Browsing: America

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(Bloomberg) — Bank of America Corp. has kicked off its second investment-grade bond sale in days, offering perpetual notes following last week’s $8 billion capital raising.

Following its third-quarter earnings report, Bank of America’s (NYSE: BAC) stock fell 4.7% on Oct. 14 in its worst performance in 18 months. At one point, the stock fell almost 9%, a huge move for a stock like Bank of America.

Bank of America has identified similarities between the current artificial intelligence investment cycle and previous periods of large-scale capital spending, citing rising investment expectations, increased competition and declining prices for AI services.

The International Monetary Fund on Friday pressed Latin American authorities to capitalize on global conditions that remain advantageous in order to lower sovereign borrowing and boost output efficiency, while cautioning that budget tightening has lost momentum across numerous nations, Reuters reported.

WINTERSTEIGER Sports North America announced a new organizational structure called One Team designed to unite sales and customer support across WINTERSTEIGER, BOOTDOC, and HOTRONIC to deliver a more seamless customer experience and strengthen collaboration across its portfolio of ski service, software, lockers and storage, boot fitting, and retail product solutions.

Bank of America has been fined $1.2bn (£910m) for failing to detect potential money laundering and other illegal activity, the US Treasury Department said on Tuesday.

Bank of America’s (BAC) stock dropped 6% Wednesday, as a $1.2 billion regulatory penalty dragged down the major lender’s third quarter results. The stock is on pace for its worst single-day drop since April 2025.

Bank of America said Wednesday that its third quarter profit fell 17% from a year earlier as $1.2 billion regulatory penalty and a slowdown in its Wall Street machine dented higher lending income.

Bank of America received a $1.2 billion bill from the US Treasury a day before its earnings report.