Foreign news: BOA profits up 40 per cent, Android Pay deals for PayPal, China online lending probe 19 April 2017 3:37PM Foreign news Banking Day staff Bank of America reported its first quarter's results overnight, unveiling a net income of nearly US$4.9 billion, up 40 per cent from 1Q16. read more
Foreign news: Wells Fargo accused of US$1.25bn tax 'sham', BoA sells out of UK 21 December 2016 5:23PM Foreign news Banking Day staff The US government has urged a Minnesota federal court to impose a 20 per cent negligence penalty on Wells Fargo for a US$1.25 billion securities transaction that the government claims served no purpos.. read more
Foreign news: Bank of America lifts profit, RBS public ownership stake 18 October 2016 5:15PM Foreign news Banking Day staff Bank of America shows a lift in profit, but the value of the UK government's RBS stake drops again. read more
Foreign news: BoA to cut Asian jobs, Basel IV puts Eurozone at risk 28 September 2016 3:10PM Foreign news Banking Day staff Bank of America is reportedly planning job cuts in Asia, while the European Union may opt out of new global rules aimed at preventing another financial crash. read more
Corporate bond market shrugs off Brexit uncertainty 01 August 2016 4:25PM Corporate bonds Philip Bayley Despite a slow start reflecting uncertainty about the Brexit decision, July has ended as the second strongest month of the year to date in the domestic corporate bond market. Bonds worth A$10.3 billio.. read more
Foreign news: Bank of England closes staff bank, marketplace lenders hit slow patch, BoA profits dow 19 July 2016 4:06PM Foreign news Banking Day staff The Bank of England is closing the personal banking service it runs for employees. read more
Briefs: Bank of America signs funding deal with Billabong, EY partners with Stone & Chalk 15 July 2016 3:46PM Briefs Banking Day staff Days after announcing that it had agreed to pay A$45 million to settle a class action, surfwear company Billabong had some good news to report. read more
Foreign news: Brexit stalls BoA credit card business sale, three Barclays traders convicted and two 05 July 2016 4:19PM Foreign news Banking Day staff Bank of America is close to calling off the sale of its £7 billion credit card operations in the UK. read more
Foreign news: Goldman Sachs probed over Malaysia's 1MDB Fund, BoA mortgage class action update, Well 08 June 2016 3:57PM Foreign news Banking Day staff US investigators are trying to determine whether Goldman Sachs broke the law by not sounding an alarm about a suspicious transaction in Malaysia, "people familiar with the investigation" told The Wall.. read more