Bloomberg Bank of America (BofA) Corp’s largest philanthropic initiative is reaching into new neighbourhoods with programs dedicated to community building and leadership training. The company gave another $22.1 million to its Neighborhood Builders and Champions programs that support nonprofits, according to a statement. Since 2004, the bank has invested more than $285 million through the programs, which have served 92 ...

Bloomberg MicroStrategy Inc appears to be one of the bigger beneficiaries from the euphoria surrounding the likely launch of Bitcoin ETFs, with the overall value of the company’s holding of the cryptocurrency doubling. The enterprise software firm held approximately 114,042 Bitcoin as of September 12, acquired at an aggregate purchase price of $3.16 billion and an average price of $27,713 ...

Bloomberg As an example of why investment banks should listen to their risk managers, CS Venkatakrishnan’s experience at JPMorgan Chase & Co is hard to top. Back in 2012, just weeks into a senior risk job at the Wall Street giant, his team flagged the potential for $6.3 billion of losses from a murky derivatives trade in London. The analysis ...