Bank of America is a financial institution operating in five segments: Consumer & Business Banking, which offers a range of credit, banking and investment products and services to consumers and businesses; Consumer Real Estate Services, which provides a line of consumer real estate products and services; Global Wealth & Investment Management, which provides wealth management solutions; Global Banking, which provides a range of lending-related products and services, and Global Markets, which offers sales and trading services. The company was founded in 1874 and is based in Charlotte, North Carolina.
Bank of America ([[BAC]] +0.4%) employees in the U.S. will start returning to offices in phases after Labor Day, Bloomberg reports, citing a memo to the bank's staff.The return is likely to be limited at first, according to a person with knowledge of the matter.The moves will depend on the...
Bank of America Corporation announced today that it will redeem on July 21, 2020 all $1,000,000,000 principal amount outstanding of its Floating Rate Senior Notes, due July 2021 (CUSIP No. 06051GGN3) (the "Floating Rate Notes"), and all $2,500,000,000 principal amount outstanding of its 2.369% Fixed/Floating Rate Senior Notes, due July 2021 (CUSIP No. 06051GGP8) (the "Fixed/Floating Rate Notes" and, together with the Floating Rate Notes, the "Senior Notes").
Bank of America workers won't begin going back to their offices until after Labor Day, Sept. 7, as the coronavirus continues to rage. "In the U.S., as we look at the environment and follow our commitment to provide 30 days' notice, we have decided to make it simple: returns will start after Labor Day, Sept. 7," the bank announced in a memo to its workforce Wednesday that was seen by Bloomberg. A bank spokesman confirmed the contents of the memo to Bloomberg.
American companies are coming under increasing pressure from investors to publicly disclose information about diversity among employees in the wake of nationwide protests against racial discrimination. Many executives have pledged to champion equality in response to the Black Lives Matter demonstrations across the United States and beyond. The goal of global investors increasingly focused on social and governance issues is to gain a common metric on racial diversity to compare companies and hold them to account on their pledges, building on a drive to improve gender equality.