tldrdailynews.com logo
Tag

Bank Of America

All articles tagged with #bank of america

BoA 7-Eleven ATM Fee Class Action Settles for $2.25 Million
legal-news10 days ago

BoA 7-Eleven ATM Fee Class Action Settles for $2.25 Million

A $2.25 million class-action settlement resolves claims that Bank of America charged multiple out-of-network balance-inquiry fees during a single visit to FCTI-operated ATMs in 7-Eleven stores between May 1, 2018 and Nov 16, 2021. Eligible accountholders can file claims by June 29, 2026 (proof of purchase required); current accountholders need not file to receive benefits, while former accountholders must file. The final approval hearing is August 21, 2026, and individual payouts are TBD. Details and deadlines, including exclusion/objection options, are on the settlement site; Bank of America has not admitted wrongdoing.

via Class Action Lawsuits|
#7-eleven#atm-fees#bank-of-america
BofA: Fed rate cuts unlikely before 2027 amid inflation and strong jobs
economy16 days ago

BofA: Fed rate cuts unlikely before 2027 amid inflation and strong jobs

Bank of America Global Research now expects the Federal Reserve to hold rates and not begin easing until the second half of 2027, citing stubborn inflation around 3.3% and solid job growth (April payrolls +115,000). This revises earlier expectations for cuts this year as policymakers weigh inflation, AI-driven productivity, tariffs and the Iran war; CME’s FedWatch shows less than a 50% chance of cuts before 2027, and the last rate cut was December 2025 at 3.5%–3.75%.

via CBS News|
#bank-of-america#economy#federal-reserve
Analyst argues GTA 6 price at $80 could prop up the gaming industry's economics
business21 days ago

Analyst argues GTA 6 price at $80 could prop up the gaming industry's economics

A Bank of America analyst urges Rockstar to price GTA 6 at $80 to bolster the broader games industry amid rising development costs and inflation, arguing that a $70 price could limit others’ ability to raise prices. Take-Two did not endorse $80 and emphasized value-based pricing, while previous comments from analysts have floated higher prices as a way to sustain AAA titles.

via Video Games Chronicle|
#bank-of-america#business#gta-6
Bank of America Sees GTA 6 at $80 as Catalyst for Industry Price Hikes
business22 days ago

Bank of America Sees GTA 6 at $80 as Catalyst for Industry Price Hikes

Bank of America analysts argue GTA 6 should launch at $80 to set a new industry-wide price point, citing rising development costs and Take-Two’s past move to $70. They suggest the blockbuster could justify higher prices across publishers, with Nintendo’s $80 titles and ongoing DLC/microtransaction revenue shaping the market. GTA 6 is scheduled for November 19 on PS5 and Xbox Series X|S, and BOA has raised its Take-Two price target to $320 on the premise that higher prices could be sustainable for big-budget games.

via GameSpot|
#bank-of-america#business#gta-6
Bank of America Delivers Strong Q1 2026 Beat Fueled by Trading and Net Interest Income
business1 month ago

Bank of America Delivers Strong Q1 2026 Beat Fueled by Trading and Net Interest Income

Bank of America beat expectations in Q1 2026 with EPS of $1.11 and revenue of $30.43 billion, the highest EPS in almost two decades, driven by a 30% jump in equities trading, a 9% rise in net interest income, and solid investment banking fees. Net income rose 17% to $8.6 billion and ROE reached 16%, with management noting healthy client activity and a resilient economy. An analyst call is scheduled for 8:30 a.m. ET.

via CNBC|
#bank-of-america#business#earnings
Three Arrested in Paris Over Suspected Bomb Plot Near Bank of America HQ
world1 month ago

Three Arrested in Paris Over Suspected Bomb Plot Near Bank of America HQ

Three people were arrested in Paris over a suspected foiled bomb attack near Bank of America's headquarters; an initial suspect was detained at the scene with a device containing five litres of liquid believed to be fuel and an ignition system, and two more suspects were later taken into custody as the anti-terrorism prosecutor's office leads the investigation, with officials noting possible links to Iran's proxies amid rising regional tensions.

via BBC|
#arrests#bank-of-america#bomb-plot
BoA’s Three-Condition Hike Talk Could Test Bitcoin’s Fortitude
business2 months ago

BoA’s Three-Condition Hike Talk Could Test Bitcoin’s Fortitude

Bank of America’s note says the Fed would likely hike rates only if Powell’s tenure lasts longer than expected, unemployment stays below 4.5%, and energy-price spillovers push broader inflation; higher energy and shipping costs could lift prices. Analysts warn a rate rise would pressure Bitcoin and stocks in the near term, but the crypto could later benefit as a currency-debasement hedge, with Bitcoin hovering around $70,000 after a spike toward the mid-$70,000s.

via Decrypt|
#bank-of-america#bitcoin#business
Bank of America Nears Settlement in Epstein-Linked Financial Case
business2 months ago

Bank of America Nears Settlement in Epstein-Linked Financial Case

Bank of America is reportedly close to a settlement in a federal lawsuit accusing the bank of ignoring red flags in Epstein-related transactions, including $170 million moved by Leon Black for Epstein’s purported tax and estate planning. Black is described as a key witness; his deposition was postponed as settlement talks continued. The suit, brought on behalf of a woman identified as Jane Doe and others, alleges the bank helped Epstein set up a financial structure to enable sex trafficking. Epstein died in 2019, and terms of the settlement have not been disclosed.

via PBS|
#bank-of-america#business#jeffrey-epstein