Bank Of America

Groww share price soars 43% thus far in April; BofA sees more upside

BofA sees scope for re-rating as Groww drives further margin expansion, and establishes a credible present in wealth management

75 women expected to benefit from BofA settlement in Epstein case: Lawyers

Lawyers say up to 75 women who were sexually abused by Jeffrey Epstein since 2008 may benefit from a USD 72.5 million fund set up as part of a settlement Bank of America reached with lawyers representing the women. US District Judge Jed S Rakoff gave the deal preliminary approval Thursday and set a final approval hearing for August 27. He also ordered lawyers to submit to him by Friday a broader list of publications to be used to notify Epstein victims that the settlement fund exists. The judge said he wanted to ensure "nobody is left out." Lawyers for women abused by Epstein had sued the bank, saying it ignored suspicious financial transactions involving Epstein that occurred while he was abusing girls and women from June 2008 to his arrest in early July 2019 on federal sex trafficking charges. Epstein died in August 2019 in a Manhattan federal jail. The death was ruled a suicide. At the hearing Thursday, attorney David Boies said lawyers for the victims believed between 60 and 7

Bank of America raises CEO Brian Moynihan's pay to $41 million for 2025

The board granted Moynihan an unchanged base salary of $1.5 million and no cash bonus, "consistent with prior years," along with equity incentive awards totaling $39.5 million

BofA expects rupee to strengthen by March end after India-US trade deal

The foreign lender had earlier forecast the currency at 90.50-91.00 levels

India offers both scale, momentum - a rare combination today: Vikram Sahu

Vikram Sahu says the country is central to the bank's global growth, citing strong GDP prospects, rising client demand and robust IPO and M&A momentum

BofA subsidiary leases office space in Powai for monthly rent of ₹1.43 cr

According to the lease-related documents accessed via CRE Matrix, a real estate data analytics firm, BA Continuum India has leased the space for 10 years and nine months

Sebi finds BofA shared confidential info on $180 mn Aditya Birla AMC trade

BofA is preparing a response to Sebi's accusations and is expected to seek a settlement in the millions of dollars without admitting or denying wrongdoing

BofA warns India's state debt surge could pressure bonds, keep rates high

Gross borrowings by Indian states have jumped almost 20 per cent this fiscal year from 2024 as growth in tax revenues slowed, while they beefed up spending

BofA sees Nifty at 29,000 in 2026 as earnings drive market returns

Bank of America has set a Nifty target of 29,000 for 2026, saying limited valuation upside means returns will hinge on earnings growth, with large-caps expected to outperform mid- and small-caps

RBI approves Vikram Sahu as CEO of Bank of America in India: Internal memo

Sahu will report to Jin Su, president of Asia Pacific, Bank of America

Leverage moderating across Adani Group firms, says Bank of America

The Adani Group, with a $200-billion market capitalisation, continues to enjoy global funding access and stable credit metrics despite market volatility and regulatory scrutiny, says BofA

We continue to invest heavily in India GPS business, says Winnie Chen

Winnie Chen says real-time domestic payments are shaping expectations for faster, seamless cross-border transfers and stablecoin adoption

Bank of America revamps leadership ranks with eye on succession race

Bank of America named Dean Athanasia and Jim DeMare as co-presidents reporting to CEO Brian Moynihan, while Alastair Borthwick adds executive VP title to his CFO role

Indian firms delay expansion plans amid demand, trade uncertainty: BofA

Firms are focusing on paying down debt, opting for refinancing rather than expanding capacity, Shankar Subramaniam, the bank's head of India corporate banking said

Pressure on US dollar may continue in near term: Bank of America's Jin Su

India is a fascinating growth story. It is one the world's fastest growing major economies globally, says Jin Su

India likely to see at least 30 GCCs with billion-dollar revenue this year

Data from Pune-based consultancy Wizmatic shows that there were about 24 GCCs with annual revenue of more than $1 billion in FY24; that number is expected to grow by five or six more such players

Bank of America's Q1 profit rises on trading boost; stock gains 1.9%

Rivals JPMorgan Chase and Goldman Sachs have also reported stronger performance from their trading businesses

Vikram Sahu to take over as Bank of America's India country executive

Sahu has over 25 years of experience and holds a bachelor's degree from St. Stephen's College, Delhi, and attained a master's degree in the US

Vikram Sahu to replace Kaku Nakhate as Bank of America's new India head

Global Equity Research Head Vikram Sahu is expected to lead Bank of America's India operations, relocate in second half of year

'No chance for remote flexibility': JPMorgan CEO junks hybrid work requests

JPMorgan's leadership is pushing for increased efficiency, with Jamie Dimon instructing departments to achieve 10% productivity improvements