Bosses aren’t just unapologetic about staff cuts. Many are touting shrinking head counts as accomplishments in the AI era.

The consumer has long been the engine of U.S. economic growth, with consumer spending or spending on behalf of consumers ...

Ripple stablecoin RLUSD attracts attention from Bank of America amid strong regulatory backing and growing use in ...

Bank of America's chief technology and information officer, Aditya Bhasin, is retiring from the lender and will be replaced by Hari Gopalkrishnan, according to an internal memo seen by Reuters on ...

Bank of America CEO Brian Moynihan said the bank is exploring stablecoin initiatives, as Congress considers a bill that would ...

US lawmakers are reportedly subpoenaing the heads of JPMorgan Chase and Bank of America for their roles in the initial public ...

Brian Moynihan has his hands full running Bank of America, which is why he raised some eyebrows when he took on the volunteer position as chancellor of the Corporation of Brown University.

MOYNIHAN: Because again, that allows the, uh, tightening cycle to pause or slow down and let the economy get back under itself. MARGARET BRENNAN: Brian Moynihan. Good to have you here in person.

A number of other Wall Street hotshots stayed away, too — sending non-executive underlings in their place, according to ...

MOYNIHAN: You'll have growth in the first quarter then it'll go down, you know, maybe flat. But although they've gone from 1.7 percent to 1.2 percent, so they've come down.

Ever since Bank of America (BAC 0.41%) announced a broad management shakeup last week, including CFO Bruce Thompson's departure, analysts and commentators have raised the idea that CEO Brian ...