Reuters reported that major U.S. banks raised their prime rates for the first time since 2006 following a rate hike from the Federal Reserve. read more

DEC 18, 2015 - 7:19 am

Aircraft lessor AerCap Holdings said it completed the closing of $1.3 billion of new credit facilities that will be used to acquire 22 aircraft from Boeing and Airbus through the end of 2016. read more

DEC 10, 2015 - 7:16 am

Bloomberg reported that JPMorgan Chase, Bank of America and Wells Fargo are among eight large U.S. banks that had credit grades cut one level by Standard & Poor’s on the prospect that the U.S. government is less likely to provide aid in a crisis. read more

DEC 3, 2015 - 7:21 am

According to Bloomberg, Bank of America says a ‘great divorce’ between the economies of the U.S. and China will fuel global currency and rates markets in 2016. read more

NOV 24, 2015 - 6:14 am

Bank of America reported Q3/15 net income of $4.5 billion compared to a net loss of $232 million a year earlier. The bank noted its litigation costs of $231 million in Q3/15 compared to $6.0 billion in Q3/14. read more

OCT 15, 2015 - 6:06 am

Rush Enterprises entered into an amendment with a lender group led by GE Capital Commercial as administrative agent for a facility that will provide $850 million to finance the company’s purchase of vehicle inventory and working capital. read more

SEP 23, 2015 - 8:01 am

In a complaint filed in the U.S. District Court in New York on Thursday, 22 banks were accused of manipulating the market for Treasury securities. read more

JUL 24, 2015 - 7:23 am

Bank of America CEO Brian Moynihan announced CFO Bruce Thompson will step down and be replaced by Paul Donofrio, effective August 1. Moynihan also said Andrea Smith will assume a newly created position as CAO. read more

JUL 23, 2015 - 10:46 am

Bank of America reported Q2/15 net income of $5.3 billion compared to $2.3 billion in Q2/14. The bank said legal costs of $175 million were down from $4.0 billion in Q2/14. read more

JUL 16, 2015 - 7:13 am

Bank of America reportedly hired Jeffrey Peek, who ran commercial lender CIT Group for six years, as an executive vice chairman in the global investment bank. read more

JUN 9, 2015 - 7:36 am

According to SNL Financial, banks with more than $1 billion in assets collectively reported they took in $2.51 billion in overdraft fees in Q1/15. read more

JUN 1, 2015 - 7:45 am

Bloomberg reported JPMorgan Chase and Bank of America are planning job cuts to contain expenses as revenue stagnates in a prolonged era of low interest rates. read more

MAY 29, 2015 - 7:22 am

Bloomberg reported that a U.S. district judge dismissed three suits alleging breaches over mortgage-backed securities by U.S. Bank and Bank of America. read more

MAY 19, 2015 - 7:28 am

Seven years after the “Great Recession,” two-thirds (64%) of small business owners report their businesses are still in the process of recovering, according to Bank of America’s spring 2015 Small Business Owner Report. read more

APR 30, 2015 - 7:18 am

Bank of America reported Q1/15 earnings of $3.4 billion compared to a loss of $276 in the year-ago period. The bank noted that Q1/14 performance included litigation costs of $6.0 billion versus $370 million this year. read more

APR 15, 2015 - 1:40 pm