Houston Business News - Local Houston News | Houston Business Journal: How CEOs of two major accounting firms see pending merger shaking out
The combined firm’s annual revenue is expected to be about $1.4 billion.
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Building "Bridges" Across the Bayou City!
Author: Caroline Hudson
Houston Business News - Local Houston News | Houston Business Journal: Bank of America retail president talks decision to slash overdraft fees
Bank of America Corp. (NYSE: BAC) said Jan. 11 it is eliminating non-sufficient funds fees and reducing overdraft fees this year.
Next month, BofA will stop non-sufficient funds fees and the ability for customers to overdraw via ATM. The bank will th…
Read MoreHouston Business News - Local Houston News | Houston Business Journal: Bank of America to hike minimum wage to $25 per hour by 2025
Bank of America Corp. is hiking its minimum wage to $25 per hour by 2025, CEO Brian Moynihan announced in a TV interview. He views it as a way to share success with employees and their communities.
Read MoreHouston Business News - Local Houston News | Houston Business Journal: Bank of America looks to expand Leader on Loan program in new markets
“I think it’s one of the most effective things we’ve done in terms of injecting human capital … into organizations we work with,” said Bank of America’s Charlotte market president, Charles Bowman, about the bank’s Leader on Loan program.
Read MoreHouston Business News - Local Houston News | Houston Business Journal: Bank of America CEO Brian Moynihan addresses return to office, economic recovery at annual shareholder meeting
Bank of America hosted its second virtual shareholder meeting April 20, addressing topics from back-to-office plans to the branch network — CEO Brian Moynihan called BofA a work-from-office company.
Read MoreHouston Business News - Local Houston News | Houston Business Journal: Bank of America awarding $750 cash bonuses to employees as pandemic continues
Bank of America said 97%, or more than 206,000, of its employees are eligible for either a cash bonus or a stock grant, depending on their annual pay.
Read MoreHouston Business News - Local Houston News | Houston Business Journal: Bank of America makes equity investments in Unity National Bank of Houston, others
Bank of America has invested in seven financial institutions — including one in Houston — as part of its larger $1 billion commitment to equality and economic opportunity.
Read MoreHouston Business News - Local Houston News | Houston Business Journal: Truist Financial gives $40M to launch fund supporting underserved areas
Truist Financial Corp. is donating $40 million to launch a nonprofit fund that supports underserved communities. Six community development financial institutions — including Texas-based LiftFund — are participating.
Read MoreHouston Business News - Local Houston News | Houston Business Journal: Bank of America commits $1B to combat economic, racial inequalities heightened by pandemic
Bank of America Corp. is committing $1 billion to address economic and social disparities heightened during the Covid-19 pandemic.
The Charlotte, North Carolina-based bank announced the four-year commitment June 2. It will address four areas: job trai…
Read MoreHouston Business News - Local Houston News | Houston Business Journal: Bank of America reveals data breach in PPP application process
Bank of America Corp. (NYSE: BAC) has revealed a possible data breach on business clients’ information for the Paycheck Protection Program.
The breach occurred on April 22, as BofA uploaded PPP applications onto the U.S. Small Business Administration…
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