News & Events:BAC

U.S. banks will enjoy stronger growth this year from their "bread-and-butter" business of taking deposits and lending money as the U.S. economy expands and the Federal Reserve prepares to raise interest rates for the first time in three years.

U.S. banks will enjoy stronger growth this year from their "bread-and-butter" business of taking deposits and lending money as the U.S. economy expands and the Federal Reserve prepares to raise interest rates for the first time in three years.

Brazilian shoemaker Arezzo Industria e Comercio SA announced on Thursday a follow-on share offering of 7.5 million shares as it aims to raise money for long-term investments, including new stores and potential mergers and acquisitions. Arezzo said in a securities filing the offering could be increased by up to 35%, or 2.63 million shares, if demand allows it.

Replenished firepower and higher interest rates will give Europe's banks an ideal opportunity this year to reverse recent underperformance and claw back market share from rivals in the United States, industry experts say. European lenders lost ground to Wall Street rivals during the pandemic because volatile markets boosted the earning power of U.S. banks' outsized trading arms.

* Europe's banks lag U.S. rivals on valuation, performance. * Rising rates, surplus capital offer signs of hope. * Banker pay hikes may constrain turnaround plans. By Lawrence White and Iain Withers.

- Bank of America Corp (BAC) is raising the base salary for senior bankers, according to a person familiar with the matter, its latest attempt to retain top talent in one of the most competitive years for pay on Wall Street.

Bank of America Corp (BAC) is raising the base salary for senior bankers, according to a person familiar with the matter, its latest attempt to retain top talent in one of the most competitive years for pay on Wall Street.

The U.S. consumer watchdog on Wednesday ramped up scrutiny of bank and credit card charges, seeking public comments about various "junk fees" consumers are charged by banks, from overdrafts to late fees.

CHARLOTTE, N.C., Jan. 26, 2022  Bank of America (BAC) today announced the global expansion of 'Masterpiece Moment' – a video series that showcases works of art in the collections of the company's museum partners. Every other Monday, Bank of America (BAC) premieres a 5-7 minute video on its Masterpiece Moment website and a dedicated YouTube playlist.

Bank of America Corp (BAC) said on Tuesday that it will give around 97% of its employees special compensation awards, most of which will be delivered in restricted stock units, according to an internal memo seen by Reuters.

- Bank of America Corp (BAC) is bringing employees back to offices in parts of the United States where new COVID-19 cases have started to decline, a person familiar with the matter told Reuters on Tuesday.

Bank of America Corp (BAC) is bringing employees back to offices in parts of the United States where new COVID-19 cases have started to decline, a person familiar with the matter told Reuters on Tuesday.

- Bank of America Corp (BAC) said on Tuesday that it will give around 97% of its employees special compensation awards, most of which will be delivered in restricted stock units, according to an internal memo seen by Reuters.

Bank of America Corp (BAC) will reward employees for the bank's strong performance through special bonuses for the fifth straight year, according to an internal memo seen by Reuters. Roughly 97% of the bank's employees, who make up to $500,000 in total annual compensation, will be eligible for the bonuses.

U.S. companies borrowed 3% less in December to finance their investments in equipment, the Equipment Leasing and Finance Association said on Tuesday, as inflation and Omicron cloud economic outlook. Firms signed up for $11.8 billion in new loans, leases and lines of credit last month, compared with $12.1 billion a year earlier.

Bank of America Corp (BAC): * BANK OF AMERICA TO GIVE 97% OF GLOBAL EMPLOYEE BASE COMPENSATION AWARD - TOTAL OF $1 BILLION ON TOP OF REGULAR COMPENSATION, ACCORDING TO INTERNAL MEMO SEEN BY REUTERS Further company coverage:

ST. PETERSBURG, Fla.

CHICAGO, Jan. 25, 2022  Today the teams behind the Bank of America Chicago Marathon and Bank of America Shamrock Shuffle announce the launch of registration for the 2022 Bank of America Chicago 13.1. The newest addition to Chicago's premier racing portfolio brings a world-class half marathon and three-day health and wellness festival to Chicago's West Side.

Warren Buffett's Berkshire Hathaway Inc (BRK/A) plans this year to let shareholders attend the company's annual meeting for the first time in three years, amid signs the Omicron wave may have peaked in the United States. In a statement on Tuesday, the Omaha, Nebraska-based conglomerate said "we are planning for an in-person meeting" on April 30, while also webcasting the event for a seventh straight year.

Chinese fashion retailer SHEIN is reviving plans to list in New York this year and its founder is considering a citizenship change to bypass proposed tougher rules for offshore IPOs in China, two people familiar with the matter said. It was not immediately clear how much the company was looking to raise from its New York debut.