforcement action with First Nebraska Bankread more »

Defending Champions and Abbott World Marathon Majors Series X Winners Tatyana McFadden and Marcel Hug Lead Professional Wheelchair Field Featuring 24 Paralympians From 12 Countries

14 Sep 10:06 | Business

Today, the Bank of America Chicago Marathon announced that 15-time world champion, four-time Paralympian and seven-time Chicago Marathon champion Tatyana McFadden (USA) and 20-time world champion medalist and four-time Paralympian Marcel Hug (SUI) will return to compete for the top spot on the podium at the 40th annual event.

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Federal Reserve Board announces approval of notice by The Toronto-Dominion Bank, TD Group US Holdings LLC, and TD Bank US Holding Company

13 Sep 17:00 | Business

Federal Reserve Board announces approval of notice by The Toronto-Dominion Bank, TD Group US Holdings LLC, and TD Bank US Holding Companyread more »

Agencies to propose amending CRA regulations to conform to HMDA regulation changes, and remove references to the neighborhood stabilization program

13 Sep 15:00 | Business

Agencies to propose amending CRA regulations to conform to HMDA regulation changes, and remove references to the neighborhood stabilization programread more »

Federal Reserve Board issues enforcement action with Markesan State Bank

12 Sep 11:00 | Business

Federal Reserve Board issues enforcement action with Markesan State Bankread more »

Bank of America Shamrock Shuffle 8K Opens Registration

12 Sep 10:06 | Business

Registration for the 2018 Bank of America Shamrock Shuffle 8K opens today at 10 a.m. Central Time at shamrockshuffle.com. Considered by many runners to be the start of the outdoor season, this popular road race offers an opportunity to continue the St. Patrick’s Day celebration in Chicago with a green-infused, fun 8K run featuring music and entertainment, as well as a two-mile walk through the heart of downtown.

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Bank of America Announces Hurricane Irma Relief Efforts

11 Sep 11:30 | Business

Bank of America today announced that it is directing $1 million in read more »

Vital Voices and Bank of America Convene Global Ambassadors Program in Chicago, Providing Mentoring and Skills-Building to Women Entrepreneurs From Chicago and Around the World

11 Sep 10:03 | U.S. News

Vital Voices Global Partnership and Bank of America are bringing together women leaders and entrepreneurs from Chicago and around the world for the Global Ambassadors Program, an initiative that advances women’s economic empowerment through mentoring.read more »

G19: Upcoming changes to the Consumer Credit (G.19) release

8 Sep 2017 | Business

The Federal Reserve Board announced on Thursday the completion of the 2015 Census and Survey of Finance Companies. These data have been collected every five years to provide a comprehensive and accurate statistical snapshot of the financial information of the finance company industry. The statistical results of the 2015 surveys will be incorporated in the July Consumer Credit (G.19) statistical release that is scheduled to be published on Friday, September 8th. In addition, the survey results will be incorporated in the July Finance Companies (G.20) and the second quarter Financial Accounts of the United States (Z.1) statistical releases that are scheduled to be published later in September.read more »

BofA Merrill Receives The Banker’s Top Global Award

7 Sep 2017 | Business

Bank of America Merrill Lynch (BofA Merrill) has received top honors from The Banker magazine in its Investment Banking Awards, being named Most Innovative Investment Bank of the Year 2017. The award recognizes the firm for its strategically oriented Corporate and Investment Bank, built on long-term relationships, and its ability to pair advisory and funding capabilities.

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Merrill Lynch Wealth Management Tops New Forbes/SHOOK List of Next-Generation Wealth Managers

7 Sep 2017 | Business

September 7, 2017, 9:30 am EDT Merrill Lynch Wealth Management Tops New Forbes/SHOOK List of Next-Generation Wealth Managersread more »

Federal Reserve Board announces approval of application by Synovus Bank

6 Sep 2017 | Business

Federal Reserve Board announces approval of application by Synovus Bankread more »

Federal and state banking agencies issue statement on supervisory practices regarding financial institutions and borrowers affected by Hurricane Irma

6 Sep 2017 | Business

Federal and state banking agencies issue statement on supervisory practices regarding financial institutions and borrowers affected by Hurricane Irmaread more »

Federal Reserve outlines next steps for payment system improvement

6 Sep 2017 | Business

Federal Reserve outlines next steps for payment system improvementread more »

Stanley Fischer submits resignation as a member of the Board of Governors, effective on or around October 13, 2017

6 Sep 2017 | Business

Stanley Fischer submits resignation as a member of the Board of Governors, effective on or around October 13, 2017read more »

Bank of America Debuts New Mobile Tools Focused on Personalization

6 Sep 2017 | Business

September 6, 2017, 9:01 am EDT Bank of America Debuts New Mobile Tools Focused on Personalizationread more »

Federal Reserve Board prohibits former employee at Regions Bank from participating in the banking industry

5 Sep 2017 | Business

Federal Reserve Board prohibits former employee at Regions Bank from participating in the banking industryread more »

Bank of America to Participate in the Barclays Global Financial Services Conference on September 12

5 Sep 2017 | Business

Bank of America Chief Financial Officer Paul Donofrio will participate in the Barclays Global Financial Services Conference on Tuesday, September 12 at 2 p.m. Eastern Time. A live audio webcast will be accessible through the Bank of America Investor Relations website at http://investor.bankofamerica.com. A replay will also be available.

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Bank of America Expands Hurricane Harvey Relief Efforts

1 Sep 2017 | Business

September 1, 2017, 6:32 pm EDT Bank of America Expands Hurricane Harvey Relief Effortsread more »

Federal Reserve Board adopts final rule to enhance financial stability

1 Sep 2017 | Business

Federal Reserve Board adopts final rule to enhance financial stabilityread more »

Federal Reserve Board announces approval of proposal by Sterling Bancorp

30 Aug 2017 | Business

Federal Reserve Board announces approval of proposal by Sterling Bancorpread more »

Federal Reserve Board announces Community Depository Institutions Advisory Council members for 2018

30 Aug 2017 | Business

Federal Reserve Board announces Community Depository Institutions Advisory Council members for 2018read more »

Federal Reserve Board announces termination of enforcement action with State Bank of Geneva

30 Aug 2017 | Business

Federal Reserve Board announces termination of enforcement action with State Bank of Genevaread more »

Merrill Edge Tops Kiplinger’s Annual ‘Best Online Broker’ Ranking

30 Aug 2017 | Business

Kiplinger’s Personal Finance publication awarded Merrill Edge a No. 1 ranking in its 2017 Best Online Brokers list in a tie with Fidelity. This accolade highlights Merrill Edge’s commitment to supporting and empowering clients throughout their financial lives by delivering extraordinary service and care.

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Women Entrepreneurship in a World of Change: Women Entrepreneurs Expect Big Cracks in the Glass Ceiling Over the Next 20 Years, According to Bank of America Study

30 Aug 2017 | Business

The rules of business are changing, and women entrepreneurs are at the read more »

Women Entrepreneurship in a World of Change: Women Entrepreneurs Expect Big Cracks in the Glass Ceiling Over the Next 20 Years, According to Bank of America Study

30 Aug 2017 | Business

The rules of business are changing, and women entrepreneurs are at the read more »

Berkshire Hathaway Exercises Warrants to Acquire Bank of America Common Stock

29 Aug 2017 | Business

Bank of America today announced that Berkshire Hathaway Inc. exercised its warrants to purchase 700 million shares of Bank of America common stock using the Series T preferred shares Berkshire Hathaway acquired through its investment in Bank of America in 2011.

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Federal Reserve Board permanently bars former employee of Four Oaks Bank and Trust Company from the banking industry

29 Aug 2017 | Business

Federal Reserve Board permanently bars former employee of Four Oaks Bank and Trust Company from the banking industryread more »

Federal and state banking agencies issue statement on supervisory practices regarding financial institutions and borrowers affected by Hurricane Harvey

26 Aug 2017 | Business

Federal and state banking agencies issue statement on supervisory practices regarding financial institutions and borrowers affected by Hurricane Harveyread more »

Federal Reserve Board requests public comment on proposal to produce three new reference rates based on overnight repurchase agreement (repo) transactions secured by Treasuries

24 Aug 2017 | Business

Federal Reserve Board requests public comment on proposal to produce three new reference rates based on overnight repurchase agreement (repo) transactions secured by Treasuriesread more »

Federal Reserve names strategy director to lead payment system improvement

24 Aug 2017 | Business

Federal Reserve names strategy director to lead payment system improvementread more »

Federal Reserve Board announces termination of enforcement action with Santander Holdings, USA, Inc.

24 Aug 2017 | Business

Federal Reserve Board announces termination of enforcement action with Santander Holdings, USA, Inc.read more »

Federal banking agencies propose extension of certain capital rule transitions

22 Aug 2017 | Business

Federal banking agencies propose extension of certain capital rule transitionsread more »

Minutes of the Board's discount rate meetings from July 17 and July 26, 2017

22 Aug 2017 | Business

Minutes of the Board's discount rate meetings from July 17 and July 26, 2017read more »

Federal Reserve Board issues enforcement action with the Bank & Trust, S.S.B.

22 Aug 2017 | Business

Federal Reserve Board issues enforcement action with the Bank & Trust, S.S.B.read more »

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