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(Reuters) - Former U.S. Interior Secretary Ryan Zinke, who stepped down in December amid ethics investigations, has joined the board of junior mining exploration company U.S. Gold Corp, the company said on Tuesday. Zinke, who ran the Interior Department, which oversees America’s vast public lands, aggressively pursued President Donald Trump’s agenda to promote oil drilling and coal mining by expanding federal leasing, cutting royalty rates, and easing land protections despite environmental protests.

“Zinke has a lot of credibility in the mining industry, We think his credibility and gravitas will give us visibility, which we need to advance the company and benefit our shareholders,” U.S, Gold Corp CEO Edward Karr told Reuters, The company has a gold exploration project on Wyoming state land at the Copper King deposit and is going through state environmental reviews and picture cufflinks for wedding regulations, It also has the Keystone project, which has 650 mining claims on a major gold trend on federal land managed by Interior’s Bureau of Land Management (BLM) in Nevada..

Karr said the company wants to prove that there is a world class deposit there to attract interest from mining company Barrick Gold, which owns property to the north of the Keystone project. “Where Zinke could provide value is being on the ground and interacting with BLM’s Nevada office,” he said. In a statement, Zinke said his work at Interior “can add tremendous value to the company.”. “I am excited to work closely with management and the Board to help make mining great again in America,” he said.

(Reuters) - Bank of America Corp forecast that net interest income would rise half picture cufflinks for wedding as fast this year after reporting first-quarter revenue on Tuesday that fell short of expectations, The bank’s shares initially fell as much as 2.8 percent but recovered to trade up 0.4 percent by mid-afternoon as analysts focused on its success in reducing expenses, Bank of America, the second-biggest U.S, bank by assets, followed rival domestic lenders by struggling to generate top-line growth in the latest quarter and suffering from a decline in trading revenue..

During the first quarter, lower market volatility hurt trading revenue at U.S. banks, leaving them to rely on expense cuts to drive profitability. At Bank of America, expenses declined by 4 percent. JPMorgan Chase & Co, the country’s biggest bank by assets, has been the exception. It increased revenue and beat expectations while seeing expenses rise as it invests in new technology. Allowing for different tax treatments on some assets, Bank of America said revenue came in at $23.2 billion. That compared with the average analyst estimate of $23.3 billion, according to IBES data from Refinitiv.

Chief Financial Officer Paul Donofrio told analysts on a conference call that the bank anticipates its net interest income will rise by 3 percent in 2019, compared with 6 percent last year, “We’ve got some near-term headwinds,” he said, The Federal Reserve has signaled it is unlikely to raise interest rates in 2019 given risks to the U.S, economy from a global slowdown, Investors fear that could pressure net interest income, or the difference between what a bank earns on loans and pays on picture cufflinks for wedding deposits..

The bank saw 3 percent growth in consumer loans and 4 percent growth in loans to businesses in the first quarter, allowing it to capture more revenue from higher U.S. interest rates. The company reported a 5 percent increase in deposits from a year earlier. Revenue rose in two of the lender’s four main businesses. Donofrio said growth in the bank’s deposits and loans suggested the performance of the U.S. economy remained solid despite recession concerns. “Bank of America has demonstrated for years now that we can grow well in an economy that is just growing moderately,” he told reporters on a conference call.

Chief Executive Brian Moynihan cited demand for credit from middle-market business, He said that was “good news for the economy overall.”, The lender has benefited from the central bank’s four rate hikes in 2018, It relies heavily on higher interest rates to maximize profits as it has a large deposit pool and retains rate-sensitive mortgage securities, Net interest income - the difference between what a lender earns on loans and picture cufflinks for wedding pays on deposits - rose 5 percent to $12.38 billion, Deposits on average also rose nearly 5 percent to $1.36 trillion..



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