The point of Donald Trump’s jab at Bank of America CEO Brian Moynihan was not just to dunk on one prominent financier. It was also a warning to every executive at Davos, and everyone watching the livestream around the world,
Bank of America and JPMorgan Chase are denying that political affiliation has any bearing on the customers who do business at the banks after President Trump alleged at Davos that BofA had refused to do business with some conservatives.
President Donald Trump accused banks of discriminating against conservatives. JPMorgan Chase and Bank of America denied the debanking claims.
Some of America's biggest banks are terminating physical branches as the new year kicks off. Between Thanksgiving 2024 and January 11 – about six weeks – Wells Fargo, Bank of America, JPMorgan Chase,
With Chase Bank promotions ... as well as complete five qualifying transactions. Bank of America Bonuses: Open a new Bank of America Advantage Banking personal checking account online, using ...
President Donald Trump called out Bank of America CEO Brian Moynihan at the World Economic Forum, saying some conservatives complain the bank will not take their business.
Big U.S. banks found themselves on the defensive Thursday, with Bank of America saying it doesn’t have a “political litmus test” for clients, after President Trump suggested that leading financial institutions weren’t letting conservatives do business with them.
President Trump on Wednesday accused two major U.S. banks of discriminating against conservatives during a live event with the CEO of one of those firms. In virtual remarks before a group of
Bank of America on Thursday announced profits more than doubled in the fourth quarter, surging to $6.7 billion from $3.1 billion in the same period last year - another in a wave of favorable reports from the nation's biggest banks. The 111% increase in earnings buoyed its full-year profits to $27.1 billion.
The lender rebuffed allegations that it is less welcoming to conservatives after the president blindsided CEO Brian Moynihan with a barb during a Q&A session at the World Economic Forum in Davos, Switzerland.
Investors will be keen to hear about the company's target for 2025, especially as expectations for rate cuts have been reined in. Bank of America is scheduled to report fourth-quarter earnings before the opening bell Thursday. How will shifting expectations on interest rates impact Bank of America?