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In 2014, Bank of America established its Life Event Services (LES) team to aid workers with significant life events. “The Miracle on the Hudson was one of the impetuses of, ‘Wow, this has been ...
Bank of America has formed a partnership with the United States Department of Defense creating a newly chartered bank DOD Community Bank [106] ("Community Bank") providing full banking services to military personnel at 68 branches and ATM locations [107] on U.S. military installations in Guantanamo Bay Naval Base Cuba, Diego Garcia, Germany ...
Since October 2022, America’s second-largest bank by assets has been requiring the majority of its employees to come into the office at least three days a week.
Bank of America’s 100-hour cap became a company norm in 2014, after a 21-year-old intern in the London office named Moritz Erhardt died on the job a year earlier.
The following is a list of the world's largest publicly traded financial services companies, ordered by annual sales for the latest Fiscal Year that ended March 31, 2018 or prior (all public companies with sales of $20 billion or more are included, while privately held companies are not included).
The company was founded on January 6, 1914, when Charles E. Merrill opened Charles E. Merrill & Co. for business at 7 Wall Street in New York City. [11] A few months later, Merrill's friend, Edmund C. Lynch, joined him, and in 1915 the name was officially changed to Merrill, Lynch & Co. [12] At that time, the firm's name included a comma between Merrill and Lynch, which was dropped in 1938. [13]
(Reuters) - Bank of America is set to award stock to most of its global employees for the eighth time since 2017, following a robust performance by the second-largest U.S. lender in 2024 ...
The company agreed to be acquired by Bank of America on September 14, 2008, at the height of the Financial crisis of 2007–2008, the same weekend that Lehman Brothers was allowed to fail. The acquisition was completed in January 2009 [2] and Merrill Lynch & Co., Inc. was merged into Bank of America Corporation in October 2013.