News Source: Seattle Times
| about 1 month ago
N.C. — Bank of America Corp. on Thursday reiterated that the current credit environment is will remain difficult into next year, as unemployment is likely to continue to rise. Brian Moynihan, head of the bank's consumer and small business banking...
News Source: Reuters
| about 1 month ago
Bank of America Corp's ( BAC.N ) credit card loss rate may have peaked in the third quarter, but it will remain elevated for a "substantial number of quarters," the bank's head of consumer banking said on Thursday. Bank of America, the largest U.S.