Bank of America will close all its branches in the United States for 24 hours on December 25 and January 1, 2026.

The company is also planning to expand the investment banking division’s overall bonus pool after the increase in deal activity this year.

Bank of America confirms all US branches will close on 25 December. The bank warns customers that some transactions may be delayed during the 24-hour shutdown.

Berkshire Hathaway owns dozens of stocks in its massive $317 billion public equities portfolio. One of the leading positions for a long time has been Bank of America ( BAC +0.38%). The Warren Buffett-led conglomerate owns 7.8% of the bank's outstanding shares, displaying his appreciation for the business.

The Wall Street firm said faster U.S. stablecoin and charter rules are pulling crypto into the regulated banking system and pushing banks toward an on-chain future.

Bank of America CEO Brian Moynihan said on Wednesday he expects revenue from the bank's markets business to rise between a high single-digit percentage and 10% in the fourth quarter, while investment banking fees will be broadly flat.

Discover what branch banking is, its benefits, and how it differs from unit banking, providing insights into banking convenience and the evolution of financial services.

Bank of America has hired more than two dozen senior dealmakers this year amid a turnaround of its investment-banking operations.