Bank of America to Pay Employees Special Bonuses for Third Straight Year

Bank of America is rewarding employees with bonuses and stocks due to strong financial performance. CEO Brian Moynihan emphasizes the importance of benefiting both shareholders and employees. The bank is actively promoting this initiative through ads in local markets, highlighting its commitment to community engagement. Despite a recent $2 billion charge, the bank has maintained a streak of record earnings, ensuring employees share in the success.

What is the amount that employees earning less than $100,000 will receive for Christmas?

Who is Brian Moynihan and what role does he play in the context of the text?

What is the purpose of the ads being run in more than 90 local markets?

How has Bank of America's performance been described in recent months?

What was the $2 billion charge mentioned in relation to Bank of America's earnings?