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In 2007, Bank of America partnered with Brighter Planet to offer an eco-friendly credit card, and later a debit card, which help build renewable energy projects with each purchase. [131] Bank of America has also donated money to help health centers in Massachusetts [132] and made a $1 million donation in 2007 to help homeless shelters in Miami ...
Hugh L. McColl Jr. (born 18 June 1935) is a former business executive who was the CEO of NationsBank [1] and the former chairman and the first CEO of Bank of America.Active in banking since around 1960, McColl was a driving force behind consolidating a series of progressively larger, mostly Southern banks, thrifts and financial institutions into a super-regional banking force, "the first ocean ...
Stemettes is a social enterprise which encourages girls and young women aged 5–25 to pursue careers in Science, Technology, Engineering, and Maths ().Stemettes runs panel events, hackathons, the Student to Stemette mentoring programme supported by Deutsche Bank, Outbox Incubator and an app, OtotheB, an online platform for girls interested in STEM and entrepreneurship.
At that time, he remained CEO and chair of Bank of America's board. Moynihan stated he planned on remaining CEO for years. [23] In 2023, Moynihan's total compensation from Bank of America was $27.8 million, representing a CEO-to-median worker pay ratio of 230-to-1. [24] Moynihan is a fellow at Brown University, serving from 2016 to 2027. [25]
Bank of America is hiking its base pay starting next month and plans to further lift the company's minimum wage in 2025. ... which will apply to all full- and part-time hourly jobs in the U.S ...
Lewis became CEO, president and chairman of Bank of America after the retirement of Hugh McColl in 2001. In November 2008, while still CEO, a time when the bank had had to borrow $86 billion from the Federal Reserve, Lewis wrote to shareholders saying that he was at the helm of "one of the strongest and most stable banks in the world".
BofA Securities, Inc., [1] previously Bank of America Merrill Lynch (BAML), is an American multinational investment banking division under the auspices of Bank of America. It is not to be confused with Merrill , the stock brokerage and trading platform subsidiary of Bank of America.
Bank of America (NYSE: BAC) shareholders have plenty to celebrate heading into 2025. The megabank's upcoming fourth-quarter earnings report on Jan. 16 will be an opportunity for management to ...