What Happened: The Bank of America has alerted a small group of its customers about a data breach that may have exposed confidential information. The breach, which took place on December 30, was a result of improper handling of confidential documents by a third-party document destruction service provider.

Bank of America is warning a small group of customers about a new data breach that could potentially expose confidential and sensitive information.

Last year, the bank promoted 387 employees to managing director roles in 2024, more than half of whom were women and people of color.

The United States Congress said that it would push to pass legislation on stablecoins in the first 100 days of the Trump administration.

To name a few examples, megabank Bank of America ( BAC -5.74%) was down by 6% for the day. Investment banking leader Goldman Sachs ( GS -3.75%) had fallen by 5%. And app-based banking platform SoFi ( SOFI -3.87%) was lower by more than 6.5%.

Get an honest look at Bank of America mortgages, their rates, customer service, and whether this banking giant is a good fit for your loan needs.

Bank of America CEO Brian Moynihan is used to commanding over 200,000 employees, but when it comes to his own children, he is content to let them make their own career decisions.