July 14, 2020

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FOREX-Dollar falls on Bank of America results; euro up

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A few months ago, no one could have foreseen how bad the first quarter earnings numbers of Bank of America would become, and even more how large the uncertainty on notably the second quarter earnings report and the remainder of the year would be.. Contrary to some other big banks which traditionally report in the same week, including a premier name like JPMorgan Chase (), is that shares … ...read more

 

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Bank of America: Sees EURUSD at 1.0800 by end of 3Q

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Bank of America to give U.S. staff paid time off for COVID-19 vaccinations: memo (Reuters) - Bank of America Corp (NYSE:BAC) said on Friday its employees in the United States will get paid time off when it is their turn for the COVID-19 vaccine, according to a memo seen by Reuters. ...read more

 

Wall Street Regulator Tags Bank of America with $7.2

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Bank of America’s (BAC) Merrill Lynch has previously faced similar allegations of invoicing errors, which occurred from 2006 to 2011 and got the company into trouble with regulators. In 2014, the wirehouse agreed to pay $8 million in fines and also reimburse $24.4 million to its affected customers while addressing a long-term problem of controlling fees that erode investor returns. ...read more