Bank Of America Layoffs 2024 Pay Taxes
Bank Of America Layoffs 2024 Pay Taxes – NEW YORK, Jan 12 (Reuters) – Bank of America’s (BAC.N), opens new tab profit possibly weaken in the second quarter as consumers pay taxes, before improving in the second half of the year. . Bank of America Corp. BofA took a pre-tax charge of $2.1 billion in the fourth quarter to pay a “special assessment to deliver responsible growth in 2024,” said CEO Brian Moynihan. .
Bank Of America Layoffs 2024 Pay Taxes
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Bank Of America Layoffs 2024 Pay Taxes Bank of America CEO Brian Moynihan on how he plans to trim its : BANK of Americaโs fourth-quarter profit shrank as the lender took US$3.7 billion in combined charges to refill a government deposit insurance fund and phase out a loan index. Read more at The Business . Bank of America shares fell Friday after the firm reported declining fourth-quarter earnings amid hefty one-time charges. The bank said it was hit by a pretax charge of $1.6 billion in the quarter .