Category: Business » Banking

Federal Reserve Board issues enforcement action with SunTrust Bank

25 May 15:30 | Business

Federal Reserve Board issues enforcement action with SunTrust Bankread more »

Federal Reserve Board announces termination of enforcement action with North Georgia Community Financial Partners, Inc.

25 May 11:30 | Business

Federal Reserve Board announces termination of enforcement action with North Georgia Community Financial Partners, Inc.read more »

Minutes of the Federal Open Market Committee, May 2-3, 2017

24 May 14:00 | Business

Minutes of the Federal Open Market Committee, May 2-3, 2017read more »

Bank of America to Participate in the Bernstein Strategic Decisions Conference on May 31

24 May 10:07 | Business

Bank of America Chief Executive Officer Brian Moynihan will participate in the Bernstein Strategic Decisions Conference on Wednesday, May 31 at 9 a.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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Seeking a ‘Traditional’ Retirement? Move to Chicago

24 May 09:10 | Business

Chicagoans and older Americans across the country are saving for retirement, while younger Americans across the country are saving long-term for financial freedom. Sixty-three percent of millennials nationwide are looking to achieve the amount of money or savings needed to live their desired lifestyle, while Chicagoans (52 percent) and older Americans, including Gen Xers and baby boomers (55 percent), are saving to leave the workforce.

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Atlanta Forgoes Saving for Retirement With a New Goal in Mind

24 May 09:10 | Business

Atlanta residents are mirroring millennials across the country as they start to plan long-term for financial freedom instead of retirement. Fifty-seven percent of Atlanta residents and 63 percent of millennials in the United States are looking to achieve the amount of money or savings needed to live their desired lifestyle, while Gen Xers and baby boomers in the United States (55 percent) are saving to leave the workforce.

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South Florida Residents Prioritize Lifestyle Over Retirement

24 May 09:10 | Business

South Floridians may be ahead of the curve, following the national shift of millennials planning for financial freedom over retirement. Fifty-three percent of South Floridians and 63 percent of millennials nationally are looking to achieve the amount of money or savings needed to live their desired lifestyle, while Gen Xers and baby boomers in the United States (55 percent) are saving to leave the workforce.

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Bank of America Enhances Customer Choice: Provides Secure and Reliable Access to Data

22 May 09:33 | Business

As customers look for more ways to view their full financial picture in one place, Bank of America is making updates to its Security Center and working with multiple financial data aggregators to provide customers the ability to simply and securely connect data from their Bank of America accounts to third-party financial management applications. Customers will also soon be able to see exactly which data aggregator services they’ve allowed to access their information.

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Federal Reserve imposes $1.2 million fine and permanent ban on employment against former Barclays Bank PLC employee

19 May 15:00 | Business

Federal Reserve imposes $1.2 million fine and permanent ban on employment against former Barclays Bank PLC employeeread more »

Federal Reserve Board issues Report on the Economic Well-Being of U.S. Households

19 May 12:00 | Business

Federal Reserve Board issues Report on the Economic Well-Being of U.S. Householdsread more »

Mortgage Rates Slide To 5-Month Low

19 May 11:02 | Business

With a flurry of news breaking in Washington, mortgage rates moved to the downside with the benchmark 30-year fixed mortgage rate falling to a five-month low of 4.15 percent, according to Bankrate.com's weekly national survey.read more »

Millennials Outperform Everyone in Saving, but It’s Not for What You’d Think

19 May 09:04 | Business

Millennials are charting unexplored territory as the first generation toread more »

H15: Correction of Treasury rates for April 14, 2017, the week ending April 14, 2017, and the month of April 2017

19 May 05:41 | Business

Incorrect Treasury rates for April 14, 2017, were again received from the external provider of this information and published on May 18, 2017. The H.15 has been updated to correct the inaccurate rates.read more »

Federal Reserve announces results of offering of seven-day term deposits on May 18

18 May 15:30 | Business

Federal Reserve announces results of offering of seven-day term deposits on May 18read more »

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

17 May 04:35 | Business

Industrial production and capacity utilization data for April 2017 are now available.Industrial production advanced 1.0 percent in April for its third consecutive monthly increase and its largest gain since February 2014. Manufacturing output rose 1.0 percent as a result of widespread increases among its major industries. The indexes for mining and utilities posted gains of 1.2 percent and 0.7 percent, respectively. At 105.1 percent of its 2012 average, total industrial production in April was 2.2 percent above its year-earlier level. Capacity utilization for the industrial sector increased 0.6 percentage point in April to 76.7 percent, a rate that is 3.2 percentage points below its long-run (1972-2016) average.read more »

Mortgage Rates Rebound Slightly

12 May 2017 | Business

After barely moving in the past 3 weeks, mortgage rates moved slightly higher this week, with the benchmark 30-year fixed mortgage rate now 4.22 percent, according to Bankrate.com's weekly national survey. read more »

Federal Open Market Committee announces its tentative meeting schedule for 2018

11 May 2017 | Business

Federal Open Market Committee announces its tentative meeting schedule for 2018read more »

Federal Reserve Board announces termination of enforcement action First Carolina Bancshares, M.H.C.

11 May 2017 | Business

Federal Reserve Board announces termination of enforcement action First Carolina Bancshares, M.H.C.read more »

Federal Reserve to offer seven-day term deposits on May 18

11 May 2017 | Business

Federal Reserve to offer seven-day term deposits on May 18read more »

Vital Voices and Bank of America Hold 2017 Global Ambassadors Program in the United States, Providing Mentoring and Skills-Building to Women Entrepreneurs From Around the World

8 May 2017 | Business

May 8, 2017, 1:13 pm EDT Vital Voices and Bank of America Hold 2017 Global Ambassadors Program in the United States, Providing Mentoring and Skills-Building to Women Entrepreneurs From Around the Worldread more »

Mortgage Rates Dawdle Leading Up To Fed Announcement

5 May 2017 | Business

Mortgage rates were little changed leading up to this week's Federal Reserve announcement, with the benchmark 30-year fixed mortgage rate inching lower to 4.18 percent, according to Bankrate.com's weekly national survey. read more »

Federal Reserve Board announces termination of enforcement actions with Four Oaks Bank & Trust Company, TransPecos Financial Corp, and TransPecos Banks

4 May 2017 | Business

Federal Reserve Board announces termination of enforcement actions with Four Oaks Bank & Trust Company, TransPecos Financial Corp, and TransPecos Banksread more »

Federal Reserve issues FOMC statement

3 May 2017 | Business

Federal Reserve issues FOMC statementread more »

As Economic Optimism Grows, Miami Small Business Looks to Increase Revenues and Financing in the Year Ahead, According to Bank of America Survey

2 May 2017 | Business

May 2, 2017, 9:00 am EDT As Economic Optimism Grows, Miami Small Business Looks to Increase Revenues and Financing in the Year Ahead, According to Bank of America Surveyread more »

Greater Washington, D.C. Small Businesses More Optimistic About Growth Plans and Revenue Outlook Than Peers Nationwide, According to Bank of America Survey

2 May 2017 | Business

May 2, 2017, 9:00 am EDT Greater Washington, D.C. Small Businesses More Optimistic About Growth Plans and Revenue Outlook Than Peers Nationwide, According to Bank of America Surveyread more »

Bay Area Small Business Owner Confidence in the National Economy Is the Lowest Among Markets Surveyed, According to Bank of America Report

2 May 2017 | Business

May 2, 2017, 9:00 am EDT Bay Area Small Business Owner Confidence in the National Economy Is the Lowest Among Markets Surveyed, According to Bank of America Reportread more »

New York City Small Businesses More Optimistic About Economy and Long-Term Growth

2 May 2017 | Business

May 2, 2017, 9:00 am EDT New York City Small Businesses More Optimistic About Economy and Long-Term Growthread more »

Los Angeles Small Business Revenue Expectations and Hiring Plans Decline From Six Months Ago, According to Bank of America Survey

2 May 2017 | Business

May 2, 2017, 9:00 am EDT Los Angeles Small Business Revenue Expectations and Hiring Plans Decline From Six Months Ago, According to Bank of America Surveyread more »

Dallas/Fort Worth Small Business Owner Economic Confidence Jumps, Among Highest in the Nation, According to Bank of America Survey

2 May 2017 | Business

May 2, 2017, 9:00 am EDT Dallas/Fort Worth Small Business Owner Economic Confidence Jumps, Among Highest in the Nation, According to Bank of America Surveyread more »

Houston Entrepreneurs’ Confidence in the Economy Jumps 35 Percent in Six Months, According to Bank of America Survey

2 May 2017 | Business

May 2, 2017, 9:00 am EDT Houston Entrepreneurs’ Confidence in the Economy Jumps 35 Percent in Six Months, According to Bank of America Surveyread more »

Optimism in the Economy Is on the Rise for Boston Small Business Owners, According to Bank of America Survey

2 May 2017 | Business

May 2, 2017, 9:00 am EDT Optimism in the Economy Is on the Rise for Boston Small Business Owners, According to Bank of America Surveyread more »

Atlanta Small Business Owners Are Increasingly Confident in the Economy as They Plan to Grow Their Business, According to Bank of America Survey

2 May 2017 | Business

May 2, 2017, 9:00 am EDT Atlanta Small Business Owners Are Increasingly Confident in the Economy as They Plan to Grow Their Business, According to Bank of America Surveyread more »

Chicago Small Business Hiring Plans and Revenue Expectations Decline from Six Months Ago, According to Bank of America Survey

2 May 2017 | Business

May 2, 2017, 9:00 am EDT Chicago Small Business Hiring Plans and Revenue Expectations Decline from Six Months Ago, According to Bank of America Surveyread more »

Federal Reserve Board announces approval of application by Simmons First National Corporation

28 Apr 2017 | Business

Federal Reserve Board announces approval of application by Simmons First National Corporationread more »

Mortgage Rates Show Slight Rebound

28 Apr 2017 | Business

After falling for three consecutive weeks, mortgage rates reversed course this week, with the benchmark 30-year fixed mortgage rate now 4.19 percent, according to Bankrate.com's weekly national survey. read more »

Bank of America Declares Quarterly Stock Dividends

26 Apr 2017 | Business

Bank of America Corporation today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.075 per share, payable June 30, to shareholders of record as of June 2.

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Federal Reserve Board announces approval of application by Community Bank System, Inc.

26 Apr 2017 | Business

Federal Reserve Board announces approval of application by Community Bank System, Inc. read more »

Bank of America Announces Preliminary Voting Results of 2017 Annual Meeting of Stockholders

26 Apr 2017 | Business

Bank of America Corporation today announced preliminary results ofread more »

H15: Correction of Treasury rates for April 14, 2017, and the week ending April 14, 2017

25 Apr 2017 | Business

Incorrect Treasury rates for April 14, 2017, were received from the external provider of this information beginning on April 21, 2017. The H.15 has been updated to correct the inaccurate rates.read more »

Agencies announce Wells Fargo has remediated resolution plan deficiencies

24 Apr 2017 | Business

Agencies announce Wells Fargo has remediated resolution plan deficienciesread more »

Federal Reserve announces two enforcement actions against Deutsche Bank AG that will require bank to pay a combined $156.6 million in civil money penalties

20 Apr 2017 | Business

Federal Reserve announces two enforcement actions against Deutsche Bank AG that will require bank to pay a combined $156.6 million in civil money penaltiesread more »

G17: Introduction of Reliability Estimates for Industrial Production Indexes

18 Apr 2017 | Business

With the G.17 statistical release on April 18, 2017, the Federal Reserve Board began publishing estimates of the reliability of the levels and the rates of change (monthly and quarterly) of the reported production indexes for total industry, manufacturing, mining, and utilities. The reliability estimates are designed to give data users a sense of the typical range into which a statistic will likely end up after its final (fifth) revision in a monthly release. The reliability estimates are based on the revision history for the indexes back to 2008; each G.17 release will include estimates for those months and quarters for which either new or updated estimates were issued that month. A detailed explanation is available on the Board's website at https://www.federalreserve.gov/releases/g17/revisions/Current/DefaultRev.htm. The reliability estimates are issued in table 15 of the G.17 releaseread more »

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

18 Apr 2017 | Business

Industrial production and capacity utilization data for March 2017 are now available.Industrial production increased 0.5 percent in March after moving up 0.1 percent in February. The increase in March was more than accounted for by a jump of 8.6 percent in the output of utilities-the largest in the history of the index-as the demand for heating returned to seasonal norms after being suppressed by unusually warm weather in February. Manufacturing output fell 0.4 percent in March, led by a large step-down in the production of motor vehicles and parts; factory output aside from motor vehicles and parts moved down 0.2 percent. The production at mines edged up 0.1 percent. For the first quarter as a whole, industrial production rose at an annual rate of 1.5 percent. At 104.1 percent of its 2012 average, total industrial production in March was 1.5 percent above its year-earlier level. Capacity utilizatiread more »

Bank of America Reports First-Quarter 2017 Financial Results

18 Apr 2017 | Business

Bank of America reported its first-quarter 2017 financial results today.read more »

E-Commerce Fraud Increased 33 Percent In 2016

17 Apr 2017 | U.S. News

Understanding where fraud takes place matters so businesses and consumers can be diligent in protecting themselves. Fraudsters continue to migrate their activities online as more merchants switch to EMV terminals and consumers receive chip-and-pin credit cards. read more »

Bank of America Declares Preferred Dividends

14 Apr 2017 | Business

Bank of America Corporation today announced the Board of Directors has authorized regular cash dividends on the outstanding shares or depositary shares of the following series of preferred stock: ...

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Federal Reserve Board announces approval of application by Nordea Bank AB

13 Apr 2017 | Business

Federal Reserve Board announces approval of application by Nordea Bank ABread more »

Phoenix-Area Homeowners View Home as an Asset, Look for Ways to Increase Value

12 Apr 2017 | Business

Experienced buyers in the Phoenix metro area are more likely to view their home as a financial asset rather than an element of their personality, according to the second annual Bank of America Homebuyer Insights Report. When asked how to best describe their current home, more local homeowners (49 percent) than those nationally (36 percent) and any of the 10 markets surveyed said a financial investment. Fewer than three in 10 said a reflection of their personality.

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St. Louis-Area Homeowners Buy With Family in Mind

12 Apr 2017 | Business

For St. Louis-area homeowners, family plays a major role in the homebuying decision, according to the second annual Bank of America Homebuyer Insights Report. Compared to the national average (35 percent) and all other markets surveyed, St. Louis homeowners (51 percent) purchased their first home for familial reasons, including marriage and children. Additionally, 59 percent of experienced buyers in St. Louis associate homeownership as family, higher than any of the 10 local markets surveyed.

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New York-Area Homebuyers Prepare, Live With Mom and Dad

12 Apr 2017 | Business

While they prepare for their first home purchase, many prospective buyers in the New York metro area are living with mom and dad, according to the second annual Bank of America Homebuyer Insights Report.read more »

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