Bank of America Corp is one of the largest financial institutions in the United States, with more than $2.5 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets.
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5 Min ReadOur top stories from January look at predictions for the workplace this year and how employers plan to tackle COVID-19 vaccinations.
4 Min ReadThe move is part of the effort by banks and other companies to promote racial equity and be more sensitive to the stresses on front-line employees.
1 Min ReadThe funds will be used to support housing, job training and aid for small businesses in communities that have been disproportionately affected by the pandemic.
5 Min ReadDemand has soared for mental health services as bank employees put in long hours, supervise kids while working at home and endure personal crises. Citi, BofA, Fifth Third and others are getting creative to help them decompress during the pandemic.
1 Min ReadCEO Brian Moynihan also said in an interview that the bank is helping clients affected by the coronavirus pandemic through increased commercial lending to companies and expanded forbearance for Main Street customers.
2 Min ReadJPMorgan Chase, Wells Fargo, Citigroup and U.S. Bancorp, along with 200 state-chartered banks and credit unions, have agreed to let borrowers skip payments for 90 days if their finances have been upended by the pandemic.
4 Min ReadWall Street’s nonstop aggressiveness is clashing with the demands of a deadly pandemic.
3 Min ReadIt’s another action taken by wealth management firms to safeguard employees and clients from the coronavirus.
7 Min ReadThe pandemic has upended staffing plans, sparked concerns about servicers’ capacity to handle the expected crush of missed payments, and even raised questions about their ability to stay afloat.
