Several state treasurers and other officials sent a letter to Bank of America warning the banking giant of apparently targeting customers with conservative politics by de-banking them—however, Tennessee State Treasurer David Lillard's signature was absent.
Greatmark Investment Partners Inc. lowered its holdings in Bank of America Co. (NYSE:BAC) by 3.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 229,410 shares of the financial services provider’s stock after selling 9,357 shares during the quarter. Bank of America accounts for approximately 1.2% of Greatmark Investment Partners Inc.’s investment portfolio, making the […]
Tesla (NASDAQ:TSLA) stock surged by as much as 11.7% in premarket New York
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Eagle Ridge Investment Management lessened its holdings in Bank of America Co. (NYSE:BAC) by 4.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 222,501 shares of the financial services provider’s stock after selling 9,253 shares during the quarter. Eagle Ridge Investment Management’s […]
The Cycle 23 winner recalled the experience for fans on TikTok.
First Hawaiian Bank (FHB) was recognized by Forbes magazine as the top-ranked Hawai’i bank on its 2024 Best Banks in America list and one of the top 50 most cybersecure banks in the U.S., furthering FHB’s legacy as Hawai’i’s leading financial institution. “We are honored to be recognized for the third consecutive year as Hawai’i’s premier bank on Forbes’ Best
By Josh Beckerman Robo-adviser Betterment agreed to buy Marcus Invest's digital investing accounts from Goldman Sachs, which will continue to focus on its
15 State Officials Warn Bank Of America About 'De-Banking' Of Christians Authored by Naveen Athrappully via The Epoch Times, A group of 15 financial officials from 13 states sent a notice to Bank of America, raising concerns about the institution’s “de-banking” of Christians. “We write to express our concerns over Bank of America’s troubling track record of politicized de-banking. Bank of America’s de-banking policies and practices threaten the company’s financial health, its...
Banks are increasingly carrying out checks to verify that their customers are not laundering money, financing terrorism or violating sanctions, De Nederlandsche Bank (DNB) said on Monday. At the same time, the Dutch central bank noted that some banks are delaying or scaling back improvements to their controls and checks. As a result, they have to do more to get their controls in order.
Global consultancy Kearney has today released the sixteenth edition of its annual European Retail Banking Radar, which tracks the performance of close to 90 retail banks across 21 European markets. The study found that higher interest rates fueled a record year for retail banks. However, it also warned that banks should be leveraging their current […]
The Judo Bank is now forecasting the Reserve Bank will raise interest rates three times in 2024. This would see borrowers paying the highest rates in almost 16 years.