Bank of America sees rise in Global Markets income in Q3 2021
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 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.
Plaintiffs in a spoofing lawsuit targeting Merrill Lynch, Bank of America, and Morgan Stanley, appeal from an earlier ruling.
Merrill Lynch Commodities, Bank of America Corporation, and Morgan Stanley & Co have secured a dismissal of a spoofing complaint.
Bank of America registered Global Markets net income of $791 million in the fourth quarter of 2020, up by $218 million from a year earlier.