Bank of America today announced the Federal Reserve Board and the Office
of the Comptroller of the Currency have permitted Bank of America and
its national subsidiary banks to begin using the Advanced approaches
capital framework to determine risk-based capital requirements in the
fourth quarter of 2015.
With the approval to exit parallel run, Bank of America will be required
to report regulatory capital ratios and risk-weighted assetsmore...
Event Impact Continues to Drive Tourism, Business Activity and Job Growth
The Bank of America Chicago Marathon continues to provide year-over-year
growth to Chicago’s economy, with the 2014 race delivering an estimated
$254 million in total business impact to the city. The findings come
from the latest economic impact study reported today by Bank of America.
The event remains a key economic driver for the city, providing more
than a quarter of a billion dollars to Chicago for the second year in a
Always Close to Clients and Committed to the Region
Bank of America Merrill Lynch opened a new office in Rio de Janeiro’s Botafogo district on August 10.The new office reflects the importance that BofA Merrill places on continuously investing in the quality of its service in the country and beyond. Rio de Janeiro is Brazil’s second economic capital and a concentration of various industries – the largest Brazilian companies in the mining and oil sectors for example, in addition to the major Brazilian pension funds.“This move underscores ourmore...