Katherine Doherty

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BofA's Merrill Boss Girds For Poachers Amid Wealth Boom

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Demand for advisors has increased as banks bolster their business of serving affluent clients.

Gen Z Builds Savings, Focuses On Finances Coming Out Of Pandemic

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Bank of America found that 70% of Gen Z members it surveyed added to their savings in the past year.

CFA Pass Rate Slips Again To Record Of 29% For Level II Exam

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The Level II exam consists of vignettes with 88 multiple-choice questions and takes about four and a half hours to complete.

BofA Bumps Its Minimum Wage Again On The Way To $25 An Hour

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Bank of America is bumping its minimum hourly wage to $21.

U.S. Market Hours To Expand Under New Equity-Trading Platform

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A New York-based financial-technology company will allow clients worldwide to trade securities 24 hours a day.

Affluent Americans Boosted Charitable Giving In A Pandemic Year

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Average giving surged by 48% last year to $43,195 from $29,269 in 2017.

BofA Outage Shuts Out Thousands Online, Service Now Restored

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User reports indicate Bank of America had problems starting around 10 a.m.

Komansky, CEO Who Led Merrill's Global Growth, Dies at 82

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David Komansky, a college dropout who joined Merrill Lynch as a stockbroker, expanded the firm globally.

Silicon Valley Exchange Lists First Two Companies In ESG Push

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Companies on the new exchange agree to abide by listing standards.

Nasdaq Rule May Open Up Numerous Diverse Board Slots

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More than a third of companies trading on the Nasdaq lack a racially diverse director.

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