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Bank of America Slashes Fees for Account Overdrafts
Bank of America is slashing the amount it charges customers when they spend more than they have in their accounts and plans to eliminate entirely its fees for bounced checks
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Bank of America Says 58,000 Small Businesses Have Asked for $6 Billion in Loans Since 9 a.m.
Bank of America said Friday it is now capable of accepting online applications for the government’s $350 billion small business relief program, becoming the first major bank to do so.
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Bank of America Customers Impacted by Coronavirus May Be Able to Defer Mortgage Payments
Bank of America said some customers can request to defer payments on financial products such as mortgage loans and credit cards as part of the bank’s assistance program for consumers and small businesses impacted by the coronavirus pandemic.
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Thank You For Your Service! Veterans Honored at Events Around Boston
Veterans will be honored at a number of events across the Greater Boston area, Monday. In Boston, veterans will be treated to a breakfast from 7:30 a.m. to 9:30 a.m. at the New England Center and Home for Veterans. Former Patriots linebacker Steve Nelson teamed up with Bank of America to sponsor the event.
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Brigid Kosgei Breaks World Record at 2019 Bank of America Chicago Marathon
Brigid Kosgei has just won the 2019 Bank of America Chicago Marathon in world record fashion.
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Chicago Marathon 2019: Lawrence Cherono Wins Men's Race
Lawrence Cherono of Kenya has just won the 2019 Bank of America Chicago Marathon in stunning fashion.
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Dow Tanks 800 Points in Worst Day of 2019 After Bond Market Sends Recession Warning
Stocks plunged Wednesday in the Dow Jones Industrial Average’s worst performance of 2019 after the bond market flashed a troubling signal about the U.S. economy. The Dow dropped 800.49 points or 3.05% to 2,5479.42, its worst percentage drop of the year and fourth-largest point drop of all time.
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Wage Growth Is Hot and More Raises Are Coming, Major Employers Tell CNBC
The latest jobs report for April showed wage growth picking up steam. And it looks like employment income is going to stay moving that way, according to a new survey from CNBC of chief financial officers at major corporations. Cost of labor will be by far the biggest cost that companies face over the next six months, according to the...
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Bank of America Is Raising Its Minimum Wage for Employees to $20 an Hour
Bank of America is raising the minimum wage for employees this year and plans to hike it to $20 an hour in two years. “If you get a job at Bank of America, you’ll make $41,000,” Chairman and CEO Brian Moynihan told MSNBC on Tuesday. “With the success our company has … we have to share that success with our...
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Take Back Your Privacy: Stopping Fraudulent E-Money Transfers
Jenny Racioppi was at a family gathering at her North Reading, Massachusetts home last November when she received a call from Bank of America, informing her of some suspicious activity on her account. That’s when Racioppi noticed a series of alarming emails in her inbox. First, an alert from Bank of America, notifying her of a password change to her...
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‘Miracle on the Hudson' Flight Survivors Mark Decade of Thankfulness
It’s been 10 years, but there isn’t anything Tripp Harris doesn’t remember about the cold January day he cheated death on US Airways flight 1549.
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Markets Plummet in Worst Christmas Eve Trading Day Ever
U.S. stocks plunged on Monday in their worst Christmas Eve trading ever, as the S&P 500 entered a bear market, CNBC reported. The Dow Jones Industrial Average dropped by 653 points, falling below 22,000. The S&P 500 fell 2.7 percent and the Nasdaq Composite Index slid 2.2 percent. Investor confidence has been weighed down by turmoil in Washington, and the markets responded.
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Chester County Attorney Uses Ex-Wife's Accounts for Strip Clubs, Porn and Affair, Police Say
A local attorney who was already charged with defrauding his clients was arrested again for allegedly using his ex-wife’s accounts to spend money on strip clubs, pornography and an extramarital affair.
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Houston-Area ATM Mistakenly Dispenses $100 Bills, Not $10s
Bank of America says customers who received $100 bills instead of $10 bills at a Houston-area ATM can keep the extra cash.
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Bank of America Chairman and CEO Brian Moynihan
Brian Moynihan, chairman and CEO of Bank of America, addresses the Chief Executives’ Club of Boston.
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New Loan Money Available to Merrimack Valley Businesses
As small business owners remain without gas in Merrimack Valley after last month’s fires and explosions, they are getting some much-needed help.
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Boston Mayor Marty Walsh Presents Plans to Combat Climate Change, Protect City From Rising Seas
Boston’s mayor is proposing transforming the city’s booming but low-lying waterfront to protect it from climate change and rising sea levels. Democratic Mayor Marty Walsh announced his “Resilient Boston Harbor” plan Wednesday in his annual speech to the Greater Boston Chamber of Commerce.
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See It: Heartwarming Show of Support Between Top Marathon Racers
Mo Farah and Galen Rupp may have been battling it out on the pavement in the 2018 Bank of America Chicago Marathon, but the former training partners didn’t let the competition get in the way of friendship.
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Wells Fargo to Pay $2.1 Billion for Role in Housing Bubble
Wells Fargo agreed Wednesday to pay a $2.1 billion fine to settle allegations it misrepresented the types of mortgages it sold to investors during the housing bubble that ultimately led to the 2008 financial crisis.