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Bank of America in the Spotlight for Abrupt Closure of Customer Account

Bank of America faces scrutiny after abruptly closing a customer's account without a clear explanation, leaving clients bewildered and seeking alternatives.

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Bank of America to Stop Supplying Dollar Bills to Angola, Residents are Encouraged to Use Euros, or Other Currencies Instead

Bank of America Corp. (BofA), who provides most of the dollar notes dispensed by banks in Angola, is stopping the supply of U.S. dollar bills to banks in Angola, two people familiar with the matter told Bloomberg. Angolan banks are encouraging residents to start using euros, South African or Chinese currencies instead as greenbacks become scarce.

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Brian Moynihan to Keep Chairman and CEO Title, 63% of Bank of America Shareholders Approve

The Bank of America (BofA) has announced in a press release that Brian Moynihan, the company’s chairman and CEO, will keep both of his posts after shareholders approved the proposal to ratify the 2014 amendments to the company’s bylaws that permitted the board of directors to determine its leadership structure.

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Two Large Pension Funds Oppose Bank of America's Joint CEO-Chairman Role

The California Public Employees' Retirement System (Calpers) and the California State Teachers' Retirement System (Calstrs) have opposed Bank of America’s amendment of the company’s bylaws that would allow Brian Moynihan to continue as the bank’s chairman and CEO, according to a report from Reuters.

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Bank of America to hold Vote this Year Regarding Moynihan's Chairman Status

The Bank of America will be holding the shareholder vote this year to determine if Brian Moynihan, CEO of Bank of America, can keep his chairman title, according to a report from the Wall Street Journal.

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Top US Companies to Pledge $140 Billion in Investments in Support of White House Climate Change Drive

Several top U.S. companies have promised to support the Obama administration's latest initiative to address climate change, committing $140 billion in investments to reduce carbon emissions ahead of a United Nations summit this year.

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New York to Sue Wells Fargo Over Mortgage Settlement

A top New York prosecutor is preparing to sue Wells Fargo over a mortgage settlement.

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Bank of America Sells Remaining Shares in China Construction Bank

Bank of America is selling its remaining shares in the China Construction Bank Corp.

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Bank of America Layoffs: Company Eliminates Over 1,100 Mortgage and Consumer Banking Positions

Bank of America is eliminating over 1100 mortgage and consumer banking jobs

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