Category: Business » Banking

Federal banking agencies propose extension of certain capital rule transitions

22 Aug 16:00 | 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 14:00 | 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 11:00 | Business

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

BofA Merrill Brings Artificial Intelligence to Accounts Receivables

22 Aug 09:04 | Business

Matching incoming payments with invoices has long been a frustration for companies. Many valuable hours are spent trying to determine who’s paying for what. Today, Bank of America Merrill Lynch is pleased to announce a new solution – Intelligent Receivables – that uses artificial intelligence (AI) and other software to help companies vastly improve their straight-through reconciliation (STR) of incoming payments to help them post their receivables faster.

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

18 Aug 02:08 | Business

Industrial production and capacity utilization data for July 2017 are now available.Industrial production rose 0.2 percent in July following an increase of 0.4 percent in June. In July, manufacturing output edged down 0.1 percent; the production of motor vehicles and parts fell substantially, but that decrease was mostly offset by a net gain of 0.2 percent for other manufacturing industries. Following a six-month string of increases beginning in September 2016, factory output was little changed, on net, between February and July. The indexes for mining and utilities in July rose 0.5 percent and 1.6 percent, respectively. At 105.5 percent of its 2012 average, total industrial production was 2.2 percent above its year-earlier level. Capacity utilization for the industrial sector was unchanged in July at 76.7 percent, a rate that is 3.2 percentage points below its long-run (1972-2016) average.read more »

G17: G.17 Release Dates for 2018 Announced

18 Aug 02:08 | Business

The 2018 release dates for the G.17 were announced today. The 2018 release dates are as follows: January 17, February 15, March 16, April 17, May 16, June 15, July 17, August 15, September 14, October 16, November 16, and December 14read more »

Federal Reserve Board issues enforcement action with Heartland Bank

17 Aug 11:00 | Business

Federal Reserve Board issues enforcement action with Heartland Bankread more »

Keeping up With the Digital Natives

17 Aug 09:03 | Business

Digital natives’ obsession with technology is set to change the world asread more »

Minutes of the Federal Open Market Committee, July 25-26, 2017

16 Aug 14:00 | Business

Minutes of the Federal Open Market Committee, July 25-26, 2017read more »

World Record-Holders and Defending Champions Lead 40th Anniversary Bank of America Chicago Marathon International Elite Athlete Field

16 Aug 10:06 | Business

The Bank of America Chicago Marathon announced today that several international running stars are joining its 40th anniversary elite athlete field. Leading the charge are defending champions Abel Kirui (KEN) and Florence Kiplagat (KEN). Their strongest challengers are current marathon and course record-holder Dennis Kimetto (KEN); current half marathon world record-holder Zersenay Tadese (ERI); and three-time Olympic gold medalist, current 5,000m world record-holder, and the third-fastest woman in history over 42K, Tirunesh Dibaba (ETH).

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Federal Reserve announces results of offering of seven-day term deposits on August 10

10 Aug 2017 | Business

Federal Reserve announces results of offering of seven-day term deposits on August 10read more »

Federal Reserve Board issues guidelines to evaluate requests for joint accounts at Federal Reserve Banks

9 Aug 2017 | Business

Federal Reserve Board issues guidelines to evaluate requests for joint accounts at Federal Reserve Banksread more »

G17: Annual data on manufacturing investment and capital have been released

8 Aug 2017 | Business

The Federal Reserve released updated annual information on the real capital stock and both nominal and real investment for detailed industries within the manufacturing sector based on a variety of data sources. These data by industry and broad asset class are provided to the National Bureau of Economic Research-Center for Economic Studies (NBER-CES) Manufacturing Industry Database.]>2017-08-08T13:00:00-04:00enFRBend=9999-12-31T00:00:00-05:00Annual data on manufacturing investment and capital have been released2017-08-08T13:00:00-04:00G17SLOOS: SLOOS Data Download Program (DDP) release cread more »

Agencies extend resolution plan filing deadline for certain foreign and domestic banks

8 Aug 2017 | Business

Agencies extend resolution plan filing deadline for certain foreign and domestic banksread more »

Past Champions and World Record-Holders Return to Chicago as Race Ambassadors to Celebrate the 40th Anniversary of the Bank of America Chicago Marathon

8 Aug 2017 | Business

The Bank of America Chicago Marathon announced today that running legends and past champions Steve Jones (1984, 1985), Khalid Khannouchi (1997, 1999, 2000, 2002), Catherine Ndereba (2000, 2001), Paula Radcliffe (2002) and Deena Kastor (2005) will return as race ambassadors to celebrate the 40th anniversary of the Bank of America Chicago Marathon on October 8.

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SLOOS: SLOOS Data Download Program (DDP) release correction

7 Aug 2017 | Business

On August 7, 2017, the SLOOS DDP files were reposted to correct for missing July survey data. The HTML version of the release was correct as posted.read more »

Bank of America Merrill Lynch Launches One-Stop Collection Solution in China

7 Aug 2017 | Business

August 7, 2017, 9:00 pm EDT Bank of America Merrill Lynch Launches One-Stop Collection Solution in Chinaread more »

Bank of America Announces Quarterly Financial Reporting Dates

7 Aug 2017 | Business

Bank of America today announced the following reporting dates for quarterly financial results.

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Federal Reserve Board invites public comment on two proposals; corporate governance and rating system for large financial institutions

3 Aug 2017 | Business

Federal Reserve Board invites public comment on two proposals; corporate governance and rating system for large financial institutionsread more »

Federal Reserve to offer seven-day term deposits on August 10

3 Aug 2017 | Business

Federal Reserve to offer seven-day term deposits on August 10read more »

E2: E.2 Data Correction

2 Aug 2017 | Business

On August 2, 2017, the E.2 release was reposted to correct erroneous duplication of Q1 survey data. The change affects both HTML and DDP versions of the release.read more »

Shared National Credit review finds risk remains high, but underwriting and risk management continue to improve

2 Aug 2017 | Business

Shared National Credit review finds risk remains high, but underwriting and risk management continue to improveread more »

G17: Seasonal factors for motor vehicle sales have been released

1 Aug 2017 | Business

The Federal Reserve has re-estimated seasonal factors for motor vehicle sales, using data through April 2017. These factors are estimated once per year using X12-ARIMA. The factors will be revised again in summer 2018. A comma-delimited text file containing these seasonal factors is available for download.]>2017-08-01T10:00:00-04:00enFRBend=9999-12-31T00:00:00-05:00Seasonal factors for motor vehicle sales have been released2017-08-01T10:00:00-04:00G17G17: G.17 Data for June 2017 are now availablehttp://www.fedread more »

Federal Reserve Board issues enforcement actions with Mesquite Financial Services, Inc., Federal One Holdings, LLC, and Admirals Bancorp, Inc. and announces termination of enforcement action with First St. Charles Bancshares, Inc.

1 Aug 2017 | Business

Federal Reserve Board issues enforcement actions with Mesquite Financial Services, Inc., Federal One Holdings, LLC, and Admirals Bancorp, Inc. and announces termination of enforcement action with First St. Charles Bancshares, Inc.read more »

Federal Reserve Board announces termination of enforcement action with M&T Bank Corporation and Manufacturers & Traders Trust Company

27 Jul 2017 | Business

Federal Reserve Board announces termination of enforcement action with M&T Bank Corporation and Manufacturers & Traders Trust Companyread more »

Bank of America and PayPal Partner to Enable In-Store Payments and Account Linking

26 Jul 2017 | Business

Bank of America [NYSE: BAC] and PayPal [NASDAQ: PYPL] today announced a read more »

Federal Reserve issues FOMC statement

26 Jul 2017 | Business

Federal Reserve issues FOMC statementread more »

Bank of America Declares Quarterly Stock Dividends

26 Jul 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 $0.12 per share, payable September 29, to shareholders of record as of September 1. As previously announced, the dividend amount represents an increase of 60 percent from the previous quarterly dividend.

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Federal Reserve Board prohibits former foreign exchange (FX) trader from participating in banking industry for practices regarding FX pricing benchmarks

24 Jul 2017 | Business

Federal Reserve Board prohibits former foreign exchange (FX) trader from participating in banking industry for practices regarding FX pricing benchmarksread more »

Federal Reserve commends efforts as Faster Payments Task Force concludes

24 Jul 2017 | Business

Federal Reserve commends efforts as Faster Payments Task Force concludesread more »

Hiring Risk Executives To Protect US Banks Backfired, Contributing To 2008 Crash

21 Jul 2017 | Business

When America's major banks created executive positions to reduce exposure to financial risk more than a decade ago, their intent was similar to an employer who designates a fire warden to protect a workplace against smoke and flames. However, the unintended consequence was like giving the fire warden job to a pyromaniac.read more »

Federal regulatory agencies announce coordination of reviews for certain foreign funds under "Volcker Rule"

21 Jul 2017 | Business

Federal regulatory agencies announce coordination of reviews for certain foreign funds under "Volcker Rule"read more »

Two-Time Olympic Medalist Galen Rupp and American Marathon Debut Record Holder Jordan Hasay Headline Strong Field of American Runners at the 40th Annual Bank of America Chicago Marathon

20 Jul 2017 | Business

The Bank of America Chicago Marathon announced today that two-time Olympic medalist Galen Rupp and American marathon debut record holder Jordan Hasay will lead a deep field of American contenders at the 40th annual Bank of America Chicago Marathon. Adding an exclamation point to the elite athlete field, 1984 Olympic gold medalist and 1985 Chicago Marathon champion Joan Benoit Samuelson will toe the line in an attempt to set an age group world record.

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Federal Reserve Board announces approval of applications by Regions Bank

19 Jul 2017 | Business

Federal Reserve Board announces approval of applications by Regions Bankread more »

Federal banking agencies issue notice of proposed rulemaking to exempt commercial real estate transactions of $400,000 or less from appraisal requirements

19 Jul 2017 | Business

Federal banking agencies issue notice of proposed rulemaking to exempt commercial real estate transactions of $400,000 or less from appraisal requirementsread more »

Bank of America Unveils New Mobile Capability to Apply for Business Advantage Term Loans and Credit Lines

19 Jul 2017 | Business

Bank of America today announced enhancements to its mobile app read more »

Bank of America Reports Second-Quarter 2017 Financial Results

18 Jul 2017 | Business

Bank of America reported its second-quarter 2017 financial results read more »

Federal Reserve Board announces $246 million fine against BNP Paribas S.A. and certain of its U.S. subsidiaries for unsafe and unsound practices

17 Jul 2017 | Business

Federal Reserve Board announces $246 million fine against BNP Paribas S.A. and certain of its U.S. subsidiaries for unsafe and unsound practicesread more »

Bank of America Names Andy Crask Market President for Indianapolis

17 Jul 2017 | U.S. News

Bank of America today announced that Andy Crask has been appointed as market president, serving as the company’s enterprise leader in Indianapolis. In addition to his market president role, Crask was also named the market executive for Business Banking for Indiana.

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G17: Revised Estimates of Industrial Capacity

15 Jul 2017 | Business

The estimates for industrial capacity in 2017 were revised for today's G.17 release.The revisions reflect updated measures of physical capacity from various government and private sources as well as updated estimates of capital spending by industry. Measured from the fourth quarter of 2016 to the fourth quarter of 2017, capacity indexes for the industrial sector and for manufacturing are now expected to increase 1.1 percent and 0.7 percent, respectively; each gain is 0.1 percentage point higher than previously estimated. Mining capacity is now expected to rise 2.7 percent. This increase is 0.5 percentage point higher than previously estimated, primarily reflecting faster capacity growth for oil and gas extraction. The increase in capacity for utilities is unrevised at 0.7 percent.read more »

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

15 Jul 2017 | Business

Industrial production and capacity utilization data for June 2017 are now available.Industrial production rose 0.4 percent in June for its fifth consecutive monthly increase. Manufacturing output moved up 0.2 percent; although factory output has gone up and down in recent months, its level in June was little different from February. The index for mining posted a gain of 1.6 percent in June, just slightly below its pace in May. The index for utilities, however, remained unchanged. For the second quarter as a whole, industrial production advanced at an annual rate of 4.7 percent, primarily as a result of strong increases for mining and utilities. Manufacturing output rose at an annual rate of 1.4 percent, a slightly slower increase than in the first quarter. At 105.2 percent of its 2012 average, total industrial production in June was 2.0 percent above its year-earlier level. Capacity utilization forread more »

Minutes of the Board's discount rate meetings from June 5 and June 14, 2017

11 Jul 2017 | Business

Minutes of the Board's discount rate meetings from June 5 and June 14, 2017read more »

Federal Reserve Board announces approval of application by Veritex Holdings, Inc.

7 Jul 2017 | Business

Federal Reserve Board announces approval of application by Veritex Holdings, Inc.read more »

Mortgage Rates Continue To Rise

7 Jul 2017 | Business

Mortgage rates nudged higher for the third week in a row, as the benchmark 30-year fixed mortgage rate rose to 4.16 percent, according to Bankrate.com's weekly national survey. read more »

Euromoney Awards for Excellence 2017 Recognize Bank of America for Global Leadership in Corporate Social Responsibility and Advisory

7 Jul 2017 | Business

July 7, 2017, 4:00 am EDT Euromoney Awards for Excellence 2017 Recognize Bank of America for Global Leadership in Corporate Social Responsibility and Advisoryread more »

Federal Reserve Board appoints Mark E. Van Der Weide as general counsel

6 Jul 2017 | Business

Federal Reserve Board appoints Mark E. Van Der Weide as general counselread more »

Institute for Economic Empowerment of Women and Bank of America Advance Women Entrepreneurs in Rwanda and Afghanistan With PEACE THROUGH BUSINESS® Program

6 Jul 2017 | Business

July 6, 2017, 9:00 am EDT Institute for Economic Empowerment of Women and Bank of America Advance Women Entrepreneurs in Rwanda and Afghanistan With PEACE THROUGH BUSINESS® Programread more »

Agencies post public sections of resolution plans; announce deadline extension for two non-bank financial firms

5 Jul 2017 | Business

Agencies post public sections of resolution plans; announce deadline extension for two non-bank financial firmsread more »

Minutes of the Federal Open Market Committee, June 13-14, 2017

5 Jul 2017 | Business

Minutes of the Federal Open Market Committee, June 13-14, 2017read more »

Bank of America Declares Preferred Dividends

5 Jul 2017 | Business

22222222222222222222222222222222222222222222222Bank 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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