China's new rule to chase income tax on offshore trusts, a popular structure adopted by many Hong Kong and US-listed Chinese companies' shareholders, could pose short-term risks on certain shares as payment deadline approaches, according to BofA Securities
Bank of America is scaling AI across its workforce, targeting productivity gains, lower servicing costs and new infrastructure-driven revenue opportunities.
The Bank of England and the US Federal Reserve are asking global banks about their exposures to large trading firms after turmoil at hedge fund Situational Awareness caused large losses at Jane Street, the Financial Times reported on Monday.
CHARLOTTE, N.C., Sept. 18, 2026 /PRNewswire/ -- Bank of America Corporation today announced the Board of Directors has authorized regular cash dividends on the outstanding shares or depositary shares of the following series of preferred stock: Series of Preferred Stock Dividend per Share or Depositary Share 1 Record Date Payment Date 7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L $18.1250000 October 1 October 30 5.875% Non-Cumulative Preferred Stock, Series HH $0.3671875 October 1 October 26 4.375% Non-Cumulative Preferred Stock, Series NN $0.2734375 October 15 November 3 6.625% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series OO $16.5625000 October 15 November 2 4.125% Non-Cumulative Preferred Stock, Series PP $0.2578125 October 15 November 2 4.375% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series RR $10.9375000 October 1 October 27 6.125% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series TT $15.3125000 October 1 October 27 6.250% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series UU $15.6250000 October 1 October 26 1 Each series of preferred stock, other than Series L, is represented by depositary shares.
“Father Time always wins.” That was Warren Buffett's line, according to The New York Times, on September 18, 2026, the day he announced he was stepping down as chairman of Berkshire Hathaway.
JPM, BAC, C, WFC and KEY face mixed earnings effects as the Fed's first rate hike in three years raises NII potential but pressures deposits.
Bank of America has hired Goldman Sachs banker Srijith Nair as head of Asia excluding China financial institutions group investment banking and Asia-Pacific insurance investment banking, according to an internal memo seen by Reuters on Thursday.
President Donald Trump has disclosed over 20,000 stock trades made over the past 12 months. The trades, which the White House says Trump has no knowledge of, span a wide range of sectors and dollar amounts.
Bank of America's finance chief went on air to calm investors while the stock quietly slid into its worst month in over a year. The reassurance he offered answers a different question than the one the market is actually asking.
A stock market correction of up to 20% may arrive sooner than most investors expect, but five Berkshire Hathaway holdings are already positioned to weather the storm while paying investors to wait.