trending Market Intelligence /marketintelligence/en/news-insights/trending/Kuz2WVkwibcVMRZFBYu2zQ2 content esgSubNav
In This List

Bank of America reclassifies business segment results

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


Bank of America reclassifies business segment results

Bank of America Corp.reclassified its business segment results, removing the Legacy Assets & Servicingsegment.

Effective April 1, the company will report the financial resultsof its operations through four business segments: Consumer Banking, Global Wealth& Investment Management, Global Banking and Global Markets, with the remainingoperations recorded in All Other.

The realignment resulted in net increases of $23 billion and$1 billion in consumer real estate loans held under Consumer Banking and All Other,respectively.