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...Bank of America, the nation’s second-largest lender, said as it reported results on Tuesday that new loan growth stalled in the quarter, with BofA’s chief financial officer Alastair Borthwick calling lending...
...At Bank of America, rising deposit costs equalled two-thirds of new interest received in the quarter....
...Over the past two years, big banks such as JPMorgan Chase, Bank of America, Citigroup and Wells Fargo charged more for loans in lockstep with the Fed lifting interest rates, without passing on the increase...
...That’s a big takeaway from Bank of America’s latest global fund manager survey, which reveals the increasingly ebullient mood among investors....
...of the 4,500 existing banks in the US were also vulnerable....
...Some of the nation’s biggest banks say they also have seen growing economic pressure on lower-income consumers....
...Charts are conservative on purpose; the Corps of Engineers report says that the channel is dredged to a depth of 45 feet....
...Soak it in: Bank of America frequently updates this futile but oddly charming mosaic, showing the best-performing assets each year since the turn of the century....
...Prime example: Bank of America has recently been sending out warnings, which it calls “letters of education”, to employees who are not meeting their office attendance minimums....
...Let’s consider Bank of America which has $603bn* of securities with $132bn of unrealised losses. If you divide a bank’s interest income by assets, and interest expense by liabilities, you get a yield....
...Only 17 per cent of the fund managers polled by Bank of America expect a so-called hard landing — which typically implies a recession — for global growth, the smallest proportion in 19 months....
...The US has eight G-SIBs: JPMorgan, Citigroup, Bank of America, Goldman Sachs, Morgan Stanley, Bank of New York Mellon, State Street and Wells Fargo....
...Bank of America has sent “letters of education” to employees who have not been showing up at the office, warning them of disciplinary action, in the latest move from a large company to push staff back to...
...The top six banks have all done better than that — with the unhappy exception of Citi: JPM, Bank of America, Wells and US Bank all outgrew the banking system despite being in the top ten by size back in...
...In 2021, Bank of America’s equivalent of the North American air defence system started flashing warning lights....
...Bank of America analysts said the capital raise and new leadership should “provide breathing room” to the bank....
...After the financial crisis, banks have actively taken down their mortgage exposure. Bank of America, for example, has cut its home equity loan portfolio from more than $150bn in 2009 to $25bn....
...Private equity halts stake sales amid war in Gaza It is not just students at America’s top universities protesting Israel’s war in Gaza....
...Roughly $10bn of so-called private credit loans have been refinanced in public markets, as borrowers pay down burdensome loans in favour of a cheaper alternative, according to data from Bank of America....
...That would leave UK inflation above the Bank of England’s 2 per cent target, which may help persuade the central bank not to make extensive rate cuts this year....
...Analysts at Bank of America think late fees represent between 14 per cent and 30 per cent of the companies’ credit card revenue....
...Capital One, known in America for its “What’s in your wallet?” advertising slogan delivered by celebrities such as Samuel L Jackson and Jennifer Garner, is the 12th-biggest US bank by assets....
...Despite this, in recent days executives from the country’s four largest banks — JPMorgan Chase, Bank of America, Citigroup and Wells Fargo — said during earnings calls that consumers were resilient....
...Back then, the collapse of Silicon Valley Bank, Signature Bank and First Republic in the space of just two months set off a crisis of confidence in the sector....
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