Bank of America registers drop in Global Markets net income in Q4 2021
The Global Markets business segment of Bank of America saw net income decrease $122 million to $669 million in Q4 2021.
The Global Markets business segment of Bank of America saw net income decrease $122 million to $669 million in Q4 2021.
Bank of America launches CashPro Forecasting, a solution leveraging artificial intelligence (AI) and machine learning.
Bank of America NA has agreed to pay a fine as a part of an offer of settlement related to alleged violations of CBOT rules.
Bank of America reported Global Markets net income of $926 million for Q3 2021, up by $68 million from the year-ago quarter.
Bank of America has launched a new solution Recipient Select, which addresses complexities related to the growth of B2C payment options.
Bank of America saw Global Markets net income decrease $987 million from the year-ago quarter to $908 million.
The European Commission imposed fines totalling €371 million on Nomura, UBS and UniCredit for their participation in bonds trading cartel.
The European Commission imposes a total fine of €28 million on Bank of America Merrill Lynch, Crédit Agricole, and Credit Suisse.
The Global Markets segment of Bank of America recorded net income of $2.1 billion in the first quarter of 2021.
Citi and Bank of America collaborate to build a new industry-led independent data and execution platform for fixed income markets.