Bank of America

Business News: Merrill Edge Hits $200 Billion in Assets Under Management

Earns Five-Star Rating in Both Research and User Experience from Kiplinger’s “Best Online Brokers” Survey Bank of America announced yesterday that Merrill Edge® has surpassed $200 billion in investment assets under management and more than 2.5 million accounts.  Merrill Edge’s growth represents a 54 percent increase over the past three years. Merrill Edge is a … Continue reading Business News: Merrill Edge Hits $200 Billion in Assets Under Management

Ryan Van Wagenen and Growth in Energy Private Equity Based in Texas

Ryan Van Wagenen – Ryan Van Wagenen notes that there is a significant growth in energy private equity in Texas. There are many private equity firms throughout the state. In fact, Orion Energy Partners LP, a private equity company based in New York recently announced the opening of their first office in Texas. Just a … Continue reading Ryan Van Wagenen and Growth in Energy Private Equity Based in Texas

NEW YORK | Bank of America 2Q profits jump 33 percent due to tax law

NEW YORK — Bank of America is reporting a 33 percent jump in second-quarter profits as it cut expenses and benefited from the new tax law. The banking giant, based in Charlotte, North Carolina, said Monday it earned $6.78 billion, or 63 cents per share, up from $4.75 billion, or 44 cents a share, in … Continue reading NEW YORK | Bank of America 2Q profits jump 33 percent due to tax law

GAINESVILLE, Ga. | Corporate America: New steps to curtail sales of firearms

GAINESVILLE, GA — With Gary Ramey’s fledgling gun-making business taking off in retail stores, he decided to start offering one of his handguns for sale on his website. That didn’t sit well with the company he used to process payments, and they informed him they were dropping his account.  Another credit card processing firm told … Continue reading GAINESVILLE, Ga. | Corporate America: New steps to curtail sales of firearms

Report: Wage Theft is Pervasive in Corporate America; Big Banks, Insurers are Among Most-Penalized Firms

WASHINGTON, – A new report by Good Jobs First finds that many large corporations operating in the United States have boosted their profits by forcing employees to work off the clock, cheating them out of required overtime pay and engaging in similar practices that together are known as wage theft. An analysis of federal and … Continue reading Report: Wage Theft is Pervasive in Corporate America; Big Banks, Insurers are Among Most-Penalized Firms

NEW YORK | Bank of America 1Q profits rise to record $6.9 billion

NEW YORK | April 16, 2018 (AP)(STL.News)Bank of America’s profits rose to a record $6.9 billion last quarter thanks in part to the new tax law and higher interest rates. The consumer banking giant earned $6.92 billion, or 62 cents per share, up from $5.34 billion, or 45 cents a share, from the same period … Continue reading NEW YORK | Bank of America 1Q profits rise to record $6.9 billion

PNC Bank partners with its 1st sports league in NASCAR deal

CHARLOTTE, N.C. /March 23, 2018 (AP)(STL.News) — PNC Bank has partnered with a professional sports league for the first time by becoming NASCAR’s official bank and official wealth management company. PNC will leverage its partnership with NASCAR to expand its footprint across the country and U.S. military bases abroad. The deal announced Friday gives PNC … Continue reading PNC Bank partners with its 1st sports league in NASCAR deal

Bank of America 4Q profits fall by 48 percent due to tax law

NEW YORK/January 17, 2018 (AP)(STL.News) — Bank of America said Wednesday that its fourth-quarter profits fell by nearly half from a year ago, as the bank had to book $2.9 billion in charges related to the new tax law. The consumer banking giant said it earned $2.37 billion, or 20 cents a share, down from $4.54 billion, … Continue reading Bank of America 4Q profits fall by 48 percent due to tax law