Bank of America

New York News: Queens Man, James Bayfield Sentenced to 21 Months in Prison for Defrauding Mortgage Lending Institutions

Brooklyn, N.Y. – Earlier today, in federal court in Brooklyn, James Bayfield was sentenced by United States District Judge Eric N. Vitaliano to 21 months’ imprisonment, to be followed by three years of supervised release, for conspiracy to commit bank and wire fraud. Bayfield was also ordered to pay $184,651 in forfeiture. Bayfield, a self-described … Continue reading New York News: Queens Man, James Bayfield Sentenced to 21 Months in Prison for Defrauding Mortgage Lending Institutions

Business News: Bank of America Merrill Lynch Enhances Foreign Exchange Payments Using Data Analytics

AutoFX Helps Financial Institutions Conduct Cross-Border Transactions CHARLOTTE, NC – Bank of America Merrill Lynch yesterday announced enhancements to AutoFX, its automated currency conversion product for financial institutions.  The new capability uses data analytics to make settlements faster, less expensive and more certain for the sending bank. AutoFX now also allows users to customize criteria … Continue reading Business News: Bank of America Merrill Lynch Enhances Foreign Exchange Payments Using Data Analytics

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