Bank of America

An investigation found that Bank of America raked in tens of millions of dollars in resubmitted insufficient funds fees. The Charlotte-based bank also illegally opened credit cards without customers' knowledge.

A climate protest in uptown Charlotte at midday Tuesday called on Bank of America, Wells Fargo and other large banks to stop financing fossil fuel-related businesses.

A solar farm project that was supposed to help the city of Charlotte meet its climate goals is now uncertain after developers said they need a 25% price increase to keep it financially viable. It's one of many nationwide stalled by economic and social headwinds.

Charlotte-based Bank of America posted a 12% decline in first-quarter profits from a year earlier, a decline that was much less than the ones its rivals had reported the previous week. The nation’s second-largest bank was helped by higher net interest income and no noticeable exposure to Russian assets.

Bank of America and Wells Fargo have slashed some fees for customers. Both of the banks have a major presence in Charlotte. The fees in question — for account overdrafts and bounced checks — aren’t popular with consumers. The Charlotte Ledger business newsletter’s Tony Mecia has some thoughts about what’s behind the move.

Capital One says it will stop charging overdraft fees and Bank of America is reducing them. These hefty fees hit people with low incomes the hardest.

For the first time since before the pandemic, Charlotte's business leaders gathered in person Wednesday for their annual business outlook. For three top local CEOs, it was less about the economy and more about how their companies are adapting.

Bank of America is awarding Charlotte’s Latin American Chamber of Commerce with a $200,000 grant to launch an online e-commerce platform for local Latino-owned businesses.

Bank of America and Cornell University have partnered to give Charlotte-area Latina women an entrepreneurship certificate.

Bank of America plans to set the minimum wage for all positions at the company to $25 an hour by 2025. The bank will also mandate that vendors it does business with pay their employees at least $15 an hour. The bank says 99% of its vendors are already in compliance at that level.