Bank of America, the second-largest US lender by assets, reported a higher-than-expected quarterly profit on Tuesday as revenue rose in three of its main businesses, more than offsetting a fall in trading. The bank’s consumer banking business, its largest unit, posted the strongest growth in profit and revenue in the second quarter. The global markets...
NYS Entity Status
NYS Filing Date
AUGUST 01, 2014
NYS DOS ID#
CT CORPORATION SYSTEM
111 EIGHTH AVENUE
NEW YORK, NEW YORK, 10011
NYS Entity Type
FOREIGN BUSINESS CORPORATION
2014 - BANK OF AMERICA CDFI FUNDING CORPORATION
AROUND THE WEB
- Bank of America’s profits up despite trading slump
By Reuters - Tuesday Jul 18, 2017
- NY insurance company dragged into Wells Fargo scandal
By Kevin Dugan - Tuesday Aug 1, 2017
The New York insurance company that wrote policies for 800,000 questionable Wells Fargo auto loans has been dragged into the bank’s latest scandal. National General Insurance was named in a class-action lawsuit filed against the bank — for allegedly unduly profiting from $80 million in collateral protection insurance that the drivers didn’t need — and...
- Ivanka Trump, World Bank launch fund for female entrepreneurs
By Associated Press - Saturday Jul 8, 2017
First Daughter Ivanka Trump and the World Bank are rolling out a new fund that aims to help female entrepreneurs access capital, financing and other support. World Bank Group President Jim Yong Kim says the Women Entrepreneurs Finance Initiative fund has so far raised $325 million from various governments. He hopes to leverage that into...
- Change in tune from iHeartMedia creditor
By Josh Kosman - Friday Aug 11, 2017
The biggest creditor of iHeartMedia is close to blinking in its nearly six-month stare-down with America’s largest owner of radio stations, The Post has learned. Mutual fund Franklin Resources is working with investment bank PJT Partners on a restructuring plan that could save iHeart from bankruptcy — although it may ask for more cash guarantees...
- Corporate America still using Equifax-like software even after hack
By Kevin Dugan - Wednesday Sep 20, 2017
There are 50,000 potential Equifaxes looming on the horizon. Corporate America has been slow to update its open-source software, even in the wake of the Equifax hack that exposed 143 million people’s sensitive data, according to one of the central hubs for the free programs. More than 50,000 organizations are using outdated and leaky versions...
- Berkshire Hathaway nets $11.5B from Bank of America deal
By Kevin Dugan - Tuesday Aug 29, 2017
Warren Buffett’s Berkshire Hathaway is about $11.5 billion richer, thanks to Bank of America. Buffett’s firm pulled the trigger on a 2011 options deal that lets it buy 700 million shares — at a 30 percent discount to its share price — all for bailing out the bank when it was facing questions about its...