Bank of America Financial News

14.02 / 09:49

economics inflation US Interest rates Bank of America Tech growth Global fund managers most bullish in two years as growth expectations improve

The proportion of investors expecting a weaker economy in the next 12 months decreased to a net 25%, from January’s 40%, the survey found.

09.02 / 17:57

Citigroup companies Bank of America People moves Citigroup London wealth division faces 10% job cuts - reports

The memo to staff seen by Bloomberg noted that the cuts would include 21 roles in the firm’s private bank division.

17.01 / 09:33

Technology economics Interest rates Bank of America Global investors temper bond yield expectations amid record rate cuts optimism

Over two-thirds think the Federal Reserve will be the most important driver of bond yields in 2024.

03.01 / 20:00

Bank of America bonds BofA equities fixed income Sell side equity sentiment reaches highest level since May 2022

The indicator tracks sell side strategists’ average recommended allocation to equities in a balanced fund.

03.01 / 15:09

Technology Bank of America Recession equities 2024 Active managers warn of 'crowding risk' in mega-cap tech in 2024

The risk is that mega-cap tech stocks may be used as a 'source of funds' if a hard landing is avoided.

20.12 / 18:45

Technology Energy companies Bank of America Cash Recession equity Fund managers 'most upbeat' since January 2022 but growth expectations remain pessimistic

Growth expectations among fund managers remained pessimistic, BofA found, although improved in the December survey from net 57% to 50% expecting a weaker economy.

20.11 / 11:51

inflation Investment UK Interest rates Bank of America Friday Briefing: Yet further evidence timing the market is hard

James Baxter-Derrington (pictured), editor

15.11 / 08:33

economics Federal Reserve inflation Interest rates Bank of America bonds global economy Global investor worries about inflation and central banks are 'rapidly diminishing'

The conviction that the Federal Reserve has reached the peak of its hiking cycle is now the strongest since investors began providing their view on the timing.

14.11 / 14:39

BlackRock Bank of America Diversity LGBT Great unveils charity gala to fund increased representation in media

Matt Cameron (pictured), CEO of LGBT Great

04.11 / 02:25

business Banks Federal Reserve Central Bank Bank of America Wells Fargo Customers Bug in Fed’s payment system prevents bank customers from getting paid

Some of the largest United States banks are not able to facilitate customers deposits after one of the Federal Reserve’s payment systems suffered an outage on Nov. 3.

18.10 / 14:43

markets economics UK Bank of America Cash Recession Global investors remain set on Goldilocks soft landing despite bearish stance

One out of four investors expect that there will be no recession in the next 18 months, but the share of those expecting a recession in the first half of 2024 is rising.

13.10 / 14:35

Europe Bank of America Bank of America and SAP Veterans to Lead Crypto Infrastructure Firm Taurus' European Drive

Swiss institutional crypto infrastructure firm Taurus SA has been expanding its presence in Europe with the opening of two new offices in the United Kingdom and France.

25.09 / 14:09

companies Bank of America M&G profits H1 2023 Bank of America reiterates M&G 'Buy' rating following 'impressive' H1 flows

On the back of analyst predictions of £2.2bn in net outflows for the period, Bank of America said the firm’s asset management flows “impressed” them.

12.09 / 15:09

markets Federal Reserve inflation Interest rates Bank of America BofA: Global investors turn away from EM equities as China growth optimism slumps

China's real estate has claimed the top spot for the most likely source of a systemic credit event.

12.09 / 10:55

regulation goldman sachs banking Bank of America jp morgan Global reports capital rules JPMorgan's Dimon warns bank stocks will suffer under US capital rules - reports

JP Morgan Chase CEO Jamie Dimon

06.09 / 14:29

Bank of America bonds ESG Global ESG bond market on track to reach $1trn total issuance in 2023

Green bonds represented the majority of all GSSSB, sitting at 59% of all issued this year, with social bonds making up 18%, sustainability bonds 17% and sustainability-linked bonds at 6%.

01.09 / 13:41

economics inflation Bank of England UK Bank of America BofA Bank of America forecasts no rate cuts for UK until 2025 due to 'entrenched inflation'

BofA forecast the Bank of England will opt for a 25bps hike in September to 5.5%.

16.08 / 13:21

Europe US Bank of America Tech Recession BofA: European recessionary fears remain as managers bet against global downturn

Earnings per share is widely expected to drop across the continent (89%), with those viewing European equities as overvalued rising to a three-year high at net 29%.

16.08 / 13:21

Asia Bank of America emerging markets BofA: Investors lift economic expectations for Asia despite long-term concerns over China

Longer-term pessimism for China is still intact as 84% of BofA respondents brace for a structural de-rating.

15.08 / 20:21

inflation Bank of America Recession REITS Global REIT surges REIT exposure at 'Lehman levels' as global sentiment surges in August

Exposure to REITs has dropped to its lowest since December 2008, leading to BofA describing it as one of the 'most fascinating' asset classes to watch.

11.08 / 22:43

Stablecoin PayPal Bank of America PYUSD NOT Bank of America Says PayPal’s Stablecoin Will Not Record Significant Adoption In The Coming Months

A new report by the Bank of America suggests that PayPal’s new stablecoin, PYUSD will not record the projected adoption in the near term citing tougher competition and indifference of investors.

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