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Under the leadership of Brian Moynihan, Bank of America has become the poster child for stakeholder capitalism in banking. Shareholders benefit; previous strong underwriting and ample liquidity enabled it to grow loans strongly in the pandemic recovery;
Bank of America(NYSE: BAC) Q3 2023 Earnings Call Oct 17, 2023,8:30 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good day, everyone, and welcome to the Bank of America earnings announcement. [Operator instructions] Please note, today's...
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To gain a strong position in the wealth-management business, Bank of America in 2007 acquired U.S. Trust Corporation, an investment firm that manages investments for high-net-worth individuals. As the global financial crisis emerged in 2008, numerous institutions began to struggle, notably ...
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Bank of America purchased ABN AMRO North America Holding Co., the parent company of LaSalle Bank, from ABN AMRO Holding NV in late 2007. At the time of the acquisition, LaSalle had a substantial presence in both consumer and commercial banking in the U.S. Midwest, particularly around Chica...