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Global ESG bond sales hit $150B in January bonanza
Data show the highest levels of activity for the month since the green debt market began in 2007
BofA strategist boosts S&P 500 target to 4,600
Year-end gain would be around 3.5% from Tuesday close.
Bank of America earns highest marks for retail bank financial advice: J.D. Power
However, most retail banks are falling short of customers' expectations when it comes to the advice and guidance they get from their banks.
Financial wellness still has room for improvement, younger workers say
Only 24% of young adults strongly agree that their employer has policies or structures in place to support work-life balance.
Anti-ESG group targets Bank of America
Will Hild’s Consumers’ Research is focusing on the second-largest US bank in its latest push against sustainable investing.
Merrill to pay $1.4 million over telemarketing violations
The company, which self-reported the issue, signed separate consent orders with Finra and the New Hampshire Bureau of Securities Regulation.
Merrill COO Kirstin Hill to leave firm, following Sieg’s departure
Some of Hill's responsibilities will be handed off to Jeff Busconi, who holds the newly created position of head of wealth management strategy, products and services.
Six biggest banks on Wall Street failing key ESG test, study says
JPMorgan, Bank of America, Citigroup are listed as falling short in an analysis by Ceres and the Transition Pathways Initiative.
How stocks of wealth management firms are holding up this year
Focus Financial is going private. There’s a banking crisis. What has the impact been on these companies?
First Republic gets $30 billion in fresh deposits in bank rescue
The plan, which the banks devised with US regulators, is meant to stave off a widening panic in the wake of regulators' seizure of Silicon Valley Bank and Signature Bank over the past week.
Major banks in talks to deposit up to $30 billion with First Republic
JPMorgan, Citigroup and Bank of America are among the big banks that are part of the discussion. Details of the rescue may be announced as soon as Thursday.
Merrill still hanging ‘Help Wanted’ sign for advisors in 2023
The wealth management franchise at Bank of America continued to perform well in 2022 despite the stock market sell-off.
BofA beats loan-revenue estimates amid rising rates
Net interest income rose 24% in the third quarter as the bank reaps the benefits of the Fed's interest rate hikes.
Wall Street banks hire WhatsApp cops after being hit with big fines
In court documents, the SEC described at least a few senior managers at each firm who engaged in rampant texting with colleagues and clients.
Wall Street firms hit with $2 billion in fines in WhatsApp probe
The penalties levied against firms including Citigroup, Bank of America and Goldman Sachs constitute the largest-ever penalties against US banks for record-keeping lapses.
Less financially stressed employees tend to stick around
A report from Bank of America shows financial wellness tools can help companies reduce attrition and attract more qualified employees.
New thinking on neurodiversity opens doors for advisers
Autism, Asperger's, dyslexia and other neurological differences open surprising opportunities for talent and employers.
Bank of America forms wealth management banking and lending group
The new organization, which comprises about 3,500 employees, seeks to expand the firm's offerings for affluent clients increasingly sought by rivals.
Putnam hires ESG leader from BofA
Jackie VanderBrug has been appointed Putnam’s head of sustainability strategy, reporting to CEO Robert Reynolds.
Private bankers from Wells Fargo, BofA form RIA
Startup Fidelis Capital has offices in Tampa and Dallas; the bankers advised on almost $6 billion in AUM at their former firms.
