Bank of America today released the results of its 2015 stress test.
Under the Dodd-Frank Act, systemically important institutions are
required to conduct an annual stress test and publish the results.
The Federal Reserve conducts its own test and announces its results at
the same time. Bank of America’s estimates may differ from the Federal
Reserve’s estimates. In addition, they do not include the impact of
potential capital actions inmore...
Scope of Projects Impacted Wide Range of Constituents in Communities Nationwide
Bank of America Merrill Lynch Community Development Banking provided
more than $3.2 billion in loans, tax credit equity investments and other
real estate development solutions to over 550 clients in 2014, creating
more than 13,000 housing units for individuals, families, seniors,
students, veterans and other at-risk groups across the country.
This effort included:
A range of innovative financial solutions formore...
The education of some of the UK’s most disadvantaged young people has received a boost through a donation to Ark of over £100,000 after works by some of Britain’s most influential artists went under Sotheby’s hammer last night. The auctioned pieces were donated by Bank of America Merrill Lynch from its corporate art collection and included works by British artists, David Hockney and Henry Moore.Bank of America Merrill Lynch also announced an additional US$1mm (£650k) gift to further facilitatemore...