Bank of America

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Pedestrians wearing protective masks walk past a Bank of America branch: it has set aside $5 billion to cover loan losses. Photograph: Jeenah Moon/Bloomberg

Bank of America saw its profit more than halve in the second quarter as it set aside $5 billion to cover potential loan losses, while warning that it (...)

A health professional prepares a needle during human trials for a Covid-19 vaccine in Brisbane, Australia. Photograph: Glenn Hunt/EPA

Good news from Covid-19 vaccine trials boosted markets on Wednesday. Both US group Moderna and the University of Oxford-Astrazeneca joint venture repo(...)

The bank’s net income fell to $4.69 billion, or $1.38 per share, in the quarter ended June 30th.

JP Morgan Chase & Co on Tuesday set aside about $10.5 billion (€9.2 billion) in reserves to cover a wave of potential defaults in the aftermath of(...)

European shares rose on Friday after upbeat industrial output data raised hopes of a faster than expected economic recovery. Photograph: Getty Images

European shares rose on Friday after upbeat industrial output data from Italy and France raised hopes of an economic recovery, even as a spike in coro(...)

Veteran money manager and bubble expert Jeremy Grantham described the current market a ‘real McCoy’ bubble

High valuations and crazed speculative bets from inexperienced day traders – is the current market a “real McCoy” bubble, as veteran money manager and(...)

Traditionally, sterling has been one of the most heavily traded and therefore safest currencies in the world

The pound is now an emerging-market currency in all but name, according to analysts at Bank of America, who say that Brexit has turned it into a mirro(...)

Wall Street is past ‘peak pessimism’. Photograph: iStock

Stocks are overvalued but they have room to keep rising anyway. That’s the takeaway from the latest Bank of America monthly fund manager survey, whic(...)

Tokyo’s benchmark Topix index was flat while Hong Kong’s Hang Seng rose 0.8 per cent.

European equities pushed higher on Friday as investors weighed up rising coronavirus cases in the US and China against sprawling stimulus measures fro(...)

AIB: bonds were sold through a holding company set up at the top of the bank’s corporate tree in late 2017.

AIB raised €625 million to boost its capital reserves on Tuesday through the sale of the riskiest form of bank debt. The bank received a total of €5(...)

Jerome Powell, chairman of the US Federal Reserve, speaks during a virtual news conference seen on a laptop computer in Arlington, Virginia, on June 10th. The Federal Reserve put a floor under its large-scale asset purchases and projected interest rates will remain near zero through at least 2022 as policy makers seek to speed the economy’s recovery from the coronavirus recession. Photograph: Andrew Harrer/Bloomberg

Federal Reserve officials predicted that they would keep interest rates close to zero until at least the end of 2022, as the US central bank said it r(...)

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