Bank Of America

The US bank plans to build out its Emea equities business

Bank of America has followed Wall Street rivals with a sharp decline in investment banking fees

Lender continues to ring the changes across its European offices

The reshuffle at Bank of America comes amid a deal drought that has forced many banks to trim their ranks of dealmakers

Investment banks' ECM teams have been hit hardest by the deal drought

Citigroup, BNP Paribas, Bank of America, and Deutsche Bank have all been vying for the position over the past 10 years

The number of promotions is down slightly from the 105 in 2022

BofA dealmakers said the bonus pool has not been skewed towards top performers and, unlike some Wall Street rivals, zero bonuses were not common

The wallet will be launched with Visa and Mastercard Inc. debit and credit cards

The lender climbed from fourth to third in the investment banking fee league tables, maintaining a market share of around 6%

Moynihan said that 'pipelines are still pretty strong' but the question was whether fees would bounce back to record levels seen in 2021

Bank of America continues to hire expertise for the clean energy transition

A report by asset manager CCLA finds that some of the largest companies fall short on employee mental health

Dealmaking fees for the top investment banks have tumbled by 50%