Caroline Hudson - HoustonNewMedia.org https://houstonnewmedia.org/author/caroline-hudson/ Building "Bridges" Across the Bayou City! Fri, 25 Feb 2022 00:34:40 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.3 https://i0.wp.com/houstonnewmedia.org/wp-content/uploads/2022/11/cropped-cropped-Houston.png?fit=32%2C32&ssl=1 Caroline Hudson - HoustonNewMedia.org https://houstonnewmedia.org/author/caroline-hudson/ 32 32 103504436 How CEOs of two major accounting firms see pending merger shaking out https://houstonnewmedia.org/how-ceos-of-two-major-accounting-firms-see-pending-merger-shaking-out/?utm_source=rss&utm_medium=rss&utm_campaign=how-ceos-of-two-major-accounting-firms-see-pending-merger-shaking-out Fri, 25 Feb 2022 00:34:40 +0000 http://houstonnewmedia.org/?guid=9f8de48883215f94f795da5115cadaf0 The combined firm's annual revenue is expected to be about $1.4 billion.

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]]> 258535 Bank of America retail president talks decision to slash overdraft fees https://houstonnewmedia.org/bank-of-america-retail-president-talks-decision-to-slash-overdraft-fees/?utm_source=rss&utm_medium=rss&utm_campaign=bank-of-america-retail-president-talks-decision-to-slash-overdraft-fees Wed, 12 Jan 2022 21:42:22 +0000 http://houstonnewmedia.org/?guid=74bcd5249c2335edc9428c74701be0c1 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...

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]]> 234078 Bank of America to hike minimum wage to $25 per hour by 2025 https://houstonnewmedia.org/bank-of-america-to-hike-minimum-wage-to-25-per-hour-by-2025/?utm_source=rss&utm_medium=rss&utm_campaign=bank-of-america-to-hike-minimum-wage-to-25-per-hour-by-2025 Tue, 18 May 2021 19:18:31 +0000 http://houstonnewmedia.org/?guid=09a0e435b589558a01efb2f4e1b3c578 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.

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]]> 128726 Bank of America looks to expand Leader on Loan program in new markets https://houstonnewmedia.org/bank-of-america-looks-to-expand-leader-on-loan-program-in-new-markets/?utm_source=rss&utm_medium=rss&utm_campaign=bank-of-america-looks-to-expand-leader-on-loan-program-in-new-markets Mon, 26 Apr 2021 13:00:25 +0000 http://houstonnewmedia.org/?guid=bc1d10c8962f8fbf1a105b4ac6c11319 "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.

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]]> 124200 Bank of America CEO Brian Moynihan addresses return to office, economic recovery at annual shareholder meeting https://houstonnewmedia.org/bank-of-america-ceo-brian-moynihan-addresses-return-to-office-economic-recovery-at-annual-shareholder-meeting/?utm_source=rss&utm_medium=rss&utm_campaign=bank-of-america-ceo-brian-moynihan-addresses-return-to-office-economic-recovery-at-annual-shareholder-meeting Thu, 22 Apr 2021 12:38:39 +0000 http://houstonnewmedia.org/?guid=22643fc0a04bf723477396245a38e22a 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.

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]]> 123482 Bank of America awarding $750 cash bonuses to employees as pandemic continues https://houstonnewmedia.org/bank-of-america-awarding-750-cash-bonuses-to-employees-as-pandemic-continues/?utm_source=rss&utm_medium=rss&utm_campaign=bank-of-america-awarding-750-cash-bonuses-to-employees-as-pandemic-continues Mon, 25 Jan 2021 20:48:08 +0000 http://houstonnewmedia.org/?guid=eebc0b52015c287b3de3e431cc914d31 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.

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]]> 105146 Bank of America makes equity investments in Unity National Bank of Houston, others https://houstonnewmedia.org/bank-of-america-makes-equity-investments-in-unity-national-bank-of-houston-others/?utm_source=rss&utm_medium=rss&utm_campaign=bank-of-america-makes-equity-investments-in-unity-national-bank-of-houston-others Tue, 06 Oct 2020 19:56:45 +0000 http://houstonnewmedia.org/?guid=aa4132b0bc5b4083e7d7573f1d64ccde 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.

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]]> 79762 Truist Financial gives $40M to launch fund supporting underserved areas https://houstonnewmedia.org/truist-financial-gives-40m-to-launch-fund-supporting-underserved-areas/?utm_source=rss&utm_medium=rss&utm_campaign=truist-financial-gives-40m-to-launch-fund-supporting-underserved-areas Thu, 24 Sep 2020 13:18:28 +0000 http://houstonnewmedia.org/?guid=5b3a43f6e3580cff14ddda6adb3e1b0b 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.

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]]> 76601 Bank of America commits $1B to combat economic, racial inequalities heightened by pandemic https://houstonnewmedia.org/bank-of-america-commits-1b-to-combat-economic-racial-inequalities-heightened-by-pandemic/?utm_source=rss&utm_medium=rss&utm_campaign=bank-of-america-commits-1b-to-combat-economic-racial-inequalities-heightened-by-pandemic Fri, 05 Jun 2020 14:35:48 +0000 http://houstonnewmedia.org/?guid=22e75118255a753f66e895908125b7ba 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...

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]]> 50106 Bank of America reveals data breach in PPP application process https://houstonnewmedia.org/bank-of-america-reveals-data-breach-in-ppp-application-process/?utm_source=rss&utm_medium=rss&utm_campaign=bank-of-america-reveals-data-breach-in-ppp-application-process Tue, 26 May 2020 22:21:32 +0000 http://houstonnewmedia.org/?guid=ccccbf3ef614625b677fd61a7d60cb46 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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]]> 47394 Wells Fargo agrees to $3B settlement for sales practice scandal https://houstonnewmedia.org/wells-fargo-agrees-to-3b-settlement-for-sales-practice-scandal/?utm_source=rss&utm_medium=rss&utm_campaign=wells-fargo-agrees-to-3b-settlement-for-sales-practice-scandal Mon, 24 Feb 2020 20:24:22 +0000 http://houstonnewmedia.org/?guid=e2f61cfdd540ea6ba619faf50c845b32 Wells Fargo & Co. (NYSE: WFC) has agreed to pay $3 billion in a settlement reached with the U.S. Department of Justice and Securities and Exchange Commission.

The settlement resolves criminal and civil investigations into faulty sales practices at Wel...

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]]> 20841 Massive BB&T-SunTrust bank merger closes, creating Truist Financial https://houstonnewmedia.org/massive-bbt-suntrust-bank-merger-closes-creating-truist-financial/?utm_source=rss&utm_medium=rss&utm_campaign=massive-bbt-suntrust-bank-merger-closes-creating-truist-financial Tue, 10 Dec 2019 14:20:53 +0000 http://houstonnewmedia.org/?guid=c02c96e927defb6a35022e7f04272a66 BB&T Corp., based in Winston-Salem, North Carolina, and Atlanta-based SunTrust Banks Inc. became Truist Financial Corp. over the weekend, closing out this year’s largest — and most talked about — bank merger.

The new bank is headquartered in Charlotte...

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