Bank of America announced it will redeem all outstanding CAD425 million Floating Rate Senior Notes and CAD1 billion Fixed/Floating Rate Senior Notes due September 2027 on September 15, 2026. The redemption will be at 100% of principal plus accrued interest, with interest ceasing on the redemption date. This move affects a total of CAD1.425 billion in notes and reflects the bank's management of its debt obligations. Payments will be handled through CDS Clearing and Depository Services Inc., with Bank of New York Mellon Trust Company as trustee and Computershare Advantage Trust Company as paying agent.
Bank of America Corporation announced that its Board of Directors has authorized regular cash dividends for several series of its preferred stock. The dividends vary by series, with payment dates ranging from mid-November to late December 2026. This ...
Bank of America was hit with $1.21 billion in penalties by the U.S. Treasury for failing to comply with anti-money laundering laws and U.S. sanctions, as reported on October 13, 2026. The bank allegedly ignored trillions in suspicious transactions de...
Bank of America is under investigation by law firm Bleichmar Fonti & Auld LLP for potential securities fraud and breaches of fiduciary duty linked to violations of the Bank Secrecy Act and anti-money laundering laws. This follows a $1.21 billion pena...
All four of America's largest banks—JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo—have increased their dividends this year. However, the strength of the capital cushions supporting these payouts varies significantly, impacting dividend ...
Leading US banks including JPMorgan, Bank of America, and Wells Fargo have reported strong credit quality and robust double-digit growth in business loans despite the challenges of high interest rates. This positive trend supports their earnings thro...
