U.S. stock indexes drifted lower following a mixed set of earnings reports from Morgan Stanley, UnitedHealth Group and other big companies.

A federal regulator has sued JPMorgan Chase, Wells Fargo and Bank of America.

Customers with Bank of America are reporting system outages and trouble accessing their accounts Wednesday.

Authorities are trying to identify a Houston-based bank robber known for his repeated hits wearing flannelled fits.

Investor Warren Buffett's company has unloaded more of its Bank of America stake, selling nearly 25 million shares worth almost $1 billion over the past week.

Latinas contributed $1.3 trillion to the U.S. gross domestic product in 2021, up from $661 billion in 2010 and at a growth rate nearly triple that of non-Latinos during the same time period, according to a new report funded by Bank of America and conducted by professors at California Lutheran University and UCLA.

After years of closing or mostly neglecting physical bank branches across the U.S., the nation’s largest banks are spending hundreds of millions of dollars on refurbishing old locations or building new ones, and in the process changing the look, feel and purpose of the local bank branch.

Merrill Lynch has agreed to pay nearly $20 million to settle a class-action lawsuit that accuses the Wall Street brokerage giant of racially discriminating against its Black financial advisers.

The Supreme Court has given homeowners another chance to force Bank of America and other large banks to pay interest on mortgage escrow accounts.

Bank of America said its first-quarter profits fell 18%, as the bank dealt with rising expenses due to the impact of higher interest rates.

The cost to overdraw a bank account could drop to as little as $3 under a proposal announced by the White House, the latest move by the Biden administration to combat fees it says pose an unnecessary burden on American consumers, particularly those living paycheck to paycheck.

The Consumer Financial Protection Bureau is expected to propose rules this week that further rein in banks’ ability to charge customers a fee when they overdraw their bank account.

Three of the nation’s biggest banks say their profits fell last quarter.

Wall Street drifted through mixed trading to put a quiet end to another rocking week.

The heads of Wall Street’s biggest banks used an appearance on Capitol Hill to plead with senators to stop the Biden administration’s proposed changes to how banks are regulated, warning that the proposals could negatively impact the economy at a time of geopolitical turmoil and inflation.

A glitch in the network that processes electronic transfers between nearly all U.S. bank accounts has led to delays in settling deposits, some of which remain stalled.

Bank of America posted a 10% rise in third quarter profits, helped by higher interest rates that allowed the bank to charge more for loans while keeping the bank’s expenses under control.

Shares have fallen in Asia after China reported that its economy grew at a 4.9% annual pace in July-September, down from 6.3% in the previous quarter.

Bank of America, the nation’s second-largest bank, is in the hot seat, accused of double-dipping on fees imposed on customers with insufficient funds in their account, withholding reward bonuses explicitly promised to credit card customers, and misappropriating sensitive personal information to open accounts without customer knowledge or authorization.

Bank of America must reimburse customers more than $100 million and pay $150 million in fines for “double-dipping” on overdraft fees, withholding reward bonuses on credit cards and opening accounts without customer consent.

Asian shares are mostly higher after stocks advanced on Wall Street.

A River Oaks woman is pointing fingers at the U.S. Postal Service after she says two of her debit cards went missing in a span of several weeks.

The Negro Leagues Baseball Museum is embarking on a fundraising campaign to raise $25 million for a new building to house its education center and what has become one of the world’s unique collections of baseball memorabilia.

Banks are paying up for savers’ deposits in a much bigger way than they have in a long time.

Bank of America said its profits grew 15% last quarter, the latest of the big banks to do exceptionally well this earnings season as investors and consumers flock to Wall Street for safety after the failure of Silicon Valley Bank and Signature Bank.

U.S. stock indexes are closing little changed on Wall Street following a mixed set of earnings results from big companies.

Americans cut their spending at retail stores and restaurants in March for the second straight month, a sign consumers are becoming more cautious after a burst of spending in January.

Silicon Valley Bank’s collapse has rattled the technology industry that had been the bank’s backbone.

A surveillance video was released of a suspected bank jugger who targeted an elderly couple Tuesday afternoon in northwest Houston, according to the Houston Police Department.

Bank of America was trending on social media Wednesday after many customers discovered that money was missing from their accounts. The concerned consumers shared their experiences online, calling out the financial giant and demanding answers.

Most of us depend on banks to keep our money safe. But some consumers say when they needed their money their bank held it for days and sometimes weeks. They called KPRC 2 Investigates for help. Investigator Amy Davis is looking into what you need to know about your rights and your money.

With time running out before the election, President Joe Biden highlighted his administration’s push to crack down on so-called junk fees that banks and other companies charge their customers. The announcement comes after months of high inflation has eaten away at Americans’ savings and made the economy the top issue for voters.

With time running out before the election, President Joe Biden highlighted his administration’s push to crack down on so-called junk fees that banks and other companies charge their customers.

Bank of America’s profits fell by 8% in the third quarter as the bank set aside cash to cover potential loan losses.

Chase, Bank of America, Wells Fargo... no matter which bank you use, you probably trust your bank to protect your money. But consumer advocates are calling out the nation's largest banks for giving thieves easy access to your cash through an app and platform they created. They say new numbers from some of those banks show just how much criminals are making from Zelle.

The CEOs of the nation’s biggest banks returned to Capitol Hill for a second day Thursday, and Senate Democrats strongly urged them to do more to help and protect their customers, while Republicans questioned whether banks should weigh in on hot-button social issues.

The CEOs of the nation’s biggest banks have appeared in front of Congress and given a dim view of the U.S. economy, reflecting the financial and economic distress many Americans are facing.

The CEO of Bank of America said the recent debate over whether the U.S. economy is technically in a recession or not is missing the point.

Bank of America says the revenue it gets from overdrafts has dropped 90% from a year ago, after the bank reduced overdraft fees to $10 from $35 and eliminated fees for bounced checks.

Houston Newsmakers: Political extremes lead to 3rd party effort in Texas, and more

Have you ever received one of those text messages that appear to be from your bank or a retailer confirming a transfer or purchase you didn’t make? By now, you likely know those messages are usually scams. The scammer wants you to click on the link so that you will give them your financial information. But this new scheme takes it a step further.

Bank of America posted a 12% decline in first-quarter profits from a year earlier, a decline that was much less than the ones its rivals had reported the previous week.

Police said movie director Ryan Coogler was briefly handcuffed by Atlanta police after a bank teller mistook him for a robber when he passed her a note while trying to withdraw a large amount of cash from his account.

The head of the nation’s second-largest bank said consumers are spending “at a faster rate” than he’s ever seen but he remains concerned about how inflation and supply-chain issues will influence the economy going into the winter.

Bank of America’s second quarter profit more than doubled from a year earlier, as the consumer banking giant was able to move more loans onto the “good” side of its balance sheet as the pandemic wanes.

The family of a woman who was shot twice during a robbery at an ATM in Houston gathered over the weekend praying for a miracle for their loved one.

Recently freed from regulators’ coronavirus restrictions, the largest U.S. banks have announced plans to return tens of billions of dollars to their shareholders over the next year in the form of dividends and stock buybacks.

Consumer banking giant Bank of America plans to set the minimum wage for all positions at the company to $25 an hour by 2025, the bank said Tuesday.

Bank of America’s profits doubled in the first quarter, the bank said Thursday, as the improving economy allowed it to release billions from its loan-loss reserves that it originally set aside in the early days of the pandemic.

The nation’s largest banks are expected to report big profits for the first quarter amid renewed confidence that pandemic-battered consumers and businesses can repay their debts and start borrowing again.

Asian stock markets have risen after Wall Street hit a record high following an uptick in U.S. inflation and a order by regulators to suspend use of Johnson & Johnson’s coronavirus vaccine.

Technology companies helped lift stocks on Wall Street to a record high Friday.

America’s employers unleashed a burst of hiring in March, adding 916,000 jobs in a sign that a sustained recovery from the pandemic recession is taking hold as vaccinations accelerate, stimulus checks flow through the economy and businesses increasingly reopen.

California added 141,000 jobs in February as more than a quarter of a million people returned to the workforce. The California Employment Development Department said Friday, March 26, that the state's unemployment rate in February was 8.5%, down from 9% in January. The Labor Department said Thursday that the number of claims increased from 684,000 the week before. Less than a year ago, the jobless rate had hit 14.8%. Some economists are even more optimistic: Joe Brusuelas, chief economist at the tax advisory firm RSM, is predicting 1 million added jobs for March.

A Bank of America spokesperson said the company fired Juan Esteban Ramirez after two customers, both 20-year-old women, filed police reports against him. “She was unsure how to look up her Bank of America account information. But after she left the bank, the victim noticed the sent messages on her smartwatch and filed a police report. Ad“In this case, he actually texts that victim from his personal cell phone and threatens her and says he has those pictures from her cell phone,” Forcht said. “We have a pattern of behavior here and hope to be able to identify another, whether it be one, two, three, ten more victims,” Forcht said.

Galveston Bank incidentGalveston police said Terry Wright refused to wear a mask inside of a Bank of America branch. Terry Wright was charged with resisting arrest and criminal trespass last week after refusing to wear a face mask inside a Galveston bank. Woman describes bank incident as ‘absolutely ridiculous’The maskless woman involved in the incident at a bank in Galveston spoke last week..During a phone interview with KPRC 2, Wright said although she has yet to see video of the incident, she wouldn’t do anything differently. Officers recognized Wright from video of the incident that occurred at the Bank of America location is Galveston last week. AdWright was taken into custody and transported to the Galveston County Jail by Texas City Police department for booking and processing.

The increase of just 49,000 positions in January made scarcely any dent in the nearly 10 million jobs that remain lost since the virus intensified nearly a year ago. The tepid increase followed a decline of 227,000 jobs in December, the first loss since April. Most of the drop in unemployment occurred because some people out of work found jobs, but others stopped looking for work and were no longer counted as unemployed. And without an increase of 80,000 temporary jobs, the economy would have posted a net loss for January. Still, more than 4 million Americans have lost jobs and stopped looking for work since the pandemic began.

HOUSTON – A former Bank of America employee is accused of sending nude photos of a customer to his cellphone on Sept. 14, 2020, according to the bank. The ex-employee, identified as Juan Esteban Ramirez, was charged with unlawful disclosure of intimate visual material, according to court documents. Ramirez gained access to the customer’s photos while assisting with her account on her cellphone, according to court documents. He sent the woman’s intimate photos to himself without permission of the Bank of America customer, according to court records. Bank of America said Ramirez was terminated in early October after the bank became aware of the allegation.

In the early months of the U.S. pandemic, banks set aside tens of billions of dollars to cover losses that could come from loans that were suddenly going bad. On top of the stimulus, banks entered into this pandemic the healthiest they’ve been in years and certainly healthier than they were before the financial crisis of 2008. JPMorgan set aside $611 million to cover potentially bad loans in the third quarter, a fraction of the $10.47 billion the bank set aside to cover bad loans in the second quarter. On Wednesday, Bank of America said it set aside $1.4 billion to cover potentially bad loans, far less than the $5.1 billion it set aside three months earlier. Most of the worry seems to reflect investors' uncertainty about whether banks will have to set aside additional billions in the future.

CHARLOTTE, N.C. – Consumer banking giant Bank of America says third-quarter profit declined 15.6% from a year earlier, but saw less need to put aside money to cover potentially bad loans, citing improvements in the U.S. economy. The North Carolina-based bank said Wednesday that it earned a profit of $4.88 billion, or 51 cents per share, down from a profit of $5.78 billion, or 56 cents per share, in the same period a year earlier. BofA had $1.4 billion in loan-loss reserves in the third quarter, down from the $5.1 billion it set aside in the second quarter. BofA’s loan-loss reserves were higher than JPMorgan's, which only set aside $611 million in the quarter, but less than the $2.26 billion that Citigroup had set aside. The bank’s net interest yield — a measurement of how much profit the bank is earning on the loans it approved — was 1.72% in the quarter, down from 2.41% a year earlier.

Stocks are pulling slightly higher in the early going on Wall Street, Wednesday, Oct. 14, as investors pore over another batch of earnings reports from big U.S. companies. (AP Photo/John Minchillo, File)Asian stocks followed Wall Street lower on Thursday as hopes U.S. leaders will agree on a new economic stimulus before the Nov. 3 presidential election faded. The Shanghai Composite Index lost 0.1% to 3,337.51 and the Nikkei 225 in Tokyo fell 0.5% to 23,517.63. On Wall Street, companies that rely on consumer spending, banks and technology and communication stocks bore the brunt of the selling. Wells Fargo dropped 6% after its earnings were lower than Wall Street expected.

NEW YORK Bank of America's second quarter profits were sawed in half and the consumer banking giant set aside billions of dollars to cover potentially bad loans caused by the pandemic. Bank earnings this quarter have begun to paint a picture of American families and businesses struggling to pay bills with swaths of the nation's economy shut down. Those provisions come on top of the tens of billions they set aside in the first quarter when the pandemic first began to bloom. Because it is so consumer-focused, BofA is feeling the effects of the coronavirus pandemic more acutely than other major banks. The bank also revised down its outlook for the U.S. economy, following similar actions by other banks this week.

Bank of America is donating $1 billion over the next four years to community programs and small businesses to help address economic and racial inequality that has been exacerbated by Covid-19. The billion-dollar donation is an expansion of the several hundreds of millions of dollars Bank of America donates to nonprofits and lends to small, minitority-owned businesses. Bank of America said the money will expand health services, like vaccination clinics, in communities of color, "support" small businesses, and recruitment of new bank employees in economically disadvantaged communities. Bank of America's donation, which amounts to $250 million a year over the next four, is tiny fraction of the $27.4 billion it made in 2019. It also returned a record $34 billion in share repurchases last year, the bank announced earlier this year.

HOUSTON – A man robbed a northwest Houston bank through its drive-thru window Thursday. The FBI said a man wearing a green sweater and blue hoodie robbed a drive-thru teller at a Bank of America in the 5200 block of North Shepherd at 8:30 a.m. He fled in a green Suburban. Officials did not release how much money was taken.