Bank of America started freezing hiring early this year as it grapples with depressed markets like other companies on Wall Street. ➤ European M&A activity limps into 2023 There were 1,149 deals announced in January across all sectors, a 29.9% decline on January 2022, S&P Global Market Intelligence data shows. Aggregate transaction value fared worse, falling 51.5% to €14.78 billion. ➤ Overdraft fee income decline steepens for US banks in Q4'22 U.S. banks saw declines in their overdraft fee income worsen in the fourth quarter of 2022, capping a year in which regulators and the White House applied increased pressure on the industry. AMERICAS * Goldman Sachs Group Inc. pulled back from bidding for new credit card programs, The Wall Street Journal reported, citing people familiar with the matter.