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A $2 million class action settlement has been finalized to resolve allegations that Bank of America improperly denied customer disputes regarding unauthorized electronic fund transfers.
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Bank of America is consolidating its global credit macro, fixed-income ETF, and high-grade bond trading operations onto a single platform to enhance liquidity and streamline client execution.
Greg Abel, who took over as CEO of Berkshire Hathaway after Warren Buffett's retirement, maintains a concentrated portfolio with 71% ($255.2 billion) invested in seven core stocks. Legacy holdings like Apple, American Express, Coca-Cola, and Bank of America remain pillars, while Abel has been actively building Alphabet's position due to its AI-powered Google Cloud growth. Energy stocks Chevron and Occidental Petroleum also play significant roles, reflecting Abel's background in energy management.
Bank of America has added several major technology companies, including Tesla, Broadcom, and IBM, to its 'Global Defenders' list of equities.
Bank of America filed a Form 8.3 disclosure regarding its holdings and derivative positions in easyJet plc.
A class action lawsuit has been filed against Bank of America on behalf of investors who purchased stock between August 1, 2025 and October 13, 2026. The lawsuit follows the U.S. Department of the Treasury's announcement of over $1.2 billion in penalties and settlements against Bank of America's subsidiary for violations of Bank Secrecy Act and Anti-Money Laundering laws, including failure to detect and report over $5 billion in suspicious activity. The regulatory charges reduced the company's Q3 2026 diluted earnings per share by $0.17, and the stock fell 4.8% following the disclosure.
Bank of America has disclosed an opening position in easyJet, revealing a net long exposure of 71,543 shares as of November 3, 2026.